cyber News

Experts: Forget Government, Companies Must Step up to Combat Cyber Threats

Don’t rely on the U.S. government to protect your business from cyber threats. That was the consensus among experts speaking about cyber programs at a risk management conference on Tuesday. “The U.S. government hasn’t done a lot to protect cyberspace,” …

More Clients Want Cyber Cover with BI, Supply Chain Protection: Beazley, Munich Re

Beazley and Munich Re, through their Vector partnership, have reported strong demand for “holistic cover” to protect against cyber attacks and resulting business interruption and supply chain risks. Vector was established in 2015 to offer tailor-made expertise and capacity for …

May 2018 Deadline for EU’s Cyber Rule, GDPR, Spurs Corporate Action: Marsh

The upcoming implementation of the European Union’s General Data Protection Regulation (GDPR), which takes effect in May 2018, has elevated cyber risk to the top of the corporate agenda for organizations doing business in Europe according to a survey conducted …

UK Broker Capsicum Re Appoints Williams as Cyber Security Specialist

Capsicum Re, the London-based specialist reinsurance broker, announced the appointment of Conrad Williams as the latest addition to its cyber team. He will report to Ian Newman and Samantha Thompson, partners in Capsicum Re’s London property and specialty division, and …

Beazley to Manage Data Breaches for Generali Brazil’s Cyber Insurance Clients

Beazley, a specialist in data breach response insurance, has partnered with Generali Brazil to manage data breaches for Generali’s corporate and commercial cyber insurance customers. Beazley will coordinate the breach response for policyholders, including IT experts, legal services, identity monitoring, …

Deloitte Targeted by Hackers Accessing Data From Internal Email Platform

Following record results that flagged the growth of its cyber security business, Deloitte LLP has revealed that it has been successfully targeted by a cyber attack that let hackers access data from an internal email platform. The auditing and consulting …

Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders

Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise. After a spate of expensive court …

Cyber Spies with Possible Russian Links Targeted European Hotel Guests: FireEye

A cyber-spying group with suspected links to Russian military intelligence was probably behind a campaign targeting hotel guests in eight mostly European countries last month, researchers at security firm FireEye said on Friday. The espionage group, dubbed APT 28, sought …

Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG

Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American International Group Inc. said. The American insurer saw …

Canada’s Economical Offers Cyber Cover for Business Losses After Data Breaches

Economical Insurance has launched cyber coverage that is available to commercial policies to support Canadian businesses in the event of a data breach. Called “EXPERT Cyber,” the Economical product provides response services and coverage for both first- and third-party losses …