CYBER-ATTACKS REMAIN MAJOR UK THREAT AS GANGS “RE-BRAND” AND USE AI

Global ransomware attacks reached a record high in 2023 and despite success in tackling the BlackCat dark-web leak site and banking trojan Qakbot, the need for cyber insurance remains crucial with cyber-criminals able to attack, re-brand and strike again.

In the UK, statistics show that 32% of businesses reported suffering a cyber-attack or a breach in 2023 with GCHQ’s National Cyber Security Centre (NCSC) warning Artificial Intelligence (AI) is expected to heighten the global ransomware threat.

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W Denis Insurance Brokers PLC is a partner at Delphi Alliance