Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Cyber Premiums Rapidly Grew 74% in 2021: Fitch
Apr 14 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...
People Moves: AIG Promotes Bolt; RIMS Honors Griffith; Tokio Marine HCC Hires Ingerslev for Cyber; Frenier to Lead CAC Specialty Prof, Cyber Business Development
Apr 14 2022 // AIG Appoints Tom Bolt EVP and Chief Risk Officer American International Group (AIG) said Tom Bolt was named Executive Vice President and Chief Risk Officer, effective immediately. He replaces Sabra Purtill, who was named...
U.S. Says Advanced Hackers Have Shown Ability to Hijack Critical Infrastructure
Apr 14 2022 // Advanced hackers have shown they can take control of an array of devices that help run power stations and manufacturing plants, the U.S. government said in an alert on Wednesday, warning of the potential for cyber spies to...
Creating Harmony: What Cyber, Insurance Pros Can Learn from Music
Apr 13 2022 // Powered by InsuranceJournal.tv 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...
Maryland Legislature Tackles Family Leave, Taxes, Climate, Marijuana, Cybersecurity
Apr 12 2022 // Maryland lawmakers enter the last day of their legislative session on Monday with most high-profile measures already passed into law, including tax relief, a paid family leave program and an extensive measure aimed at...
Markets/Coverages: Palisade Legal Risk MGU; Tokio Marine Kiln IP Abatement; Marsh Cybersecurity Marketplace
Apr 12 2022 // Palisade Partner Launches Specialty Managing General Underwriter Palisade Insurance Partners, a specialty managing general underwriter, has been launched with plans to provide a range of contingent legal risk insurance and...
Broker WTW Reports Commercial Rates Are Starting to Stabilize Except for Cyber
Apr 8 2022 // Rate hikes for commercial lines of insurance are slowing to single-digit increases or even flat renewals, according to broker WTW’s Marketplace Realities spring update. The exception, as it has been, is cyber...
Report: Texas Dept. of Insurance Data Breach Affected 1.8M People
Apr 6 2022 // A data breach at the Texas Department of Insurance (TDI) early this year affected approximately 1,800,000 Texans, according to the Data Security Breach Reports from the Office of the Attorney General. TDI announced in...
People Moves: Marsh Promotes Vanyo; AIG’s Fayto Joins Lockton Cyber; Hersch Leads Deloitte Insurance Unit
Apr 6 2022 // Vanyo Named General Counsel of Marsh Marsh McLennan announced the appointment of Mikhail “Misha” Vanyo as general counsel of Marsh. Based in New York, Vanyo will lead all legal and compliance strategy for Marsh...
People Moves: Beazley Names Head of Cyber Services – Int’l; RenaissanceRe Appoints Senior ESG, Climate Roles; Barr Joins Miller’s Specialist Credit and Political Risks Team
Apr 5 2022 // This edition of International People Moves details appointments at re/insurers Beazley and RenaissanceRe Holdings, as well as insurance broker Miller. A summary of these new hires follows here. Beazley Appoints New Head of...
British Police, Probing Lapsus$ Hackers, Charge 2 Teenagers With Cyber Offenses
Apr 5 2022 // The City of London police, which has been investigating the Lapsus$ hacking group, said on Friday it had charged two teenagers with cyber offenses. A 16-year-old and 17-year-old were charged with unauthorized access to a...
Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential
Apr 4 2022 // Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure and other industries, and it urges the insurance industry to reevaluate exposures. Russia’s...
Congress Approves Cyber Attack Reporting Requirement for U.S. Companies
Apr 4 2022 // Companies critical to U.S. national interests will now have to report when they’re hacked or they pay ransomware, according to new rules approved by Congress. The rules are part of a broader effort by the Biden...
Russian Invasion of Ukraine, Cyber Attacks and War Exclusions in P/C Policies
Apr 4 2022 // The Russian invasion of Ukraine may result in cyberattacks causing widespread and severe losses in Ukraine and beyond. Even before the current invasion, some Russian cyberattacks aimed at Ukraine spread to other nations....
People Moves: Faylo New U.S. Cyber & Tech Leader at Lockton; Big ‘I’ Names Boggs VP of Agent Development; MGA Falcon Hires 3 Senior Leaders
Mar 31 2022 // Lockton appointed Michelle Faylo as its U.S. Cyber & Technology Leader. Faylo will lead Lockton’s team of skilled cyber specialists, delivering innovative and effective solutions to global businesses that face...
Connecticut’s Bradley Airport Website Hit by Cyberattack
Mar 31 2022 // Connecticut officials said they were monitoring a cyberattack Tuesday that attempted to crash the website of Bradley International Airport but had no impact on operations. The Connecticut Airport Authority, which oversees...
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
Mar 31 2022 // Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. Following the...
FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat
Mar 30 2022 // Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national...
Triple Threat: Ransomware Criminals Add Data Theft, Manipulation to Encryption Tactics
Mar 30 2022 // Ransomware criminals are adding even more tools to their toolboxes, and companies are finding it harder to stay on top of the trends, according to guests on the most recent episode of The Insuring Cyber Podcast. Jeff...
UK Cyber Agency Warns Organizations About Use of Russian Computer Technology
Mar 30 2022 // Britain’s cybersecurity center on Tuesday said organizations providing services related to Ukraine or critical infrastructure should reconsider the risk associated with using Russian computer technology in their...
