Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Yahoo Data Breach Settlement Revised to $117.5 Million
Apr 10 2019 // Yahoo has struck a revised $117.5 million settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history. The proposed class-action settlement made...
When Cyber Attack Hit Norsk Hydro, It Was Already Handling a Major Upheaval: RMS
Apr 9 2019 // When Norsk Hydro, one of the world’s largest aluminum producers, was hit by a major cyber attack in the early hours of March 19, it was already undergoing a major upheaval: just the day before the attack, the...
FERMA Criticizes Cyber Insurance Guidelines Proposed by Int’l Standards Organization
Apr 8 2019 // The Federation of European Risk Management Associations (FERMA) is concerned about proposed cyber insurance guidelines being developed by the International Organization for Standardization (ISO), calling them...
Bayer Detects and Covertly Monitors Cyber Attack – Before It Removes Threat
Apr 4 2019 // German drugmaker Bayer has contained a cyber attack it believes was hatched in China, the company said, highlighting the risk of data theft and disruption faced by big business. Bayer found the infectious software on its...
Mercury Insurance Expands Cyber Coverage to Georgia Homeowners, Renters
Apr 4 2019 // Mercury Insurance has launched a home cyber protection offering for homeowners and renters in Georgia. The new coverage will provide Mercury policyholders with cyber insurance protection that includes payment and security...
Corvus Insurance Opens Location in Dallas, Hires Wagner as VP, Cyber Underwriting
Apr 2 2019 // Boston-based Corvus Insurance, an artificial intelligence (AI)-driven insurtech company offering Smart Commercial Insurance policies, has opened an office in Dallas and hired Greg Wagner as vice president of Cyber...
Beazley Adds Products to Broker E-Trading Platform for UK Businesses
Apr 2 2019 // Beazley has added two new product lines to broker e-trading platform myBeazley to meet the needs of UK-domiciled private businesses with a turnover of up to £350 million (US$457.8 million). UK brokers can now access...
Tokio Marine HCC Acquires Cyber Specialist NAS in California
Apr 1 2019 // Tokio Marine HCC has acquired in Encino, Calif.-based NAS Insurance Services LLC. Terms of the deal were not disclosed. The acquisition of NAS represents the continuance of a partnership between NAS and the Tokio Marine...
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...
