Tag: #cyberinsurance
Cyber insurance claims data offers a rare view into what truly fails and what actually works during a cyber incident. In the first half of 2025, phishing-related attacks were responsible for 49% of all cyber insurance payouts, up sharply from 18% in 2024. Business interruption costs accounted for nearly 40% of total insured losses, often […]
As cyber threats escalate, businesses now face unprecedented financial and operational risks. Cyberattacks—ranging from hacking and ransomware to data breaches—are not only becoming more frequent but also increasingly severe. Attackers often impersonate vendors, partners, or executives to deceive employees into transferring funds or leaking sensitive information. With the stakes higher than ever, cyber insurance has […]
The healthcare sector has consistently suffered the highest data breach costs, averaging $10.1 million in 2024, marking the twelfth consecutive year of costly incidents. Breaches often involve sensitive data and can take up to 213 days to detect and contain, leading to severe financial, regulatory, and reputational consequences. Small healthcare providers, such as clinics, wellness […]