Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Israeli Cyber Security Business Foundry, Team8, on Track to Build 5 Firms by 2020
Feb 26 2016 // Team8, a cyber security business foundry created by veterans of the Israeli army’s technology and intelligence unit 8200, said it closed a $23 million round of financing. Team8 plans to use the money to develop five...
IronPro Enhances Cyber Policy Risk Management Services
Feb 24 2016 // IronPro, the professional liability unit of Ironshore Inc., is introducing a suite of enhanced risk management services for cyber policyholders. IronPro will provide eligible Ironshore Highly Protected Information (HPI)...
Investors Shunning Once-Hot Cybersecurity Startups
Feb 24 2016 // The U.S. cyber security industry, once one of the hottest targets for venture capitalists, is now grappling with a funding slump that has forced some startups to sell themselves or cut spending. Amid widespread concerns...
Credit Card Buyers, Sellers Making Out Like Bandits
Feb 23 2016 // Cyber thieves who steal credit and debit card numbers are making millions of dollars in profits, fueling a global criminal enterprise marked by the high-profile data breaches of major companies such as Target and Home...
RLI to Roll Out New Cyber Liability Unit, Coverage in Q3
Feb 19 2016 // RLI Insurance Company and its Executive Products Group have created a new business unit to offer cyber liability insurance. The Cyber Liability Insurance unit will offer protection for exposures arising from adverse cyber...
California: 49M Records Breached in 4 Years
Feb 17 2016 // More than 49 million personal information records of California residents were compromised in 657 data breaches from 2012 to 2015, state Attorney General Kamala Harris said in a report citing tips on how people and...
IDT911 Enhances Data Breach Services for Commercial Insureds
Feb 16 2016 // IDT911 has enhanced its DataRiskStages data breach mitigation and remediation service for insurance companies and their commercial policyholders. The DataRiskStages platform has been enriched with three new features:...
Marsh Appoints Lobban as Senior Adviser on Cyber Risk
Feb 11 2016 // Marsh has announced the appointment of Sir Iain Lobban as senior adviser on cyber risk. Lobban is the former director of the Government Communications Headquarters (GCHQ), the UK’s security and intelligence...
Obama Budget Calls for Increased Cybersecurity Funding, New High-Level Post
Feb 10 2016 // The Obama administration is creating a new high-level federal official to coordinate cybersecurity across civilian agencies and to work with military and intelligence counterparts, as part of its 2017 budget proposal...
Russian Hackers Moved Ruble-Dollar Rate at Regional Bank: Cyber-Security Firm
Feb 9 2016 // Hackers used malware to penetrate the defenses of a Russian regional bank and move the ruble-dollar rate more than 15 percent in minutes, according to a Moscow-based cyber-security firm hired to investigate the...
Russia Cracks Down on Financial Hacking Ring, Raiding Moscow Office: Sources
Feb 8 2016 // Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world’s most notorious financial hacking operations, according to...
Ghost of 2008 Crash Still Haunts Real Estate E&O
Feb 8 2016 // The ghost of the 2008 financial collapse still haunts the liability insurance market for real estate professionals and some are worried the business may be headed for a replay of that crisis. While it is still recovering...
Hartford Steam Boiler Launches Cyber Product for Mid-Size Companies
Feb 5 2016 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has introduced HSB Total Cyber, a stand-alone insurance product that offers mid-size companies direct coverage for multiple types of data and...
RMS Releases Cyber Accumulation Management System to Manage Exposure
Feb 3 2016 // RMS has released its Cyber Accumulation Management System*, which includes a new software system and framework for cyber exposure reporting, in addition to a suite of cyber catastrophe scenarios for loss modeling. The RMS...
Cyber Attack on Britain’s TalkTalk Telecom Cost $115M and 101,000 Customers
Feb 3 2016 // A cyber attack on Britain’s TalkTalk Telecom Group in October cost the company as much as 80 million pounds ($115 million) but fewer customers than feared opted to end their subscriptions. Chief Executive Dido...
UK Firms ‘Can’t Afford to Ignore’ Cyber Risks, One of Top Business Threats: PwC
Feb 2 2016 // UK companies and institutions remain vulnerable to cyber attacks despite the fact that many CEOs now rank cyber as one of the top threats to their businesses, warns PwC’s Cyber Security practice. Almost...
Chubb Launches Cyber Response Partnership with Crawford for Clients in Europe
Feb 1 2016 // Chubb has launched a new partnership with Crawford & Co., as it continues to invest in building its cyber enterprise risk management capabilities. A global leader in claims and crisis management, Crawford & Co....
U.S. Utilities Examine Their Insurance Protection After Ukraine Grid Cyber Attack
Jan 29 2016 // U.S. utilities are looking hard at their cyber vulnerabilities and whether they can get insurance to cover what could be a multi-billion dollar loss after hackers cut electric power to more than 80,000 Ukrainians last...
‘Smart’ Appliances, Ventilation Systems Are New Hacker Targets: Cyber Experts
Jan 29 2016 // Hijacking “smart” toasters and refrigerators and hacking corporate ventilation systems are among the new threats envisioned by cyber security experts as an increasing array of items are connected to the...
Firms Look at New Tools Designed to Foil Hackers as Firewalls Prove Inadequate
Jan 27 2016 // With firewalls no longer seen as enough of a defense against security breaches, companies are looking at new tools to foil hackers trying to enter a computer network. U.S. and Israeli startups are leading the way, with new...
