Cyber insurance stories
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.
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.
Andrew Eva of Assured Data Protection predicts significant advancements in backup and cybersecurity by 2025, highlighting ransomware as a major threat.
By 2025, data governance, AI, and multi-factor authentication will become crucial as firms navigate increasing regulatory pressures and cybersecurity threats.
As 2024 ends, businesses must prepare for turbulent shifts in cybersecurity, including AI's role and the threats posed by quantum computing.
ReliaQuest's latest report reveals a significant rise in phishing attacks, accounting for 46% of incidents, amid increased cyber threats and ransomware activity.
Bitdefender has launched a cybersecurity breach warranty programme, offering up to USD $1 million for businesses using its managed detection and response services.
Trustwave and Cybereason announce a merger to enhance cybersecurity solutions, with SoftBank as the majority investor, set to close in early 2025.
A recent Guardz survey reveals 77% of MSPs face operational hurdles managing multiple cybersecurity tools for small business clients.
A Fortinet report reveals that nearly 70% of organisations find their staff lack basic security awareness, amid rising AI-driven cyber threats.
Kaseya's 2024 Cybersecurity Survey reveals human behaviour as the top concern for IT professionals, affecting 89% of respondents amid rising cyber threats.
BeyondTrust's cybersecurity forecast for 2025 predicts a transformative shift as emerging identity risks and quantum threats reshape security strategies.
Ransomware activity rose by 2.3% in Q3 2024, with 'RansomHub' overtaking 'LockBit' as the most active group, according to ReliaQuest's latest report.
The UK Government has unveiled plans to tackle cybercrime, proposing a ban on ransomware payments for public bodies and a new reporting framework.
As cyberattacks escalate, a recent survey reveals that many firms struggle to recover fully from data breaches due to inadequate backup strategies.
New research reveals that Australian firms now face an average ransomware payment of AUD $1.35 million, highlighting an alarming rise in cyber extortion.
A new study reveals that 23% of UK SMEs view remote working as a significant cybersecurity risk, with many unprepared for potential cyber-attacks.
A study reveals just two out of 41 UK councils have cyber insurance, raising concerns over data security amid rising cyber threats and breaches.
Coalition enhances its Australian team with the addition of three cybersecurity experts, bolstering efforts to protect local SMEs from digital risks.
By 2025, cybersecurity will face new regulatory pressures, with businesses compelled to adopt robust AI governance and enhance resilience against evolving threats.