Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
How the U.S. Cyber Insurance Market Is Performing: Aon Report
Jul 10 2018 // The number of U.S. insurers providing cyber insurance continues to grow along with instances of cyber attacks. In 2017, 170 U.S. insurers reported writing cyber insurance, up from 140 in 2016 and 119 in 2015, according to...
Impact of Court Ruling Chubb Unit’s Crime Policy Covers ‘Spoofed’ Wire Transfer
Jul 9 2018 // In a closely-watched case on insurance coverage in an age of expanding cyber risk, a federal appeals court in New York has upheld a lower court ruling that a commercial crime insurance policy covers wire transfer losses...
Travelers Europe Launches Stand-Alone Cyber Product for UK, Ireland Businesses
Jul 9 2018 // Travelers Europe announced the availability of Travelers CyberRisk, a new standalone cyber insurance product for organizations of all sizes in the United Kingdom and Ireland. Travelers CyberRisk provides liability and...
Jury Convicts Press Release Hackers Involved in Illegal Trading Scheme
Jul 9 2018 // A federal jury in Brooklyn, New York on Friday convicted two men for their roles in an international scheme to make millions of dollars by illegally trading on corporate press releases that were stolen by computer hackers...
UK Financial Firms Need ‘Plan B’ for Inevitable Disruptions from Cyber Attack: BOE
Jul 5 2018 // Many U.K. financial firms don’t have a Plan B to fall back on if they’re hit by a cyber attack. The Bank of England wants to change that. Financial regulators told firms to come up with a detailed plan for...
California’s Data Privacy Law a Concern, Opportunity for Insurance Industry
Jul 3 2018 // California is on track to have what will be the nation’s most far-reaching law to give consumers more control over their personal data. The new law may be both a big concern, as well as a new and important...
Lloyd’s Index Shows $92B at Risk in North American Cities Each Year
Jul 2 2018 // Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s shows. Lloyd’s newly issued City Risk Index, which produces...
Ticketmaster UK Reports Possible Hack of Customer Data
Jun 28 2018 // Ticketmaster UK said it had identified malicious software on a customer support product hosted by an external supplier, and some of its customers’ personal or payment data may have been accessed by an unknown...
States Agree Not to Fine Equifax Over Data Breach
Jun 28 2018 // Equifax Inc. on Wednesday avoided fines in a deal with eight states’ banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting agency agreed to...
Top Practice Areas for Lawyers’ Malpractice Claims
Jun 28 2018 // New malpractice claims against lawyers are being driven by inadequate safeguards against conflicts of interest, along with participation in certain expanding and complex practice areas, according to a new study by...
Russian Hackers Planning ‘Massive Strike’ Against Ukraine: Cyber Police Chief
Jun 27 2018 // Hackers from Russia are infecting Ukrainian companies with malicious software to create “back doors” for a large, coordinated attack, Ukraine’s cyber police chief told Reuters on Tuesday. The hackers are...
Chubb Enhances Global Cyber Incident Response Management Capabilities
Jun 26 2018 // Chubb announced that it has enhanced its cyber incident response management capabilities and launched two new ways of accessing the service: a mobile application and a dedicated website. As the threat of cyber risks facing...
Most Global Organizations Fail to Learn from Cyber Mistakes: WTW Survey
Jun 22 2018 // A majority of executives around the world feel their organizations can do better when it comes to learning from their past cyber mistakes, according to the results of a global survey conducted by The Economist Intelligence...
Timeline: More Than $1 Billion in Cryptocurrency Thefts Since September 2012
Jun 22 2018 // Investors’ shaky confidence in virtual currencies took another hit after crypto exchange Bithumb, ranked seventh in the world by traded value on Coinmarketcap.com, suffered a hack that saw about 35 billion won ($32...
Small Businesses That Ignore Lessons from Cyber Attack Likely to Suffer Another: Hiscox
Jun 20 2018 // While 47 percent of small businesses suffered at least one cyber attack in the past year, only 35 percent of them took action following a cyber security incident to mitigate against another. Forty-four percent of small...
Hackers Steal $32M from S. Korean Cryptocurrency Exchange Bithumb
Jun 20 2018 // South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks...
Insurer Liberty Faces Scrutiny from South Africa Regulator over Cyber Attack
Jun 19 2018 // Insurer Liberty Holdings faced questions from South Africa’s Information Regulator on Monday, a day after the company said it had become the victim of a cyber attack. The regulator said it was concerned about the...
South Africa Insurer Liberty Refuses to Pay Ransom Demand After Data Breach
Jun 18 2018 // Liberty Holdings Ltd., the South African insurer midway through an overhaul to improve profit, said it refused a ransom demand after hackers breached its information-technology infrastructure and accessed some emails. The...
Insurtech MGA Corvus Insurance Launches ‘Smart’ Cyber Coverage
Jun 18 2018 // Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a...
Personal Cyber Insurance-Security Packages Being Tested with Wealthy
Jun 18 2018 // Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats. What makes Jerry Hourihan lose sleep is that everyone’s information already...
