Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
QBE North America Adds Breach Plan Services to Cyber Policies
Mar 2 2018 // QBE North America has added data breach planning services to all of its cyber policies to provide policyholders a simplified approach to the development of a cyber breach response plan. The company is initially offering...
Massachusetts Tax Data Breach Twice as Large as Originally Thought
Mar 1 2018 // Officials with Massachusetts’ tax collection agency say a data breach that exposed private information from about 39,000 business taxpayers was twice as large as originally thought. The Massachusetts Department of...
UAE-Based Cyber Security Firm DarkMatter Doubles Revenue in 2017 to $400M
Mar 1 2018 // DarkMatter, a three year-old United Arab Emirates-based cyber security firm, has more than doubled revenue last year to over $400 million. The firm, which earns about 80 percent of its revenue from U.A.E. government...
Pool Re Extends Retrocession Program to $2.9B with Cyber Terrorism Now Covered
Mar 1 2018 // Pool Re announced it has renewed its retro program and extended the cover to include material damage and direct business interruption (BI) caused by acts of terrorism “using remote digital interference.” The...
What Agent Who Wrote First Cyber Policy Thinks About Cyber Insurance Now
Mar 1 2018 // It was more than 20 years ago. The Internet as it is known today was in its infancy. Steven Haase was with an insurance agency in Atlanta focused on insuring technology companies. “Around 1995, I saw the...
Georgia Lawmakers Consider Sweeping Georgia Cybercrime Bill
Feb 28 2018 // Lying about your weight on an online dating site? Checking out who won the Falcons game from your work computer? Using your computer hacking knowledge as an “ethical hacker?” Those actions may become illegal if...
Willis Towers Watson Adds Cyber Coverage to Aviation Offering
Feb 28 2018 // Willis Towers Watson has launched Willis Towers Watson Aerospace Cyber Guard, a tailored cyber insurance product for the general aviation industry. Willis Towers Watson Aerospace Cyber Guard was developed in cooperation...
University of Alaska Data Breach Hits Staff, Students
Feb 27 2018 // Officials say a data breach at the University of Alaska has impacted dozens of current and former employees and students. KTVA-TV reported that a university statement says security officials first started looking into the...
Europe Regulator Proposes Hacking, Geo-Awareness Protections for Drones
Feb 26 2018 // Europe’s aviation safety authority has proposed anti-hacking measures and geo-awareness technology for small drones to avoid collisions with aircraft or people, taking an important step toward Europe-wide...
Global Directors Beware: Are You Ready for EU’s Data Protection Regulation?
Feb 26 2018 // On May 25, 2018, the European Union (EU) General Data Protection Regulation (GDPR) will go into effect in the 28 EU member states. Companies, the world over, are now rushing to meet the deadline for compliance but how many...
Cyber Attacks Pose Greatest Threat to UK Businesses, Investors: PwC Survey
Feb 26 2018 // Investors and chief executives say cyber attacks pose the greatest threat to businesses operating in the U.K., outweighing other material risks including populism, trade protectionism and over-regulation, according to...
SEC Updates Guidance on Cyber Disclosure by Companies
Feb 22 2018 // The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including potential weaknesses that have not yet been...
SMEs Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report
Feb 21 2018 // Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove catastrophic for some, according to a report published by Allianz Global...
India Cyber Bank Heist Used ‘Similar’ Methods to $81M Bangladesh Bank Hack
Feb 21 2018 // Hackers who tried to steal nearly $2 million from India’s City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh’s central bank in 2016,...
Artificial Intelligence Raises Real Risks from Malicious Hackers, Rogue States
Feb 21 2018 // Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking attacks, cause driverless car crashes or turn commercial drones into targeted...
The Cost of Cyber Attacks to U.S. Economy
Feb 20 2018 // Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House said Friday. The estimate comes in a Council of Economic Advisers report on the impact of cyber attacks on U.S....
India’s City Union Bank Hit by Cyber Heist via SWIFT Payments System
Feb 20 2018 // India’s City Union Bank said on Sunday that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial...
Declarations
Feb 19 2018 // Proximate Cause “If the evidence shows the Thomas Fire or another peril covered by a homeowners insurance policy was the efficient proximate cause of mudflow damage, I expect insurance companies to step up and cover...
Insurance Industry Trends for 2018: A Top 5 Countdown
Feb 19 2018 // Bring up the insurance industry as fodder for cocktail party conversation, and the universal response is oftentimes a collective yawn. But for those in the know, the insurance sector — with a domestic surplus...
Who’s Insuring Your Privacy?
Feb 16 2018 // Who’s Insuring Your Privacy? The Federal Trade Commission is trying, but we live in a country where the mantra remains “Buyer Beware.” Unless you’re reading the privacy policies on every service,...
