Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Supply Chain, Data Breach, Political Unrest Top Overseas Risks for Businesses: Chubb
Apr 29 2014 // As U.S. and Canadian businesses plan to expand their business overseas this year, their executives are worried about supply chain failures, data breaches and political instability, according to a survey by the Chubb Group...
Healthcare Industry Lacks Adequate Cybersecurity, Says FBI
Apr 25 2014 // The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers searching for Americans’ personal medical records and health...
Data Breach at Iowa State Could Affect Thousands
Apr 24 2014 // The Social Security numbers of nearly 30,000 people who enrolled at Iowa State University over a 17-year period were exposed in a data breach, school officials announced. Five information technology servers on the Ames...
Hackers Target Global Tanker, Container Shipping Fleet
Apr 24 2014 // The next hacker playground: the open seas – and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age, as more devices are hooked up online, so they...
AIG Expands Cyber Coverage to Include Physical Risks from Cyber Events
Apr 23 2014 // AIG has expanded its cyber insurance offering to include property damage and bodily injury exposures. This new cyber offering provides commercial customers a way to manage physical risks to their operations from cyber...
Infrastructure Cybersecurity
Apr 21 2014 // As the world increasingly becomes interconnected through technology and the internet the risks of cybersecurity and cyber terrorism have become increasingly real as well. Everything from aviation to manufacturing to...
What’s Next for Cyber Insurance?
Apr 21 2014 // Back to the Beginning: Moving Beyond Breaches There’s a saying in the cybersecurity industry that there are two types of businesses today: Those that have been breached and know it and those that have been breached...
Cyber Coverage Demand Increased Significantly in 2013, Trend to Continue in 2014: Marsh
Apr 21 2014 // Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research...
Energy Firms Unprotected for Major Cyber Events: Willis
Apr 15 2014 // Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said, likening the threat to a “time bomb” that could cost the industry billions of dollars. Willis highlighted the...
Court Says FTC Can Sue Hotel Chain Over Data Breaches
Apr 8 2014 // A U.S. court ruled on Monday that the Federal Trade Commission can proceed with a lawsuit against hotel group Wyndham Worldwide Corp. for allegedly failing to safeguard consumers’ personal information. Wyndham had...
ACE Creates Global Cyber Risk Unit Headed by Merrill
Apr 7 2014 // ACE Group has created a Global Cyber Risk Practice to address growing risks as legislation and exposures for privacy and network security evolve around the world and customer demands for cyber risk insurance and risk...
Credit Bureau Experian Facing Litigation, State Probes Over Data Breach
Apr 7 2014 // Experian Plc is enmeshed in litigation over its 2012 purchase of the assets of data firm Court Ventures, which is at the center of a breach that exposed some 200 million American Social Security numbers to...
Agents Can Help Small Businesses Stay on Top of New Risks
Apr 7 2014 // Small businesses face a myriad of challenges throughout the business life cycle as they embark on new ventures and grow their operations. And insurance agents can serve as their guide and help them understand risks and...
Healthcare Reform Brings Expansion to Drug & Alcohol Treatment Industry
Apr 7 2014 // January 1 marked the beginning of an expansion of healthcare coverage for drug and alcohol addiction treatment under the Affordable Care Act (ACA). This expansion is leading to a growth in the rehabilitation facilities...
All Target Data Breach Cases to Be Heard in Minnesota
Apr 4 2014 // The U.S. Judicial Panel on Multidistrict Litigation ordered that the many lawsuits that accuse Target Corp. of failing to protect customers from a data breach will be consolidated in the retailer’s home state...
Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh
Apr 3 2014 // Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research...
Venture Expands Cyber Liability Coverage to Hospitality Industries
Apr 1 2014 // Venture Insurance Programs has expanded and enhanced privacy and data breach protection for its PREFERRED CLUB program for golf and country clubs, and its Suitelife programs for hotels and resorts. The policy offers...
Business Risk Partners, LIU Launch New E&O Policy Form for Agents, Brokers
Mar 26 2014 // Program administrator Business Risk Partners (BRP) has launched a new insurance agents and brokers professional liability form through Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance....
Technical and Medical Device Convergence Exposes New World of Risks
Mar 24 2014 // When the acclaimed television drama series Homeland climaxed with a devious plot by terrorists to kill America’s vice-president by hacking into his electronic pacemaker, critics mocked the ludicrousness of the idea...
Sony Units Lose Ruling in CGL Policy Coverage Dispute
Mar 24 2014 // A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in...
