Guardio raises $40 mn at $1.1 bn valuation, reaches unicorn status
Consumer cybersecurity company Guardio raised $40 mn at a $1.1 bn valuation, reaching unicorn status as it expands protection against AI-driven scams
Cyber Insurance News
Beelzebub raises €3 mn in seed funding to expand AI cybersecurity platform
Beelzebub raised €3 mn in seed funding led by United Ventures to expand its AI cybersecurity platform, research team and US operations
Howden Re and Synthetik launch UNREST model for civil unrest risk
Howden Re and Synthetik launched UNREST, a property-level model for measuring strikes, riots and civil commotion exposure and potential insured losses
Thomson Reuters C-Track cyber incident affects US and Canadian courts
Thomson Reuters disclosed a C-Track cybersecurity incident affecting court systems across 11 US states, the US Virgin Islands and Canada
FBI probes possible ID verification breach exposing license scans
The FBI is investigating a possible breach involving more than 160 mn North American driver’s license records advertised on a cybercrime forum
Autonomous AI agents challenge traditional cyber insurance definitions
Traditional cyber policies often assume malicious activity originates with a person or organized group, while an autonomous AI agent might initiate harmful actions
Global cyber insurance rates fall globally
Swiss Re data shows global cyber insurance rates declined for a fourth consecutive year in 2026, though the pace of reduction slowed
Apollo Global Management data breach exposes personal information
Apollo Global Management reported a July cyberattack that exposed personal data, including Social Security numbers, after unauthorized cloud access
Munich Re to acquire cyber insurtech At-Bay for $575 mn
Munich Re agreed to acquire US cyber InsurTech At-Bay for $575 mn, expanding HSB’s cyber insurance and managed security business
Comcast $117.5 mn data breach settlement wins federal approval
A federal judge approved Comcast’s $117.5 mn data breach settlement covering 31.7 mn potential class members affected by the 2023 Citrix breach
US telecom data center links exposed Salt Typhoon risks
House China panel says US telecom links to data centers left carriers exposed to Salt Typhoon and Chinese state-owned infrastructure
Cowbell launches OMNI for AI-native specialty insurance
Cowbell launches OMNI, an AI-native decision system for specialty insurance underwriting, claims, cyber services and product development
Cyber and climate risks reshape insurance priorities
Cyber incidents, climate losses and liability pressures reshape corporate insurance risk as organizations face connected threats across value chains
Cyber insurtech BOXX adds AI deepfake cover to Cyberboxx Business
BOXX Insurance adds affirmative AI and deepfake coverage for commercial cyber clients as social engineering fraud accelerates
Xentra raises £2.7 mn from Maven VCTs and NPIF II for SME cyber services
Leeds-based Xentra secures £2.7 mn from Maven VCTs and NPIF II to expand cyber, safeguarding and regulatory services for SMEs
Deepfake hiring insurance fraud and shadow AI use are testing cyber and crime policies
Deepfake hiring fraud and shadow AI use are testing cyber and crime policies as insurers reassess insider risk, verification rules and claims wording
White House builds AI cybersecurity clearinghouse GOLD EAGLE
Gold Eagle will let US agencies and AI firms share vulnerability data, scan open-source software and review advanced models voluntarily
Coalition launches Active Cyber Insurance for U.S. enterprises with up to $25 mn in limits
Coalition launches Active Cyber Insurance for U.S. enterprises with up to $25 mn in limits, Allianz capacity, telemetry and risk intelligence
23andMe breach settlement limits recovery to $18 mn claims and payouts
23andMe’s bankruptcy blocks California damages as 42 states secure an $18 mn settlement and customers receive $46.75 mn over the 2023 genetic data breach
Osney Capital closes £60 mn UK cybersecurity seed fund
Osney Capital closed its £60mn debut fund, backing UK cybersecurity startups across AI security, supply-chain protection and cyber risk
FCA censures CACEIS UK as bank agrees £31.7 mn WealthTek payment
CACEIS UK will pay £31.7 mn to WealthTek clients after the FCA found failures in controls over client assets and financial crime risks
FEMA opens $1.5 bn in preparedness grants for security risks
FEMA made more than $1.5 bn available across seven FY 2026 preparedness grant programmes for terrorism prevention, infrastructure security and resilience
NAIC says Oracle PeopleSoft breach did not expose personal data
NAIC said a PeopleSoft zero-day attack exposed limited data, while investigators found no evidence of stolen personal or payment information
Asia-Pacific cyber insurance faces 135,000 ransomware attacks
INTERPOL’s cyber threat report shows Asia-Pacific insurers face ransomware, scams, DDoS, deepfakes, and widening coverage gaps
South Korea fines Coupang $409 mn after regulators found weak data controls
South Korea fines Coupang $409 mn after regulators found weak data controls, improper access, and non-consensual data collection
Cyera raises $600 mn at $12 bn AI security valuation
Cyera raises $600 mn to expand its AI security platform for data governance, DSPM, DLP, identity, privacy, and agentic risk control
Google sues Chinese cybercrime group over AI scams
Google says Outsider Enterprise used AI and Telegram to send 2.5 mn scam texts, create fake sites, and target Android users in the U.S.
23andMe data breach victims get $46.75 mn settlement
23andMe bankruptcy plan administrator will pay $46.75 mn to settle data breach litigation, with cyber insurers funding about $13 mn
Cyber insurance claims quality matters more than policy wording
Cyber insurance claims capability determines recovery speed, loss control, and broker confidence when ransomware, data theft, or network outages hit clients
Quantum Bridge raises $8 mn to build quantum-safe cybersecurity
Quantum Bridge raised $8 mn in Series A funding to expand its DSKE protocol and help organizations move toward quantum-safe security
New York DFS issues cyber threat guidance for banks, insurers, and financial firms
New York DFS issued guidance for banks, insurers, and financial firms on cybersecurity steps during heightened threat environments
Howden buys Cybeta IP assets to expand US cyber insurance unit
Howden acquired Cybeta’s IP assets and cyber analytics talent to strengthen its US cyber insurance practice across underwriting and claims
Stryker reports renew focus on healthcare cyber risk
Alleged Stryker cyber incident coverage renews focus on healthcare, life sciences, and medical device cyber insurance preparedness
Allianz Commercial shifts stand-alone cyber portfolio to insurtech Coalition
Allianz Commercial signed a 10-year cyber insurance deal with Coalition, making it the group’s exclusive global partner for stand-alone commercial cyber
Howden Re expands cyber reinsurance team
Howden Re added five cyber reinsurance specialists to expand US coverage, actuarial analytics, broking, account management, and exposure modelling
The Australian Securities and Investments Commission warns finance sector over AI cyber risks
ASIC urged Australian financial firms to strengthen cyber controls as frontier AI tools such as Mythos raise new vulnerability risks
Ransomware attacks rise 45% as ransom payments fall
Cowbell’s 2026 claims report shows ransomware attacks rose 45%, while average ransom payments dropped 44% as insureds improved response planning
XBOW raises new Series C funding for AI cybersecurity platform
XBOW secured additional Series C funding to expand its autonomous offensive security platform for enterprise cybersecurity teams
Artemis launches with $70 mn to rebuild SIEM around AI-native cyber threat detection
Cybersecurity startup Artemis has emerged from stealth with $70 mn in funding to challenge the traditional security information and event management market through an AI-driven security operations platform
Global cyber insurance nears pricing floor as risks and competition rise
The global cyber insurance market is approaching a turning point, according to Richard Clapham, as pricing declines, exposures grow, and threat activity remains elevated
EBR Systems breach highlights rising cyber pressure on Australia’s healthcare sector
A cyber incident at EBR Systems points to a wider rise in targeted attacks across Australia, where healthcare data carries high value and breach fallout often extends well beyond initial disruption
Cybertech Surf launches with $57 mn to push AI-led preventive cybersecurity
New York-based Surf emerged from stealth with $57 mn in funding to automate security hygiene and remediate enterprise risks with agentic AI
How businesses can reduce cyber risk and limit digital loss
Businesses face higher cyber risk from breaches, outages, and human error. Strong backups, staff training, the right tools, insurance, and response plans help
Jones Day data breach exposed files tied to 10 client matters
Jones Day said a phishing attack exposed dated files tied to 10 clients, as the Silent cybercrime group claimed responsibility for the breach
KYND flags website tracking lawsuits as a growing cyber claims risk
KYND says privacy lawsuits tied to website tracking are rising fast, with SMBs showing higher exposure and insurers facing a harder-to-detect accumulation risk
Geneva Association says cyber insurance must do more for resilience
The Geneva Association says cyber threats are rising faster than many firms can manage, with cyber insurance still underused as a resilience tool, especially among SMEs
Agent-based AI will change cyber offence and defence, Munich Re says
Munich Re says agent-based AI will change cyber offence and defence, widening attack surfaces, pressuring trust, and raising the pace of cyber threats
Munich Re says cyber insurance needs wider uptake as threats intensify
Munich Re says cyber risks are widening beyond ransomware and calls for stronger resilience, broader cyber insurance uptake, and closer market collaboration
US urges tighter Microsoft Intune security after Stryker cyberattack
CISA warns firms to secure endpoint systems after cyberattack disrupted Stryker operations and exposed risks in Microsoft environments
Iran-linked cyberattack on Stryker raises geopolitical risk for US companies
A cyberattack that disrupted operations at Stryker is drawing attention from U.S. officials and cybersecurity experts who see the incident as a significant escalation in Iran-linked cyber operations
Active Re completes global retrocession programme and expands cyber underwriting
Barbados reinsurer Active Re strengthens capital protection and increases AI adoption across underwriting operations
AI-powered actor breaches 600 FortiGate devices in 55 countries
Financially motivated hacker used commercial AI tools to compromise 600 FortiGate devices via exposed ports and weak credentials, no new exploits involved
1.2 mn accounts exposed after breach of France FICOBA registry
Stolen government credentials exposed data tied to 1.2 mn accounts in France’s FICOBA registry, including IBANs, names and tax identifiers
SCOR expands cyber underwriting with MGA Baobab partnership in Germany
SCOR adds Lloyd’s capacity to Baobab Insurance’s CyberSafe policies, extending cover to firms up to €1 bn in revenue across Germany and Austria
Cyber reinsurance rates drop 32% at Jan 2026 amid capacity glut
Gallagher Re reports a 32% fall in risk-adjusted cyber aggregate excess of loss rates at 1 Jan 2026 renewals as excess capacity and softer terms reshape the market
Tokio Marine Kiln hires Ben Sitki to strengthen cyber reinsurance team
Tokio Marine Kiln appoints Ben Sitki as underwriter in its Cyber Reinsurance Solutions unit, adding MEA cyber expertise as the platform expands
Dutch crypto platform Finst raises €8 mn Series A led by Endeit
Finst secures €8 mn Series A led by Endeit Capital, lifts total funding to €15 mn as MiCAR-licensed crypto platform expands across Europe
CyberCube flags data discipline as profit driver for cyber insurers in 2026
CyberCube’s 2026 outlook says cyber insurers face pricing pressure, making actionable data, underwriting discipline, and operational efficiency decisive for returns
US Judge dismisses CrowdStrike shareholder fraud suit tied to 2024 global outage
A US federal judge dismissed a shareholder lawsuit accusing CrowdStrike of hiding software testing failures ahead of the July 2024 outage, allowing plaintiffs to amend
Cyber and AI dominate global risk outlook for 2026, Allianz finds
The Allianz Risk Barometer shows cyber risks holding first place for a fifth year, while artificial intelligence surged to second as companies brace for wider exposure
Cybersecurity (79.2%) and insurance fraud (77.6%) are the leading concerns among financial services and insurance professionals
Global cyber insurance premium is set to reach $16.4 bn in 2026 as rates fall, AI risks grow and SMEs remain the largest growth opportunity
Cyber insurers are reviewing policy wording as autonomous AI agents create new questions over cyberattack definitions, liability and coverage triggers
RiskScan 2026 reveals how cyber, climate, AI, inflation and business interruption are converging to reshape insurance priorities and risk management