Cyber insurance stories

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.

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

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.

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.

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

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

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.

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

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

A new study reveals that 23% of UK SMEs view remote working as a significant cybersecurity risk, with many unprepared for potential cyber-attacks.

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 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.

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.