Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Beazley Taps AIG’s Tigleanu as Data Breach & Information Security U/W
Jan 24 2017 // Beazley, a specialist in data breach response insurance, has appointed Monica Tigleanu as an underwriter focused on data breach and information security coverage for US companies out of its London headquarters. Beazley has...
Hackers Set Eyes on Cloud Technology, IoT Systems, McAfee Labs Reports
Jan 23 2017 // Hackers are expected to take advantage of vulnerabilities associated with cloud technology and the Internet of Things, according to McAfee Labs 2017 Threat Predictions report, released late last year. Other predictions,...
Tech Talk: 2017 Marks the Digital Tipping Point
Jan 23 2017 // 2017 will mark the tipping point in agents’ efforts to adapt to the digital marketplace. Agents are no longer talking about why they should become “digitally- savvy” but how best to do it. Agents are also...
Cyber Espionage, Data Attacks and Other Risks to Intensify: Report
Jan 23 2017 // Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according to a report published...
Top Global Corporate Risks: Business Interruption, Market Developments, Cyber, Current Events and More
Jan 23 2017 // Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and the new U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a...
People
Jan 23 2017 // Massachusetts Gov. Charlie Baker has appointed Todd R. Johnson, senior vice president and property-casualty practice leader of the USI Insurance Services’ (USI) Massachusetts offices located in Woburn, Needham and...
New York State DFS Issues Updated Proposed Cybersecurity Regulation
Jan 23 2017 // The New York State Department of Financial Services has updated its proposed cybersecurity regulation to protect New York State from the threat of cyber-attacks. The proposed regulation, which serves as the first of its...
Expert: Cyber Risk Modeling Requires New Way of Thinking
Jan 23 2017 // Arvind Parthasarathi, founder and CEO of Cyence, a San Mateo, Calif.-based cyber risk modeler, believes that rising to the demand of cyber threats calls for a completely different way of looking at cybersecurity. He thinks...
Idaho Governor Orders Cybersecurity Improvements for the State
Jan 20 2017 // Idaho Gov. C.L. “Butch” Otter has signed an executive order aimed at protecting the state’s computer networks from hackers. The order signed this week creates a director of Information Security position,...
Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service
Jan 19 2017 // Canada’s main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade...
CNA Names Lea Vice President, Commercial Underwriting for E&O, Cyber and Media
Jan 18 2017 // CNA said it has appointed Andy Lea as vice president of commercial underwriting for Errors & Omissions (E&O), Cyber and Media in the company’s commercial unit. In this role, Lea will manage the strategic...
Delaware DOI Investigating Data Breach Affecting 19,000 Consumers
Jan 13 2017 // The Delaware Department of Insurance is investigating a security breach involving Summit Reinsurance Services Inc. (SummitRe) and BCS Financial Corporation, both subcontractors of Highmark BlueCross BlueShield of...
Gaps in Insurance Cover Expose Shipping Firms to Cyber Risks
Jan 12 2017 // Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global...
Business Interruption Remains Top Corporate Concern in 2017: Allianz
Jan 12 2017 // Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a...
Cybersecurity Firm IDT911 Rebrands to CyberScout, Plans Global Expansion
Jan 11 2017 // Cybersecurity prevention and resolution firm IDT911 has changed its name to CyberScout, to better align with its mission of helping clients in the digital world deal with ever-evolving cyber threats. CyberScout primarily...
2017 Cyber Risks to Intensify as Hackers Become More Cunning: Report
Jan 11 2017 // Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according to a report published...
California College Pays Hacker Ransom for Compromised Student Data
Jan 10 2017 // A California community college has paid a $28,000 ransom after a hacker took student data hostage. The Los Angeles Daily News reported that 1,800 Los Angeles Valley College teachers and staff were locked out of their...
Morrison Mahoney Hires 13 Attorneys in New York
Jan 10 2017 // Morrison Mahoney has hired 13 attorneys, including 5 partners and 8 associates, to the firm’s New York office. The group will be based in New York and provide service across all of Morrison Mahoney’s 10...
How to Help Insureds Manage Customer Privacy Risk
Jan 9 2017 // Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they are increasingly advising businesses to disclose data collection practices while seeking to gain...
How Brokers Can Help SMBs Reduce Cyber Risk
Jan 9 2017 // Only recently, and mostly due to pressure created in the media by high-profile cyber attacks, executives at large companies have a new awareness of cyber risks to business. As a result, companies are spending more to...
