Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Declarations
Dec 18 2017 // Human Activity “The study’s findings suggest that the recent Fort Worth Basin earthquakes, which involve swarms of activity on several faults in the region, have been induced by human activity.” —...
How Commercial Insurance Customers Rate Large Carriers, Brokers
Dec 18 2017 // Overall customer satisfaction with large commercial insurers increased in 2017, driven primarily by insurers’ focus on more tailored and diversified products for their customers. That’s according to the J.D....
Nation-State Believed Responsible for ‘Watershed’ Cyber Attack on Industrial Plant
Dec 15 2017 // Hackers likely working for a nation-state recently invaded the safety system of a critical infrastructure facility in a watershed attack that halted plant operations, according to cyber investigators and the firm whose...
New AIG Cyber Model to Evaluate, Score Client Cyber Risk
Dec 12 2017 // American International Group, Inc. has launched a new cyber benchmarking model that quantifies and scores client cyber risk. The AIG model evaluates a client’s cyber security maturity against 10 common attack...
Russian-Speaking Hackers Steal $10M from U.S., Russia Banks: Cyber Security Firm
Dec 12 2017 // A previously unknown ring of Russian-speaking hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer...
Lockton Affinity Adds Cyber Coverage to Lawyers PL Program
Dec 11 2017 // Lockton Affinity Lawyer has added CyberLock Lawyer to its portfolio of products for lawyers and firms with one to 19 attorneys. The CyberLock Lawyer cyber risk insurance policy protects firms and attorneys from cyber...
Hackers Fail at Second Cyberattack Attempt on North Carolina County
Dec 11 2017 // A North Carolina county recovering from a cyberattack says hackers failed in a second attempt to infiltrate their computer system. Mecklenburg County officials say foreign hackers redoubled their efforts after the county...
Cyber Criminals Steal $64M of Bitcoin From Cryptocurrency Firm NiceHash
Dec 8 2017 // A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to...
North Carolina County Refuses to Pay $23K Ransom to Hacker Who Froze Servers
Dec 8 2017 // Deputies processed arrests by hand and building code officers used paper records Wednesday as one of North Carolina’s largest counties was hit by a hacker who froze county servers and demanded ransom. Mecklenburg...
How Commercial Insurance Customers Rate Large Carriers, Brokers
Dec 7 2017 // Overall customer satisfaction with large commercial insurers has increased in 2017, driven primarily by insurers’ focus on more tailored and diversified products for their customers. That’s according to the...
Florida AG Investigating Uber Over Data Breach Affecting 32K Drivers
Dec 7 2017 // Florida Attorney General Pam Bondi says that the state is now investigating ride-sharing service Uber over an alleged cover up of a national data breach. Bondi said Dec. 1 that her office has issued a subpoena to Uber. The...
UK Banks Under-Reporting Successful Cyber Attacks: Regulator
Dec 7 2017 // UK banks still aren’t telling regulators about all the cyber attacks on the financial services industry despite a ten-fold increase in reports to the Financial Conduct Authority over the last four years. “Our...
Coalition, a Cyber Insurer and Cybersecurity Firm, Makes Its Debut
Dec 6 2017 // Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm. Founded in March 2017, Coalition is co-founded by technology...
Georgia To Expand Cybersecurity Training Center
Dec 6 2017 // The next phase of a multimillion-dollar cybersecurity training center taking shape in downtown Augusta is expected to be completed by the end of 2018. Georgia Gov. Nathan Deal recently announced an additional $35 million...
Technology, Regulation Prove Double-Edged Swords in Product Recall Risk
Dec 6 2017 // Exploding Samsung phones, error-prone Takata airbags, faulty GM vehicle ignition switches, failing Johnson & Johnson hip implants — multi-billion dollar product recalls have become more common over the past...
Arbella Launches Cyber Coverage for Small to Medium-Sized Businesses
Dec 5 2017 // The Arbella Insurance Group, has launched CyberPro Data Breach and Third Party Cyber coverage designed specifically for small and medium-sized businesses. The new CyberPro offers an end-to-end cyber security, including...
UK Cyber Security Agency Issues Warning About Kaspersky Lab Antivirus Software
Dec 4 2017 // Britain’s cyber security agency has told government departments not to use antivirus software from Moscow-based firm Kaspersky Lab amid concerns about Russian snooping. Ciaran Martin, head of the National Cyber...
AGCS Promotes Virji to Lead UK Cyber Team; Yu from Principia Named Senior U/W
Dec 4 2017 // Allianz Global Corporate & Specialty (AGCS) announced that Yogesh “Yogi” Virji has been promoted to lead the UK cyber team. In addition, Hui Yu will join the UK team as a senior underwriter in the new year....
Program Business Sector Revenue Jumps 11.7% from 2014 to 2016: TMPAA
Dec 4 2017 // The financial performance of commercial property/casualty insurance program administrators continued to outpace the performance of the overall property/casualty insurance markets, according to a recent study. Program...
Insurtech Startup Debuts with $6M and Proactive Cyber Risk Product
Dec 4 2017 // A California insurtech startup with a new cyber product has launched to offer brokers and their clients what it calls “redesigned insurance, with cyber security expertise at its core.” Mountain View,...
