Cyber insurance Stories - Page 12

Global Stories

Cyber insurance stories

Healthcare tops data breach incidents in 2024, surpassing finance

Kroll's latest report reveals the healthcare sector was the most targeted by data breaches in 2024, accounting for 23% of all incidents, surpassing finance.

By Kaleah Salmon • 3 min read • Fri, 21st Feb 2025

Ransomware

KnowBe4 platform promises up to 400% return on investment

A report by Hobson & Company reveals that organisations using KnowBe4's HRM platform can achieve a ROI of 200% to 400% within just 3.5 months.

By Melania Watson • 4 min read • Fri, 21st Feb 2025

EduTech

KnowBe4 report links cyber insurance to security needs

KnowBe4 research reveals the average cost of a data breach rose to USD $4.88 million, underscoring the urgent need for enhanced cybersecurity strategies.

By Shannon Williams • 3 min read • Thu, 23rd Jan 2025

Biometrics

AI reshapes cybersecurity, drives 2025 hyper-automation

The 2024 surge in AI-driven cybersecurity has transformed threat detection, but emerging AI-led attacks pose new risks as firms brace for 2025 advancements.

By Shannon Williams • 3 min read • Thu, 23rd Jan 2025

Ransomware

Ransomware attacks soared in 2024, new groups emerge

ReliaQuest's latest analysis reveals a 43% rise in ransomware victims in Q4 2024, with 13 new groups emerging, including Akira, which named 71 victims in December.

By Shannon Williams • 3 min read • Fri, 17th Jan 2025

Data Protection

Data protection advancements expected to shape 2025 security

Andrew Eva of Assured Data Protection predicts significant advancements in backup and cybersecurity by 2025, highlighting ransomware as a major threat.

By Shannon Williams • 3 min read • Fri, 27th Dec 2024

Data Protection

AI-driven data governance to be key by 2025, says expert

By 2025, data governance, AI, and multi-factor authentication will become crucial as firms navigate increasing regulatory pressures and cybersecurity threats.

By Shannon Williams • 3 min read • Thu, 19th Dec 2024

Data Protection

Businesses must embrace forward-thinking cybersecurity solutions in 2025

As 2024 ends, businesses must prepare for turbulent shifts in cybersecurity, including AI's role and the threats posed by quantum computing.

By Christopher Hills • 5 min read • Tue, 10th Dec 2024

Malware

Rise in phishing attacks observed from August to October 2024

ReliaQuest's latest report reveals a significant rise in phishing attacks, accounting for 46% of incidents, amid increased cyber threats and ransomware activity.

By Shannon Williams • 4 min read • Thu, 28th Nov 2024

Malware

Bitdefender offers $1m warranty with MDR services

Bitdefender has launched a cybersecurity breach warranty programme, offering up to USD $1 million for businesses using its managed detection and response services.

By Melania Watson • 2 min read • Fri, 22nd Nov 2024

Advanced Persistent Threat Protection

Trustwave & Cybereason announce cybersecurity merger

Trustwave and Cybereason announce a merger to enhance cybersecurity solutions, with SoftBank as the majority investor, set to close in early 2025.

By Melania Watson • 3 min read • Wed, 13th Nov 2024

Ransomware

Guardz survey reveals MSP challenges in cybersecurity

A recent Guardz survey reveals 77% of MSPs face operational hurdles managing multiple cybersecurity tools for small business clients.

By Kaleah Salmon • 3 min read • Tue, 12th Nov 2024

Stories from Other Regions

Cyber insurance stories

Breach Prevention

QBE report reveals emerging challenges for Singapore SMEs

QBE Insurance's annual SME surveys reveal challenges for small and medium-sized enterprises in Singapore and Hong Kong, highlighting rising costs and AI adoption concerns.

By Shannon Williams • 3 min read • Wed, 19th Feb 2025

Unified Communications

WTW launches CyCore Asia for enhanced cyber coverage

WTW has launched CyCore Asia, a new cyber insurance facility offering up to USD $15,000,000 in coverage to combat growing cyber risks in Singapore and Hong Kong.

By Catherine Knowles • 3 min read • Thu, 16th Jan 2025

Data Protection

UK unveils bold plan to tackle cybercrime with new rules

The UK Government has unveiled plans to tackle cybercrime, proposing a ban on ransomware payments for public bodies and a new reporting framework.

By Melania Watson • 3 min read • Wed, 15th Jan 2025

Data Protection

Why companies must rethink their recovery plans

As cyberattacks escalate, a recent survey reveals that many firms struggle to recover fully from data breaches due to inadequate backup strategies.

By Jon Fielding • 5 min read • Thu, 12th Dec 2024

Ransomware

Ransomware payments rise to AUD $1.35m for Australian firms

New research reveals that Australian firms now face an average ransomware payment of AUD $1.35 million, highlighting an alarming rise in cyber extortion.

By Shannon Williams • 3 min read • Thu, 28th Nov 2024