Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Uber Winning Support in States for Classifying Drivers as Contractors
Dec 11 2015 // State legislators in Ohio and Florida are moving ahead with regulations governing Uber and other ride services that would designate all drivers as independent contractors, bolstering a critical but much-disputed aspect of...
Beazley Launches Breach Response Services for Non-U.S. Policyholders
Dec 9 2015 // Beazley has introduced a suite of breach preparedness services tailored to the needs of policyholders outside the U.S. The insurer has partnered with privacy specialist lawyers DAC Beachcroft; IT security specialists CGI...
Cyber Insurance Underwriting Moves from ‘Toddler’ to ‘Teen’ As Insurers Learn from Claims
Dec 8 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
New Credit Card Chips Shift Liability to Retailers
Dec 7 2015 // On Oct. 1, 2015, many of the insurance industry’s clients took on a lot more risk, and may not even know it. The Payment Card Industry, PCI, which is the self-regulating organization that oversees everyone that...
Growth in Cyber Insurance Sustainable if Underwriting, Pricing Are Right
Dec 7 2015 // Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from the line. But one...
Cyber Security: Insurance as an Essential Part of Risk Management
Dec 7 2015 // The cost and frequency of cyber-related security threats are on the rise. Some estimates claim that one-in-six businesses have experienced a cyber attack in the past year while the cost of cyber attacks on global...
Cyber, Property Risks Not Easily Separated: Security Expert
Dec 7 2015 // The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert. “I don’t think we can easily...
Top Cyber Threats for 2016 and Next Five Years
Dec 7 2015 // Businesses and organizations should expect cyber criminals to attack through wearable devices, employees’ home systems, cloud services and automobiles within the next year, according cyber experts at Intel’s...
New York Says Robust Cybersecurity Regs Needed for Insurers
Dec 7 2015 // New York regulators are considering a host of cybersecurity requirements for banks and insurers and urged other state and federal authorities to collaborate on establishing a framework of defenses for the financial...
Main Street America Launches Commercial Lines Cyber Risk Coverage
Dec 4 2015 // The Main Street America Group has launched a cyber risk protection offering designed for “Main Street” businesses in 19 states across the country. The coverage, available through Main Street America’s...
Target Settles 2013 Data Breach Claims with Banks
Dec 3 2015 // Target Corp. will pay about $39 million to banks and credit unions to resolve losses from a 2013 holiday- season data breach, as retailers and financial institutions continue to grapple with the costs of major hacker...
Cyber Insurance Rates Up, Unlike Other Commercial Rates
Dec 3 2015 // Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the latest analysis from...
15 Automakers, U.S. Meet on Safety, Recalls, Hacking
Dec 3 2015 // Executives from 15 auto companies met with U.S. Transportation Secretary Anthony Foxx Tuesday to discuss specific industrywide actions that can improve safety and prevent cars from being hacked. The meeting was convened...
VTech Data Breach Highlights Risk in Connected Toys, Internet of Things
Dec 1 2015 // U.S. states said they will investigate a massive breach at digital toy maker VTech Holdings Ltd as security experts warned that hackers are likely to target similar companies that handle customer data. Attorneys general in...
XL Catlin Launches Online Data Breach Resource Portal
Nov 30 2015 // XL Catlin’s Cyber & Technology insurance business has launched a new online resource – CyberRiskIQ.com, to provide clients with support for cybersecurity readiness and incident response...
Cyber Attacks on Private Sector a Growing Corporate Credit Risk: Moody’s
Nov 25 2015 // Cyber attacks on the private sector are an increasingly important risk in corporate credit analysis, U.S. ratings agency Moody’s Investors Service said this week. The threat of computer hacking varies from sector to...
London Insurance Market Vulnerable to Major Cyber Attack: Xchanging Survey
Nov 23 2015 // Only one-third of insurers in the London market believes their firm could withstand a major cyber attack, and almost half felt they were underprepared, according to a survey conducted by Xchanging plc, the U.K. business...
Readopted Credit-Scoring Model Highlights NCOIL’s Annual Meeting
Nov 19 2015 // Cyber insurance, international regulatory efforts, the sharing economy and the successful state credit-scoring model dominated the agenda of this past week’s National Conference of Insurance Legislators meetings in...
Cyber, Property Risks Not Easily Separated: Security Expert
Nov 19 2015 // The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert. “I don’t think we can easily...
Testing Firm Wins FTC Data Privacy Case But Closes Business
Nov 18 2015 // An administrative judge has dismissed the Federal Trade Commission’s data security case against cancer testing company LabMD, marking the first defeat for an agency that has successfully brought such cases against...
