Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
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...
Marsh Launches Global Excess Cyber Risk Facility Called ‘Cyber ECHO’
Jan 27 2016 // Marsh has launched “Cyber ECHO”, a global excess cyber risk facility that provides more reliable insurance coverage for organizations around the world. Following a series of high-profile cyber losses,...
The Struggle Getting U.S. Regulators to Understand Insurance
Jan 25 2016 // The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council (FSOC) is a done deal. But exactly what that means in terms of higher regulatory standards is still...
P/C Execs Predict Cyber Growth, Democrat in the White House
Jan 25 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they expect the economy to stay...
Lloyd’s Develops Standardized Data Requirements for Cyber Risks
Jan 19 2016 // Lloyd’s of London announced that a set of common core data requirements for cyber risks has been agreed by collaborating with modeling firms AIR Worldwide and RMS, along with RMS’ partner, the Cambridge Centre...
U.S., 17 Automakers Reach Agreement on Cybersecurity, Safety
Jan 18 2016 // The U.S. Transportation Department and 17 automakers have reached agreement on efforts to enhance safety, including sharing information to thwart cyber-attacks on their increasingly wired vehicles. Automakers including...
U.S. Reports on Cyber Attacks on Manufacturing, Other Industries
Jan 15 2016 // U.S. Department of Homeland Security investigations of cyber attacks on the nation’s critical manufacturing sector nearly doubled in the year ended Sept. 30, according to the agency. The Department of Homeland...
The Struggle Getting U.S. Regulators to Understand Insurance
Jan 15 2016 // The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council is a done deal. But exactly what that means in terms of higher regulatory standards is still not...
XL Catlin, RPS/Plus Add Data & Theft Endorsements to Title Agent Policies
Jan 14 2016 // XL Catlin and RPS/Plus Companies have launched two new endorsements – making data breach and added theft protection available – for their professional liability insurance program specifically designed for title and...
Israel Emerges as Leader in Developing Cyber Defenses for Cars
Jan 13 2016 // Building on its expertise in technology, Israel is emerging as a leader in the race to keep cars secure and prevent the nightmare scenario of a hacker commandeering your vehicle. Most cars today are equipped with some...
Hackers Caused Ukraine Outage with Malware & Remote Power Cut: Report
Jan 11 2016 // Hackers likely caused a Dec. 23 electricity outage in Ukraine by remotely switching breakers to cut power, after installing malware to prevent technicians from detecting the attack, according to a report analyzing how the...
Schinnerer Launches New Cyber Protection Package
Jan 6 2016 // Victor O. Schinnerer & Company has launched its Cyber Protection Package. Using Schinnerer’s online broker portal, brokers can quote a cyber policy in minutes by answering a few basic questions about their...
Top 10 Property/Casualty Insurance News Stories of 2015
Dec 30 2015 // The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived...
