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Cyber insurance stories

Cybersecurity spend to surpass $200B as risks surge
Software-as-a-Service

Cybersecurity spend to surpass $200B as risks surge

Global cybersecurity spending is set to exceed USD $200 billion in 2024 as firms boost defences against rising cyber threats amid digital growth.

By Jed Nykolle Harme • 5 min read • Thu, 15th May 2025
Survey shows enterprises shift towards software-driven pentesting
DevOps

Survey shows enterprises shift towards software-driven pentesting

Over 50% of enterprises now use software-driven penetration testing as their primary method to identify IT vulnerabilities, reveals Pentera survey.

By Shannon Williams • 3 min read • Thu, 8th May 2025
Google Cloud unveils AI-powered Unified Security platform at Next 25
Data Protection

Google Cloud unveils AI-powered Unified Security platform at Next 25

Google Cloud has unveiled Gus, an AI-driven Unified Security platform, at Next 25, aimed at helping security teams tackle evolving cyber threats.

By Sean Mitchell • 5 min read • Thu, 10th Apr 2025
Chris Bell joins Sophos as Senior VP for Channel Alliances
Firewalls

Chris Bell joins Sophos as Senior VP for Channel Alliances

Sophos has appointed Chris Bell as Senior Vice President of Global Channel Alliances, aiming to enhance partner relationships and channel strategy.

By Melvin Hipolito • 3 min read • Wed, 9th Apr 2025
N-able expands integrations to enhance cybersecurity suite
Advanced Persistent Threat Protection

N-able expands integrations to enhance cybersecurity suite

N-able has unveiled new integrations in its Technology Alliance Program, enhancing tools for partners to boost cybersecurity and operational efficiency.

By Kaleah Salmon • 3 min read • Tue, 8th Apr 2025
SonicWall launches SonicSentry MXDR for managed service providers
Firewalls

SonicWall launches SonicSentry MXDR for managed service providers

SonicWall has unveiled SonicSentry MXDR, a managed detection and response service designed to bolster cybersecurity for managed service providers and their clients.

By Melania Watson • 4 min read • Mon, 31st Mar 2025
HITRUST report shows improved outcomes for 2025 with AI
Breach Prevention

HITRUST report shows improved outcomes for 2025 with AI

The latest HITRUST Trust Report reveals a drop in cyber incident rates to 0.59% in 2024, highlighting the efficacy of certification in enhancing security outcomes.

By Kaleah Salmon • 3 min read • Mon, 24th Feb 2025
Healthcare tops data breach incidents in 2024, surpassing finance
Ransomware

Healthcare tops data breach incidents in 2024, surpassing finance

Kroll's latest report reveals the healthcare sector was the most targeted by data breaches in 2024, accounting for 23% of all incidents, surpassing finance.

By Kaleah Salmon • 3 min read • Fri, 21st Feb 2025
KnowBe4 platform promises up to 400% return on investment
Ransomware

KnowBe4 platform promises up to 400% return on investment

A report by Hobson & Company reveals that organisations using KnowBe4's HRM platform can achieve a ROI of 200% to 400% within just 3.5 months.

By Melania Watson • 4 min read • Fri, 21st Feb 2025
KnowBe4 report links cyber insurance to security needs
EduTech

KnowBe4 report links cyber insurance to security needs

KnowBe4 research reveals the average cost of a data breach rose to USD $4.88 million, underscoring the urgent need for enhanced cybersecurity strategies.

By Shannon Williams • 3 min read • Thu, 23rd Jan 2025
AI reshapes cybersecurity, drives 2025 hyper-automation
Biometrics

AI reshapes cybersecurity, drives 2025 hyper-automation

The 2024 surge in AI-driven cybersecurity has transformed threat detection, but emerging AI-led attacks pose new risks as firms brace for 2025 advancements.

By Shannon Williams • 3 min read • Thu, 23rd Jan 2025
Ransomware attacks soared in 2024, new groups emerge
Ransomware

Ransomware attacks soared in 2024, new groups emerge

ReliaQuest's latest analysis reveals a 43% rise in ransomware victims in Q4 2024, with 13 new groups emerging, including Akira, which named 71 victims in December.

By Shannon Williams • 3 min read • Fri, 17th Jan 2025

Stories from Other Regions

Cyber insurance stories

Rise in AI-driven cyberattacks prompts urgent action for SMEs
Ransomware

Rise in AI-driven cyberattacks prompts urgent action for SMEs

Two thirds of global firms saw a rise in cyberattacks last year, with AI-driven threats and lack of expertise raising security concerns, says Hiscox report.

By Shannon Williams • 4 min read • Mon, 5th May 2025
Australian firms risk cyber breaches as machine identities soar
Phishing

Australian firms risk cyber breaches as machine identities soar

A CyberArk report reveals Australian firms face rising cyber risk as machine identities outnumber humans 79 to 1, yet many remain unsecured amid lagging priorities.

By Melania Watson • 4 min read • Wed, 30th Apr 2025
Cyber Threat Insure launches new model for MSPs in Aust
Ransomware

Cyber Threat Insure launches new model for MSPs in Aust

Cyber Threat Insure unveils a pioneering cyber liability insurance model for Managed Service Providers, with IT First Responder as its inaugural partner.

By Shannon Williams • 3 min read • Fri, 18th Apr 2025
QBE report reveals emerging challenges for Singapore SMEs
Breach Prevention

QBE report reveals emerging challenges for Singapore SMEs

QBE Insurance's annual SME surveys reveal challenges for small and medium-sized enterprises in Singapore and Hong Kong, highlighting rising costs and AI adoption concerns.

By Shannon Williams • 3 min read • Wed, 19th Feb 2025
WTW launches CyCore Asia for enhanced cyber coverage
Unified Communications

WTW launches CyCore Asia for enhanced cyber coverage

WTW has launched CyCore Asia, a new cyber insurance facility offering up to USD $15,000,000 in coverage to combat growing cyber risks in Singapore and Hong Kong.

By Catherine Knowles • 3 min read • Thu, 16th Jan 2025
UK unveils bold plan to tackle cybercrime with new rules
Data Protection

UK unveils bold plan to tackle cybercrime with new rules

The UK Government has unveiled plans to tackle cybercrime, proposing a ban on ransomware payments for public bodies and a new reporting framework.

By Melania Watson • 3 min read • Wed, 15th Jan 2025