ransomware News
Ransomware Claims Stabilized in 2024, Though Still the Costliest Cyberattack
The majority of cyber insurance claims in 2024 were the result of business mail compromise or funds transfer fraud, according to digital risk insurance provider Coalition. The San Francisco-based ...
Despite Decline in Cyber Breaches, Middle Market Firms Must Remain Vigilant: Survey
New data cautions that though cyber breaches have fallen significantly, after reaching a record-high of 28 percent in 2024, middle market companies must remain diligent in their cybersecurity ...
Cyber Insurance Premiums Expected to Soar: Report
The global cyber insurance market is projected to reach approximately $16.3 billion in premiums by 2025, according to a newly published report: "Cyber Insurance - Risks and Trends 2025" by Munich Re. ...
Remote Access Tools, Supply Chain Key Drivers of Cyber Claims: Report
Ransomware incidents continue to increase in frequency and severity, with attacks rising 20 percent in 2024 and VPNs seen as the biggest contributor, according to a new report by insurance security ...
Third Party Risk Dominant Driver of Cyber Insurance Claims
New analysis shows vendor risk driving financial losses, making up nearly a quarter of material claims in 2024, according to cyber risk company Resilience. Third-party risk emerged as a dominant ...
Study: Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments
New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business ...
Report: Cybercrime ‘A Thriving Business’ as U.S. Claims Frequency Rises
Cyber claims frequency in the U.S. rose 13 percent last year, a new report shows. According to Coalition's 2024 Cyber Claims Report, cybercrime is "a thriving business that adversely impacts" the ...
Businesses Threatened by Rising Cyber Attacks
Cyber attacks on businesses are rising, including small businesses. It's a troubling trend because a breach can be very costly and time consuming if owners don't have a plan to deal with one. ...
UnitedHealth Offers Over $3.3B in Loans to Providers Hit by Cyber Attack on Unit
UnitedHealth Group said on Wednesday it has advanced more than $3.3 billion in loans to care providers impacted by a cyber attack on the U.S. healthcare conglomerate's tech ...