Cyber insurance stories - Page 2

APAC faces a 29% rise in AI-driven cyber attacks, with 98% of risk leaders feeling unprepared to tackle the surge in fraud and tech disruptions.

Nearly half of enterprises remain unprepared for cybersecurity risks posed by quantum computing, with mid-sized firms most vulnerable, Keyfactor research reveals.

Fiji now has the Pacific’s first managed security service aligned with the updated Australian Signals Directorate ISM, enhancing cyberdefence for local businesses.

Qantas's robust data management at least identified a recent breach via a third party, protecting sensitive customer information amid rising cyber threats.

A Managed Protection Service Suite helps MSPs scale their businesses efficiently while enhancing security and customer service for SMB clients.

Spectra launches a cyber resilience certification for MSPs, backed by a specialist advisory board to improve cybersecurity and insurance outcomes.

A SecurityScorecard survey reveals 88% of cybersecurity leaders worry about supply chain risks, yet most firms lack effective active defence measures.

Arctic Wolf has doubled its ANZ partner network, naming REDD, CSW-IT, and Ethan Global as 2025 Partner of the Year award recipients.

Digimune teams with AWN Insurance to launch comprehensive cyber risk protection across Australia for individuals and businesses amid rising digital threats.

Sophos has teamed up with Capsule to simplify cyber insurance for SMBs, offering discounted premiums linked to Sophos cybersecurity solutions via MSPs.

SonicWall launches a cybersecurity suite for MSPs featuring next-gen firewalls, cloud-native platform, managed services and a cyber warranty up to USD $2 million.

Ransomware attacks in Australia surged in 2023–24, costing businesses up to AUD $97,200 on average, urging firms to bolster cyber defences and response plans.

Google Cloud expands its Risk Protection Program to Australia, partnering with Beazley and Chubb to tackle rising cyber threats and meet regulatory demands.

Arctic Wolf launches Incident360 Retainer, blending proactive readiness with full incident response, promising up to 70% savings on major cyberattack recovery costs.

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

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

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.

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.

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

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