Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Uber Settles with States for $148M Over Failure to Disclose Data Breach
Sep 27 2018 // Uber Technologies Inc. will pay $148 million for failing to disclose a massive data breach in 2016, marking a costly resolution to one of the biggest embarrassments and legal tangles the ride-hailing company has...
AXIS Specialty UK Offers GCHQ-Certified Training at Cyber Center of Excellence
Sep 27 2018 // AXIS Specialty UK Holdings Ltd. announced it has been certified as a GCHQ Certified Training provider for its course “Understanding Cybersecurity and Insurance.” The training is offered through the AXIS Cyber...
New Paladin Cyber Product for Small, Mid-Sized Businesses Launches in Arizona
Sep 25 2018 // Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with its existing software products and services, the new product will...
The State of NAIC’s Data Security Model Law
Sep 21 2018 // Powered by InsuranceJournal.tv Most states have yet to adopt a cyber security model law for the insurance industry like the one approved by the National Association of Insurance Commissioners in 2017, but one expert...
Equifax Slapped with $658,000 Fine for Privacy Lapses After UK Cyber Attack
Sep 20 2018 // Credit reporting company Equifax Inc. was slapped with a maximum 500,000 pound ($658,000) fine by the U.K.’s privacy watchdog for failing to protect the personal information of as many as 15 million British citizens...
Banks and Insurers Have Improved Their Cyber Defenses
Sep 20 2018 // Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture,...
People
Sep 17 2018 // Paula Downey, president and CEO of CSAA Insurance Group in California since 2010, will retire following a search for her successor. Downey recently led the AAA insurer through a six-year infrastructure transformation. She...
Survey Finds Cyber Crimes Cost German Businesses $50 Billion
Sep 14 2018 // Two thirds of Germany’s manufacturers have been hit by cyber-crime attacks, costing industry in Europe’s largest economy some 43 billion euros ($50 billion), according to a survey published by Germany’s...
Everest Insurance Adds 3 Members to Cyber Practice
Sep 12 2018 // Everest Insurance has expanded its Everest Specialty Underwriters (ESU) Financial Lines group with the addition of three cyber liability team members. This team, led by Vice President and Cyber Practice Leader Kevin...
Verisk Company PCS Adds Global Cyber Industry Loss Index
Sep 11 2018 // Property Claim Services (PCS), a Verisk business, has enhanced its PCS Global Cyber service with coverage for cyber catastrophe events. The inclusion of events with multiple insureds spanning both affirmative and silent...
British Airways Says ‘Sophisicated’ Hacker Stole Data on 380,000 Customers
Sep 10 2018 // British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app. The airline discovered on...
South Carolina to Hold Info Session on New Insurance Data Security Law
Sep 7 2018 // The South Carolina Department of Insurance will hold an information session Monday, Sept. 10, on the South Carolina Insurance Data Security Act for state insurance licensees. According to a media release, it will address...
U.S. Charges North Korean Hacker for WannaCry and Sony Cyber Attacks
Sep 7 2018 // The U.S. government on Thursday charged and sanctioned a North Korean man in the 2017 global WannaCry ransomware cyberattack and the 2014 cyber assault on Sony Corp , U.S. officials said. The charges, part of a strategy by...
Aon Creates $350M of Cyber Capacity, Launches New Solution for Silent Cyber
Sep 7 2018 // Aon plc is continuing its investment in cyber by creating US$350 million of new reinsurance capacity and launching its silent cyber* solution. Aon’s silent cyber solution is designed to partner with carriers in their...
Swiss Re Corporate Solutions Names Marsh’s Codding as Global Cyber Chief
Sep 6 2018 // Swiss Re Corporate Solutions has appointed Sandy Codding as global head of Cyber & Technology. In this role, Codding is responsible for overseeing cyber and technology underwriting guidelines, rating methodology,...
German Officials Worried About Foreign ‘Cyber Bombs’ Against Companies
Sep 6 2018 // A growing number of countries can hack into private computer networks and install malicious software to sabotage another country’s infrastructure, Germany’s domestic spy chief said on Tuesday. China, Russia and...
South Carolina Insurer Data Security Law Should Be Nationwide Role Model
Sep 5 2018 // In October 2017, the National Association of Insurance Commissioners (NAIC) adopted the Insurance Data Security Model Bill, also known as the NAIC “Model Law.” NAIC’s Model Law seeks to establish a...
AIR Worldwide and Capsicum Re Collaborate to Enhance Silent Cyber Models
Sep 4 2018 // Catastrophe modeling firm AIR Worldwide (AIR) announced it is collaborating with reinsurance broker Capsicum Re to enhance the insurance industry’s modeling of what many refer to as “silent” cyber...
Aon Promotes Mulligan to Head of Cyber, Foord-Kelcey to Head of Cyber Innovation
Sep 4 2018 // Aon plc has promoted Catherine Mulligan and Luke Foord-Kelcey within its Reinsurance Solutions business to strengthen its suite of cyber products for insurers. As global head of Cyber for Aon’s Reinsurance Solutions...
Tokio Marine Names Barn from Munich Re as Global Head of Cyber Risk
Sep 4 2018 // Leading international insurance group Tokio Marine Holdings (TMH) has appointed Daljitt Barn to the newly created post of global head of cyber risk. Barn, who will be based in London, joins from Munich Re and is an...
