Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
HSB Canada Introduces Cyber Coverage for Small Businesses
Sep 22 2021 // HSB Canada, part of Munich Re, has introduced HSB Cyber Suite, a comprehensive collection of cyber insurance and services designed to protect small and medium-size businesses from cyber-attacks, data breaches, identity...
Cyber Insurtech BOXX Raises US$10M From Zurich Insurance and 2 Other Investors
Sep 22 2021 // BOXX, the Toronto-based cyber insurer for small businesses, individuals and families, announced it has closed its oversubscribed US$10 million (C$12.7 million) Series A-round in a bid to accelerate growth and expand its...
Biden Administration Targets Crypto Pipelines in Fight Against Ransomware Attacks
Sep 22 2021 // The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it urged companies to report extortion attempts and better protect...
Cybersecurity Incident Knocks Iowa Farm Services Firm’s Systems Offline
Sep 21 2021 // Iowa-based farm services provider NEW Cooperative Inc. said its systems were offline to contain a “cybersecurity” incident just as the U.S. farm belt gears up for harvest. The cooperative operates grain storage...
People Moves: AXA XL’s Harth to Liberty Specialty in Germany; Amwins Global Hires Ed Broking’s Keenan for Construction & Engineering; Marsh’s Tigleanu to Lockton Re Cyber
Sep 21 2021 // This edition of International People Moves details appointments at Liberty Specialty Markets, Amwins Global Risks and Lockton Re. A summary of these new hires follows here. Liberty Specialty Markets Appoints AXA XL’s...
Russia-Linked Ransomware Group Hits Iowa Grain Cooperative, Violating Biden Warning
Sep 21 2021 // After a furious run of ransomware attacks in the first half of the year, President Joe Biden in July warned his Russian counterpart, Vladimir Putin, that Russia-based hacking groups should steer clear of 16 critical...
‘Cyber Bullets’ Are Part of War on Hacks, Says U.S. Cyber Director
Sep 17 2021 // The U.S. government should be prepared to fire “cyber bullets” in response to significant hacking attacks as part of a comprehensive strategy to dissuade adversaries, National Cyber Director Chris Inglis...
People Moves: Beazley Names Sanchez to New Cyber Role; AGCS Promotes Vassallo for Energy & Construction; Dyer and Adams Join Marsh’s UK Marine & Cargo Practice
Sep 17 2021 // This edition of International People Moves covers London-based appointments at Beazley, Allianz Global Corporate & Specialty (AGCS) and Marsh. A summary of these promotions and new hires follows here. Insurer Beazley...
People Moves: Lockton’s Reese Joins Cowbell Cyber; Optio Expands Political Violence Unit with Kirby; AXIS Names 3 to U.S. Renewables
Sep 14 2021 // Lockton’s Reese Joins Cowbell Cyber A former Lockton executive has joined Cowbell Cyber as its new head of Insurance. Chris Reese will focus on the company’s business . Reese brings more than 35 years of...
Cyber Re/Insurance MGA, Envelop Risk, Announces $130 Million Series B Financing
Sep 14 2021 // Envelop Risk, the UK-based cyber re/insurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will facilitate Envelop Risk’s plans to expand its...
Writing Cyber Is Key to Survival, Munich Re Exec Says
Sep 14 2021 // Trumpeting a message that he conceded might be different from peers, Stefan Golling, a member of Munich Re Board of Management, said that Munich Re remains bullish on the cyber insurance and reinsurance markets. In fact,...
Volatile Cyber Market Struggles to Boost Reinsurance Capacity
Sep 13 2021 // The cyber insurance market could benefit greatly from more reinsurance cover but it has been a challenge to attract interest. Part of the reason is because the cyber market is a relatively new one compared to others in the...
For Now, No Need for Federal Cyber Reinsurance Backstop: Experts
Sep 9 2021 // Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently. “I don’t think a compelling case...
Dallas Schools Data Breach Exposed Student, Parent, Teacher Personal Information
Sep 7 2021 // A data breach at the Dallas public school system earlier this month exposed the personal information of students, parents, teachers and staff dating to 2010, system officials revealed Sept. 2. In statements posted to its...
White House, Big Tech, Insurers Vow to ‘Raise the Bar’ on Cybersecurity
Sep 6 2021 // The U.S. government in late August said it would work with the industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to...
Cyber Underwriting Changes: Is It Too Little, Too Late?
Sep 6 2021 // With primary rate changes approaching 50% and underwriting questions about network controls becoming more and more detailed, cyber insurers and reinsurers are reacting to an onslaught of ransomware attacks against...
People Moves: AXA XL’s Coletti Heads Swiss Re’s New Cyber U/W Team; Zurich Promotes Mantero to Chief Strategy Officer; Everest Names Citigroup’s Modin Pres., Mt. Logan Re
Sep 3 2021 // This edition of International People Moves covers appointments at Swiss Re, Zurich Insurance and Everest Re Group subsidiary, Mt. Logan Re. A summary of these new hires follows. AXA XL’s Coletti Joins Swiss Re as...
Ransomware Has Been a ‘Game Changer’ for Cyber Insurance
Aug 30 2021 // Anyone who works in cyber insurance knows that the industry is never static. It’s a constantly evolving business as the risks change all the time, and this has never been more apparent than right now, said panelists...
Commercial Lines Sales Platform Sayata Raises $17M to Expand Beyond Cyber
Aug 27 2021 // Cyber insurance platform Sayata has raised $17 million in new venture capital and plans to expand to offer more specialty coverages. The startup’s platform automates the quote and bind process to help wholesale...
What Insurance Firms Promised at White House Cybersecurity Summit
Aug 26 2021 // Four insurance firms — Travelers, Coalition, Resilience Cyber Solutions and Vantage Group— were among the participants in the White House summit on cybersecurity along with giant technology firms and Biden...
