Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Coalition to Now Offer Cyber Policies With Acquisition of Admitted Carrier
Aug 15 2022 // Coalition said it received regulatory approval and completed the acquisition of Digital Affect Insurance Company from Munich Re Digital Partners US Holding Corporation. Digital Affect Insurance Company is a property and...
Security Firm Finds Cyber Vulnerabilities at Indian Online Insurance Aggregator
Aug 15 2022 // NEW DELHI (AP) – Last month, a cyber-security startup told a major Indian online insurance brokerage it had found critical vulnerabilities in the company’s internet-facing network that could expose sensitive...
How Should the Cyber Industry Be Thinking About Digital Privacy Post-Roe v. Wade?
Aug 15 2022 // The U.S. Supreme Court’s June overturning of the 1973 Roe v. Wade decision protecting women’s constitutional right to an abortion has brought with it reports of growing digital privacy concerns. Most of the...
Cisco Hit by Cyberattack From Hacker Linked to Lapsus$ Gang
Aug 11 2022 // Cisco Systems Inc. said it was the victim of a cyberattack in which a hacker repeatedly attempted to gain access to the Silicon Valley firm’s corporate network. Cisco said it became aware of a potential compromise on...
Cyber Insurance Gap Growing: Survey Report
Aug 11 2022 // According to a survey report released yesterday, not only are most North American businesses still not buying cyber insurance, but those that are don’t buy enough limit to cover last year’s median ransom...
Tadikonda Replaces Edmundson as CEO of Cyber MGA Corvus
Aug 10 2022 // Boston-based insurtech Corvus Insurance said Madhu Tadikonda will take over immediately as CEO, replacing founding CEO Phil Edmundson. Edmundson will assume the new role of executive chair and chair of the board of Corvus....
Tennessee Launches its Own Captive Insurance Company for Cyber, Property
Aug 10 2022 // Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive. The state is self-insured for property...
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...
