Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
SEC Discloses It Was Hacked, Now Fears Hackers Used Data for Illicit Trading
Sep 21 2017 // Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider...
XL Catlin Adds EPLI, Cyber Coverage for Design Professionals in Canada
Sep 20 2017 // XL Catlin has added two optional coverages to its professional liability insurance for architects, engineers and other design businesses in Canada: employment practices liability (EPL) Insurance and cyber insurance...
FedEx Goes Cyber Insurance Shopping After Profit Takes Hit from Attack
Sep 20 2017 // Package delivery company FedEx Corp. said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its quarterly profit, and the company lowered its full-year earnings forecast. The company said the cyber...
New York’s Cuomo Proposes Regulation in Wake of Equifax Security Breach
Sep 19 2017 // In response to the recent cyberattack that exposed the personal private data of nearly 150 million consumers nationwide, New York Governor Andrew M. Cuomo has directed the New York Department of Financial Services (DFS) to...
Delaware Updates Law to Address Advances in Cyber Threats
Sep 18 2017 // Delaware Governor John Carney has signed into law House Substitute 1 for House Bill 180, legislation that provides the first updates in Delaware law to address advances in cyber threats in more than a decade. The...
FTC, Congress, States Investigating Equifax Over Data Breach
Sep 15 2017 // The U.S. Federal Trade Commission and a powerful Congressional committee are investigating the data breach at Equifax Inc., deepening government scrutiny of the cyber attack that may have compromised the privacy of 143...
INSUREtrust Adds Hoeflinger as Professional Lines Broker in Atlanta
Sep 15 2017 // INSUREtrust has added Hannah Hoeflinger to the company as Professional Lines broker. In this role, Hoeflinger will further grow INSUREtrust’s multi-city Cyber Boot Camps, build broker relations, and manage cyber,...
EU Looks to Strengthen Cyber Defenses
Sep 14 2017 // Growing cyber crime has spurred proposals to strengthen the European Union’s specially dedicated security agency and set up a fund to help countries who suffer such attacks. An increase in ransomware attacks such as...
Supreme Court Could Decide Who Can Sue Equifax for Data Breach Liability
Sep 12 2017 // Less than a day after Equifax revealed one of the biggest data breaches in U.S. corporate history, the credit reporting company has already been hit with two proposed class actions in federal court – and one of those...
Filing of Lawsuits Against Equifax Over Data Breach Is Underway
Sep 11 2017 // More than 30 lawsuits have been filed in the United States against Equifax Inc. after the credit reporting company said thieves may have stolen personal information for 143 million Americans in one of the largest hackings...
Is Equifax’s Cyber Insurance Enough to Cover Breach?
Sep 11 2017 // Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the...
Trust But Verify: New York Cyber Regs Mean Managing Third-Party Security
Sep 8 2017 // This year, the beginning of September marked a critical implementation deadline for some of the toughest new cybersecurity regulations in the country – the New York State Department of Financial Services (NYDFS) 23NYCRR...
Equifax Breach Exposed Credit Data of 143 Million U.S. Consumers
Sep 8 2017 // Equifax Inc, a provider of consumer credit scores, said on Thursday that personal details of as many as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of the largest data...
HDI Launches Cyber Coverage for Manufacturing Companies
Sep 8 2017 // International insurer HDI Global Insurance Company (HDI) has introduced a new cyber product, Cyber+ Smart, designed to support the manufacturing sector. Cyber+ Smart is designed for U.S. enterprises with annual revenues of...
Securities Regulator Calls for Better Cyber Risk Disclosure to Investors
Sep 7 2017 // Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cyber crime and new technologies used to commit fraud, U.S. Securities and Exchange Commission Chairman Jay Clayton said...
Breaking the Silence: Cyber Physical Cat Models Emerging
Sep 4 2017 // A frightened truck driver dodging a barrage of bullets fired from the assault rifles of a drug-smuggling criminal gang doesn’t seem like the obvious description of the final stages of a cyber attack. But the...
Chubb Broadens Cyber Enterprise Risk Management Products
Sep 1 2017 // Chubb has broadened its enterprise risk management options for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management (Cyber ERM) and DigiTech...
Judge Says Yahoo Must Face Data Breach Lawsuit
Sep 1 2017 // A U.S. judge said Yahoo must face nationwide litigation brought on behalf of well over 1 billion users who said their personal information was compromised in three massive data breaches. Wednesday night’s decision...
Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders
Aug 30 2017 // Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer...
New York’s Cybersecurity Regulation Compliance Requirements Go Into Effect
Aug 29 2017 // Financial Services Superintendent Maria T. Vullo reminded all entities covered by the New York State Department of Financial Services’ (DFS) cybersecurity regulation that yesterday, August 28, 2017, was the first...
