Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
D&O Marketplace Continues to See Softening Rates
Mar 21 2016 // The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing...
HOT Markets: Drones, Cyber and More
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s...
Bangladesh Launches Cyber Heist Probe; Cash Packed into Manila Banker’s Car
Mar 18 2016 // Bangladesh police launched a criminal investigation on Thursday into the cyber theft of $81 million from the central bank’s U.S. account but said it was too early to pinpoint any suspects. The money was transferred...
Vehicles ‘Increasingly Vulnerable’ to Hacking, Warns FBI
Mar 18 2016 // The FBI and U.S. National Highway Traffic Safety Administration (NHTSA) issued a bulletin Thursday warning that motor vehicles are “increasingly vulnerable” to hacking. “The FBI and NHTSA are warning the...
Tech Firms Warn of Growing Cyber Risks: From Medical Devices to Sex Toys
Mar 17 2016 // It’s not just computers and mobile phones that are vulnerable to cyber attack, according to software firm Trend Micro. As more devices are hooked up to the internet, it could be anything from medical equipment to...
IronPro Enhances Cyber, Tech Products in Canada
Mar 17 2016 // IronPro, Ironshore’s financial and professional lines unit, is introducing a suite of enhanced cyber and Technology E&O products customized for the Canadian marketplace. IronPro’s cyber and tech products...
Bangladesh Cyber Bank Heist Prompts Scrutiny of Cyber Security Measures
Mar 16 2016 // A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according to a complaint filed to police that provided new details on the attempted theft of nearly $1...
Bank of England Faces ‘Advanced, Persistent & Evolving’ Cyber Threats
Mar 15 2016 // The Bank of England is frequently faced with cyber threats as hackers probe for vulnerabilities in the central bank’s computer systems. The revelation was made in a response by the U.K. central bank to a Freedom of...
Clermont Specialty Managers to Offer Cyber Coverage Through HSB
Mar 14 2016 // Clermont Specialty Managers, a W.R. Berkley company, is now offering data compromise and Cyber One coverages for their customers through Hartford Steam Boiler, a Munich RE company. The program provides protection for data...
Malware Used to Steal $80M-Plus in Bangladesh Cyber Bank Heist: Officials
Mar 11 2016 // Investigators suspect unknown hackers managed to install malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, how to go about withdrawing money from its U.S. account, two bank...
Florida Hotel Chain Reports Potential Customer Data Breach
Mar 11 2016 // An Orlando-based hotel chain is reporting that some of its guests’ credit card information may have been breached. Rosen Hotels & Resorts Inc. said on its website that malware was installed on its payment card...
Water District in Nevada County Hit With Cyber-Attack
Mar 9 2016 // The Clark County Water Reclamation District in Washington has been hit with a cyber-attack but officials say operations haven’t been disrupted and no customer or employee information was hacked. The agency said in a...
Home Depot Settles Data Breach Lawsuit for $19.5M
Mar 9 2016 // Home Depot Inc. agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. The home improvement retailer will set up a $13 million fund to...
Apple Ransomware Attack Thwarted Before Large Number of Computers Infected
Mar 9 2016 // The first known ransomware attack on Apple Inc.’s Mac computers, which was discovered over the weekend, was downloaded more than 6,000 times before the threat was contained, according to a developer whose product was...
Beazley Reports Industry Data Breaches Up 60% in 2015
Mar 8 2016 // A leading data breach response insurer says its breach response unit handled 60 percent more data breaches in 2015 than in 2014 in the U.S., with a concentration of incidents in the healthcare, financial services and...
Untested Cyber Coverage Remains ‘Volatile,’ Experts Say
Mar 4 2016 // With cyber insurance premiums expected to grow from around $2 billion in 2015 to an estimated $20 billion or more by 2025, insurers and reinsurers are continuing to work out underwriting requirements, and the market can be...
Chubb Offers ‘Cyber Enterprise Risk Management’ Solution for European Clients
Mar 3 2016 // Chubb announced the launch of Cyber Enterprise Risk Management, as the company continues to invest in its cyber risk capabilities across Europe. Cyber Enterprise Risk Management as “an end-to-end risk management...
5 Governments Write to China, Expressing Concern over New & Draft Laws
Mar 1 2016 // The United States, Canada, Germany, Japan and the European Union have written to China to express concern over three new or planned laws, including one on counterterrorism, in a rare joint bid to pressure Beijing into...
DUAL Commercial Launches New Online Cyber Program
Feb 29 2016 // DUAL Commercial, LLC has developed DUAL CyberSecurity, a new cyber program to be led by Phil Hoyt, director of Cyber Insurance. DUAL CyberSecurity provides coverage in conjunction with DUAL Commercial’s programs, as...
South Carolina Announces Initiative to Prevent, Fight Cybercrime
Feb 26 2016 // The South Carolina Revenue Department’s massive 2012 data breach gave Gov. Nikki Haley a firsthand lesson on the need for efforts to counter cybercrime, she said Wednesday. “Today, there is never a day I...
