Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
ABA Insurance, BakerHostetler to Provide Cyber Risk Management Program for Banks
Sep 14 2015 // ABA Insurance Services (ABAIS) launched a new cyber insurance product for banks that are insured through ABAIS to help them prevent, prepare for, and respond to data security incidents. BakerHostetler’s privacy and...
New York Health Insurer’s Data Breach Puts 10M Records at Risk
Sep 11 2015 // Upstate New York health insurer Excellus BlueCross BlueShield on Wednesday said its computer systems and those at affiliates had been breached, exposing data from more than 10 million members, in the latest case to show...
AIG, Axis Insure Adultery Website AshleyMadison: Report
Sep 9 2015 // American International Group Inc. and Axis Capital Holdings Ltd. are among insurers for the company that owns AshleyMadison.com, the adultery website hacked in a breach that exposed more than 37 million users, people...
Makers of Self-Driving Cars Could Shoulder Burden of Insurance Liability
Sep 9 2015 // Hacker attacks or faulty software could shift the burden of legal and regulatory liability toward makers of self-driving cars and away from customers, experts say, forcing regulators and insurers to develop new...
S&P: U.S. Insurers Cautious to Respond to Soaring Cyber Demand
Sep 7 2015 // Standard & Poor’s predicts a major jump in demand for cyber insurance in the coming years, with interest initially outstripping supply. U.S. insurers will respond gradually, however, entering the market with...
10 Drivers of Surplus Lines Growth
Sep 7 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....
Cyber Risk Insurers Lag in Buying Cyber Cover
Sep 7 2015 // As recently as two years ago, only half of the top 10 carriers writing cyber insurance had purchased cyber coverage themselves, a broker specialist said recently. During an interview at the Standard & Poor’s...
Insurers Look to Cyber, M&A Coverage as Prices Decline: Marsh
Sep 7 2015 // Commercial insurance rates continued their global decline in the second quarter of 2015, a trend driven by an abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global...
Sony Pictures Agrees to Settle with Former Employees Over Hacked Data
Sep 3 2015 // Sony Pictures Entertainment Inc. has reached a settlement agreement with nine former employees who had filed a lawsuit claiming that their personal data was stolen in a 2014 hacking tied to the studio’s release of a...
CFC Launches Cyber Risk Portal
Sep 2 2015 // Specialist lines underwriting agency, CFC, has extended its cyber product suite with the launch of a new online hub offering specialized cyber risk management and response services. CFC has partnered with several...
U.S. Eyes China, Russia Sanctions Over Cyber Attacks
Sep 1 2015 // The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said on Monday. The officials, who spoke on...
Asset Managers Urged to Make Cyber Risk Top Priority
Sep 1 2015 // Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves...
Shopping, Banking from Car Dashboards Opens Door to Identity Theft
Sep 1 2015 // Hackers can already take control of a car. And as vehicles become rolling shopping malls, cybercriminals will have an opportunity to snatch your identity, too. Eager for a cut of drivers’ purchases of fast food, gas...
Hackers Target Data of Catholic Workers in Michigan
Aug 31 2015 // Hackers cracked a computer network and got access to Social Security numbers and other personal information of more than 10,000 people who work for Roman Catholic churches or church affiliates around Michigan. “I...
Uber Plans for Driverless Cars, Hires Hacking and Robotics Experts
Aug 31 2015 // Uber Technologies Inc. has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie...
Target Avoids SEC Penalties Over 2013 Breach
Aug 27 2015 // The U.S. Securities and Exchange Commission won’t pursue an enforcement action against Target Corp. after hackers stole data on 40 million credit and debit cards during the 2013 holiday shopping season, according to...
‘John Doe’ Sues Adultery Website Ashley Madison in U.S.
Aug 26 2015 // The Canadian-based adultery website AshleyMadison.com faces a U.S. backlash — led by the always- litigious “John Doe” — over a data breach that exposed more than 37 million formerly anonymous...
Court Says FTC Has Power to Regulate Corporate Cybersecurity
Aug 25 2015 // A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp. of failing to properly safeguard...
Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report
Aug 20 2015 // “Cyber-attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry.” That’s the overall conclusion of a new report published by Lloyd’s, entitled “Drones Take...
Hacked Adulterers’ Website Faces Reputation Risk; 36M Users Fear Being Outed
Aug 19 2015 // Hackers claiming to have stolen data from AshleyMadison.com, a website that facilitates hook-ups between would-be adulterers, have released information they say includes details of more than 36 million user accounts. The...
