Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Tesco Bank Hack Still a Mystery – to Frustration of Other UK Lenders
Feb 8 2017 // British banking executives and security experts are growing frustrated at the dearth of information available more than three months after 2.5 million pounds ($3.09 million) was stolen from Tesco Bank in the UK’s...
How Firms Rate on Cyber Readiness and Why Some Don’t Buy Cyber Insurance: Hiscox Report
Feb 7 2017 // A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber-attacks. Fewer than one-third (30 percent) qualify...
Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients
Feb 6 2017 // Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up...
UK Firms Lack Board-Level Digital Skills to Deal with Cyber Attacks: Deloitte
Feb 6 2017 // Only 5 percent of large U.K. companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital threats as serious...
Delaware DOI Investigating Data Breach Affecting 19,000 Consumers
Feb 6 2017 // The Delaware Department of Insurance is investigating a security breach involving Summit Reinsurance Services Inc. (SummitRe) and BCS Financial Corp., both subcontractors of Highmark BlueCross BlueShield of Delaware. The...
Wells Fargo Market Outlook Offers Favorable News for Cyber Security
Feb 6 2017 // San Francisco, Calif.-based Wells Fargo Insurance released its 2017 Insurance Market Outlook and Employee Benefits Outlook report in late January, which shows this year’s property/casualty insurance market will again...
P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines
Feb 6 2017 // Leaders of the property/casualty (P/C) insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber leading the way as a huge untapped market, according to an Industry...
The Super Rich Become Key Targets in Cyber World
Feb 6 2017 // Twenty years ago, we locked our doors and windows and had a good level of confidence that our homes were safe. If a burglar wanted in, he had to stake out a home and physically break into windows and doors to gain...
Connected Homes and Cyber Insurance
Feb 6 2017 // Eight out of 10 U.S. consumers have a home data network and more than one-third of them connect entertainment systems, gaming consoles and other smart devices to the Internet. According to a survey from The Hartford Steam...
5 Things to Consider When Writing Nonprofit Social Service Organizations
Feb 6 2017 // Nonprofit organizations come in all shapes and sizes. They are a loyal bunch, often sticking with their valued agents and brokers for years, say two insurance specialists. Sheila Shaw, senior vice president, and Brad...
A Look at Smart Buildings and Construction Risks
Feb 3 2017 // With “smart” building becoming the gold standard in today’s commercial construction world, builders, building owners, workers and insurers are dealing with new technologies and risks. These smart...
Ransomware Attacks Quadrupled in 2016; Expected to Double in 2017: Beazley
Feb 2 2017 // Specialty insurer Beazley, which offers data breach response insurance, said its specialized breach response unit saw ransomware attacks quadruple in 2016 and the insurer projects they will double again in 2017. Nearly...
Navigators Appoints Ingerslev to Global Cyber Liability Leadership Post
Feb 2 2017 // Global specialty insurer The Navigators Group Inc. has appointed Jacob Ingerslev to the newly created position of global practice leader for cyber liability. Ingerslev will be responsible for leading Navigators’...
California Surplus Lines Are Now A Bigger Chunk of the Commercial Market
Jan 27 2017 // The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and...
Connected Homes Heighten Need for Personal Cyber Insurance
Jan 27 2017 // Eight out of ten U.S. consumers have a home data network and more than a third of them connect entertainment systems, gaming consoles and other smart devices to the Internet. The same survey suggests that all of this...
Europe’s Firms Face Potential ‘Perfect Storm’ of Cyber Threats: MMC Report
Jan 27 2017 // European companies are unprepared to cope with the reality of today’s cyber risks, according to a new report from Marsh & McLennan Cos. (MMC) and cyber security company, FireEye. However, companies will be forced...
Wells Fargo Market Outlook Has Favorable News for Cyber Security
Jan 26 2017 // San Francisco, Calif.-based Wells Fargo Insurance released its 2017 Insurance Market Outlook and Employee Benefits Outlook reports showing this year’s property/casualty insurance market will again be favorable to...
Allied World Enhances Managed Care Cyber Liability Offering
Jan 25 2017 // Allied World North America has enhanced its cyber liability offerings and related services for its U.S. managed care package policy, 365Complete. The revised policy now contains heightened cyber protection and also expands...
P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines
Jan 25 2017 // Leaders of the property/casualty insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber a potentially huge untapped market, according to an Industry Leader Trends...
Aon Develops Captive Program for Cyber Risk Transfer
Jan 24 2017 // Aon Global Risk Consulting, the risk consulting business of Aon plc, has launched its Cyber Captive Program, which guides companies through a series of steps to help identify, assess and quantify their cyber exposures –...
