SME cyber insurance demand driven by advisers and AI risk fears
GlobalData survey shows brokers and AI-related risk concerns now drive SME cyber insurance uptake, as gaps in standard policies raise coverage questions
Cyber Insurance News
Cyber reinsurance awash in capacity at Jan. 1, 2026 renewals
Gallagher Re says cyber reinsurance capacity at Jan. 1 renewals far exceeded demand, pushing rates down and reshaping treaty structures
Aflac to notify 22.7 mn insurance customers after June cyber incident – Case study
Aflac has completed a review of files tied to a June cybersecurity incident and has begun notifying roughly 22.65 mn affected individuals
Coalition warns 2026 cyber risk shifts toward systemic loss
Coalition executives say 2026 cyber risk will be driven by hidden interdependencies, cloud outages, and supply chain aggregation, not isolated breaches
Coupang to pay $1.17 bn after data breach hits 34 mn users
Coupang announces ₩1.69trn ($1.17bn) compensation plan for 34mn users affected by a major data breach, offering purchase vouchers from Jan. 15
GlobalData flags AI, cyber and climate as 2026 insurance drivers
GlobalData says AI, cyber insurance, and climate risk will shape insurance markets in 2026, reshaping products, M&A, and profitability
Cove Risk data breach hits 49,400 in workers’ comp sector
Cove Risk Services reports a data breach affecting almost 49,400 people after unauthorized system access, with sensitive personal and health data exposed
Exein raises €100 mn as embedded cyber security spreads across devices
Exein secures €100 mn in new funding, lifting 2025 total to €170 mn, as demand grows for embedded cybersecurity in connected devices worldwide
Adaptive Security raises $81 mn Series B as AI cyber risks surge
Adaptive Security closes an $81 mn Series B led by Bain Capital Ventures with NVIDIA and OpenAI backing, bringing total funding to $146.5 mn
UK probes cyber incident amid claims of China-linked data access
UK officials investigate cyber incidents at the FCDO and London councils as reports raise concerns over China-linked hacking and public service disruption
81% of small firms hit by cyber incidents as AI fuels attacks
ITRC data shows 81% of small businesses suffered cyber incidents last year, with AI-driven social engineering overtaking insiders as the main cause
Cyber insurance set to become mandatory as threats escalate – Kennedys’ report
Kennedys predicts cyber insurance will shift from optional to mandatory as supply-chain attacks rise and boards face direct regulatory pressure
Coalition adds deepfake response cover to global cyber insurance policies
Coalition expands its cyber insurance with a deepfake response endorsement, offering forensic, legal, and PR support as AI-driven threats grow
Experian warns of AI-driven cyber risks in 2026 breach forecast
Experian’s 2026 Data Breach Forecast points to AI-powered attacks, quantum risk, and rising identity fraud as cyber threats grow faster and smarter
UK Cyber Security Bill forces fintech SMBs into supply chain risk
The UK Cyber Security and Resilience Bill reshapes fintech risk as SMBs inherit compliance pressure through MSPs, vendors, and faster incident reporting rules
Germany blames Russia for Bundestag cyberattack as US breach hits 5.6 mn
Berlin accuses Russia of a cyberattack on parliament during Zelenskyy’s visit, as a US credit firm confirms a breach affecting 5.6 mn people
2026 cyber security outlook: federated CISOs, agentic AI, privacy squeeze
A blunt 2026 security forecast on the federated CISO, autonomous AI attacks and defenses, and the accelerating erosion of digital privacy
Coinbase loses private arbitration over $618k cyberattack claim
A private arbitrator orders Coinbase to pay $618k to a client who lost crypto after a 2024 account takeover tied to a cyberattack
Amazon flags Russian cyber campaign hitting Western energy networks
Amazon Threat Intelligence links a long-running Russian GRU cyber campaign to attacks on misconfigured network devices across Western critical infrastructure
Coupang data breach traced to ex-employee with system access
South Korea’s largest retailer says a former employee accessed internal systems, exposing data of 33.7 mn customers in the country’s worst cyber breach
SEC explains crypto custody basics for retail investors
The SEC outlines how crypto custody works, comparing hot and cold wallets, self-custody and third-party options, and the risks investors must weigh
Trump plans to enlist private firms for offensive cyber operations
Draft US cyber strategy signals a shift toward using private companies for offensive cyber actions against state-backed hackers and ransomware groups
Ransomware victims to top 7,000 by 2026 as cloud risks rise
QBE warns ransomware victims named on leak sites could exceed 7,000 by 2026 as AI, cloud exposure, and supply chain risks push attacks higher
Cyber insurance strains to match fast-shifting threats and client demands
Rising attacks, tighter underwriting and sector-specific exposures show cyber insurance maturing but still trailing criminal tactics and network complexity
Wideum boosts remote-assistance cybersecurity with encryption, audits and AWS stack
Wideum leans heavily into cybersecurity because remote-assistance software lives or dies on trust. The company rebuilt its stack around tighter encryption
ASR launches digital cyber insurance cover with $5 mn limits for African businesses
Africa Specialty Risks rolls out a Lloyd’s-backed cyber policy via ASR 24-7, offering digital quote-and-bind access for companies across key African markets
MCP-enabled AI tools triggers new systemic cyber threats for insurers
KYND warns MCP-enabled AI tools open hidden attack surfaces and demand continuous monitoring, richer data, and tighter AI policy wording
Cowbell forecasts rapid cyber insurance growth and sharper threats in 2026
Cowbell sees fast 2026 cyber market growth, tougher controls, AI-fuelled attacks, data theft trends and rising risks for SMEs across key sectors
Cyber insurance faces pressure as M&A tightens capacity and risk rises
Marsh Europe warns insurer M&A could shrink cyber capacity as systemic risk grows, though new entrants and soft reinsurance keep the market stable for now
Kenya’s Insurance Regulator drafts tighter digital insurance rules as insurtech accelerates
Kenya’s IRA readies new cybersecurity and data rules, aligning with Africa’s broader insurtech push while supporting digital insurance for underserved groups
Xerox launched TriShield 360 with Hartford cyber insurance solution for SMBs
Xerox enters bundled security-plus-insurance with TriShield 360, pairing Cortex XDR, Lumifi SOC, and Hartford cyber coverage for SMBs and MSSPs
CyberCube links with Envoy Insure to power real time cyber risk analytics
CyberCube’s analytics plug into Envoy Insure’s broker platform, adding real time cyber risk metrics to multi carrier quote comparisons and proposals
AWS outage dubbed “Amazonk” may cost cyber insurers up to $581 mn
CyberCube estimates AWS outage losses at $38mn-$581mn, with most impact clustering low. Over 70,000 firms hit, insurers view risks as manageable
QuickFacts adds BOXX Insurance to expand cyber coverage tools for brokers
QuickFacts partners with BOXX Insurance to give brokers faster access to cyber protection, real-time threat intelligence, and prevention-first insurance solutions
HSB Canada launches CyberPro cyber insurance for businesses up to $2 bn
HSB Canada, part of Munich Re, rolls out CyberPro – cyber insurance with claims, monitoring, and risk tools for Canadian firms across multiple industries
Cyber insurance claims fall in 2025 as firms boost resilience
Allianz data shows cyber claim severity down 50% in 2025 as large firms harden defenses, but ransomware and data theft remain top drivers, hitting SMEs hardest
New York fines 8 auto insurers $19 mn over cybersecurity violations, data breaches
New York DFS fined eight auto insurers and agencies $19 mn for weak cybersecurity controls that exposed personal data through online quoting systems
Salesloft-Drift OAuth breach exposes SaaS supply chain risk for cyber insurers
The Salesloft-Drift OAuth breach hit 700 firms, exposing SaaS supply chain risks that cyber insurers must now treat as systemic portfolio exposures
Invision Cyber launches U.S. cyber insurance with $10 mn limits, backed by Lloyd’s
Invision Cyber launches U.S. cyber insurance with $10mn limits, backed by Lloyd’s syndicates, using Trend Micro’s telemetry to link risk directly to premiums
Acrisure warns third-party cyberattacks pose severe operational risk
Acrisure has issued a sharp warning on the rising threat of third-party cyberattacks, arguing that vendor vulnerabilities now represent one of the most serious risks
Invision Cyber and Trend Micro launch data-driven cyber insurance for US firms
Invision Cyber partners with Trend Micro to deliver a real-time, telemetry-based cyber insurance product for US businesses with $10mn coverage capacity
Berkley Insurance sues IT provider over $1 mn cyber-theft tied to email breach
Berkley Insurance is seeking $1mn from Alliance Systems, alleging failure to notify client PPL of an email breach that led to wire transfer fraud
Nevada Insurance Regulator hit by ransomware attack, state systems disrupted
The Nevada Division of Insurance remains offline after a ransomware attack forced multiple state agency systems to shut down
Moxso raises $5.5 mn to expand AI-driven cybersecurity across Europe
Seed Capital has made its first cybersecurity bet under a new strategy, leading a $5.5mn seed round in Copenhagen-based Moxso. Ugly Duckling Ventures and D2 Fund also joined
Farmers Insurance says 1.1 mn policyholders affected in vendor data breach
Farmers Insurance disclosed that personal data from more than 1.1 mn policyholders was accessed during a breach at a third-party vendor
Coalition launches Active Cyber Insurance in France backed by Allianz
Coalition, the cyber insurance specialist known for its “Active Insurance” model, has entered the French market with the launch of its Active Cyber Insurance product
CyberCube partnered with Wholesure to improve cyber insurance assessments for SMBs
Wholesure, the wholesale brokerage division of Acrisure, has partnered with CyberCube to improve cyber insurance assessments for small and medium-sized businesses
CyberCube partners with Wholesure to enhance cyber insurance for SMBs
Cyber risk analytics firm CyberCube has signed a strategic agreement with Wholesure, the wholesale brokerage division of Acrisure, a global fintech and insurance brokerage group
Aon highlights rising cyber threats across Asia-Pacific, with focus on India
Aon highlights new trends in cyber threats across the Asia-Pacific region. The data draws from Cyber Quotient Evaluation (CyQu) scores
Mosaic Insurance launches Cyber-FI Crime coverage for digital asset
Mosaic Insurance has entered the digital asset market with a combined cyber and financial institutions (FI) crime insurance product
DynaRisk raises $4.7 mn to scale global operations and expand cyber insurtech offerings
DynaRisk, a London-based cyber risk management company, has secured $4.7mn in a funding round led by YFM Equity Partners
Insurtech Cyata exits stealth with $8.5 mn seed round to secure enterprise AI agents
Cyata, an Israeli cybersecurity startup, has launched publicly with $8.5 mn in seed funding led by TLV Partners. The company targets a growing blind spot in enterprise security: AI agents
Allianz Life confirms data breach affecting majority of U.S. customers
Allianz Life Insurance Company of North America has confirmed a data breach impacting most of its 1.4 mn U.S. customers
£592 mn cyberattack hits Marks & Spencer and Co-op – Insurance Sector on Alert
The April 2025 cyberattacks on Marks & Spencer and Co-op have officially been classified as a single coordinated insurance incident
FBI and cybersecurity firms warn airlines of Scattered Spider attacks
The FBI and major cybersecurity firms are warning that Scattered Spider, a well-known hacking group, is now targeting the airline and transportation sectors
Max Financial confirms data breach at Axis Max Life Insurance following hacker alert
India’s Max Financial Services has confirmed that its insurance arm, Axis Max Life Insurance, experienced unauthorized access to customer data following a tip-off from an anonymous source
Premiums from US cyber insurance coverage fell by 2.3% to just under $7.1 bn
Premiums from US cyber insurance coverage fell by 2.3% to just under $7.1 bn in 2024, marking the first annual decline since the National Association of Insurance Commissioners
Insurance Europe supports the EC’s plan to simplify cybersecurity regulations
Insurance Europe supports the European Commission’s plan to simplify cybersecurity regulations through its review of the Cybersecurity Act
Coalition launched the Helios platform through its reinsurance arm, Coalition Re
Coalition, the first Active Insurance provider focused on digital risk prevention, has launched the Helios platform through its reinsurance arm, Coalition Re
Cyber reputation risk events can cut shareholder value by 27%
Reputation-related cyber incidents can reduce shareholder value by an average of 27%, according to Aon’s 2025 Global Cyber Risk Report
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