Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Malaysia, Australia Investigate Massive Commercial, Governmental Data Breaches
Nov 2 2017 // Malaysia is investigating the theft of mobile-phone records for 46.2 million customers, while an online security lapse in Australia exposed personal details of almost 50,000 employees. The Malaysian government is working...
Allied World Adds Phishing Assessments to Cyber Risk Management Platform
Nov 1 2017 // Allied World Assurance Company Holdings, GmbH, has added a new service to the Allied World//FrameWRX cyber risk management product through Symantec Corporation’s Cyber Division. The new service provides Allied...
Basic IT Best Practice Would Have Limited WannaCry Cyber Attack: UK Report
Oct 30 2017 // The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak defense against such...
AIG Expanding Commercial Casualty Policies to Include Cyber Coverage
Oct 27 2017 // American International Group Inc. said it would include cyber coverage to its commercial casualty insurance during the first quarter of 2018, a move that would boost rates but make it clearer how customers are covered if...
XL Catlin Taps Allianz’ Broodryk as Cyber Product Leader, APAC Financial Lines
Oct 27 2017 // XL Catlin’s insurance operations announced the appointment of Max Broodryk as product leader of Cyber Risk, International Financial Lines for Asia Pacific, based in Sydney. In this role, Broodryk will be responsible...
Brit Global Specialty Adds Nationwide’s Mocio to U.S. Cyber Team
Oct 25 2017 // Brit Global Specialty has appointed Courtney Mocio as vice president, Cyber & Technology. In this role, Mocio will be responsible for helping to grow Brit’s cyber and technology portfolio in the U.S. Mocio brings...
British Financial Regulator Investigates Equifax Hacking of UK Customer Data
Oct 24 2017 // Britain’s markets watchdog said it has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000 UK citizens. “The Financial Conduct Authority announces...
Canada Concerned About Cyber Attacks Targeting Critical Infrastructure: Source
Oct 24 2017 // The Canadian government is “really worried” about cyber attacks that have targeted critical infrastructure and has helped companies improve their defenses without disclosing hacks to the public, a senior...
U.S. Warns of Hacker Attacks on Energy, Aviation, Manufacturing Industries
Oct 23 2017 // The U.S government issued a rare public warning that sophisticated hackers are targeting energy and industrial firms, the latest sign that cyber attacks present an increasing threat to the power industry and other public...
Marsh Taps Saunders from UK National Crime Agency as Cyber Risk Consultant
Oct 23 2017 // Marsh announced the appointment of Dr. Jamie Saunders as a strategic adviser on cyber risk management within its UK specialist cyber security and risk team, part of the firm’s Client Advisory Services division....
Zurich’s Mulligan to Lead Aon Benfield’s U.S. Cyber Practice Group
Oct 20 2017 // Reinsurance intermediary Aon Benfield has appointed Catherine Mulligan as managing director and U.S. Cyber Practice Group leader. Mulligan brings underwriting, policy form and product knowledge to Aon’s cyber...
U.S. Healthcare Sector Plagued by Cyber Breaches Caused by Human Error: Beazley
Oct 19 2017 // Whether it is an email sent to the wrong recipient, discharge instructions given to the wrong patient, or a server containing protected health information (PHI) accidentally left open to the public, healthcare entities...
Cyber Security Specialists Warn Wi-Fi Vulnerable to Hacker Attacks
Oct 18 2017 // Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of a flaw that could allow hackers to read information...
Risk Cooperative Becomes Lloyd’s Coverholder for Cyber Insurance Facility
Oct 18 2017 // Risk Cooperative, a specialized insurance and risk advisory firm, has been approved as a Lloyd’s coverholder giving it the ability to provide up to $10 million in stand-alone cyber insurance coverage. Risk...
Experts: Forget Government, Companies Must Step up to Combat Cyber Threats
Oct 17 2017 // Don’t rely on the U.S. government to protect your business from cyber threats. That was the consensus among experts speaking about cyber programs at a risk management conference on Tuesday. “The U.S. government...
More Clients Want Cyber Cover with BI, Supply Chain Protection: Beazley, Munich Re
Oct 17 2017 // Beazley and Munich Re, through their Vector partnership, have reported strong demand for “holistic cover” to protect against cyber attacks and resulting business interruption and supply chain risks. Vector was...
May 2018 Deadline for EU’s Cyber Rule, GDPR, Spurs Corporate Action: Marsh
Oct 17 2017 // The upcoming implementation of the European Union’s General Data Protection Regulation (GDPR), which takes effect in May 2018, has elevated cyber risk to the top of the corporate agenda for organizations doing...
Markel International Launches Fintech Insurance for Asian Market
Oct 17 2017 // Markel International, the specialist insurer, has unveiled a fintech policy offering comprehensive protection for businesses in the financial technology sector in Asia, having successfully launched it in the UK early last...
Cyber Was Focus of California Symposium for Small and Mid-Sized Businesses
Oct 13 2017 // There are more than 4,000 cyber-attacks each year aimed at small- to mid-sized businesses, many of which are exposed because they haven’t given cyber security a high enough priority, according to Stephanie...
What Insurance Companies Need to Know About Part 500 Cybersecurity Compliance
Oct 10 2017 // If there were any remaining doubts about the vulnerability of our online systems, they were dispelled in September when giant credit reporting company Equifax revealed it was breached in July by cyber criminals,...
