Cyber Risk and Artificial Intelligence Tops FSOC’s Systemic Threat List
Although cyber incidents have not resulted in a significant systemic event for the U.S. financial services sector to date, they could pose risks to financial stability
Ransomware Attacks
Ransomware attack starts with cybercriminals entering a system and encrypting all data, then offering a decryption key if the victim agrees to pay a ransom through cryptocurrency. Cryptolocker is one of the first examples of sophisticated ransomware. It locked users out of their devices and then used a 2,048-bit RSA key pair to encrypt systems and any connected drives and synced cloud services.
Ransomware’s definition says that it is malware designed to make it so that paying a ransom is the only way to restore access to the encrypted data. Automated, protected data backups enable an organization to recover from an attack with a minimum of data loss and without paying a ransom.
Ransomware sometimes deletes itself after it has infected a system; other times, it stays on a device to infect other devices or files. Use antimalware/anti-ransomware. Most antimalware and anti-ransomware software can quarantine and remove the malicious software.
In this section, we have collected the most current articles and reviews on the topic of the Ransomware Attacks.
Ransomware, Cloud and AI Risks Reshape the Global Cyber Threat
Ransomware cases surge as cloud and AI adoption expands attack surfaces, driving higher losses, supply chain risk, and tougher cyber insurance conditions
Evolution of Ransomware: Impact on Cyber Insurance Claims & Underwriting
Cyber threat actors’ tactics, techniques, and procedures are constantly evolving, exposing cyber insurers to an ever-changing loss mix
2026 Outlook for Global Cyber Insurance Segment
The global cyber insurance outlook remains Stable, reflecting solid demand, profitability, and regulatory compliance
AI-Driven Cyber Risks and Insurance Gaps in 2026
Business leaders are aware of AI-driven cyber risks and their implications. But understanding changing risk profiles to make better decisions around the management of new exposures
Systemic Cyber Events, Data Breaches, and Cyber Insurance Trends
Systemic cyber security events highlighted the compounded risk stemming from increasing technology interdependencies and how quickly a cyber event can affect organizations
US Cyber Insurance Premiums Drop as Pricing Cuts Take Effect
The NAIC revised its 2024 cyber supplement, shifting to a primary/excess/endorsement split, improving clarity on cyber policy types and premium reporting.
U.S. Cyber Insurance Premium Rates Decline in 2025
U.S. cyber insurance renewal premium rates in 2025 have declined year over year for the past three quarters and are expected to remain under pressure
Generative AI, Insurance Risks & Cyber Catastrophe Events
Generative artificial intelligence (Gen AI) is no longer a futuristic concept. AI’s potential to amplify systemic risks, such as through polymorphic malware or AI-targeted data breaches
Cyber Insurance: A Critical Component for Healthcare Security
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Cyber Insurance Protection Gap. Cyber Risk Survey
Munich Re estimates global cyber premiums at approximately $14 bn and expects the cyber insurance market to reach a size of around $29 bn by 2027
Personal Cyber Insurance for Individuals. Survey 2024
Safeguarding your digital life: The essential role of personal cyber insurance for individuals and their families. Munich Re’s Survey 2024
Business Email Compromise: Cyber Threat Landscape & Preventing
Business email compromise (BEC), a sophisticated form of phishing that involves attackers manipulating individuals into unwittingly facilitating fraudulent activities
Global Cyber Insurance Market Forecast to Exceed over $120 bn by 2032
Global cyber insurance market has undergone significant changes in H1 2024, presenting both challenges and opportunities for retail agents
Generative AI’s Impact on Cyber Threat & Insurance Landscape
Gen AI offers opportunities for both cyber attackers and defenders, poised to significantly impact the threat landscape
How Geopolitics Reshapes the Cyber Threat Environment?
Risks associated with cyber warfare and systemic events more generally – scenarios where single attacks trigger widespread failures across multiple organisations
Cyber Insurance & Risk Management in a Volatile Threat Landscape
Enhanced cyber risk management strengthens an organization’s resilience against ransomware and other financial cyber attacks
Global Cyber Risk Insurance Report: Resilience & Relevance
Cyber continues to live up to its dynamic reputation. With no sign of the risk landscape abating – as demonstrated by ransomware, geopolitical instability
UK Cyber Insurance Market Trends: Q1 2024 Review
The UK cyber insurance market has shifted to favor buyers, driven by abundant capacity and fierce competition among insurers, leading to rate decreases
Cyber Insurance Poses Significant Risks to Re/Insurers’ Stability
Cyber insurance offerings expansion could pose significant risks to the financial stability of re/insurers if not managed with caution
6 Steps to Customize Cyber and E&O Insurance Contracts
The non-standardized nature of cyber and E&O policy wording creates the opportunity to mold an individually tailored and responsive risk transfer tool
Cyber Security Global Trends: Insurance & Risk Mitigation Best Practice
Improvements in cyber security and business continuity are helping to combat encryption-based ransomware attacks, yet the cyber threat landscape is evolving
Cybersecurity Spending Trends. Cyber Insurance Premiums Risen Exponentially
Spending on cyber risk has risen fast and attention paid to the issue by top management has markedly increased. But the news is not all good
Global Cyber Risk Trends and Insurance Survey
The cyber insurance market reached a record size last year. Cyberattacks and the volume of compromised digital assets increased simultaneously
Lloyd’s Systemic Cyber Risk Scenario: Potential Global Economic Losses of $3.5trn
Lloyd’s published a systemic risk scenario that models the global economic impact of a hypothetical but plausible cyber attack on a major financial services payments system
Challenges for Cyber Insurance Market’s Growth Potential
The realisation of the cyber market’s growth potential is tied to geopolitics and macroeconomics, but also sme penetration, tail-risk management
Cyber Insurance Market Dynamics Changed Significantly
Cyber insurance dynamics have shifted significantly over the last 12 months. After a period of upheaval – characterised by a rapidly deteriorating loss environment
War Exclusions in Cyber Insurance are Centre Stage as Re/Insurers
Whilst there have been no cyber attacks of comparable scale since the invasion of Ukraine, the scope of cyber insurance, and the war exclusions issue specifically
Cyber Supply Chain Risk: Background & Innovation
The digital supply chain is invisible. It operates in the background but is essential to the day-to-day functioning of most businesse
Global Cyber Warfare Risks Increases Insurance Market Losses
Cyber warfare and the attendant risk of systemic losses have long cast a shadow over the cyber insurance market
Cyber Warfare in Ukraine: Implications for Global Cyber Threat Landscape
The cyber warfare in Ukraine, a clash of titans in terms of cyber security, has considerable implications for the cyber threat landscape
How Does Cyber Security Hygiene Reduce the Risk of Cyberattacks?
Companies that have strong cyber security hygiene are reducing the risk of being targeted by cybercriminals. Investment in cyber security is crucial in this environment
New SEC Cyberattack Rule Raises Insurance Claims & Risks
A new SEC cyberattack reporting rule has left public companies and insurers exposed to potential regulatory probes and shareholder class actions
Cost of Cybercrime. How to Improve Cybersecurity Protection?
The cost of cybercrime Accenture’s study helps to quantify the economic cost of cyberattacks by analyzing trends in malicious activities over time
How Insurers Can Expand the Cyber Insurance Market?
A slowdown in price increases and companies hardening their cybersecurity defenses will help expand the cyber insurance market
Future of Global Cyber Insurance Market – Ransomware Challenges
Strengthened Global Cyber Insurance Market resilience continued to pay dividends, as resurgent ransomware activity has so far not been accompanied
Cyber Insurance Risks & Cyberattacs in the Russia-Ukraine War
Cyberwarfare has provided just a handful of notable skirmishes in the Russia-Ukraine War. But fears linger that the scale and frequency of digital attacks on financial targets
Cyber Risk Detection, Insurance & Cyberattack Lifecycle
Realization is changing the dynamic of cyber risk management, pushing damage limitation to the forefront and, as a result, turning the spotlight on attack detection
2026 Global Cybercrime Predictions: Rising Threats and AI-Driven Scams
Beinsure has collected the opinions of cybersecurity experts and presents a Cybercrime Predictions review for 2026
Cyber Insurance Trends in 2024. Cyber Risk & Insurance for Businesses
Cyber insurance is no longer deemed a nice-to-have accessory for businesses. In 2024, its importance will only increase
Cyber Insurance Market: Underwriting Strategies & Cybercapacity
The cyber insurance market has seen significant changes, with the segments within the market being more distinct and nuanced than previously experienced
Cyber Security Top Trends & Cyber Attack Threats. 5 Scenarios of Resilience
Cybersecurity has become a more dynamic field, rapidly adjusting and shifting to keep apace with business inventiveness
How to Make Cyber Security an Part of the Business Culture? Cyber Risk Areas
The reality is that the cyber threats facing private businesses are no different from any other type of organisation. Cyber criminals are essentially opportunistic
Vendors & Insurers Must Work Together to Better Underwrite Cyber Insurance Policies
Cyber threats, like ransomware and data breaches, are growing at a rapid rate, and the need for cyber insurance to protect against these evolving threats has never been greater
Zero-Trust Cybersecurity Strategy & Cyber Risk Reduction
Zero-trust cybersecurity strategy with simplicity and risk reduction at the heart is mandatory to reduce exponential cyber attacks
Cyber Security, Insurance & Cyber Business Intelligence Review
Things have been tough recently in the cyber insurance industry. Businesses have a difficult time finding affordable policies with the right limits
Cyber Insurance, Ransomware & Hybrid Warfare Outlook
Russia’s War in Ukraine added a big dose of complexity into an already complicated cyber risk environment, elevating the threat of large-scale attacks
5 Key Benefits of Ransomware Insurance
Ransomware attacks are becoming increasingly common, and organizations of all sizes are at risk. Ransomware insurance can help businesses prepare to such attacks
5 Most Important Cybersecurity Controls & Cyber Liability Insurance
Here are 5 of the most important security controls you should have in place to reduce the risk of a cyber incident and, ultimately, lower the risk for your insurer
Global Cyber Market Finally Began to Stabilize
The global cyber market finally began to stabilize in 2024, largely thanks to renewed competition between markets, a decrease in median ransomware payments
Global Cyber Crime, Fraud & Ransomware Survey
Insidious form of crime is accelerating and evolving, as acceleration to ecommerce and remote work opened up new avenues of entry for fraudsters
10 Basic Tips to Avoid a Potential Victim of Ransomware & Reduce Cyber Risk
Ransomware is a form of malware that is constantly evolving and is designed to encrypt files on a device, making all files and systems that depend on them unusable
How to Increase Resilience of Cyber Market through Insurance & Risk Management?
By increasing cyber security, companies are less attractive to attackers. It is not commonplace for us to see clients with strong cyber maturity and security mechanisms
Cyber Security & Insurance Increasing Through the ESG Lens
Cyber security has long been seen as an IT issue but today’s booming digital economy means this is no longer the case
How Are Growing Cost of Ransomware Attacks Impacts for Insurance & Businesses?
Ransomware remains a top cyber risk for organizations globally while business email compromise incidents are on the rise and will increase further in the ‘deep… Read More »How Are Growing Cost of Ransomware Attacks Impacts for Insurance & Businesses?
New Cyber Risk & Ransomware Trends. Outlook for Cyber Insurance
Given cyber crime incidents are now estimated to cost the world economy in excess of $1trn a year – around 1% of global GDP – it is no surprise that cyber risk regularly ranks
Ransomware Protection – What Does Good IT Security Look Like?
Ransomware is a specific and extremely harmful type of malware used by cybercriminals to extort money from individuals, organizations, and businesses
How Cyber Catastrophe Models Evolved with the Cyber Insurance Market?
Being an industry centred on computer technology, it should be of no surprise that cyber catastrophe models have developed in complete tandem with the cyber insurance market
Main Types of Cyber Loss Estimates and Cyber Insurability
In response to uncertainty around cyber risk, insurance providers have become more selective in their underwriting through better risk selection, lower limits, cyber insurance
Risk Management With Cyber Insurance
Risk management is the process of identifying, assessing and responding to/mitigating risk events. Organisations must understand the probability and potential severity of loss events
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities
U.S. life insurers posted modest Prism score gains, with resilient capital strength despite rising annuity volumes and investment risk pressures
Health insurance is an integral part of employee benefits packages in the United States. However, any employer federally required to provide this compensation could admit that their costs can be burdensome