Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Cyber Experts Say California Lacked Safeguards for Gun Owner Data
Jul 5 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...
SMBs Are Struggling to Get Cyber Insurance; Here’s How to Stay Protected
Jul 4 2022 // For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about 20 years ago, carriers, brokers and policyholders have reaped the benefits of soft market conditions....
Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition
Jul 4 2022 // Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. Lori Bailey “We’re all trying to...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
Jul 4 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
Grocery Chain Wegmans Settles with New York Over Data Breach
Jul 1 2022 // The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal information of more than 3 million consumers nationwide, New York Attorney General Letitia...
‘It’s Not Been Fun’: Cyber Insurance Brokers Seek Consistency as Hard Market Settles
Jun 29 2022 // Alexandra Bretschneider said it feels like she has been a part-time grim reaper the last two years. The cyber practice leader at broker Johnson, Kendall & Johnson said, “I am just constantly delivering bad...
Marsh Launches Cyber Incident Management Service to Support UK, European Clients
Jun 28 2022 // Insurance broker Marsh announced the launch of its Cyber Incident Management (CIM) service to support clients headquartered in the UK and Continental Europe to prepare for, respond to, and recover from cyber incidents, as...
Cyber Pirates Prowling Ship Controls Threaten Another Big Shock
Jun 28 2022 // In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the US Coast Guard. Though the malware attack never controlled the vessel’s movement, authorities...
SMBs Are Struggling to Get Cyber Insurance: Here’s How to Stay Protected
Jun 27 2022 // For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about twenty years ago, carriers, brokers, and policyholders have reaped the benefits of soft market conditions....
Wall Street Banks Quietly Test Cyber Defenses at Treasury’s Direction
Jun 27 2022 // With global tensions rising over Ukraine, the cutthroat competitiveness of the US financial sector is yielding to partnership over the conviction that a cyberattack against even a group of minor banks – or a third-party...
Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition
Jun 24 2022 // Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. “We’re all trying to solve the same...
Carnival Cruise Pays $5M, Gives Up Insurance Licenses in New York Over Data Breach
Jun 24 2022 // New York’s financial services regulator has fined Carnival Corp. $5 million for violations of the state’s cybersecurity regulations that the state says caused four cyber breaches and the exposure of personal...
People Moves: MMC Names Jones, Hageman to Senior Posts; Lockton Welcomes Marsh’s Millett for Innovation; Applied Financial Builds Cyber Risk Team
Jun 24 2022 // Marsh McLennan Creates New Senior Leadership Positions Marsh McLennan announced the appointment of John Jones as chief marketing and communications officer and Pat Hagemann as chief of staff to the chief operating...
Hackers Steal $100 Million by Exploiting Crypto’s Weak Link
Jun 24 2022 // Hackers looted about $100 million from a so-called cryptocurrency bridge, again exposing a key vulnerability in the digital-asset ecosystem. Blockchain Harmony said in a tweet that the hack of its Horizon bridge, which...
Russian Hackers Also Focused on US and NATO Since Invasion
Jun 23 2022 // Russia is expanding its espionage and influence operations against Ukraine and its allies, including malicious cyber activity that requires a coordinated, robust response, Microsoft Corp said in a report published...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
Jun 21 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
Markets/Coverages: NJM Expands ProPack Into 3 States; Frederick Mutual Enhances Cyber Policy for Home, Business
Jun 21 2022 // NJM Offers ProPack Commercial Package Policy in More Mid-Atlantic States NJM Insurance Group is now writing commercial package policies in Delaware, Maryland and Pennsylvania with policy effective dates beginning August 1,...
Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI
Jun 20 2022 // A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business — except for cyber. The cyber insurance market...
U.S., Partners Dismantle Russian Hacking ‘Botnet,’ Justice Dept Says
Jun 17 2022 // Law enforcement in the United States, Germany, the Netherlands and Britain dismantled a global network of internet-connected devices that had been hacked by Russian cyber criminals and used for malicious purposes, the U.S....
South Dakota Health Care System Says Data Breach Affected 700
Jun 16 2022 // The private information of hundreds of patients at a Sioux Falls-based health care system have been compromised, according to the provider. Avera Health says a data breach allowed someone to obtain the personal information...
