Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
In Cyber Insurance, Experts Say Employee Curiosity Can Kill the Catastrophe
Feb 15 2023 // Powered by InsuranceJournal.tv One of the most important things insurance companies and employees alike can do to achieve success is stay curious, experts said on this episode of The Insuring Cyber Podcast. “Make...
Markets/Coverages: Brit Renews and Expands Flagship Cyber Consortium
Feb 15 2023 // Brit Ltd. announced the renewal and planned expansion of its leading cyber consortium, Brit Cyber Attack Plus (BCAP), a cyber product designed to protect clients from the impact of physical damage arising from...
Scandinavian Airline SAS Hit by Cyber Attack, Affecting App
Feb 15 2023 // Scandinavian airline SAS said it was hit by a cyber attack Tuesday evening and urged customers to refrain from using its app but later said it had fixed the problem. News reports said the hack paralyzed the carrier’s...
Ransomware Attacks on Industrial Firms Increased by 87% in 2022
Feb 14 2023 // Ransomware attacks against industrial organizations increased by 87% in 2022 from the year before, with most malicious software targeting the manufacturing sector, according to findings published Tuesday. Hackers last year...
Coalition Cyber Insurance Now Offered to Large Enterprises With Revenue Up to $5B
Feb 14 2023 // Coalition announced it has expanded its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company’s increased capacity above its existing limit of $1 billion comes from a...
US, UK Sanction Russians Tied to TrickBot Hacking Gang
Feb 13 2023 // The US and UK have imposed sanctions on seven alleged members of a Russia-based cybercrime gang, the first such joint action from the two countries. The sanctions target accused members of TrickBot ransomware group, which...
Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks
Feb 13 2023 // Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a leadership team consisting of industry experts. The office aims to build and scale Liberty...
People Moves: Liberty Mutual Names Korte to New Underwriting Leadership Position; CFC Appoints Bailey Cyber Underwriting Leader
Feb 10 2023 // Liberty Mutual Names Korte to New Underwriting Leadership Position Liberty Mutual Insurance has appointed Dieter Korte as Global Risk Solutions North America chief underwriting officer, middle market. Korte has more than...
People Moves: CFC Taps Markel’s Bailey to Lead Cyber U/W; Lockton Hires James as Head of Facilities & Binders; WTW Appoints Aon’s Van Ede for Trade Credit
Feb 9 2023 // This edition of International People Moves details appointments at the MGA CFC Underwriting, Lockton, and WTW. A summary of these new hires follows here. CFC Taps Markel’s Bailey as Cyber Underwriting Leader Scott...
People Moves: Generali’s GC&C Promotes 3 for German Team; Lockton Re Taps AXIS’ Silley for Cyber Practice; Aon Names Penalva Head of Enterprise Clients, EMEA
Feb 8 2023 // This edition of International People Moves details appointments at Generali Global Corporate & Commercial, Lockton Re and Aon. A summary of these new hires follows here. Generali Global Corporate & Commercial...
UK’s Royal Mail Faces Threat From Ransomware Group LockBit
Feb 8 2023 // UK’s Royal Mail is facing a threat from ransomware group LockBit, according to information published on a website, at a time when the British postal and parcel firm is grappling with the fallout of a “cyber...
Ransomware Outbreak Hits US and European Universities, Florida Supreme Court
Feb 7 2023 // A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the United States and Central Europe, according to a Reuters analysis of ransom notes posted online...
Zurich Insurance Leads Series B Fundraise for Cyber Insurtech BOXX Insurance
Feb 7 2023 // BOXX Insurance, the Toronto-headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, led by Zurich Insurance Co. Ltd. This latest funding round brings the...
ION Trading UK Prepares to Bring Clients Back Online After Cyber Attack
Feb 7 2023 // ION Trading UK, the technology firm hit by a cyberattack last week, told some clients that it has rebuilt relevant systems and will relaunch them after carrying out independent security testing. ION indicated that some...
Ransomware Hackers Are Targeting Known Server Vulnerability, Italy Warns
Feb 7 2023 // Thousands of computer servers have been targeted by a global ransomware hacking attack targeting VMware ESXi servers, Italy’s National Cybersecurity Agency (ACN) said on Sunday, warning organizations to take action...
Massachusetts’ MKS Instruments Investigates Ransomware Attack
Feb 6 2023 // MKS Instruments Inc. said on Monday it was investigating a ransomware attack that occurred last week and affected the semiconductor equipment maker’s production-related systems. The company said it was in the early...
Hackers Who Breached ION Say Ransom Has Been Paid; Company Declines Comment
Feb 6 2023 // The hackers who claimed responsibility for a disruptive breach at financial data firm ION say a ransom has been paid, although they declined to say how much it was or offer any evidence that the money had been handed...
UK Engineering Company Vesuvius Hit by Cyber Attack
Feb 6 2023 // UK engineering company Vesuvius Plc said it’s managing a cyber-security incident involving unauthorized access to its systems. The molten metal flow control firm has shut down affected systems and initiated steps to...
Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
Feb 6 2023 // Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row. That’s according to Allianz’s Risk Barometer 2023, which found that at the same time macroeconomic...
Ransomware Attack Closes Nantucket Schools
Feb 3 2023 // Public schools on the Massachusetts island of Nantucket remained closed on Wednesday a day after a ransomware attack targeted the district’s computer system and prompted officials to send students home...
