cyber News

Idaho Governor Orders Cybersecurity Improvements for the State

Idaho Gov. C.L. “Butch” Otter has signed an executive order aimed at protecting the state’s computer networks from hackers. The order signed this week creates a director of Information Security position, with that person reporting directly to the governor. The …

Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service

Canada’s main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document seen by Reuters. …

Stolen Laptop in California Held Info from Thousands of Hospital Patients

Officials at Children’s Hospital Los Angeles say a laptop stolen from a physician’s car last year may have contained personal health information for nearly 3,600 patients. The Los Angeles Daily News reported thousands of families whose children were treated at …

Beazley Launches Pleasure Craft Cover on E-Trading Platform

Beazley, a specialist marine insurer, announced that its custom pleasure craft insurance is available to quote and bind via the myBeazley online risk platform. Beazley pleasure craft policies cover a wide range of vessels, from small boats to luxury yachts, …

Gaps in Insurance Cover Expose Shipping Firms to Cyber Risks

Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global prices. Digitalization means electricity networks, emergency services, industry and agriculture …

Business Interruption Remains Top Corporate Concern in 2017: Allianz

Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a new Allianz report. …

Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF

Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision to leave the European Union and the ballot-box success of U.S. President-elect Donald Trump, the World Economic Forum (WEF) said. …

2017 Cyber Risks to Intensify as Hackers Become More Cunning: Report

Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according to a report published by Stroz Friedberg, an Aon …

California College Pays Hacker Ransom for Compromised Student Data

A California community college has paid a $28,000 ransom after a hacker took student data hostage. The Los Angeles Daily News reported that 1,800 Los Angeles Valley College teachers and staff were locked out of their computers last week, leaving …

Decline in Reinsurance Prices Slowed at January Renewal: Carpenter

Reinsurance pricing continued trending downward at the Jan. 1, 2017 renewal — across most classes of business and geographies, but the pace of that decline is slowing, according to Guy Carpenter & Co. Although several sectors experienced increased loss activity, …