Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
New York Financial Regulator to Delay Cyber Security Rules
Dec 22 2016 // New York’s financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cyber security rules, a person familiar with the matter...
Data Breaches of Internet Giants & Online Services Pose Major 2017 Cyber Threats
Dec 22 2016 // Potential leaks of personal user data collected by internet giants and online services will be one of the major cyber-security threats of 2017, according to computer safety company Kaspersky Lab. “Users have de facto...
Emerging Risks/Markets Offer New Opportunities: 2017 Predictions, Part 3
Dec 21 2016 // Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market knowledge and...
2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2
Dec 20 2016 // Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde &...
Los Angeles County Email Hack Exposes Data of 750K people
Dec 20 2016 // Officials say a Nigerian national has been charged in connection with a hack of Los Angeles County emails that might have exposed personal data from more than 750,000 people who had business with county departments. The...
Cyber Market Hampered by Insurability Challenges: Report
Dec 19 2016 // While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market, according to a new report...
Yahoo’s Cyber Breach Adds to Age of Hacker Anxiety
Dec 16 2016 // Sunnyvale, Calif.-based Yahoo has become the worst-case example of an unnerving but increasingly common phenomenon – massive hacks that steal secrets and other potentially revealing information from our personal digital...
Turkey’s Akbank Faces Possible $4M Liability After Cyber Attack – But It’s Insured
Dec 16 2016 // Hackers targeted Turkish lender Akbank in a cyber attack on the SWIFT global money transfer system, the bank said, adding it faced a liability of up to $4 million from the incident but no customer information was...
Germany’s Cyber Security Watchdog Urges Yahoo Users to Switch Email Providers
Dec 16 2016 // Germany’s cyber security authority, the Federal Office for Information Security (BSI), criticized Yahoo on Thursday for failing to adopt adequate encryption techniques to protect its users’ personal data. The...
Yahoo Warns 2nd Hack Exposed 1 Billion Users in Largest Data Breach in History
Dec 15 2016 // Yahoo Inc. warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history. The number...
California’s Surplus Export List Getting Interest Ahead of Upcoming Hearing
Dec 13 2016 // Ben McKay, executive director of the Surplus Lines Association of California, said his phone has been quite a bit busier lately ahead of a public hearing on Friday on the state’s export list. People in the insurance...
SWIFT Official Warns Banks of Escalating, More Sophisticated Cyber Threats
Dec 13 2016 // Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their...
Some Bangladesh Bank Insiders Helped Hackers Steal $81M: Investigator
Dec 13 2016 // Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top police investigator in...
Bangladesh Investigators Blame Negligence of Bank Insiders for $81M Cyber Heist
Dec 9 2016 // A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the head of the panel told...
Cyber Market Hampered by Insurability Challenges: Geneva Assoc. Report
Dec 9 2016 // While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market,” according to a new report...
New Army Cyber Command Headquarters to Open in Georgia
Dec 9 2016 // Military officials at Fort Gordon in east Georgia have broken ground for the future headquarters of the U.S. Army’s cyber operations. Lt. Gen. Paul Nakasone, commanding general of U.S. Army Cyber Command and Second...
ThyssenKrupp’s Trade Secrets Targeted in ‘Massive’ Cyber Attack
Dec 8 2016 // Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the...
Over-Compensating Data Breach Victims Can Backfire
Dec 7 2016 // Compensation in response to a data breach is most effective when it meets customers’ expectations for what is appropriate, according to a new study by information systems researchers at the University of...
California’s Cyence Hires Merchant to New York City Office
Dec 7 2016 // Cyence, a San Mateo, Calif., based company that works to empower the insurance industry to model the economic impact of cyber risk, has named John Merchant as director of business development. He will be working with...
Update: Hackers Steal $31M from Russian Central & Commercial Banks
Dec 5 2016 // Hackers stole more than 2 billion roubles ($31 million) from correspondent accounts at the Russian central bank and from accounts in commercial banks, the bank said on Friday [Dec. 2], the latest example of an escalation...
