Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
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 –...
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...
