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The Latest Breaking News from Hiscox

80% of firms that experienced a ransomware attack have paid up, says research - generating millions of dollars of easy cash for criminals

Hiscox report shows 80% of ransomware-hit firms pay attackers, with uncertain recovery, rising AI vulnerabilities, and mounting operational fallout.

TechRadar

“A very clever original design, albeit one that could easily have come out of the Gibson factory in the early ’60s. That’s not easy to do”: Ivison Dakota Standard review

Used by big names such as Richard Fortus and Audley Freed, and made in the UK, Ivisonguitars recall the lost art of the ‘goldenera’ but in very original dress

Guitar World

Blue chips in favour ahead of likely Bank of England interest rates cut

The FTSE 100 index closed up 21.58 points, 0.2%, at 9,164.31.

Evening Standard

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read the most diverse news in one place.

Hiscox profits fall after £128m claims hit from LA wildfires

Group chief executive Aki Hussain branded the California disaster the ‘largest wildfire insurance event in history’.

Evening Standard

London stocks slip after reports that Trump will fire Federal Reserve boss

The FTSE 100 index closed down 11.77 points, 0.1%, at 8,926.55.

Evening Standard

Most job applicants use AI CV builder tools to get into work, and to my dismay, they say it is fair play

Job applicants are increasingly using AI to write CVs, with many embracing embellishment, raising major concerns for recruiters, employers, and hiring platform credibility.

TechRadar

Cyberattacks: how companies can communicate effectively after being hit

In its latest annual publication, insurance group Hiscox surveyed more than 2,000 cybersecurity managers in eight countries including France. Two thirds of the companies in the survey reported having been the victim of a cyberattack between mid-August 2023 and September 2024, a 15% increase over the previous period. In terms of potential…

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Hiscox takes £134m hit on LA wildfires after second year of record profit

The insurance group estimated that the broader insurance industry loss from the wildfires would be about 40 billion US dollars.

Evening Standard

Bad news - businesses who pay ransomware attackers aren’t very likely to get their data back

Only 1 in 10 who pay ransomware attackers actually retrieve their data, report claims.

TechRadar

FTSE 100 treads water as Frasers shares tumble after profit downgrade

The blue-chip index lifted 13.57 points, or 0.16%, to close at 8,349.38.

Evening Standard

Cyber attacks affect business reputation as well as finances, says insurer

An annual report from Hiscox found that as the number of cyber incidents on businesses increase, so do challenges around attracting customers.

Evening Standard

Yacht tragedy forces Morgan Stanley to find new international chair even as grief is fresh

Jonathan Bloomer helped steer Morgan Stanley through Brexit before his death aboard a yacht forced the bank to start a job search.

Fortune

Bayesian yacht sinking: Who were the victims?

Following the sinking of a yacht off the coast of Sicily, the bodies of all the missing people have now been found

Evening Standard

Who is Jonathan Bloomer, Morgan Stanley’s chairman who is presumed dead in the Bayesian yacht disaster?

Prior to joining Morgan Stanley, Bloomer was the ousted CEO of Prudential Financial insurance group.

Fortune

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The Guardian - UK

Who are the six people missing after Sicily yacht sinking?

What we know about four Britons and two Americans still unaccounted for after boat sank during storm

The Independent UK

Tech tycoon, defense attorney, and Morgan Stanley banker among those missing in freak yacht sinking

A superyacht that sank off the Sicilian coast during a storm left six passengers missing, including British tech kingpin Mike Lynch and his daughter Hannah

Evening Standard

Hopes fade for tech tycoon Mike Lynch and Morgan Stanley boss Jonathan Bloomer missing in yacht tragedy

Lynch and his daughter, Hannah, 18, Mr Bloomer and his wife, Judy, and Clifford Chance lawyer Chris Morvillo and his wife are the six people still missing

Al Jazeera

How did the superyacht carrying tech tycoon Mike Lynch sink off Sicily?

Lynch’s was among five bodies retrieved by divers on Wednesday after the Bayesian sank, according to reports.

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The Independent UK

Who is Jonathan Bloomer? Morgan Stanley chairman amongst missing from Sicily yacht

The british businessman is one of six people missing after a superyacht capsized near Sicily

International Business Times

Search Resumes In Sicily Yacht Sinking With Finance Boss Among Missing

Specialist divers on Tuesday launched a fresh search for six people, including UK tech tycoon Mike Lynch and the chairman of Morgan Stanley International, missing since their yacht capsized off the Italian island of Sicily.

Guitar World

“Both these guitars tick practically all the boxes for us. Craft is top of the line and they sound very good indeed”: Furch Vintage Pure & Violet Deluxe SM review

This pair of finely crafted acoustics from the lower end of the Czech Republic maker’s price band may look simple and stripped back, but they’re fully loaded with tone

The Guardian - UK

Aboudia blindsides market experts as bestselling artist of 2022

Artist from Abidjan, Ivory Coast, sold 75 artworks in auction, topping Damien Hirst’s 73

The Guardian - UK

More women on UK boards but number of female bosses flatlines

Proportion of women on boards of 585 FTSE all-share listed companies rises from 36% to 40%, data shows

The Guardian - UK

UK students pledge ‘career boycott’ of insurers over fossil fuels

Hundreds of students and graduates vow not to work for ‘climate wreckers that insure those responsible for the climate crisis’

Evening Standard

Hiscox profits slump as investments take a hit but insurer sounds positive on 2023

City veteran Robert Childs to step down as chairman after 37 years with the Lloyd’s of London firm

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