Cyber insurance Stories - Page 14

Global Stories

Cyber insurance stories

Survey: investments in cybersecurity needed for insurance

Nearly all companies with cyber insurance have bolstered cybersecurity to meet policy terms, yet recovery costs from attacks, averaging USD $2.73 million, outstrip coverage.

By Shannon Williams • 3 min read • Mon, 1st Jul 2024

Firewalls

Survey shows 76% of firms boost cyber defences for insurance

Some 76% of firms bolstered cyber defences to secure insurance, though many remain unclear on coverage specifics amid rising attack recovery costs.

By Shannon Williams • 3 min read • Fri, 28th Jun 2024

DevOps

AttackIQ and Trium Cyber partner to grow security solutions

AttackIQ has partnered with Trium Cyber to provide policyholders with AttackIQ Flex, aiming to boost cybersecurity maturity and mitigate risks.

By Melania Watson • 3 min read • Fri, 21st Jun 2024

Breach Prevention

CrowdStrike launches Falcon for Insurability to aid cyber insurers

CrowdStrike's new Falcon for Insurability initiative aims to lower underwriting risks for cyber insurers and enhance organisations' cyber resilience using AI-powered defences.

By Imee Dequito • 3 min read • Fri, 7th Jun 2024

Advanced Persistent Threat Protection

Survey reveals gaps in IT security training across firms

A survey by Hornetsecurity shows 26% of organisations lack IT security training, urging better preparedness against rising AI-driven cyber threats.

By Shannon Williams • 4 min read • Fri, 7th Jun 2024

Risk & Compliance

BforeAI launches PreCrime Guarantee offering tenfold reimbursements

Cybersecurity firm BforeAI launches PreCrime Guarantee, pledging up to ten times reimbursement of service contracts if their AI fails to prevent a cyberattack.

By Shannon Williams • 3 min read • Thu, 30th May 2024

Firewalls

MSP survey: cybersecurity skills shortage & technology updates lead challenges

Sophos' MSP Perspectives 2024 survey reveals that keeping up with the latest cybersecurity technologies is the top challenge for MSPs, according to 39% of respondents.

By Catherine Knowles • 3 min read • Thu, 30th May 2024

Ransomware

Rise in ransomware accelerates cyber insurance adoption

Arctic Wolf's Cybersecurity Report reveals a rise in ransomware and Business Email Compromise attacks, pushing global firms towards increased cyber insurance.

By Shannon Williams • 3 min read • Thu, 23rd May 2024

Cybersecurity

Arctic Wolf introduces Cyber Resilience Assessment tool

Security operations firm, Arctic Wolf rolls out Cyber Resilience Assessment tool to strengthen companies' cybersecurity profiles and insurability by aligning them to industry-standard frameworks.

By Catherine Knowles • 3 min read • Thu, 9th May 2024

Multi-factor authentication

AI-driven cyberattacks and defences to create a battle of algorithms in 2024

In 2024, it's clear that cybersecurity will remain a top priority for organisations and governments worldwide.

By Joseph Carson • 6 min read • Tue, 23rd Jan 2024

EduTech

Businesses challenged by supply chain cybersecurity threats

97% of UK firms face ongoing supply chain cyber threats, enduring negative impacts in the past year, reveals BlueVoyant.

By Shannon Williams • 3 min read • Thu, 21st Dec 2023

Data Protection

Australian business increasingly seek cybersecurity services

Cybersecurity firm Tesserent reports a notable rise in demand for services from Australian company directors and boards.

By Shannon Williams • 3 min read • Thu, 14th Dec 2023

Physical Security

75% of critical infrastructure sectors faced ransomware attacks, reveals Claroty

Research by cybersecurity firm Claroty reveals 75% of critical infrastructure sectors experienced ransomware attacks in the past year.

By Imee Dequito • 3 min read • Thu, 7th Dec 2023

Quantum Computing

2024 set to bring uncertainty when it comes to cybersecurity

Darren Humphries, Acora's CISO, discusses cybersecurity challenges in 2024, spotlighting AI threats and strategies.

By Shannon Williams • 3 min read • Wed, 6th Dec 2023

Ransomware

Why Whac-A-Mole is not a strategy for defending against ransomware attacks

SMBs should also consider strong personnel practices and awareness to implement a better defensive strategy than Whac-A-Mole.

By Mark Gorrie • 4 min read • Thu, 23rd Nov 2023

Stories from Other Regions

Cyber insurance stories

EduTech

Small UK businesses face cyber security challenges & solutions

UK firms reported 2.39 million cybercrimes in 2023, with small businesses facing unique challenges. Markel Direct's Rob Rees outlines key strategies for protection.

By Catherine Knowles • 3 min read • Mon, 8th Jul 2024

Leadership

UK IT leaders express dissatisfaction with cyber insurance options

A Coalition study reveals 87.6% of UK's mid-sized business IT leaders have faced cyber-attacks, voicing concerns about current insurance offerings' efficacy.

By Catherine Knowles • 3 min read • Thu, 27th Jun 2024

Small Business

IAG launches Cylo to boost cyber resilience for small businesses

IAG debuts Cylo, a cyber underwriting agency supported by CGU, to enhance cyber resilience for small Australian businesses with revenues up to AUD $10 million.

By Kaleah Salmon • 2 min read • Thu, 23rd May 2024