The threat of ongoing cyberattacks will remain an issue of utmost urgency for security officials as foreign attackers show no signs of relenting in their efforts.This according to the White House, who has announced that for the next year cyberattacks will be considered a National Emergency event and subject to executive actions and economic sanctions.In … Read more
Munio Wins at the Noble Business Awards for Outstanding IT and Cyber Security Company We’re thrilled to announce that Munio has been awarded the Silver Award for Outstanding IT and Cyber Security Company at this year’s Noble Business Awards. This recognition is a testament to the relentless dedication of our team and our commitment to … Read more
As the cyber insurance-linked securities (ILS) market continues to expand, analysts at S&P Global Ratings have identified key factors influencing cyber ILS credit quality, including regulatory risks, policy terms, cedent risk, asset collateral, and modelling challenges.In a new report released by S&P, analysts project that, depending on continued market growth, cyber ILS issuances could surpass … Read more
Malaysian Prime Minister Anwar Ibrahim has said that he refused to pay a US $10 million ransom demanded by hackers who, according to some reports, paralysed operations at Kuala Lumpur International Airport (KLIA). Anwar described how he had refused to comply with a ransom demand after a cyber attack on Malaysia Airports Holdings Berhad (MAHB), … Read more
At the 2025 Artemis insurance-linked securities (ILS) conference in New York City, Richard Gray, Head of Third-Party Capital at specialist insurer Beazley, spoke with AM Best about the rapid growth and potential of cyber catastrophe bonds.One of the notable trends in re/insurance today is the expansion of cyber risk coverage within the ILS market. Traditionally, … Read more