Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Swiss Re Partners with Insurtech Firm OZON, Offering Cyber Risk Solution in France
Feb 5 2019 // Swiss Re Corporate Solutions is expanding its cyber offering by launching CyberSolution 360°, a risk management solution that combines insurance with cyber attack protection services. Developed in the exclusive...
Connecticut City Recovers About Half of Money Lost in Hacking Scheme
Feb 4 2019 // A Connecticut city says it has recovered more than half the nearly $1 million stolen from city accounts during a 2016 hacking scheme. An attorney for the city of Norwalk said Wednesday that by filing claims, complaints and...
Cyber Attack, or Act of (Cyber) War?
Feb 4 2019 // How a Small Distinction Can Nullify Insurance Coverage In June 2017, the NotPetya virus crippled many large companies including Merck and Mondelez (the manufacturer of Nabisco, Cadbury, and Toblerone). The aggregated...
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Feb 4 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
Minnesota Department Reports Data Breach, up to 3K Exposed
Feb 1 2019 // The Minnesota Department of Human Services says a data breach potentially exposed personal information on up to 3,000 people. Commissioner Tony Lourey tells legislative leaders it happened Sept. 28 when an employee fell...
Cybersecurity Expert Tapped for Oklahoma’s Top Emergency Management Post
Feb 1 2019 // Oklahoma Gov. Kevin Stitt has appointed a longtime cybersecurity expert as the state’s new director of the Department of Emergency Management. Stitt announced the hiring this week of Mark Gower to lead the agency...
Final Implementation Deadline Approaching for New York’s Cybersecurity Regulation
Feb 1 2019 // The final implementation period for the New York Department of Financial Services’ (DFS) cybersecurity regulation covering DFS-regulated entities and licensed individuals ends March 1, 2019. New York’s...
Judge Nixes $50 Million Yahoo Email Breach Settlement
Jan 31 2019 // A U.S. judge rejected Yahoo’s proposed settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history, faulting the Internet services...
CIA Says China, Russia Pose Biggest Cyber Attack Threats to U.S.
Jan 30 2019 // Russia and China pose the biggest espionage and cyber attack threats to the United States and are more aligned than they have been in decades, the leader of the U.S. intelligence community told U.S. senators on...
Thefts, Scams of Cryptocurrencies Surge 400% to $1.7 Billion in 2018
Jan 30 2019 // Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday. Of...
Singapore Data Leak of Records of 14,200 HIV Patients Blamed on U.S. Citizen
Jan 29 2019 // Records of as many as 14,200 people with HIV and their 2,400 contacts have been “illegally disclosed online”, Singapore’s health ministry said in a statement, marking the second cyber attack the...
Global Malware Attack Could Cost Insurers $27 Billion
Jan 29 2019 // A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for risk management...
Delaware Officials Say Data Breach Affects Five Companies, 650 Consumers
Jan 28 2019 // Officials in Delaware say a data breach at a third-party administrator for health insurance companies has affected five companies and 650 consumers. The Department of Insurance announced Thursday that BenefitMall’s...
French Engineering Consultancy Altran Tech Hit by Cyber Attack
Jan 28 2019 // French engineering consultancy Altran Technologies was the target of a cyber attack last Thursday that hit operations in some European countries, it said on Monday. Altran said it had shut down its IT network and...
AmWINS Launches Social Engineering Crime Insurance Product
Jan 28 2019 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has launched a new product designed to protect insureds against social engineering losses while also providing education and risk...
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Jan 24 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
M&T Insurance Agency Hires Batt in Washington D.C.
Jan 22 2019 // M&T Insurance Agency (MTIA) has hired Jeffrey Batt to its Washington, D.C., office as the cyber insurance practice leader. In this role, he will manage client relationships by providing cyber insurance and risk...
Corporate Culture, Cyber Risk Are Top of Mind for D&O Underwriters
Jan 21 2019 // Transparency and culture awareness were the key takeaways from a panel discussion on top directors and officers’ claims trends that took place at this year’s Professional Liability Underwriting Society (PLUS)...
How to Prevent Small Business Clients from Hitting Cyber Blind Spots
Jan 21 2019 // Ask 5 Key Questions to Help Identify Cyber Risk In an increasingly digital world, it’s important that small businesses don’t get left behind when fending off cyber threats. While a recent study by Forbes...
Hiscox Stages Cyber Attack to Show Small Businesses What It’s Like to Be Hacked
Jan 18 2019 // Hiscox, a specialist in small business and cyber insurance, recently staged a “real world” hack to demonstrate what a cyber attack would look like for small businesses. The insurer collaborated with UK bike...
