Cybersecurity insurance , Ransomware , Critical Infrastructure Security Resilience report highlights financial impact of ransomware on manufacturing April 29, 2026 Share By SC Staff (Adobe Stock) As reported by Security Week, a new analysis from Resilience, a firm specializing in insurance and risk decision support, quantifies the financial losses associated with specific cyber threats, particularly ransomware, within the manufacturing sector. The report, drawing on insurance claims data from March 2021 to February 2026, reveals that ransomware accounts for 90% of incurred losses despite representing only 12% of claims in the manufacturing industry, which is the most targeted sector. Key failure points identified include software vulnerability exploits, contributing 13% of losses, underscoring the need for improved patching. More significantly, multi-factor authentication (MFA) misconfigurations are responsible for 26% of financial losses, a figure double that of exploit losses and a primary enabler of major ransomware attacks like one attributed to BlackCat. The analysis also notes that transfer fraud and email compromise, often stemming from phishing and credential compromise, constitute 30% of claims. Resilience recommends continuous MFA validation, enhanced monitoring, and out-of-band confirmations for financial transactions to mitigate these risks. Source: Security Week An In-Depth Guide to Ransomware Get essential knowledge and practical strategies to protect your organization from ransomware attacks. Learn More SC Staff Related Cybersecurity insurance Cowbell Cyber launches new insurance for advanced digital risks SC Staff April 22, 2026 Cowbell Prime One offers up to $10 million in coverage, including affirmative coverage for artificial intelligence-related incidents and quantum computing risks. Incident Response First CIRM warranty protecting employees from breach liability announced Laura French March 11, 2026 BreachRx warranty covers up to $3 million in personal or corporate penalties stemming from an incident. Cybersecurity insurance Coalition adds deepfake response to cyber insurance policies globally SC Staff December 10, 2025 The endorsement provides coverage against deepfake incidents, such as a CEO appearing to make damaging remarks or an employee's likeness being used to manipulate stock prices. Get daily email updates SC Media's daily must-read of the most current and pressing daily news Business Email By clicking the Subscribe button below, you agree to SC Media Terms of Use and Privacy Policy . Subscribe Related Terms Business Impact Analysis (BIA) British Standard 7799 Chain of Custody Competitive Intelligence Data Custodian Due Care Due Diligence You can skip this ad in 5 seconds