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Cyber insurance Stories - Page 11

Global Stories

Cyber insurance stories

Gap in cyber preparedness between Australia, UK, & US
Ransomware

Gap in cyber preparedness between Australia, UK, & US

A new report reveals that only 50% of Australian executives feel their businesses can handle cyber threats, compared to 84% in the UK and US.

By Shannon Williams • 3 min read • Thu, 17th Oct 2024
Survey reveals CISO job anxiety amid security concerns
Firewalls

Survey reveals CISO job anxiety amid security concerns

A survey shows 99% of CISOs at large enterprises fear job loss after breaches, as they confront evolving cyber threats and inadequate security measures.

By Shannon Williams • 2 min read • Fri, 11th Oct 2024
Cohesity report: firms overconfident in cyber resilience abilities
Ransomware

Cohesity report: firms overconfident in cyber resilience abilities

A new Cohesity survey reveals a stark reality: 67% of firms suffered ransomware attacks in 2024 despite 78% having confidence in their cyber resilience.

By Catherine Knowles • 4 min read • Fri, 16th Aug 2024
CrowdStrike outage highlights tech flaws: experts demand better cybersecurity
Disaster Recovery

CrowdStrike outage highlights tech flaws: experts demand better cybersecurity

The recent CrowdStrike outage, affecting 8.5 million devices globally, has raised urgent calls for improved cybersecurity measures and rigorous software testing.

By Kaleah Salmon • 3 min read • Wed, 7th Aug 2024
Acronis True Image returns with enhanced cybersecurity features
Storage

Acronis True Image returns with enhanced cybersecurity features

Acronis reintroduces True Image with superior cybersecurity, tackling modern threats and offering an all-in-one backup solution for home users.

By Sean Mitchell • 2 min read • Thu, 18th Jul 2024
Cysurance & Sophos expand cyber protection program to Australia
Firewalls

Cysurance & Sophos expand cyber protection program to Australia

Cysurance partners with Sophos to bring its successful US cyber protection program to Australia, offering enhanced ransomware protection and cyber-insurance policies.

By Catherine Knowles • 3 min read • Mon, 15th Jul 2024
Aon & SentinelOne team up to battle cyber threats
Unified Communications

Aon & SentinelOne team up to battle cyber threats

Global cost of cyber breaches may hit USD $23.84 billion by 2027, prompting Aon and SentinelOne to form a strategic alliance, enhancing cyber insurance processes.

By Imee Dequito • 3 min read • Fri, 12th Jul 2024
Survey: investments in cybersecurity needed for insurance
Firewalls

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
Survey shows 76% of firms boost cyber defences for insurance
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
AttackIQ and Trium Cyber partner to grow security solutions
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

Stories from Other Regions

Cyber insurance stories

Australian law mandates reporting of ransomware payments
Ransomware

Australian law mandates reporting of ransomware payments

Australia proposes cyber security legislation mandating companies to report ransomware payments, aiming to enhance transparency amidst rising cyber threats.

By Shannon Williams • 3 min read • Tue, 15th Oct 2024
Australian cybersecurity roles increasingly stressful, says ISACA survey
Marketing Technologies

Australian cybersecurity roles increasingly stressful, says ISACA survey

Australian cybersecurity professionals face rising job stress amid increased threats and low budgets, with 53% anticipating a cyberattack within a year.

By Catherine Knowles • 3 min read • Fri, 4th Oct 2024
Blackpanda secures USD $6.7m to boost Asia's cyber defence
Unified Communications

Blackpanda secures USD $6.7m to boost Asia's cyber defence

Blackpanda raises USD $6.7 million to boost its cyber emergency services across Asia, enhancing its IR-1 solution and scaling operations.

By Catherine Knowles • 3 min read • Thu, 3rd Oct 2024
Ransomware trends: A threat to insurance business continuity
Malware

Ransomware trends: A threat to insurance business continuity

The evolving ransomware threat is jeopardising business continuity, prompting firms to reassess their cybersecurity and insurance strategies amidst rising attacks.

By Raj Sivaraju • 3 min read • Tue, 13th Aug 2024
Australian firms overestimate cyber resilience as attacks rise
Ransomware

Australian firms overestimate cyber resilience as attacks rise

Australian companies overestimate their cyber resilience amid rising attacks, with 60% having faced ransomware recently and many willing to pay ransoms.

By Sean Mitchell • 4 min read • Tue, 30th Jul 2024
Cyberattack concerns grow among Singapore & Malaysia firms
Ransomware

Cyberattack concerns grow among Singapore & Malaysia firms

New research reveals alarming cyberattack trends in Singapore and Malaysia, with many companies resorting to paying ransoms.

By Melania Watson • 4 min read • Tue, 16th Jul 2024
Small UK businesses face cyber security challenges & solutions
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
UK IT leaders express dissatisfaction with cyber insurance options
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