Ransomware Attacks Surge 600% in Australasia Amid Soft Cyber Insurance Market

• •Ransomware activity in Australasia increased by over 600% in 2026.
• •New Zealand's cyber insurance market remains soft despite rising claims severity.
• •52% of ransomware attacks are attributed to organized crime.

Ransomware activity in Australasia has surged over 600%, with organized crime responsible for 52% of attacks. New Zealand's cyber insurance market remains soft, offering ample capacity despite rising ransomware claims. In 2025/26, the National Cyber Security Centre (NCSC) reported 369 incidents of potential national significance, with 162 linked to financially motivated actors, marking an 18% increase. Notably, ransomware claims in New Zealand saw a rise in severity and cost, driven by business interruption. The average price for stolen identity packages has also increased significantly, indicating a greater value placed on personal data by criminals. Attackers are increasingly using indirect routes, such as supply-chain compromises, to penetrate well-defended organizations. This trend highlights the need for businesses to understand their position within a broader digital ecosystem.