Symantec News

Firms Turn to Kidnap Insurance Policies to Cover Ransomware Losses

Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup losses caused by ransomware viruses such as “WannaCry,” insurers say. Cyber insurance can be expensive to buy and is not …

European Cyber Police Hunt for Culprits of Global Ransomware Attack

Days after the global cyber attack, U.K. police are trying to figure out whether it was an established network of criminals, state-backed hackers or bored teenagers that crippled the country’s health service. The malware campaign affected more than 200,000 computers …

WannaCry Ransomware Hackers Threaten to Release More Malicious Code

Governments turned their attention to a possible new wave of cyber threats on Tuesday after the group that leaked U.S. hacking tools used to launch the global WannaCry “ransomware” attack warned it would release more malicious code. The fast-spreading cyber extortion campaign, which has …

Hackers’ Ransom Demands Rise as Victims Keep Paying: Symantec

Hackers are demanding increasingly hefty ransoms to free computers paralyzed with viruses, as cyber criminals seek to maximize profits from large numbers of victims willing to pay up, according to cyber security firm Symantec Corp. The average demand embedded in such malicious software, which …

Travelers Adds Symantec Cybersecurity Services to Cyber Policies

The Travelers Companies, Inc. is now offering cybersecurity services from Symantec Corp. to eligible Travelers cyber policyholders. Symantec will provide a cyber resilience readiness assessment, cybersecurity awareness training videos and a security coach helpline, among other services. Travelers cyber customers …

CFC Underwriting Upgrades Global Cyber Product

Specialist lines underwriting agency, CFC Underwriting, has launched a revamped and upgraded cyber insurance product for global markets. The new look product provides includes the provision of first party cover on an “each and every claim” basis, said CFC Underwriting, …

Can Your ‘Smart’ Appliances Be Trusted with Your Personal Data? Probably Not…

Your fridge is getting so smart, security-software maker Kaspersky Lab thinks you probably shouldn’t trust it. As makers of household appliances fill their machines with computer chips to make them smarter, consumers and privacy watchdogs should beware the data collected …

New Spyware Targeting Companies Across the Globe

A previously unknown hacking group variously dubbed “Strider” or “ProjectSauron” has carried out cyber-espionage attacks against select targets in Russia, China, Iran, Sweden, Belgium and Rwanda, security researchers said on Monday. The group, which has been active since at least …

BHSI Offers Cyber Liability Cover in New Zealand; Marshall to Lead Product Line

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has introduced cyber liability insurance in New Zealand and appointed Ian Marshall to lead the product line locally as senior underwriter, Executive & Professional Lines. BHSI’s new cyber liability policy covers …

BHSI Launches Cyber Liability Cover in Australia; Osgood Leads Product Line

Berkshire Hathaway Specialty Insurance Company (BHSI) announced it has introduced cyber liability insurance in Australia and named Emma Osgood as head of Cyber Liability in the region. BHSI is focusing on the mid-to-large-tier market segment and will tailor solutions for …