Cyber insurance stories
Multiple key revelations are found in the report, and they all point to the continued threat of ransomware globally as they remain at peak levels.
Over two-thirds of organisations have experienced a cyberattack in the past year, with 16% estimating the damage at $50k or more, says Netwrix report.
The research shows that in 2022, 33% of Australian ransomware victims were hit more than once, highlighting the need for improved cybersecurity measures.
Cyber security decision makers lack confidence in their cyber insurance, with only 19% sure it will cover their risks in 2023, according to a report by CSI.
There's a rebirth in monitoring and measuring security threats and a new movement in secure design patterns, says Tenable Network Security's Ron Gula.
Cybercrime is targeting small businesses more frequently, with Australian SMEs at high risk. Cyber insurance is now a necessity, says BizCover.
Health services could face major disruption as officials warn a severe cyberattack is likely, with insurance cover still scarce among firms.
Barely five per cent of New Zealand firms have cyber cover, leaving them exposed as ransomware claims and attacks climb sharply.
Cyber attacks could cost Australia up to $16bn, according to a new study by specialist insurance firm Lloyd's. Sydney is the 12th most at-risk city.