Global cybercrime is seen hitting $14tn by 2028, according to a report by Munich Re. The reinsurer said the projection reflects cybercrime evolving into a systemic risk, capable of disrupting businesses, critical infrastructure and entire economies rather than just individual organisations.
The Thai insurance regulator, the Office of Insurance Commission (OIC), has asked Google to help formulate guidelines to prevent and suppress insurance-related offences in the form of fake applications or offerings of unlicensed foreign insurance companies that are operators not supervised by the Commission.
Leading finance and insurance government agencies in the Philippines have teamed up to strengthen cybersecurity in the insurance industry.
The Asia-Pacific market has become the fastest-growing target for ransomware groups in the world, with cybercrime surging sharply in the region in 2025.
As the evolution of artificial intelligence technology has made a generational leap from "dialogue generation" to "autonomous action", some insurance institutions have begun to explore implementing AI-powered agent systems similar to OpenClaw, to improve efficiency and service capabilities through "digital employees".
S&P Global Ratings (S&P) has projected that GCC insurers will sustain underwriting profitability in 2026 at a similar level to that in 2025, despite the ongoing Middle East military confrontation.
The Philippines' insurance regulator, the Insurance Commission (IC), Bureau of the Treasury, Government Service Insurance System, Social Security System, Philippine Deposit Insurance Corporation and the Landbank of the Philippines have signed a Memorandum of Agreement (MOA) on a shared cyber defence solution for the insurance cluster
The first confirmed destructive cyber attack from an Iranian threat group against a major Western corporation has now occurred, according to a commentary released by Moody's.
As small and medium enterprises (SMEs) rapidly adopt Artificial Intelligence (AI) and cloud-based infrastructures to scale, they are discovering that these growth engines also act as "risk multipliers", introducing new vulnerabilities into their core operations.
There is a heightened risk of severe cyberattacks during or following the military action in the Middle East, according to S&P Global Ratings (S&P), citing the experience observed in previous geopolitical conflicts.