Ransomware costs soar as cyber claims decline
The financial fallout of ransomware is mounting, even as the number of cyber insurance claims received declines, data from Resilience has revealed.
In the first half of 2025, across Resilience’s portfolio, the average cost of an individual ransomware attack rose by 17%, while the volume of incurred claims dropped by more than half (53%).
53%reduc
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
How Dual’s data capability is transforming the MGA
Simon McGinn, CEO of Dual, has shared how the MGA’s data capability has been transformed in recent years and is accelerating the growth of the business.
Five insurance trailblazers to celebrate on International Men’s Day
Editor’s View: Ahead of International Men’s Day on Wednesday (19 November) Emma Ann Hughes reflects on the male trailblazers who are reshaping the insurance industry by leading with empathy, allyship and action.
Markel names MD for new London Market business
Markel Insurance has today named Rohan Davies as managing director of its newly created London Market business.
Proposals for simplified FCA commercial and bespoke rules imminent
Post understands the Financial Conduct Authority is aiming to publish proposals for simplified rules for commercial and bespoke insurance products before the end of the year.
Webinar: Learn about AI underwriting lessons from the front line
The conversation around AI in underwriting is shifting, from what’s possible to what’s already in play.
Q&A: Rob Kemp, Aon
Rob Kemp, head of commercial risk at Aon, speaks to Insurance Post regarding his role so far, the broker's recent M&A activity, and its investments in AI.
How insurers should navigate a market in flux
View from the Top: Chris Wallace, QBE’s executive director of UK insurance, outlines his priorities in a market that’s softening and a UK economy that’s under pressure.
MPs call for more clarity on leasehold insurance fees
During a recent parliamentary debate, MPs shared horror stories of constituents dealing with their property management firms and insurers.