Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
New York Proposes Changes to Financial Services Cybersecurity Regulation
Nov 21 2022 // More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened accountability under proposed...
Many Cyber Criminals Return After Ransomware Payments Are Made
Nov 21 2022 // Over a third (36%) of companies who paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, more than four in 10 (41%) of those...
U.S. Charges Suspect Linked to Notorious Ransomware Gang
Nov 16 2022 // A man who authorities say participated in a ransomware campaign that extracted tens of millions of dollars from victims has been charged in the United States, the Justice Department announced Thursday. Mikhail Vasiliev, a...
Abortions, Drug Use Exposed in Cyber Attack on Australian Health Insurer Medibank
Nov 14 2022 // When the Australian health insurer Medibank Private Ltd. was hit with a ransomware attack last month, it provided regular updates to its customers, including the revelation that personal information from nearly 10 million...
Medibank Hack Could Cost A$700M for Damages and Fixes
Nov 10 2022 // The data breach at Medibank Private Ltd. could cost the Australian health insurer A$700 million ($450 million) if customers decide to sue for damages after personal medical details were posted to a forum on the dark web,...
New York Proposes Changes to Financial Services Cybersecurity Regulation
Nov 9 2022 // More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened accountability under proposed...
Many Cyber Criminals Return After Ransomware Payments Are Made
Nov 9 2022 // Over a third (36%) of companies who paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, more than four in 10 (41%) of those...
Training the Next Generation of Cyber Ninjas with Continuing Education
Nov 9 2022 // Powered by InsuranceJournal.tv As cyber attack methods are constantly evolving, guests on this episode of The Insuring Cyber Podcast offered their best advice for how to evolve with them. “This idea of being cyber...
Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought
Nov 7 2022 // A hack on an Australian health insurer appears to be far larger than initially suspected, with the company saying it will refuse to pay a ransom for the theft of data. The attack on Medibank Private Ltd. exposed the data...
Ukraine War, Geopolitics Fuel Cyber Attacks: EU Agency
Nov 4 2022 // Geopolitics such as Russia’s invasion of Ukraine has led to more damaging and widespread cybersecurity attacks in the year to July, EU cybersecurity agency ENISA said in its annual report on Thursday. ENISA’s...
SEC Considering Action Against SolarWinds Over Cyber Disclosures
Nov 4 2022 // The U.S. Securities and Exchange Commission has recommended an enforcement action against SolarWinds Corp over its public statements on cybersecurity and procedures governing such disclosures, the software firm said on...
French Defense Group Thales Says Hackers Claim to Have Stolen Data
Nov 2 2022 // French defense and technology group Thales said on Tuesday the hacker group LockBit 3.0 claimed to have stolen some of its data and was threatening to publish it. Thales said the extortion and ransomware group had...
U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury Department
Nov 2 2022 // US financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the Treasury Department. The...
People Moves: Chaucer Taps AXA XL’s Tuggey to Lead Cyber; LSM Appoints Chubb’s Vince for Broker Mgmt; QBE Int’l Names Stokoe, Fuller to Exec Board, Expanding Roles
Nov 2 2022 // This edition of International People Moves details appointments at Chaucer, Liberty Specialty Markets, and QBE International. A summary of these new hires follows here. Chaucer Names AXA XL’s Tuggey as Head of...
Cyber Officials From 37 Countries, 13 Firms to Meet in Washington on Ransomware
Oct 31 2022 // The White House will host officials from 37 countries and 13 global companies in Washington this week to address the growing threat of ransomware and other cyber crime, including the illicit use of cryptocurrencies, a...
Europe’s Biggest Copper Smelter Hit as Part of Wider Cyberattack on Metals Industry
Oct 31 2022 // Aurubis, Europe’s biggest copper smelter, said on Friday it had been targeted as part of a wider cyberattack on the metals and mining industry which had forced it to shut down its IT systems and disconnect them from...
Australia’s Hacking Frenzy Spurred by Understaffed Cybersecurity Workforce
Oct 31 2022 // A swathe of hacks on some of Australia’s biggest companies has made the country a target for copycat attacks just as a skills shortage leaves an understaffed, overworked cybersecurity workforce ill-equipped to stop...
What Cyber Underwriters Miss: Small Businesses Aren’t Using MFA Correctly, Advisen Panel Says
Oct 31 2022 // As cyber threat actors continue to innovate and find new ways to increase their odds of success, panelists at the 2022 Advisen Cyber Risk Insights Conference urged underwriters to raise the stakes when assessing...
Global Insurance Rates Continue Rising at Slower Levels; Cyber Outpaces Other Lines
Oct 27 2022 // Global insurance pricing continued to rise, although at a slower pace, during the third quarter, which saw commercial insurance premiums increase an average of 6%, down from 9% in Q2, according to Marsh’s Global...
Rhode Island Bus Service, Health Insurer Sued Over Data Breach
Oct 27 2022 // Two people whose personal information was compromised in a data breach at Rhode Island’s public bus service that affected about 22,000 people sued the agency and a health insurer this week seeking monetary damages...
