Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
New Regulatory Guidance Affects Insurers, Producers
Jul 20 2015 // detailed illustration of a compass with Cyber Security text, eps10 vector Producers, brokers and insurers are all targeted by cyber attackers looking for personal identifiable information (PII) that can be used to open...
FBI: Global Criminal Hacker Forum Darkode Shut Down
Jul 15 2015 // The U.S. Department of Justice and FBI said today that they along with an international coalition of law enforcers have shut down the underground computer hacking forum known as Darkode and filed criminal charges against...
CFC Launches Cyber Policy for U.S. Healthcare Providers
Jul 14 2015 // Specialist lines underwriting agency, CFC, has extended its cyber product suite with the launch of a new policy developed specifically for U.S. healthcare providers. According to CFC’s Cyber Practice Leader, Vicky...
China’s Draft Cyber Security Law Worries Multinationals, Internet Providers
Jul 9 2015 // China’s parliament has published a draft cyber security law that consolidates Beijing’s control over data, with potentially significant consequences for internet service providers and multinational firms doing...
U.S. Power Grid Attack Could Cause $70 Billion Insurance Losses: Lloyd’s Report
Jul 8 2015 // A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and...
AmWINS Launches New Cyber Liability Product
Jul 7 2015 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, announced today the launch of a new dedicated excess facility designed to meet the rapidly growing demand for cyber liability...
Friday Afternoon Scam Cost Hedge Fund $1.2 Million – and CFO’s Job
Jul 7 2015 // The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge fund’s bank, and...
Data Breach and Suppliers
Jul 6 2015 // With some four-out-of-10 mid-sized businesses having had a cyber breach in the past three years, it’s no wonder that the take up rate for cyber insurance is rising. And it’s expected to jump even further in the...
XL Catlin Expands Data Breach Response Specialists Network
Jun 29 2015 // XL Catlin’s Cyber & Technology insurance business in North America is adding additional computer forensic and legal resources to its network of breach response specialists to help clients respond to breach...
4 of 10 Mid-Sized Firms Have Had Data Breach: Survey
Jun 26 2015 // Forty-three percent of mid-sized businesses say they have experienced a data breach in the past three years and 13 percent have had a supplier’s data breach impact their business information. Also, according to The...
Howden & Insurisx Launch Technology Platform to Help Prevent Cyber Attacks
Jun 25 2015 // Howden, the London-based international broking arm of Hyperion Insurance Group, and cyber insurance technology specialists Insurisx Inc. have launched a technology-based platform, designed to help clients of all sizes...
JLT Specialty, Keeper Security Form Client Data Protection Partnership
Jun 18 2015 // JLT Specialty Insurance Services Inc. (JLT Specialty USA), and Keeper Security, Inc., a password manager and digital vault, have formed a partnership designed to offer clients a tool to protect confidential and private...
Willis North America Adds 5 to FINEX Cyber Unit
Jun 18 2015 // Insurance broker Willis North America announced a series of senior appointments to its FINEX (financial and executive risk) Cyber/Errors and Omissions practice. Adeola Adele has been appointed executive vice president and...
Marsh: Many Firms Fail to Assess Cyber Threats From Business Partners
Jun 16 2015 // Many UK firms are failing to adequately assess their customers and trading partners for cyber risk, and are more vulnerable to cyber attacks themselves as a result, according to a study published by Marsh. Marsh’s...
Data Breach ID’d in North Dakota Workers’ Comp Agency
Jun 15 2015 // A state server containing information from North Dakota’s workers’ compensation agency was breached, but it’s unlikely any personal information was stolen, state officials announced. Mike Ressler, the...
Barbican Underwriter Elected Chair of Lloyd’s Market Association Cyber Group
Jun 15 2015 // Geoff White, underwriting manager for Cyber, Technology and Media at Barbican Insurance Group, has been elected chairman of the Lloyd’s Market Association’s (LMA) newly created Cyber Business Panel. White was...
Execs Worry More About Tech Costs Than Regulation, Cyber Attacks: Willis
Jun 15 2015 // Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns...
PURE Launches Cyber Program for High-Net Worth Segment
Jun 12 2015 // Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has partnered with security firm Concentric Advisors to offer CyberSafe...
Directors & Officers Could Be Liable for Cyber Attacks: Marsh
Jun 12 2015 // Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an attack against their firm...
Top 3 Reasons Firms Are Buying Cyber Insurance
Jun 12 2015 // Risk managers purchasing cyber insurance cite reputational harm, business interruption and data breach response and notification costs as the chief exposures they are trying to address. The Risk Management Society (RIMS)...
