"New and insidious Microsoft Office vulnerability discovered, major warning issued for MSPs, Eurovision under attack and malware now being spread by telegram...

There's no rest for the wicked, and there was plenty of wicked cyber activity going on in the month of May.”

(CFC - May 2022)

Cyber risk trends are reported in a joint survey/study with Microsoft. Having the right insurance cover in place is only one way way of mitigating potential damage.

"After three years of unrelenting workplace disruption, digital transformation, and ransomware attacks, business leaders are no more confident in their ability to manage cyber risk than they were two years ago..."

(Insurance Business UK - May 2022)

"The number of estate agents being targeted by criminals via cyber attacks is to increase this year, a leading industry body has warned.

The Guild of Property Professionals regularly gets reports from firms hit by hackers trying to defraud their clients, while the increase in remote working has made many smaller agents connecting to their networks more susceptible to cyberattack, says compliance officer Paul Offley. He predicts incidents will rise even further this year "

(The Negotiator - January 2022)

"The Department for Digital, Culture, Media and Sport (DCMS) commissioned the Cyber Security Breaches Survey of UK businesses, charities and educational institutions as part of the National Cyber Security Programme. Among the key findings of the report was the revelation that 39% of businesses and 26% of charities have reported cyber security breaches or attacks in the last 12 months.

Among the impacted businesses and charities, one in five ended up losing money, data or other assets while 35% of those businesses report being negatively impacted by other considerations including post-breach measures, lost staff time or wider business disruption. "

(Insurance Business UK - December 2021)

The Association of British Insurers (ABI) has defended the inclusion of ransomware payments in first-party cyber-insurance policies.