Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
People Moves: Anderson Joins Safety National Cyber Team; Coalition Hires First CFO
Aug 8 2022 // Steven Anderson joins Safety National’s Cyber Insurance Team Steven Anderson has joined the Safety National cyber insurance team as Director of Cyber Underwriting. Anderson will be based out of the company’s...
Cyber Attacks Plague Taiwan After Pelosi Visit Enrages Beijing
Aug 4 2022 // As U.S. House of Representatives Speaker Nancy Pelosi made a brief visit to Taiwan this week that enraged Beijing, the welcome she received from government officials and the public was in sharp contrast with a different...
Robinhood Crypto to Pay New York $30M for Cybersecurity, Anti-Laundering Violations
Aug 3 2022 // Robinhood Crypto will pay a $30 million penalty to New York State for “significant failures” in its anti-money laundering obligations and cybersecurity compliance, according to the state’s financial...
Markets/Coverages: Sayata Adds CFC to Platform; Cowbell Cyber Partners With Amwins
Aug 2 2022 // Boston-based Sayata said it has added CFC to the Sayata platform, offering brokers full access to CFC’s award-winning cyber insurance offering for small and medium businesses (SMBs). CFC’s cyber insurance...
Congress Wants Answers on a ‘Significant’ Cyberattack on Courts
Aug 1 2022 // Three hostile foreign actors breached the federal courts document management system via “an incredibly significant and sophisticated” cyberattack more than 18 months ago, the chairman of the House Judiciary...
Despite Growing Pressures, Most Cyber Insurers Won’t Exit: Survey
Aug 1 2022 // The cyber insurance sector has been tested recently with growing ransomware attacks, rising premiums, and more sophisticated threat actors, but that isn’t necessarily scaring insurers away, according to a 2022 Cyber...
Job Service Settles With Massachusetts Over Data Breach, Written Security Plan Violation
Jul 26 2022 // A Rhode Island-based job placement service company will pay $230,000 in penalties under a data security settlement reached with Massachusetts Attorney General Maura Healey’s office. The settlement cites the...
Uber Admits Covering Up 2016 Hacking, Avoids Prosecution in U.S. Settlement
Jul 26 2022 // Uber Technologies Inc. on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with U.S. prosecutors to avoid criminal charges. In...
New York Begins $30M Program to Help Municipalities Boost Cybersecurity Efforts
Jul 26 2022 // New York State is beginning a $30 million shared services program designed to assist counties with cybersecurity for government systems across the state, including tools to protect against ransomware attacks. In the...
T-Mobile to Pay $350 Million in Settlement Over Massive Hacking
Jul 25 2022 // T-Mobile US Inc. agreed Friday to pay $350 million and spend an additional $150 million to upgrade data security to settle litigation over a cyberattack last year that compromised information belonging to an estimated 76.6...
Beazley’s H1 Profits Drop but Full-Year Outlook Rises on Cyber Premium Growth
Jul 22 2022 // Lloyd’s of London insurer Beazley on Friday reported first-half profits fell on hits to its investment portfolio from market volatility, but raised its full-year profitability guidance on an increase in cyber risk...
Adar Acquires Rigid Bits Cybersecurity Firm
Jul 21 2022 // Adar acquired cybersecurity firm Rigid Bits in Longmont, Colorado. The Rigid Bits team will join forces with Adar. Jeff Oden will join Adar’s leadership team as vice president of information security, taking...
Rossini, Suckerman Take New Roles Within Reshuffled AXA XL Cyber Unit
Jul 19 2022 // AXA XL’s cyber insurance business announced the creation of two new roles and several regional underwriting management appointments. Rachel Rossini has assumed a new role as product manager for Cyber and Technology...
Log4j Software Flaw ‘Endemic,’ New Cyber Safety Panel Says
Jul 18 2022 // A computer vulnerability discovered last year in a ubiquitous piece of software is an “endemic” problem that will pose security risks for potentially a decade or more, according to a new cybersecurity panel...
‘Cautious Optimism’ for Cyber Buyers as More Focus on Risk Controls: Marsh
Jul 18 2022 // While the market for cyber insurance is expected to remain challenging “for the foreseeable future,” there is optimism for rate stabilization as organizations focus on cyber hygiene, according to broker...
Cyber Experts Say California Lacked Safeguards for Gun Owner Data
Jul 18 2022 // Cybersecurity experts say the California Department of Justice apparently failed to follow basic security procedures on its website, exposing the personal information of potentially hundreds of thousands of gun owners. The...
Scrutiny of Alibaba in Record Cyber Breach May Ensnare All China Tech
Jul 15 2022 // Questions surrounding Alibaba Group Holding Ltd.’s role in China’s largest known cybersecurity breach may fuel Beijing’s resolve to clamp down on domestic tech giants and accelerate a move away from their...
Despite Growing Pressures, Most Cyber Insurers Won’t Exit: Survey
Jul 15 2022 // The cyber insurance sector has been tested recently with growing ransomware attacks, rising premiums, and more sophisticated threat actors, but that isn’t necessarily scaring insurers away, according to a 2022 Cyber...
Industry Trade Associations Oppose Potential New Cyber Claims Data-Sharing Rules
Jul 13 2022 // Insurance industry trade associations said they do not want “misguided provisions” related to cyber claims data sharing in the next National Defense Authorization Act (NDAA) for fiscal year 2023. The American...
Markets/Coverages: Lloyd’s Insurer Probitas Starts Underwriting Cyber
Jul 7 2022 // Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the book of business on complex small-and-medium-sized enterprises (SME), up...
