Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Hard Market Generates New E&O Challenges for Insurance Agents
Aug 22 2012 // The soft market has made the job of insurance agents very difficult the last few years. Competition has been extremely fierce, and premiums so low that agents have had to fight for business and write more accounts just to...
Beazley Forms Data Breach Response Business Unit
Aug 20 2012 // Beazley has established BBR Services, a new business unit dedicated to helping clients that have suffered a data breach manage the consequences. Data breaches involving the theft or loss of personally identifiable customer...
R K Harrison Hires Rees to Lead New Cyber Risk Practice
Aug 14 2012 // Employee-owned, London-based insurance broker R K Harrison announced that David Rees has joined the firm to “head a dedicated cyber practice within its specialist casualty team, responding to the increasingly...
Hartford Steam Boiler, NetDiligence Offer Data Breach Portal
Aug 13 2012 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, in collaboration with NetDiligence, has put in place online risk management tools to help its insured businesses and organizations recover...
Cyber Surveillance Virus from Mideast Can Spy on Bank Transactions
Aug 10 2012 // A new cyber surveillance virus has been found in the Middle East that can spy on banking transactions and steal login information for social networking sites, email and instant messaging, according to a leading computer...
Willis Warns Directors D&O Policies May Not Cover Some Cyber Risks
Aug 6 2012 // Willis Group Holdings latest Executive Risks Boardroom Guide warns that, as the online universe expands it has “introduced new financial risks that may not be covered under general and professional liability...
Cincinatti Insurance Co., IDentity Theft 911 to Offer Data Breach Services to Insureds
Aug 1 2012 // IDentity Theft 911, an identity management and data risk management service company, is partnering with The Cincinnati Insurance Company to bring data risk solutions to Cincinnati’s commercial insurance...
5 Cyber Coverages
Jul 23 2012 // John Merchant, a director and underwriter at Freedom Specialty Insurance Co. — part of the Nationwide Group — divides cyber insurance coverage into five broad categories: Liability coverage, which covers damages from...
Insurers Warn Restaurants on Exposures that Could Interrupt Recovery
Jul 23 2012 // The restaurant industry has endured a difficult few years and while some establishments didn’t survive the economic storm, those that did are anxious to see their business grow again. They may not have to wait too...
Industry Tries to Keep Up With Cyber Liability Exposures
Jul 23 2012 // Laptops, cell phones and cloud computing have made cyber liability a fast-emerging exposure and insurers are stepping up with coverages. But most insureds don’t fully recognize the risk. A recent Towers Watson survey...
Bipartisan Senate Bill Addresses Cyber Threats
Jul 20 2012 // Compromise legislation introduced in the U.S. Senate on Thursday would bolster cyber threat assessment and permit the government to share information with American business under certain conditions, a step aimed at better...
Senator Graham Tells South Carolinians to Prepare for Cyber Attacks
Jul 19 2012 // South Carolinians have dealt with the aftermath of war, earthquake and hurricanes and U.S. Sen. Lindsey Graham said this week the state now needs to be prepared for another type of disaster — cyber attacks. “A...
Hiscox Launches New Portfolio of Technology Products in U.S.
Jul 17 2012 // Hiscox has launched a new suite of technology products to address the growing technology, privacy and cyber risks facing businesses globally. Hiscox coverage includes breach of contract and intellectual property exposures,...
EU Agency ENISA Calls for ‘Kick-start’ in Cyber Insurance Market
Jun 29 2012 // Europe’s citizens and businesses could benefit from better protection for their computer systems and data if the cyber insurance market can be kick-started, according to a recently released report from the European...
XL Expands Technology Underwriting Staff in New York, Atlanta, Chicago
Jun 26 2012 // XL Group plc has expanded its technology underwriting capabilities in New York, Atlanta and Chicago, adding six underwriters to its U.S. cyberliability underwriting group and appointing a new vice president to its Select...
Argo Pro Introduces New Cyber Liability Product
Jun 26 2012 // Argo Pro, a member of Argo Group International Holdings, Ltd. has introduced a new cyber liability insurance product – information & Professional Risk Playbook(iPRP)– designed to address the exposures businesses...
ACE Expands Data Breach Team for Privacy Protection Policies
Jun 18 2012 // ACE USA, the U.S.-based retail operating division of the ACE Group, has added five new member firms to its ACE data breach team. This pool of independent, third-party professional service will help organizations and...
Cyber Security Breach at LinkedIn
Jun 18 2012 // For millions of professionals who use LinkedIn, the career social networking site, it was time to create new passwords. Earlier this month, LinkedIn — a site with more than 160 million users, including many insurance...
Small Business Owners Dismiss Risk of Data Breach: Survey
Jun 14 2012 // As the number of data breaches involving smaller businesses continues to grow, a new survey by The Hartford finds 85 percent of small business owners believe a data breach is unlikely, and many are not implementing simple...
LinkedIn Risks Reputation Damage Over Password Leaks, Silence
Jun 11 2012 // LinkedIn Corp.’s silence on the extent of a security breach that exposed millions of user passwords has damaged its reputation among some business professionals, and may slow the growing company’s rise if the...
