Insight

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.   The insurance sector is battling its losses by increasing premiums – which have gone up by some 94% between 2019 and 2022 – creating the artificial...

In many ways, considered the “new battleground for cybersecurity” in 2023, APIs can make – or break – a business in the coming year. The fact that they’re connectors, that they underpin and pull together the majority of digital services we use daily, makes them prime targets for hacks. The holy grail of a hacker is the ultimate low-risk, high-payout option. Because APIs are the hub for so many useful back-end services, they are a...

Millions of Britons (1) have now fallen victim to an online scam, losing life savings, their identity, passwords, photos or vital personal data.  Yet, despite contributing to the billions of pounds (2) lost annually to cybercrime in the UK, Britons still don’t take protective measures. A quarter of the nation carry out activity online – from banking to dating - without any cybersecurity in place at all, making themselves attractive bait for online criminals to...

Payment company compliance teams are being pushed to their limit as new research from regulatory intelligence specialists VIXIO reveals 90 percent are frequently overwhelmed. The impact of Russia’s invasion of Ukraine, paired with poor economic conditions in the wake of the Covid-19 pandemic, has left many payment companies in a precarious position. Half (50 percent) listed fraud as their biggest challenge over the last 12 months. Countries worldwide have implemented restrictive sanctions, which led to...

A recent Which? study tested the security of 13 of the UK's most popular online banking sites between September and November 2022. The study found that Virgin Money, TSB and Nationwide were the worst at protecting their customers from online scammers.     With so many well known banking sites falling short when it comes to blocking fraudsters, cybersecurity experts at VPNOverview have compiled a list of 12 safety tips to keep your money safe from...

The app industry is incredibly competitive. There are millions of apps available today, with many more being released all of the time. As a developer, making a fantastic app is one thing; ensuring it gets lots of downloads is another. There are a number of ways in which developers can boost their app’s download numbers. Some choose to buy app installs; others focus on implementing an effective marketing strategy. One important factor that is crucial...

This year’s annual Data Privacy Day falls on January 28th. Each year, the day provides an opportunity to educate consumers and organisations alike on the importance of privacy and staying safe online. Since the awareness around data privacy is still somewhat lacking, we’ve come up with a piece that you can share with your less tech-savvy friends and family members. Staying secure online and protecting sensitive information is something that everyone should know how to...

As a startup owner, it can sometimes feel impossible to get the attention of your target audience, especially in a competitive industry. When most people already have companies they trust, it’s not the easiest thing in the world to get them to notice a new company. Fortunately, there are plenty of solutions that can help your business make the most out of every opportunity. You can utilise modern tech solutions to outpace the competitors, as...

During the Pandemic I talked frequently to friends, family and pretty much anyone that would listen about how it felt like the "Western Nations" were the walls of Rome and we, comfortably located in the holy city, were watching the barbarians - "the infected” - approach the walls. It was perhaps premature to consider this an existential threat to our "empire" - way of life, but suffice to say the Pandemic, the response to the...

Identity management is in dire straits, according to a recently conducted survey by identity security firm One Identity. Surveying over 1,000 IT security professionals, the results showed that 96 percent of companies report using multiple identity management tools, with 41 percent deploying at least 25 different systems to manage access rights. However, 70 percent of companies reported they’re paying for identity tools they’re not actively using. This investment in multiple disparate identity tools is having...