Cyber insurance stories
'Shadow AI' misuse by staff has surged as a top cyber threat for New Zealand firms, fuelling rising losses and extortion pressures.
Ransomware hit manufacturers hardest in 2025 as incidents climbed 56 per cent, with ageing factory systems and suppliers widening exposure.
Many SMEs face repeat disruption after paying ransomware gangs, with insurers warning that restored access often still means costly system rebuilds.
Small firms are still being hit by basic security failures, with SonicWall saying attacks on them rose 20.8% to more than 13 billion hits.
Rising cyber losses are leaving small firms exposed, with only about 10% of SMEs worldwide covered despite claims support that can cover 70% of costs.
Many firms still lack recoverable copies of critical data as ransomware increasingly targets cloud and SaaS systems, experts warn.
Managed service providers could spot missing protections and wasted licences sooner as the new engine pulls data from existing security tools.
Cork Cyber unveils an AI-driven asset analysis engine for MSPs, tackling zombie assets, coverage gaps and licence waste across client estates.
Kroll warns boards are overestimating cyber resilience as attacks cost firms an average USD $2.2 million a year and response plans lag reality.
Black Kite weaves Open FAIR into its platform to automate financial loss estimates in third-party cyber risk assessments and reviews.
Nozomi again lands in Gartner's Leaders quadrant for CPS protection, topping four key use cases in the 2026 Critical Capabilities report.
Tech Mahindra and Rubrik roll out AI-led cyber recovery service to speed clean data restoration and cut downtime after ransomware attacks.
Ransomware drives over half of UK cyber incidents as data loss surges, with healthcare, retail and complex supply chains hardest hit.
Many organisations overestimate their ability to recover from ransomware, as 57% of Irish respondents reported at least one attack in two years.
Nearly 612,000 firms were hit last year, underscoring a gap in basic defences as phishing and ransomware drive growing losses.
Rising ransomware and outage costs are pushing businesses to treat backup as a board-level priority, boosting demand for recovery services.
Cyber insurer Converge taps KYND's risk intelligence to scale US digital underwriting while chasing profitable cyber insurtech growth.
OpenText rolls out its revamped Secure Cloud in Australia, targeting MSPs with unified security, backup and local AUD $ billing tools.
Delta launches zero-deductible cyber cover in Singapore, promising instant quotes via a five-point digital assessment for SMEs across Asia.
KYND appoints Aaron Aanenson to spearhead its North American cyber insurance push, targeting sharper SME risk assessment and underwriting.