Cyber insurance stories - Page 3

Spektrum Labs forecasts seven major trends to reshape cyber insurance by 2026, highlighting shifts in leadership, pricing, and technology use across the market.

US enterprises lost USD $48.1 billion over five years due to delayed cyberattack responses, with average investigations taking 8.6 hours costing nearly USD $9 million yearly.

By 2026, firms will face AI-driven cyber threats, complex supply chain risks, and fragmented global rules, requiring real-time compliance and board-level oversight.

Cork Cyber launches Vantage, a platform offering MSPs unified cyber risk intelligence to enhance resilience and ensure business continuity amid evolving threats.

By 2026, AI will revolutionise banking and insurance, with over half of younger adults using generative AI for financial advice, says Forrester report.

Generative AI boosts phishing and smishing attacks, forcing businesses to rethink security as AI-driven threats outpace traditional defences and SOC teams.

NCC Group's new report reveals a global shift from cyber compliance to resilience, urging businesses to adopt long-term, adaptive governance amid rising offensive cyber threats.

Ransomware attacks hit a record in Q3 2025 as new alliances broaden targets to sectors like healthcare and critical infrastructure worldwide.

SonicWall launches its Generation 8 platform with nine new firewalls and an embedded cyber warranty covering up to USD $200,000 for enhanced MSP cybersecurity services.

OT cyber incidents could cause up to USD $329.5 billion in global losses, with business interruption making up over half of the projected impact, says a new report.

A new report warns OT cyber incidents could cost USD $329.5 billion, urging firms to boost security controls and improve risk management practices.

ManageEngine's Endpoint Central saved users $4.5 million with a 442% ROI and payback in under six months, per Forrester's three-year economic impact study.

Nearly half of enterprises remain unprepared for cybersecurity risks posed by quantum computing, with mid-sized firms most vulnerable, Keyfactor research reveals.

Qantas's robust data management at least identified a recent breach via a third party, protecting sensitive customer information amid rising cyber threats.

Spectra launches a cyber resilience certification for MSPs, backed by a specialist advisory board to improve cybersecurity and insurance outcomes.

A SecurityScorecard survey reveals 88% of cybersecurity leaders worry about supply chain risks, yet most firms lack effective active defence measures.

SonicWall launches a cybersecurity suite for MSPs featuring next-gen firewalls, cloud-native platform, managed services and a cyber warranty up to USD $2 million.

Ransomware attacks in Australia surged in 2023–24, costing businesses up to AUD $97,200 on average, urging firms to bolster cyber defences and response plans.

Arctic Wolf launches Incident360 Retainer, blending proactive readiness with full incident response, promising up to 70% savings on major cyberattack recovery costs.

Global cybersecurity spending is set to exceed USD $200 billion in 2024 as firms boost defences against rising cyber threats amid digital growth.