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Allianz Commercial: Cyber insureds gain momentum against attackers, but supply chain challenges remain
- Ransomware is the biggest loss driver, accounting for 60% of the value of large cyber claims (>€1mn), while threats posed by supply chains, privacy regulation and social engineering require attention, especially as an uptick in loss activity is expected from Black Friday onwards.
- Despite the increasing level of attacks, analysis of Allianz Commercial cyber claims shows severity is down by 50% and large claims frequency by 30% during H1 2025 to date, driven by larger companies’ elevated detection and response capabilities.
- Cyber resilience gaps in Asia Pacific persist amidst an increasingly threatening landscape.
SINGAPORE – Media OutReach Newswire – 24 September 2025 – The cyber risk and insurance landscape in 2025 reveals a complex and evolving threat environment. Large insured companies are becoming increasingly resilient against cyber-attacks with strengthening of cyber security and preparedness and response capabilities helping to mitigate the impact of some of the large cyber losses in 2025 to date. However, the reliance on digital supply chains, impact of expanding privacy regulation, and more sophisticated social engineering attacks targeting employees are also broadening the scope of potential losses for all companies, according to the latest Cyber Security Resilience Outlook from Allianz Commercial.
During the first half of 2025, analysis of Allianz Commercial cyber claims shows the overall frequency of notifications was in line with activity a year earlier with around 300 claims. Despite the increasing sophistication and volume of attacks companies face, claim severity has declined by more than 50%, while the frequency of large loss claims is down by around 30%, driven by larger companies’ cumulative investments in cyber security, detection and response. However, the expanding risk landscape means there is no room for complacency. Ransomware attacks remain the top driver of cyber incidents while the focus of attackers is also shifting to smaller or mid-sized companies which are less resilient against cyber-attacks and data breaches. Overall, the total number of cyber claims in 2025 is expected to remain stable (around 700), with a seasonal uptick in activity expected around Black Friday at the end of November to year-end.
“Several ransomware events have hit the headlines this year, but overall, we see that insured losses from these attacks have decreased in 2025 to date. Insureds’ increased detection and response capabilities are helping to stop some attacks at an early stage. Every step an attacker progresses, and every minute that they are in the system, the impact goes up exponentially. The cost of a ransomware attack that progresses to data theft and encryption can be 1,000 times higher than an incident that is detected and contained early,” explains Michael Daum, Global Head of Cyber Claims at Allianz Commercial.
Ransomware remains biggest driver of cyber insurance claims
Ransomware attacks accounted for around 60% of the value of large claims during the first half of 2025. High-profile incidents across many industries underscore ongoing threats, although there are signs international co-ordination by law enforcement agencies and the strengthening of cyber security by large corporates is having a positive impact. Attackers are also shifting focus to smaller firms, which are typically less resilient than multinationals, as well as firms in other territories, such as in Asia or Latin America. Ransomware was involved in 88% of data breaches at small and medium firms compared to 39% at large firms, according to Verizon.
As large companies have improved their response capabilities, recent years have seen a shift from purely extortion-based ransomware attacks to double extortion including data exfiltration – 40% of the value of large cyber claims during the first half of 2025 included data theft, up from 25% in all of 2024. Losses involving data exfiltration were more than double the value of those without. The average global data breach cost hit a record high at almost US$5mn in 2024, driven by factors such as the impact of stricter data privacy regulation.
The retail sector has been particularly vulnerable to cyber incidents, entering the top three of most impacted industries, according to analysis of large cyber claims over the past five years, accounting for 9% of claims by value after manufacturing (33%) and professional services firms (18%). Retailers often have high revenues, handle large volumes of personal data, and are vulnerable to business interruption, which all provide leverage when making extortion demands. Large numbers of staff, suppliers and IT systems create a wide attack surface.
Meanwhile, an expanding risk landscape is also broadening the potential scope of losses for companies, with non-attack incidents, such as wrongful collection and processing of data, as well as technical failure, accounting for a record 28% of large claims by value during 2024. At the same time, organizations continue to face new challenges and threats from their growing reliance on digital supply chains, the impact of expanding privacy regulation, and the increasing number of social engineering attacks involving sophisticated impersonations of company staff to gain access to company systems.
Cyber resilience gaps in Asia Pacific amidst an increasingly threatening landscape
The Asia Pacific region experienced the most cyber-attacks in 2024, increasing 13% year-on-year and accounting for 34% of attacks globally, according to IBM. This is corroborated by AON, which reported a 22% rise in cyber insurance claims for Asia Pacific in 2024 over the prior year. Ransomware is also a major concern, and accounts for all of Allianz Commercial’s cyber losses in Asia for the first half of 2025.
“A significant number of companies have selected Asia as home for their complex supply chains as well as outsourcing of key business processes. While organizations recognize third-party and supply chain risk, in practice this is a challenge to mitigate and requires significant cross-functional collaboration internally, from the IT, procurement, to legal and compliance departments. Over the past few years, we have seen increased claim activity resulting from IT supply chain risks, in the form of both malicious attacks and technical failures. As a result, there continues to be an uptick in contractually driven cyber insurance purchases. Businesses in Asia, in particular large companies, have also shown an increase in cyber resilience and appetite for cyber risk transfer solutions, although their overall cyber coverage is generally lower compared to American or European peers.
“That said, a significant portion of large organizations still remain self-insured, and the same applies to small and medium enterprises, which are less resilient and more vulnerable to cyber risks. Asian businesses with overseas presence should also consider multinational cyber solutions, especially those with operations in Australia, US and UK which tend to experience more substantial financial losses arising from privacy litigation and data breaches,” says Karlis Trops, Head of Cyber & Tech Professional Indemnity at Allianz Commercial Asia.
“The global cyber insurance market is predicted to more than double to close to US$30bn by the end of the decade, yet penetration remains relatively low. We need to underline that cyber insurance plays an important role in helping build resilience at a time of rapid technological and regulatory change. Many companies remain unaware of the breadth of coverage offered, which can include costs associated with breach response, business interruption, and regulatory fines and penalties,” says Jarrod Schlesinger, Global Head of Financial Lines and Cyber at Allianz Commercial.
Hashtag: #Allianz
https://commercial.allianz.com/
financial strength, and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust us in providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2024, the integrated business of Allianz Commercial generated around €18 billion in gross premium globally. https://commercial.allianz.com/
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The 15th Canon x McDull Inter-school Ink Cartridge Recycling Award Presentation Ceremony Advancing Environmental Education with Collective Efforts
Adhering to Canon’s corporate philosophy “Kyosei”, Canon Hong Kong has spared no effort to promote environmental conservation and sustainable development, injecting green elements into different kinds of corporate activities. Since the launch of “Ink Cartridge Recycling Program” in 2009, Canon Hong Kong has invited the beloved local cartoon character, McDull, to serve as the program ambassador. With the ambition of cultivating the environmental awareness of the next generation, the program was extended to the education sector in 2011, calling on support from primary and secondary schools in the annual competition. Now in its 15th year, the program has reached an important milestone and received overwhelming responses from more than 300 organizations, housing estates, shopping malls, supermarkets and schools, all helping to set up recycling boxes to encourage the public to recycle used inkjet printer cartridges of all brands. To deepen students’ understanding and engagement with environmental issues, Canon Hong Kong has organized over 230 environmental seminars for participating schools, reaching over 70,000 students with messages about recycling and sustainable development. As of June 2026, over 295,000 ink cartridges were collected. Recycled ink cartridges were dismantled, while the metals and plastics were being recycled into raw materials for other products.
In the welcome speech at the ceremony, Ms. Candy Mau, Director of Corporate Communications and General Administration Division of Canon Hong Kong, affirmed the winning schools for their exemplar dedication in promoting recycling. A total of 8 schools were recognized in the category of “Highest No. of Recycled Ink Cartridges”. Ms. Mau noted that the escalating threat of global warming and climate change has sounded an alarm for the Earth, reminding us of the need to protect the environment together. She emphasized the importance of promoting environmental protection to the young generation from an early age and urged schools to build a better and sustainable society together by continuously promoting environmental education.
After the ceremony, Canon Hong Kong arranged a “Build Your Own Camera” STEAM parent-child workshop for the students and parents. The activity allowed them to assemble and build their own handcraft camera models, thereby learning basic optical principles. Through interactive demonstrations and disassembling camera structures, participants gained a deeper understanding of the science behind imaging while enjoying the joy of creativity, technology and photography. The workshop added a memorable learning experience to the ceremony and brought the event to a successful close.
Hashtag: #Canon #McDull
The issuer is solely responsible for the content of this announcement.
About Canon Hongkong Company Limited
Canon Inc. (TSE:7751) was founded in 1937 in Japan. Its predecessor, Precision Optical Instruments Laboratory, produced Japan’s first 35 mm focal-plane-shutter camera “Kwanon” in 1934. From there, Canon Inc. expanded into the photocopying and printing industries, launching Japan’s first plain paper copier NP-1100 in 1970 and the world’s first inkjet printer BJ-80 in 1985. Through the years, Canon Inc. has acquired in-depth experience in digital imaging product manufacturing, research and development. Pioneering in innovative product development, Canon Inc. holds the most technology patents in the imaging industry. Canon Inc. also makes significant contributions to promote photography. Today, Canon Inc. has a strong global presence, representing one of the most important market players in the imaging, office and industrial product categories. As of 31 December 2025, Canon’s global revenue was US$30 billion.
In 1971, Canon Hongkong Co., Ltd. (Canon Hong Kong) was established as one of the first Canon offices in Asia. Canon Hong Kong is a Total Imaging Solution provider, providing professional pre-sales, marketing and after-sales services for all Canon products and solutions in Hong Kong and Macau. With the solely owned subsidiary Canon Business Solutions (Guangdong) Co., Ltd. established in 2018; the company continues to deliver intelligent total business solutions and professional services to Greater Bay Area. Canon Hong Kong adheres to Canon’s corporate philosophy of “Kyosei”, encouraging the company and staff to engage in social, charitable and environmental activities for the community. Implementing an internationally recognized management system, Canon Hong Kong has achieved ISO 9001, ISO 14001, ISO 45001 and ISO 27001 (Canon Digital Production Center) certifications.
For more information about Canon Hong Kong, please visit our website: 
https://hk.canon.
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Booster Pack 09 “Here He Comes! Our Hero!” & Starter Deck 04 “Ultraman & Ultraman Cosmos” To Be Released on Friday, October 23! The Showa Ultraman Series Makes Its First Appearance!
BP09″Here He Comes! Our Hero!”／SD04 “Ultraman & Ultraman Cosmos”
BP09 “Here He Comes! Our Hero!” and SD04 “Ultraman & Ultraman Cosmos” introduce Ultraman Cosmos, one of the heroes most requested by players, alongside the original Ultraman, who makes his long-awaited debut from the Showa Ultraman series in the Ultraman Card Game.
These products also commemorate the 2nd Anniversary of the Ultraman Card Game, making them a special milestone release.
They also introduce the new “Color System” and the all-new “Boost Card” category. These additions expand strategic possibilities and offer greater deck-building diversity, delivering even more exciting and dynamic battles.
- Promotional Video
- Image: BP09 Booster Pack & SD04 Package
- View image: https://bit.ly/4h10Bj4
Feature 1: Ultraman and Ultraman Cosmos Join the Game!
The original Ultraman and Ultraman Cosmos finally make their debut in the Ultraman Card Game.
Build decks and experience gameplay that faithfully recreates the unique abilities, fighting styles, and identities of these legendary heroes.
- Ultraman also appears as a serial-numbered card in BP08.
To celebrate this milestone, Ultraman is also featured as a serial-numbered card in Booster Pack 08: Converging Bonds, released on Friday, July 10.
- Image: Ultraman and Ultraman Cosmos
- View image: https://bit.ly/3SNXSzy
Feature 2: Introducing the New Card Category – “Boost Cards”
A brand-new card category, Boost Cards, joins Character Cards and Scene Cards as a new card type.
Boost Cards are inspired by iconic elements from across the Ultraman series, including Defense Teams and memorable items used throughout the franchise.
More details on Boost Cards, including gameplay mechanics and previewed card effects, will be revealed at a later date.
- Image: Boost Card
- View image: https://bit.ly/4y8EOMD
Feature 3: New Gameplay Mechanic – “Color System”
BP09 introduces the new Color System.
Under this system, every Character Card belongs to one of five colors:
- Red
- Blue
- Purple
- Yellow
- Green
Cards released before the introduction of the Color System, along with cards that do not have a color attribute, are treated as Colorless, allowing them to remain fully playable.
Combined with Boost Cards, the Color System adds greater deck-building depth, strategic decision-making, and exciting comeback opportunities.
More details on the Color System will be announced soon.
- Image: Colour System
- View image: https://bit.ly/4vt4h0Q
Official Accessories
Two new official card sleeve designs and a new playmat will also be available to help protect and showcase your collection.
1. Ultraman Card Game Official Card Sleeves (Beta Capsule)
Features the Beta Capsule, Ultraman’s transformation device, together with its iconic Ultra Sign.
2. Ultraman Card Game Official Card Sleeves (Cosmo Pluck)
Features Ultraman Cosmos’ transformation device, the Cosmo Pluck, together with its Ultra Sign.
3. Ultraman Card Game Official Playmat (Ultraman)
A playmat featuring the iconic debut scene of Ultraman as its design.
It also includes a newly added Boost Card Area, supporting the latest game rules.
- Image: Accessories (Sleeves, Playmat)
- View image: https://bit.ly/4eON4d3
Booster Pack 09 “Here He Comes! Our Hero!”
- Release Date：October 23rd, 2026 (Friday)
Contents
- 12 cards per pack
- 24 packs per display box
※Box Topper is not included in this release
Starter Deck 04 “Ultraman ＆ Ultraman Cosmos”
- Release Date: October 23rd, 2026 (Friday)
Contents
- 1 50 card pre-constructed deck (20 card types)
- 1 pack of BP09「Here He Comes! Our Hero!」
- 1 playsheet
Ultraman Card Game Official Sleeves 2 types (Beta Capsule/Cosmo Pluck)
- Release Date: October 23rd, 2026 (Friday)
Ultraman Card Game Official Playmat (Ultraman）
- Release Date: October 23rd, 2026 (Friday)
Regarding Ultraman Card Game
The Ultraman Card Game is a trading card game designed based on the Ultraman Universe and combines collectability with playability that appeals to both adults and children.
Official Name: Ultraman Card Game
Distribution Areas: Retail, toy stores, and trading card shops in distribution countries
Official Website:
https://ultraman-cardgame.com/
Official Social Media:
https://x.com/ucg_en (English X)
https://linktr.ee/ultramancardgame (List)
Hashtag: #UltramanCardGame #BP09 #SD04
https://ultraman-cardgame.com/https://linktr.ee/ultramancardgame
https://x.com/ucg_en
The issuer is solely responsible for the content of this announcement.
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Ancient Port, New Voyages: Ningbo’s Smart Manufacturing Expands Global Trade Footprint via Maritime Silk Road
Separated by thousands of miles, the two millennia-old port cities reconnected, leveraging their ports as a bond and cultural exchanges as a cohesive force to hold in-depth talks on integrated port-city development and bilateral economic and trade connectivity.
This cross-Indian Ocean dialogue echoes the ancient Maritime Silk Road while charting a brand-new outbound development path. As a pivotal starting port of the ancient Maritime Silk Road, Ningbo is building a new global trade landscape powered by smart manufacturing.
A thousand years ago, merchant vessels from Mingzhou Port set sail southward loaded with Yue Kiln celadon porcelain, passing through Ceylon to deliver Oriental crafts across the Indian Ocean coasts. Precious gemstones and spices traveled the same sea route back to regions south of the Yangtze River, laying the groundwork for the earliest cultural exchange between the two ports through trade. Today, the cargo carried by giant cargo ships has undergone a dramatic transformation. Beyond traditional daily necessities, intelligent equipment, digital home appliances and industrial robots now dominate shipments.
Official statistics show that Ningbo’s exports of intelligent equipment, including mechanical arms and industrial robots, hit 440 million yuan in 2025, surging more than 40% year-on-year. From January to May this year, Ningbo’s exports of mechanical and electrical products maintained steady growth, reaching 247 billion yuan, a 4.1% year-on-year increase and accounting for 58.0% of the city’s total export volume. The new energy foreign trade sector saw explosive growth, with exports of new energy vehicles, lithium batteries, and photovoltaic products jumping 138.4% year-on-year, with electric vehicle exports skyrocketing 215.9%. Smart manufactured goods are continuously expanding the scope of Ningbo’s foreign trade.
Complementing the Colombo forum, an exhibition highlights Ningbo’s outstanding going-global enterprises and their products, vividly illustrating the profound shift in Ningbo’s trade structure.
Alongside time-honored Maritime Silk Road staples such as celadon porcelain and silk, Ningbo’s smart manufactured products—including AI translation glasses, intelligent outdoor gear and digital small home appliances—occupy prominent display spaces across the venue. In Sri Lanka, Ningbo smart water meters are widely adopted nationwide, while handheld cooling fans and intelligent kitchen appliances have entered ordinary households.
Leveraging Colombo Port’s transshipment advantages, massive volumes of Ningbo smart manufactured goods are distributed onward to Europe, the Middle East and beyond. What Ningbo exports today is no longer mere commodities, but a complete outbound solution integrating technology, brand value and after-sales services.
Faced with mounting challenges including homogeneous global market competition and rising trade barriers, Ningbo’s manufacturing sector has abandoned the old model of low-cost OEM production, relying on intelligent transformation to consolidate its competitive edge in overseas markets.
Over more than a decade of digital transformation efforts, Ningbo has achieved full digital upgrading of all industrial enterprises above designated size. A large number of local factories have built unmanned black-light workshops and flexible production lines, escaping vicious price competition through continuous technological iteration. Represented by five specialized, sophisticated, distinctive and innovative enterprises dubbed Ningbo’s “Five Little Tigers”—famous for their core proprietary technologies, including highly sophisticated visual inspection equipment, heat-resistant materials, sun-proof coatings, puncture-proof materials and self-drilling fasteners—these niche manufacturers have developed differentiated technical routes and full-spectrum production capacity, cementing irreplaceable competitiveness for Ningbo smart manufacturing on global markets.
Beyond trade expansion, Ningbo has built a supporting cultural communication system to ensure “products go global, accompanied by local culture”.
The launch of Sri Lanka’s first “One-Meter Cultural Space” cultural station during the Colombo event marks a tangible milestone of Ningbo’s go-global initiative. Built on enterprises’ overseas outlets, these miniature cultural exhibition halls integrate intangible cultural heritage crafts, urban stories and smart products, enabling overseas clients to experience cutting-edge manufacturing while gaining insight into Ningbo’s profound cultural heritage.
During the twin-city story-sharing session, Ningbo entrepreneurs based in Sri Lanka and local designers blending Chinese and Sri Lankan aesthetics shared stories of bilateral exchanges. Economic and trade ties have evolved into a bond for people-to-people communication, bridging divides in cross-cultural trade.
From Tang-dynasty celadon porcelain sailing across the Indian Ocean to intelligent equipment shipping to every corner of the globe, Ningbo, the ancient Maritime Silk Road port, has preserved its enduring gene of openness. Where exchanges once relied purely on commodity trade, today smart manufacturing underpins a stable, diversified and high-value-added global trade network.
The Ningbo-Colombo dialogue stands as a vivid microcosm of this transformation: the port still links lands and seas, yet the core of its trade has undergone a full intelligent upgrade.
Rooted in its historical legacy as a key Maritime Silk Road hub, Ningbo has consolidated its industrial foundation through a decade of digital development, expanded global market reach via worldwide port networks, and softened trade cooperation through cultural exchanges. This brand-new outbound shipping route forged by smart manufacturing has not only reshaped the city’s foreign trade landscape, but also delivered a replicable port-city development model for Chinese manufacturing to go global.
Hashtag: #NingboSmartManufacturing #MaritimeSilkRoad #GlobalTrade
The issuer is solely responsible for the content of this announcement.
