Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
AIG Names Baich, Formerly with Wells Fargo and NSA, as Information Security Officer
Apr 1 2019 // American International Group announced that Rich Baich will join the company as senior vice president, chief information security officer, effective April 22. In this role, Baich will lead the firm’s global...
Sayata Labs Raises $6.5M for Cyber Risk Underwriting Service
Mar 28 2019 // Tel Aviv-based Sayata Labs has raised $6.5 million in seed funding for its cybersecurity and data science capabilities that give insurers and brokers the ability to assess the cyber risk of small and medium sized...
N.Y. Cyber Reg: A Third-Party Service Provider Compliance Framework
Mar 27 2019 // This writing presents a framework that if adopted by insurance agencies and carriers could simplify and minimize the cost of complying with the New York Department of Finance Regulation 23 NYCRR Section 500.11...
Report Finds Rise in State-Sponsored Cyber Attacks on Financial Firms
Mar 27 2019 // Cyber attacks on financial institutions are increasingly being linked to nation-states, resulting in destructive and disruptive damages rather than just theft, according to a report by the Carnegie Endowment for...
Marsh Partners with Insurers on Program to Help Firms Pick Best Cybersecurity Products
Mar 27 2019 // What the insurance industry has done for auto and building safety products, insurance broker Marsh wants to extend to cybersecurity products. That is, recommend the cybersecurity products that are the most effective. The...
Norsk Hydro Returns Major Production Division to 60% of Capacity After Cyber Attack
Mar 26 2019 // Norsk Hydro, one of the world’s largest aluminum producers, said on Monday one of its major divisions was back up to 60 percent of capacity after a cyber attack earlier in March. The cyber attack forced the company...
How to Turn Today’s Confusion Into a Sustainable Cyber Insurance Market
Mar 26 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Supreme Court Denies Amazon’s Bid to Halt Suit Over Hack of Zappos
Mar 25 2019 // The U.S. Supreme Court turned away an appeal by Amazon.com Inc.’s Zappos unit, letting a lawsuit proceed over a 2012 hack that exposed the personal information of 24 million customers. The online shoe and clothing...
Vermont Hospital Email Hack Exposes Info of More Than 72,000
Mar 25 2019 // Officials at a Vermont hospital say the information of more than 72,000 people may have been exposed during an email hack. Rutland Regional Medical Center says the email accounts had information such as patient names,...
New Coalition Cyber Policy for Manufacturers Covers Security Failures, Data Breaches
Mar 22 2019 // Coalition, a cyber insurance company for small and midsize businesses, has launched a full-spectrum coverage to insure manufacturers against security failures and data breaches. The Coalition policy encompasses the...
Cyber Insurance Specialist, CFC, Comments on Lessons of Norsk Hydro Cyber Attack
Mar 22 2019 // Norsk Hydro, one of the world’s largest aluminum producers, is still struggling to return to full production, after a ransomware attack shut down its operations on Monday. “We are continuing to make progress...
Norsk Hydro Unit Begins Operating at 50% of Capacity After Cyber Attack
Mar 21 2019 // Norsk Hydro, one of the world’s largest aluminum producers, said a key unit is operating at only 50 percent of capacity following a cyber attack on the company this week. “Extruded Solutions is working hard to...
Norsk Hydro Using Backup Servers to Restore Systems After Ransomware Attack
Mar 20 2019 // Norsk Hydro, one of the world’s largest aluminum producers, has made some progress restoring operations but is not yet back to normal after it was hit by a ransomware cyber attack, the company said on...
Norsk Hydro Cyber Attack Exposes Risks of Global Supply Chain Disruptions
Mar 20 2019 // The ransomware attack crippling one of the world’s top aluminum makers is exposing how crucial sophisticated digital systems have become in the centuries-old industry of turning mined rock into metal...
Ransomware Attack on Aluminium Producer Norsk Hydro Is Similar to Other Breaches
Mar 20 2019 // Norsk Hydro ASA confirmed that a ransomware attack was behind production outages across the aluminum producer’s operations in Europe and the U.S. The perpetrators are still unknown but the work is similar to other...
Update: Cyber Attack at Aluminium Producer Norsk Hydro Causes Production Outages
Mar 19 2019 // Norsk Hydro ASA, one of the world’s biggest aluminum producers, suffered production outages after a cyber attack affected operations across Europe and the U.S. The company said it was still working to contain the...
Real Life Examples Show Why Businesses Must Boost Their Cyber Defenses
Mar 18 2019 // When cyber thieves attacked Empire Industries’ computer network, technology manager Rich Shemanskis could see files in the process of being infected by malicious software. “We were looking at the network, and I...
Serving Up The Right Coverage
Mar 18 2019 // It’s a good time to be in the restaurant industry. Restaurant sales in 2018 were projected to reach $825 billion — a 3.1 percent increase over 2017, according to the National Restaurant Association (NRA)....
Insurtech Corvus Launches Smart Cyber Excess Insurance with $10M Limit
Mar 14 2019 // Boston-based insurtech company Corvus Insurance has expanded its underwriting appetite for its Smart Cyber Insurance product lines with the launch of an excess cyber insurance policy designed to give brokers the ability to...
Philippines’ RCBC Sues Bangladesh Central Bank over ‘Vicious’ Cyber Heist Claims
Mar 13 2019 // A Philippine bank has filed a lawsuit accusing Bangladesh’s central bank of defamation, hitting back at what it says are baseless claims of its complicity in the world’s biggest cyber heist. In February 2016,...
