Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Senate Takes Up Cyber Liability Bill
Oct 21 2015 // The U.S. Senate on Tuesday began debating a long-delayed bill that would make it easier for corporations to share information about cyber attacks with each other or the government without concern about lawsuits. Senate...
Sony Settles Employees’ Suit Over ‘The Interview’ Data Breach for $8 Million
Oct 21 2015 // Sony Pictures Entertainment Inc. has agreed to pay up to $8 million to resolve a lawsuit by employees who claimed their personal data was stolen in a 2014 hacking tied to the studio’s release of a comedy set in North...
ABI Notes UK Government Report Shows Rising Cyber Crimes
Oct 20 2015 // The Association of British Insurers (ABI) has noted that the latest UK Government crime figures, released on Monday, “show a rise in recorded crime due to cyber offences being recorded for the first time. Matt...
CAMICO Launches Cyber Risk Program for CPA Firms
Oct 13 2015 // CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has announced CyberCPA to further protect CPA firms from losses caused by a variety of cyber risk...
Businesses Aren’t Alone in Worrying About Cyber Risk
Oct 13 2015 // Joe Public has joined U.S. business owners in worrying about cyber risk more and more. Cyber-related concerns grew by more than 20 percentage points among consumers from last year, moving from the fifth-ranked to the...
What’s Driving Surplus Lines Insurance Growth?
Oct 12 2015 // Times are good for surplus lines professionals. The surplus lines industry reached new heights in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion – the highest point in history, reports A.M....
BHSI Launches Professional Liability, Network Security and Privacy Policies
Oct 9 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has launched two policies providing cyber liability and breach response coverage with risk management resources, the Professional First Network Security & Privacy Policy...
Cyber, Reputation Risks Top List of CEO, Risk Manager Concerns: Marsh Survey
Oct 8 2015 // Cyber and IT-related risks top the list of what keeps CEOs and risk managers awake at night, according to the 2015 International Business Resiliency Survey, conducted by Marsh and Disaster Recovery Institute International...
Crisis Services Top Insurers’ Cyber Claims Payouts; Average Claim at $674K
Oct 5 2015 // New claims costs data reveal a wide discrepancy on costs associated with cyber losses. More than $75.5 million has been spent on cyber claims losses as reported in the latest cyber claims study published by NetDiligence, a...
Insurers Respond Slowly to Growing Demand for Cyber Insurance: Timetric Report
Oct 5 2015 // The cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an estimated US$2.5 billion in 2014, according to a new report by...
Perception Versus Reality of Today’s Top Business Threats
Oct 5 2015 // In a risk-filled world, what are the worrisome problems keeping business leaders up at night? To get the answer to this question, The Graham Co. conducted a national survey of 300 senior business leaders to find out...
Retailers Most Vulnerable to Cyber Breaches at Point-of-Sale
Oct 5 2015 // In justifying a reluctance to purchase cyber insurance coverage for data breaches, many retailers insist they don’t store credit card information after a sale. But experts say the headline-generating data breaches at...
Consolidated Agency Partners, iPrevision to Offer Cyber Risk Management Services
Oct 2 2015 // Consolidated Agency Partners, Inc. (CAP), a preferred carrier market access firm, and iPrevision, have formed a strategic alliance to enhance the cyber and data liability coverage needs of their members and...
Competition, Customer Demand Worry Global SMEs but Optimism Rises: Zurich
Oct 2 2015 // Small and medium-sized enterprises (SMEs) around the world are increasingly concerned about the impact of competition on margins and lack of consumer demand, according to Zurich Insurance Group’s third annual global...
NAS’ Palotay: Point-of-Sale, not Stored Data, Riskiest for Retailers
Oct 1 2015 // In justifying a reluctance to purchase cyber insurance coverage for data breaches, many retailers insist they don’t store credit card information after a sale. But experts say the headline-generating data breaches at...
ACE Expands Cyber Risk Coverage Options for Non-Profits
Sep 30 2015 // ACE Group has launched a new coverage component for the ACE Express package policy specifically designed to protect private and not-for-profit organizations. The updated package policy enables insureds to purchase privacy...
NAS Introduces CyberNET Support for Cyber Liability Policyholders
Sep 29 2015 // NAS Insurance has launched “NAS CyberNET Support,” a customer support product which includes 24/7 phone support and a range of cyber risk management resources. NAS CyberNET Support is a full suite of...
Airbus and Atos to Create Cyber Security Products for Insurers, Other Industries
Sep 29 2015 // Airbus Group SE’s Defence and Space will team with digital services provider Atos SE to develop products designed to counteract cyber attacks on companies and their supply chains. The partnership will address...
Effect of U.S., China Cyber Pledge Unclear
Sep 28 2015 // The U.S. and China announced agreement on broad anti-hacking principles aimed at stopping the theft of corporate trade secrets though President Barack Obama pointedly said he has not ruled out invoking sanctions for...
Cyberattack Cost Illinois City $760K so Far
Sep 27 2015 // Naperville, Ill., city officials have spent about $760,000 on rebuilding its online network three years after a cyberattack wreaked havoc. City officials tell the Chicago Tribune insurance covered about 25 percent of the...
