The Latest Breaking News from Hiscox

The FTSE 100 index closed up 102.28 points, 1.1%, at 9,751.31.

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

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

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…

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

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

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

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

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