Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
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)...
Where Cyber Insurance Underwriting Stands Today
Jun 12 2015 // “You would think the first question to ask would be: Do insured parties understand the elements and limitations of coverage?” said Kevin Kalinich, speaking on cyber risk. “The real first question is: Do...
Senate Fails to Advance Cybersecurity Bill
Jun 11 2015 // The U.S. Senate failed on Thursday to advance legislation to strengthen protections against cyber attacks, as Democrats banded together to oppose the measure’s inclusion in a defense policy bill President Barack...
Cyber Security – ‘a Fast Growing Emerging Risk’ for Companies – S&P Reports
Jun 10 2015 // “For corporate borrowers, as well as Standard & Poor’s Ratings Services’ assessment of credit quality, cyber risk is a growing source of concern, given the increasing frequency of reported...
Israel’s Illusive Networks Aims to Foil Hackers by Directing Them to Fake Data
Jun 9 2015 // Israeli start-up Illusive Networks says it can foil cyber hackers by lulling them into thinking they have found a way to steal data, which is actually fake. The company, set up last year, says algorithms in its software...
Obama Seeks ‘Nimble, Aggressive, Well-Resourced’ Cyber Defense
Jun 9 2015 // President Barack Obama vowed on Monday that the United States would aggressively bolster its cyber defenses, as U.S. officials said the probe into a massive breach of federal government networks has yielded growing signs...
Should U.S. Retaliate for Cyber Attacks?
Jun 9 2015 // The Obama administration should retaliate for a cyber-attack on federal employee records that was the worst breach the U.S. government has ever suffered, members of Congress said on Sunday. “There has to be a price...
Beecher Carlson Releases Cyber Business Interruption Calculator
Jun 8 2015 // Insurance broker Beecher Carlson has launched a cloud-based application service called CyberSelect BI Vision to help educate policyholders on their exposure to business interruption losses from cyber risk. The app is a...
The Risk of Data Breach in Agencies Today
Jun 5 2015 // Data breaches pose a serious threat to agents even though incidents involving large companies such as Target and Sony produce all the headlines. All agencies are vulnerable to breaches, no matter what their size, location...
Top 5 Issues in Often-Misunderstood Business Interruption Insurance
Jun 3 2015 // The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts...
Allied World Launches New Cyber Risk Assessment, Mitigation Service
Jun 3 2015 // Allied World North America has launched Allied World // FrameWRX, a prescriptive and proactive cyber risk management program designed to help companies to address their exposures. This new offering provides Allied...
10 Things to Know About Financial Institutions
Jun 1 2015 // 1.Financial institutions are increasingly being scrutinized by regulators, both federal and state, about their safeguards to protect sensitive customer information. These regulatory inquiries are not only focused on the...
Top 10 Challenges Directors & Officers Face in 2015
Jun 1 2015 // Whether addressing a complex securities claim, a parallel government investigation or a lawsuit related to a cyberattack or merger, directors and officers continue to face complex challenges in today’s environment....
Brokers, Insurers Ready to Tackle Small Business Market
Jun 1 2015 // There is a shift happening in the small business segment and the insurance industry is aware and ready for it. The small businesses that survived the recession are different now, say underwriters. They have had to invest...
Companies Let Most Technology Assets Go Unprotected: Aon/Ponemon
Jun 1 2015 // Cyber is one of the fastest growing risks for companies across the globe, and information technology assets are often as valuable as property assets, yet companies are only protecting 12 percent of those assets compared to...
Lockton Partners with Cyber Risk Firm on Executive-Level Assessment Service
May 28 2015 // Dynetics, a provider of technology products, and the Washington, D.C. operations of Lockton Companies, have formed an alliance to provide Lockton clients direct access to QuickLook, an executive-level cyber risk assessment...
Banks Scuttle MasterCard Settlement with Target Over Data Breach
May 26 2015 // A proposed $19 million settlement between MasterCard Inc. and Target Corp. over the retailer’s 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The...
Are Planes Safe? Hacker Case Points to Deeper Cyber-Risk Issues
May 26 2015 // Security researcher Chris Roberts made headlines last month when he was hauled off a plane in New York by the FBI and accused of hacking into flight controls via his under seat entertainment unit. Other security...
Beazley Launches Risk Management Website for Breach Response Policyholders
May 22 2015 // Beazley has launched of a new risk management website for Beazley Breach Response (BBR) policyholders. The site offers tools and resources to help insureds prepare for and respond to a data breach and minimize reputational...
Health Insurer CareFirst Says Cyberattack Stole Data of 1.1M Users
May 21 2015 // CareFirst BlueCross BlueShield, which sells health insurance in Maryland, Virginia and the District of Columbia, said on Wednesday that a cyberattack compromised the data of 1.1 million current and former...
