Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Chubb Expands Global Cyber Facility with Multiline Peril Endorsements
Feb 15 2017 // Chubb has launched a suite of multiline cyber peril endorsements for its Global Cyber Facility to helps risk managers address exposure gaps in their insurance portfolio and respond to the concerns of their c-suite and...
Florida School District Hit by Data Breach Affecting 7K Employees Has Cyber Insurance
Feb 15 2017 // Authorities say as many as 7,700 Manatee County school employees are at risk of being victims of a data breach. School officials learned earlier this month that two payroll employees of the school district along...
Ed Announces Series of Appointments and One Departure
Feb 15 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, has announced several appointments over the past few weeks in the areas of international property and casualty, marine and energy, finance, and...
UK Opens National Cyber Security Centre; MGA Sciemus Comments
Feb 15 2017 // The UK’s National Cyber Security Centre (NCSC) was officially launched this week – a government sponsored organization that is focused on improving the UK’s cyber security and cyber resilience. The NCSC will...
Gallagher Launches Manufacturers’ Cyber Solution to Close Coverage Gaps
Feb 9 2017 // Arthur J. Gallagher announced it has responded to the “perfect storm” facing manufacturers – a rising risk of cyber attacks, coupled with increased vulnerability and largely excluded exposures – by...
AXIS Insurance Expands Cyber Team with Arklie and Tillett Appointments
Feb 9 2017 // AXIS Capital Holdings Ltd. announced that Neil Arklie has joined AXIS Insurance as vice president, Financial Lines, and lead underwriter for its London-based international cyber insurance unit. Arklie will lead a team of...
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...
