This Week's Top Five Stories in Cyber Canvas Hack: Why did Instructure Pay Ransom to ShinyHunters? In a controversial decision in cybersecurity, edtech giant Instructure has paid ransom to ShinyHunters, after the threat group hacked into widely adopted educational software Canvas – twice. The popularity of the tool meant widespread disruption across thousands of institutions in the US, Canada, Australia and the UK with studies affected, exams postponed and sensitive student data stolen. ShinyHunters claimed they stole over 3.5 terabytes of data, which includes personal identifying information such as names, email addresses, student ID numbers and messages between teachers and students. Instructure said the hackers agreed to return the data, prove they destroyed their copies and promise not to bother customers for money. Gallagher: Is AI & Cyber Insurance a New InsurTech Frontier? Cybersecurity professionals are confronting a new reality in 2026 where AI deployment and cyber risk management are no longer separate disciplines. According to the latest Q1 2026 Global InsurTech Report from Gallagher Re, investment into AI-focused insurance companies reached US$1.63bn in the first quarter of the year. This figure represents a marginal decrease from the US$1.67bn recorded in Q4 2025, but shows sustained capital interest in technologies that address digital risk. Freddie Scarratt, Global Deputy Head of InsurTech at Gallagher Re, says: "The accumulation of silent AI risk represents a fundamental threat to underwriting discipline – it creates a scenario where insurers are providing 'accidental' capacity for complex, high-stakes events they have neither modelled nor priced." Daybreak: OpenAI's New Dawn of AI Cyber Defence with GPT 5.5 OpenAI has launched Daybreak, a platform designed to embed AI models into software development and security workflows. The company describes the tool as built to help defenders see risk earlier and act sooner. The premise could appeal to security teams