cyber risk News
AI-Driven Threats Driving Spending Plans: AXIS
Nearly 82% of executives surveyed by AXIS Capital Holdings Limited said their organizations plan to increase their cybersecurity budgets over the next 12 months, while ...
Ransomware Attackers ‘More Systematic,’ Claims Become Costlier: Report
A portfolio claims analysis shared by Resilience, a cyber risk solutions company, showed the year-over-year average cost of individual ransomware attacks rose by 17 percent in the first half of 2025. ...
Reputation Risk Can Overshadow Ransom in Cyber Attacks, Aon Says
The cost of a cyber attack extends far beyond any immediate mitigation expenses or ransoms paid. Reputational costs and dipping stock values can be a significant portion of losses, according to the ...
Beazley Report: U.S. Executives Misjudge Cyber Preparedness
U.S.-based executives feel more prepared to counter cyber threats, potentially indicating a false sense of security because many companies lack the ability to be adequately prepared, according to a ...
Breached Organizations Spend More on Cyber Resilience
Organizations that have endured cyber incidents in the past don't want to get burned again, according to a newly released survey by cyber resilience and data protection solutions firm CommVault. ...
CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers
The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years.
Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be ...
Zurich, Marsh McLennan Call for Public Partnerships to Close Cyber Gaps
A new report from Marsh McLennan and Zurich titled "Closing the cyber risk protection gap" is calling for a closer collaboration between the insurance industry and the public sector as cyber ...
W. Va. Commish to Destroy Older Workers Comp Files, Citing Cyber Risk
The West Virginia insurance commissioner's office has adopted a new policy: It will soon begin destroying workers compensation claim files that are 10 years old or older. "Given increasing ...
How Do Insurers Define Systemic Cyber Risk?