Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Markets/Coverages: Hub Targets Nonprofits; Ryan Tackles Auto Excess With Axsal; Trisura and HSB Back At-Bay Cyber
May 20 2022 // Hub Launches Nonprofit Specialty Practice Insurance broker Hub International, with decades of experience in the sector, has launched a nonprofit specialty practice to serve the risk management, insurance and human capital...
U.S. Narrows Scope of Anti-Hacking Law Long Hated by Critics
May 19 2022 // The Department of Justice is changing its policy around a controversial anti-hacking law, addressing longstanding complaints from cybersecurity researchers that the law could criminalize good-faith efforts to improve...
Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey
May 17 2022 // Cyber attacks are now seen as the dominant risk for many businesses – ahead of the pandemic, economic downturn, skills shortages and other issues, according to a report published by Hiscox. For its Cyber Readiness Report...
Capacity Crunch in Cyber Expected to Continue, Says CyberCube’s Baker
May 16 2022 // Cyber insurance is experiencing a capacity crunch right now, and although that is expected to continue through at least the end of the year, it’s not all bad news, according to Brittany Baker, senior director of...
EU Agrees to Tougher Cyber-Security Rules for Key Sectors, Including Financial Services
May 16 2022 // EU countries and lawmakers agreed on Friday to tougher cyber-security rules for large energy, transport and financial firms, digital providers and medical device makers amid concerns about cyber attacks by state actors and...
Global Insurance Rates Continue to Moderate in Q1, Except Cyber
May 16 2022 // Global commercial insurance prices rose 11% in the first quarter of 2022, marking the fifth consecutive reduction in rate increases since pricing peaked at 22% in the fourth quarter of 2020, according to the Global...
Creating Harmony: What Cyber, Insurance Pros Can Learn from Music
May 16 2022 // Music may not be the first thing that comes to mind when considering the cybersecurity and insurance industries, but these industries could have more in common than it seems, according to guests on a recent episode of The...
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market
May 16 2022 // The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74% to over $4.8 billion, according to a report from Fitch Ratings. Overall, the top...
Cyber Insurance: A Necessity for Every Agency
May 16 2022 // An employee clicks an unsuspecting email link encrypting your files which can only be opened by paying a ransom for the key. Someone uses information on social media to pose as the agency principal and authorize the...
Elephant Insurance Reports Data Breach
May 10 2022 // Virginia-based direct-to-consumer personal lines insurer Elephant Insurance reports that it experienced a cyber incident beginning in late March and as of April 25 its review had been able to identify consumers whose data...
California State Bar Notifies 1,300 Identified in Data Breach
May 10 2022 // The State Bar of California has begun notifying individuals whose names appeared in more than 322,000 confidential attorney discipline records published online in a massive data breach. The State Bar said it will contact...
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market
May 9 2022 // The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74% to over $4.8 billion, according to a report from Fitch Ratings. Overall, the top...
Task Force: Idaho Must Shore Up Cybersecurity
May 9 2022 // Idaho needs to be better prepared to defend against inevitable cyberattacks that could harm individuals, businesses and critical infrastructure, the Governor’s Cybersecurity Task Force said in a new report. The...
AGCO Ransomware Attack Disrupts Tractor Sales During U.S. Planting Season
May 9 2022 // U.S. agricultural equipment maker AGCO Corp. said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting...
Insurance Technology: InsuredMine Integrates With HawkSoft; Betterview Adds RedZone’s Wildfire Data; CyberCube to Create Cyber Tool for Majesco
May 4 2022 // InsuredMine and HawkSoft Integrate Agency Sales and Management Insurance agency sales automation software firm InsuredMine and agency management technology firm HawkSoft have released two-way API integration between their...
White House to Boost Support for Quantum Technology While Boosting Cybersecurity
May 4 2022 // The White House on Wednesday will announce a slate of measures to support quantum technology in the United States while laying out steps to boost cybersecurity to defend against the next generation of supercomputers. The...
North Dakota-Based Healthcare Billing Service Company Hacked
May 2 2022 // Federal investigators say a cyber attack on a North Dakota-based company that provides software and billing services for doctors and healthcare professionals affected more than a half-million customers. Adaptive Health...
Kentucky Becomes 21st State to Adopt Model Cyber Security Law for Insurers
May 2 2022 // Kentucky has become the 21st state to adopt a data security law that will require insurers and larger agencies to beef up measures designed to help prevent cyber attacks and data breaches. Gov. Andy Beshear in April signed...
Pro-Russian Hacking Group Attacks Romanian Websites
May 2 2022 // Romanian government websites and other institutions were the target of a cyber attack Friday morning that the nation’s intelligence agency attributed to a pro-Russian hacking unit. The hacker group known as Killnet...
Cyber Premiums Rapidly Grew 74% in 2021: Fitch
May 2 2022 // According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly $5 billion in 2021 compared with overall growth for the property casualty industry...
