Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
FBI, Global Regulators Investigating Facebook’s Largest-Ever Data Breach
Oct 15 2018 // Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc announced on Friday, as the social media company said its largest-ever data theft...
Cryptocurrency Theft Soars to $927 Million During 1st Nine Months of 2018: Report
Oct 12 2018 // Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from...
Stolen Apple IDs Used by Hackers to Steal Cash, Warn Chinese Digital Payments Firms
Oct 11 2018 // Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach...
The Hits Keep Coming: More Transitional Cybersecurity Requirements in New York
Oct 10 2018 // It has been more than a year and a half since the New York Department of Financial Services cybersecurity regulations (cyber rules) came into effect, and yet another compliance deadline has passed. Broadly, “covered...
Generali Launches Cyber Insurance Function and Cyber Security Subsidiary
Oct 9 2018 // Generali has launched a new Cyber Insurance function and the formation of a cyber security company. The Cyber Insurance function will combine a range of cyber insurance solutions with the support of a technology start-up,...
North Korean Hackers Tried to Steal $1.1B over 4-Year Period: FireEye Report
Oct 8 2018 // A North Korean hacking group focused on financial gain for the rogue state has penetrated banks around the world with a series of ongoing attacks, and has tried to steal at least $1.1 billion over the last four years,...
Israeli Risk Modeling Firm Kovrr Launches Silent Cyber Risk Identification Product
Oct 5 2018 // KOVRR, a provider of predictive modeling for cyber insurance, announced a silent and affirmative cyber risk product. The new product enables insurance and reinsurance carriers to identify uncalculated capital at risk and...
Cyber Reinsurers Aim to Master the Dangers of Global Accumulation
Oct 5 2018 // Cyber insurance is a market with enormous growth potential – but one that also has the potential to become a costly, worldwide event in a matter of seconds. Unlike natural catastrophes, cyber isn’t limited to...
New Cyber Insurance Package Protects Hedge Funds’ Trade Secrets and Fees
Oct 5 2018 // Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a...
MGA Ascent Underwriting Appoints Stops from Brit as Head of Cyber
Oct 4 2018 // Ascent Underwriting, the London-based cyber and specialty lines managing general agent (MGA), has appointed Caspar Stops as head of cyber. Stops, who will take up the role at the end of November, joins from Brit Ltd. where...
Russia’s Military Has Led Campaign of Cyber Attacks Across Globe, Says UK
Oct 4 2018 // Russia’s military intelligence service has led a campaign of “indiscriminate and reckless cyber attacks targeting political institutions, businesses, media and sport,” the U.K.’s National Cyber...
U.S. Warns of New Cyber Attacks by Group with China Ties
Oct 4 2018 // The U.S. government on Wednesday warned that a hacking group widely known as cloudhopper, which Western cybersecurity firms have linked to the Chinese government, has launched attacks on technology service providers in a...
Zurich Updates Cyber Insurance Policy, Includes More Coverages
Oct 3 2018 // Zurich Insurance has launched Zurich Cyber Insurance Policy with an updated form designed to help businesses protect themselves from cybersecurity risks. The new form replaces Zurich’s Security & Privacy policy...
What Comes Next in Facebook’s Major Data Breach
Oct 2 2018 // For users, Facebook’s revelation of a data breach that gave attackers access to 50 million accounts raises an important question: What happens next? For the owners of the affected accounts, and of another 40 million...
UK’s Tesco Bank Slapped with $21.4M Fine for ‘Foreseeable’ Cyber Attack in 2016
Oct 1 2018 // Britain’s markets watchdog has fined Tesco 16.4 million pounds ($21.4 million) for failing to protect account holders at its bank from a “foreseeable” cyber attack two years ago. The Financial Conduct...
Guy Carpenter Taps O’Brien from Marsh as Head of Cyber Centre of Excellence
Oct 1 2018 // Guy Carpenter & Co. announced the appointment of Siobhan O’Brien as head of the Cyber Centre of Excellence for International and Global Specialties, with effect from Oct. 1. Based in London, O’Brien will...
Firms Using Connected Devices Not Worried About Increased Cyber Risk: Survey
Oct 1 2018 // Business that use artificial intelligence, drones, robotics, wearable sensors or other connective technologies can increase their chance of being a cyber attack victim because these technologies give cyber criminals new...
Travelers Risk Index: Businesses Believe a Cyber Attack is Inevitable
Oct 1 2018 // Cyber risks are the No. 2 concern across all business sizes and industries, and the percentage of businesses reporting they have been the victim of a cyber attack has doubled, according to a new industry report by...
50 Million Facebook Accounts Exposed to Takeover in Huge Breach
Sep 30 2018 // Facebook Inc. said on Friday that hackers stole digital login codes allowing them to take over nearly 50 million user accounts in its worst security breach ever given the unprecedented level of potential access, adding to...
New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses
Sep 28 2018 // Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and...
