Cyber insurance has been profitable for US property and casualty (P&C) insurers for several years but recent growing losses tied to network intrusions, phishing incidents and denials of service will likely increase claims volume and average cost per claim going forward according to a recent report by Fitch Ratings.
Most organisations (85%) are more concerned about ransomware than other cyber threats according to Fortinet 2021 Global State of Ransomware report released in September 2021.
Satellites are the backbone of our daily lives and this makes them an increasingly attractive target for cyber hackers, according to Hiscox Global Insights.
Over 59% of 1200 US business leaders say they worry some or a great deal about cyber threats as compared to medical cost inflation (53%) and increasing employee benefit costs (53%) according to 2021 Travelers Risk Index.
Cyber security will be the number one threat facing organisations in 2022, with climate change also a growing risk according to a new research by the Chartered Institute of Internal Auditors (Chartered IIA). This is the fourth year running that cyber security has topped the annual rankings.
The COVID-19 pandemic has reordered the cyber risk landscape and caused economic and insured losses from cyber to skyrocket, says S&P Global Ratings (S&P).
A new global study has revealed that 71% of organisations in India attribute recent business-impacting cyber attacks to vulnerabilities in technology put in place in response to the pandemic.
Ransomware threats are becoming more frequent and threat actors more sophisticated according to a new study by cyber risk and response company NetDiligence.
Australia registered a 13% surge in cyber crime during the period 1 July 2020 to 30 June 2021 according to the second annual report of Australian Cyber Security Centre (ACSC).
Spending on security solutions and services in Asia Pacific, excluding Japan, is expected to grow at 14% in 2021 according to the latest International Data Corporation (IDC) Worldwide Semi-annual Security Spending Guide.