Businesses face ‘sharpened scrutiny’ on cyber policies after fridge hacks Insurance Insurance underwriters will scrutinise businesses’ technology more closely when pricing future cyber policies following the wave of recent cyberattacks on European supermarkets. The attacks, which forced retailers in Sweden, Belgium, and Ireland to throw away large quantities of fresh and frozen food after refrigeration systems were switched into defrost mode, and affected a wave of [...]
Beazley expands cyber cover for AI malfunctions and regulatory risks Insurance FTSE 100 insurance giant Beazley has launched a new cyber line for businesses that insures against unintentional regulatory non-compliance and financial and reputational losses as a result of AI system malfunctions. Speaking to City AM, the speciality insurer’s head of cyber risks, Alessandro Lezzi, said the move comes as the firm sees “AI changing the threat [...]
Cyber insurers consider limiting coverage as sector scrambles to price agentic AI risks Insurance The cyber insurance market is facing a turbulent time as agentic AI hacks pose new challenges and threats. City AM understands underwriters and insurers are considering limiting coverage until they can quantify the risk this tech poses and price it. Cyber insurance has been a fruitful market over the past few years, with a spike [...]
Iranian hackers behind UK energy plant attack August 23, 2026 An attack on an energy facility which was shut down for four days last month was carried out by hackers linked to the Iranian regime. The cyberattack, which is believed to be the first time Iranian-affiliated hackers have successfully infiltrated a UK energy facility, shutting it down. A government spokesperson for the Department for Energy [...]
Champions Cup rugby team hacked in ransom attack with player data at risk August 7, 2026 Champions Cup rugby club Stade Francais has said it is the victim of a cyber attack, with reports stating players’ identity documents are being held to ransom. Cybercriminals have reportedly threatened to release documents relating to players, having already unveiled a number of identifiable documents belonging to 18 players. “Immediate containment, investigation and recovery measures [...]
‘Act now’: AI models capable of attacks on governments months away, Five Eyes warn June 23, 2026 Powerful AI models capable of devastating cyber attacks on both governments and businesses are just months away, intelligence agencies for the coveted Five Eyes has warned in a rare joint statement. The cyber security agencies from Australia, the US, UK, New Zealand and Canada, urged leaders to “act now” in a rare public intervention after [...]
Iran and Russia to target Fifa World Cup, threat experts say May 29, 2026 Russia and Iran rogue actors will target the Fifa World Cup as part of an ongoing anti-US position, according to global threat intelligence experts. This year’s World Cup – taking place across the United States, Canada and Mexico – is likely to be subject to a number of acts of cyber terrorism, while the use [...]
Cyberattacks hit UK businesses with £3.7bn in legal costs last year May 18, 2026 Large UK businesses were forced to fork out £3.7bn to defend legal action brought by shareholders last year over cyberattacks, according to new research from insurance giant Gallagher and the Centre for Economics and Business Research (CEBR). Cyberattacks cost firms with over 250 employees an estimated £11.7bn in total, with litigation being the second largest [...]
Fifa World Cup under major threat of cyber terrorism May 18, 2026 The 2026 Fifa World Cup could be the victim of the largest volume of cyber terrorism and hacktivism events in sporting history. The sheer scale of next month’s tournament – which is being hosted across Canada, the United States and Mexico – could play into the hands of rogue states and groups looking to cause [...]
Financial scams soar as crooks snatch phones and manipulate vulnerable victims April 15, 2026 UK banks saw a staggering rise in financial scams last year, as growing public awareness was offset by criminals pivoting towards victim manipulation to get their hands on sensitive information. Banks reported a 62 per cent rise in social engineering scams, in which attackers manipulate victims into authorising payments themselves, as they turned away from [...]