Cyber attacks are becoming so frequent that ins. costs are soaring, as the ins. industry is under growing pressure to help bail out corporates facing ransomware attacks and other forms of cyber crime, according to the Financial Times. The cost of cyber ins. coverage for companies rose 130% y-o-y in the US and 92% y-o-y in the UK during the last quarter of 2021, as cyber criminality became a “real problem in the corporate world through are reacting to that and working out how to underwrite it,” says Adrian Cox, CEO of London-based ins. provider Beazley. Some ins. players have decided to stop providing cyber coverage altogether, because of how much pressure the payouts have created for their balance sheets, ultimately leading to less ins. supply and driving up costs even more.

The antidote? Government intervention to counter cyberattacks, Cox suggests, warning that the growing prevalence of cyber criminality could lead to “unaffordable” ins. We also have a rundown of what you can prepare yourself and your business against phishing scams.

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US business schools are dominating the Financial Times’ 2022 Global MBA ranking, with seven of the top 10 spots going to US universities, largely because their alumni are now raking in some of the highest annual salaries, according to the salmon-colored paper. Wharton and Columbia landed in the top two spots, while Harvard, Northwestern’s Kellogg School of Management, Stanford, and University of Chicago: Booth are also listed in the top 10. Wharton’s alumni reported the highest overall average annual income in 2021 at USD 238,000, which is higher than average salary for the alumni of the 100 schools ranked this year at USD 161,000.

Other schools in the top 10: Insead (France and Singapore), London Business School, and Iese Business School (Spain).