Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
How Autonomous Vehicles Will Grow Auto Insurance Before Shrinking It
May 19 2017 // Insurance coverage for autonomous vehicles will bring $81 billion in new premiums to the insurance industry over the next eight years, according to a report from Accenture and Stevens Institute of Technology. These...
Novae Expands Cyber Team with Appointment of Quick from IBM
May 19 2017 // Novae Group plc, the specialist listed Lloyd’s insurer, announced that Stuart Quick has joined its cyber team as breach response and cyber operations manager, reporting to Dan Trueman, head of cyber and chief...
European Cyber Police Hunt for Culprits of Global Ransomware Attack
May 18 2017 // Days after the global cyber attack, U.K. police are trying to figure out whether it was an established network of criminals, state-backed hackers or bored teenagers that crippled the country’s health service. The...
Hackers Access Email Database of E-Signature Service Used by Insurance Industry
May 17 2017 // Electronic signature service DocuSign said on Tuesday hackers had temporarily gained access to a database containing customer emails, which the company linked to a surge in phishing emails sent to its users. The company...
Fitch Urges Insurer Caution as Cyber Insurance Demand Grows
May 17 2017 // The recent ransomware attacks in more than 150 countries are likely to increase demand for related insurance protection as they reveal the widening scope of corporations’ cyber risk exposures. But Fitch Ratings says...
WannaCry Ransomware Hackers Threaten to Release More Malicious Code
May 17 2017 // Governments turned their attention to a possible new wave of cyber threats on Tuesday after the group that leaked U.S. hacking tools used to launch the global WannaCry “ransomware” attack warned it would...
Some Firms Opt to Pay Hackers’ Ransoms, but Fail to Recover Data: Opinion
May 16 2017 // Behind the rise of ransomware lies the rise of bitcoin, the virtual currency of choice for hacker blackmailers who steal huge amounts of sensitive data. That doesn’t mean bitcoin is inherently to blame, but it does...
Firms Hit by Cyber Attack Could Face Lawsuits over Lax Security: Legal Experts
May 16 2017 // Businesses that failed to update Microsoft Windows-based computer systems that were hit by a massive cyber attack over the weekend could be sued over their lax cyber security, but Microsoft Corp. itself enjoys strong...
Allianz Global Corporate & Specialty Appoints Cyber, Engineering Heads
May 15 2017 // Allianz Global Corporate & Specialty (AGCS) announced personnel appointments within the Cyber and Engineering lines of business. Jenny Soubra has been appointed head of Cyber and Specialty Professional Indemnity (CPI)...
Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack
May 15 2017 // Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber...
Global Cyber Attack Expected to Continue but Malware Spread Slows
May 15 2017 // Governments and companies around the world began to gain the upper hand against the first wave of an unrivaled global cyber attack, even as the assault was poised to continue claiming victims this week. More than 200,000...
Global Cyber Attack Temporarily Disabled by Security Specialist
May 13 2017 // The cyber attack that spread rapidly around the globe was stifled when a security researcher disabled a key mechanism used by the worm to spread, but experts said the hackers were likely to return as many computers remain...
Ransomware Hack of UK Hospitals Part of Global Cyber Attack
May 12 2017 // Extortionist hackers who may be using leaked computer exploits from the U.S. National Security Agency infiltrated computers in dozens of countries in a fast-spreading attack that forced British hospitals to turn away...
Russia-Backed Hackers Suspected in Cyber Attacks of Baltic Energy Networks
May 12 2017 // Suspected Russia-backed hackers have launched exploratory cyber attacks against the energy networks of the Baltic states, sources said, raising security concerns inside the West’s main military alliance,...
Experts Expect Simultaneous Cyber Attacks on Multiple Firms: Survey
May 12 2017 // Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study by American International Group. More than...
Yahoo Fails to Cooperate with Hack Probe, Says German Cyber Agency
May 11 2017 // Germany’s federal cyber agency said on Thursday that Yahoo Inc. had not cooperated with its investigation into a series of hacks that compromised more than one billion of the U.S. company’s email users between...
Aon Names Hogg as Leader of Cyber Solutions, CEO of Stroz Friedberg
May 11 2017 // Aon plc announced that Jason Hogg has joined the firm as leader of Aon Cyber Solutions, responsible for the growth strategy of the firm’s solutions that help clients address and manage cyber risk. He will also serve...
Everest Launches Cyber Protection for Private Equity Firms, Portfolio Companies
May 10 2017 // Everest Insurance has collaborated with cybersecurity firm, Soteria, LLC, and its group of former U.S. government cyber security experts, in conjunction with the launch of its new Elevation Private Equity Insurance...
London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley
May 10 2017 // Nexus Group, the London-based independent specialty managing general agent (MGA), has formed a partnership with Beazley to provide cyber insurance with effect from May 1, 2017. Nexus will underwrite the new line, offering...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
