Cyber insurance stories - Page 3

Australian and New Zealand businesses face tougher cyber insurance rules, needing six security controls versus a global average of five amid rising cyber threats.

SonicWall launches its Generation 8 platform with nine new firewalls and an embedded cyber warranty covering up to USD $200,000 for enhanced MSP cybersecurity services.

Despite 97% of Australian firms having cyber incident plans, 76% faced major disruptions last year, revealing a gap between readiness on paper and in action.

Coalition has launched incident response operations in Australia, appointing Praneil Kumar to lead local cybersecurity efforts and support businesses against digital threats.

OT cyber incidents could cause up to USD $329.5 billion in global losses, with business interruption making up over half of the projected impact, says a new report.

A new report warns OT cyber incidents could cost USD $329.5 billion, urging firms to boost security controls and improve risk management practices.

ManageEngine’s Endpoint Central saved users $4.5 million with a 442% ROI and payback in under six months, per Forrester’s three-year economic impact study.

Upcover partners with Coalition to launch a digital cyber insurance platform, swiftly protecting Australian SMBs and startups with tailored coverage online.

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.