Cyber insurance stories - Page 2

Digimune and MY CYBER GUARD have teamed up to launch an Australian identity protection service for households and small businesses.

Hong Kong CFOs now prioritise cyber resilience as cyberattacks increasingly risk financial stability, compliance and corporate reputation across sectors.

Ransomware attacks in Australia and New Zealand spike during holidays and weekends, exploiting reduced cybersecurity staffing to disrupt organisations.

Identity security is now crucial for organisations to secure affordable cyber insurance, with 97% seeing its impact on premiums or coverage in the past year.

Firevault partners with Sona Insurance Solutions to provide UK firms with offline data storage, enhancing protection against rising cyber threats and insurer demands.

Spektrum Labs forecasts seven major trends to reshape cyber insurance by 2026, highlighting shifts in leadership, pricing, and technology use across the market.

Cyber insurance premiums for UK firms surge as insurers demand stronger identity controls and reward AI adoption to curb rising claims and risks.

Most cyberattacks on New Zealand businesses go unreported, with NSP warning ransom payments are more common than widely known, exposing firms to hidden risks.

US enterprises lost USD $48.1 billion over five years due to delayed cyberattack responses, with average investigations taking 8.6 hours costing nearly USD $9 million yearly.

By 2026, firms will face AI-driven cyber threats, complex supply chain risks, and fragmented global rules, requiring real-time compliance and board-level oversight.

Sydney-based insurtech Upcover earns global praise for its AI-driven business insurance platform, expanding fast across Australia and New Zealand.

Cyber insurance now demands transparency and collaboration, with firms needing to prove measurable risk reduction amid rising supply chain cyber threats.

Australian businesses face rising ransomware threats amid a 16% surge in cyber attack reports, exposing widespread unpreparedness and urging urgent security reforms.

Cork Cyber launches Vantage, a platform offering MSPs unified cyber risk intelligence to enhance resilience and ensure business continuity amid evolving threats.

Average ransomware payments in Australia have halved to AUD $711,000 as businesses become more prepared and less willing to pay ransoms after attacks.

UK firms face growing cyber risks and errors from spreadsheet reliance, urging a shift to more secure, collaborative business planning tools.

India’s fintech sector readies for a decade of innovation, with AI, embedded finance, wealth inclusion, and cyber resilience driving growth through 2026.

By 2026, AI will revolutionise banking and insurance, with over half of younger adults using generative AI for financial advice, says Forrester report.

Cyber resilience is now a critical CFO challenge, with cybersecurity failures directly impacting Australian companies' financial health and regulatory compliance.

Autoleague has enhanced security by adopting BeyondTrust's privileged access management to safeguard passwords and remote system access across Australia.