Cyber insurance stories

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.

Generative AI boosts phishing and smishing attacks, forcing businesses to rethink security as AI-driven threats outpace traditional defences and SOC teams.

NCC Group's new report reveals a global shift from cyber compliance to resilience, urging businesses to adopt long-term, adaptive governance amid rising offensive cyber threats.

Coalition has named Trent Nihill as General Manager to drive growth in its Australian cyber insurance sector, leveraging his 15 years of specialist experience.

Ransomware attacks hit a record in Q3 2025 as new alliances broaden targets to sectors like healthcare and critical infrastructure worldwide.

Acronis teams up with CyberCert to help Australian MSPs streamline SMB cybersecurity certification via a unified platform meeting SMB1001 standards.

Cyber insurance among Australian small businesses has surged 50% amid rising cybercrime threats, with incidents costing an average of AUD $49,600 each.

Experts stress that identity security and unified data visibility are crucial to boosting cyber resilience amid rising AI and machine identity risks in 2025.

Omada launches Cloud Application Gateway to extend identity governance across hybrid IT, boosting security without firewall changes or custom integration.

Australian firms face escalating AI-driven cyber attacks and supply chain risks, challenging traditional defences in Aon's 2025 Cyber Risk Report.

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.