Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Sony Pictures Grapples with Huge Cyber Attack
Dec 2 2014 // Eight days after a massive cyber attack on Sony Pictures Entertainment, the Hollywood studio was still struggling to restore some systems on Tuesday evening as investigators combed for evidence to identify the...
Liberty Mutual Offers Cyber Cover for Small, Mid-Sized Businesses
Nov 30 2014 // Liberty Mutual Insurance has launched cyber coverages on its commercial package products and monoline general liability policies for small- to mid-sized businesses. The new Data Security endorsement provides four optional...
Smaller Firms Showing Interest in Cyber Liability Coverage: Aspen’s Vitale
Nov 25 2014 // Cyber liability insurance isn’t just for large corporations anymore. Demand for cyber liability insurance is now coming from middle-sized and small businesses, according to an insurance CEO who believes the market...
Nationwide, Hartford Steam Boiler Offer Cyber Cover for Small Business Owners
Nov 24 2014 // As more than half of all U.S. small businesses have experienced a data breach, Nationwide has joined forces with Hartford Steam Boiler (HSB) to offer cyber insurance coverage for small business owners. The services and...
Target: Retailer Owes No Duty to Banks in Data Breach
Nov 23 2014 // A Target Corp. lawyer told a judge that the company had no legal obligation to banks that claim to have lost tens of millions of dollars after a hack last year on the retailer’s payment processing systems. Target...
RHSB’s Jones Receives Cyber Risk Management Leadership Award
Nov 20 2014 // Douglas R. Jones, senior vice president and principal at Texas-based Roach Howard Smith & Barton, was presented with the Cyber Risk Management Leadership Award 2014-15 at the annual Cyber Risk Management Boot Camp held...
Staples Still Tallying Costs of Data Breach
Nov 20 2014 // Staples Inc., the world’s largest office-supply chain, said it can’t yet “reasonably” estimate the potential losses and expenses it will incur in connection with the possible credit-card data breach...
State Regulators Form Cyber Issues Task Force
Nov 19 2014 // The National Association of Insurance Commissioners (NAIC) said it has formed a special task force to help states coordinate efforts related to cyber security and insurance industry data and coverages. NAIC said the task...
Lawmakers Seek Details on Financial Services Firms’ Data Breaches
Nov 19 2014 // Leading Democrats in both houses of Congress sent letters on Tuesday to 16 major banks and other financial firms requesting detailed information about recent data breaches and briefings from corporate data security...
Hub International Hires Farley as East Region Cyber Risk Practice Leader
Nov 17 2014 // John Farley Chicago-based global insurance broker Hub International Limited has hired John Farley as vice president and Cyber Risk Practice leader for East region operations. In this role, Farley will be responsible for...
Businesses Slow to Boost Cyber Insurance Coverage Despite Risks
Nov 17 2014 // While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate cyber insurance coverage, a new survey found. That finding comes from the Association for...
Lack of Education
Nov 17 2014 // The biggest challenge in selling cyber insurance is educating businesses about the need for coverage but agents and insurers may be falling short in their role to deliver education when it comes to cyber coverages. A new...
5 Tips for Clients to Consider When Buying Cyber Liability
Nov 17 2014 // There’s been a myriad of articles outlining the benefits of cyber liability insurance following the well-publicized data breaches of Target, P.F. Chang’s, JPMorgan Chase, eBay, Home Depot and hundreds of other...
Hypothetically, Here’s How to Respond to a Data Breach
Nov 13 2014 // How an organization responds within 72 hours of a data breach can be critical. Take the case of GlobalMart, a hypothetical Boston-based international company that has had a hypothetically horrendous 2014, ricocheting from...
Hiscox Endorsement Covers Business Loss by Cyber Deception, Phishing
Nov 13 2014 // International specialist insurer Hiscox is now offering a Cyber Deception endorsement as part of its crime insurance that is aimed at protecting businesses against malicious efforts by criminals to trick employees into...
ACE Group Offers Tiered Loss Mitigation Services for Cyber
Nov 13 2014 // ACE Group is offering a new Loss Mitigation Services designed to help businesses reduce the possibility of cyber security attacks and data breaches from occurring, minimize potential losses, and prepare for possible...
Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter
Nov 12 2014 // Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new...
Insurance Covers $27M of Home Depot’s Breach Recovery Costs
Nov 6 2014 // Home Depot Inc., which suffered a data breach between April and September, said 53 million e-mail addresses were taken by hackers during the attack, in addition to the 56 million payment cards that were previously...
Survey: Businesses Slow to Boost Cyber Insurance Coverage Despite Risks
Nov 5 2014 // While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate cyber insurance coverage, a new survey found. That finding comes from the Association For...
EU Cyber Watchdog Warns: More Money, Action Needed to Combat Hackers
Nov 5 2014 // Banks need to put more money into combating hackers who have the potential to wreak havoc throughout the continent, the director of the European Union’s cybersecurity agency said. “We don’t know if there...
