Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
People Moves: 2 From Willis to Lead Marsh Government Practice; CNA’s Robb Heads BHSI’s Cyber
Apr 20 2021 // Insurance broker Marsh announced that Steven Capace and Bryan Salek have joined the firm to co-lead its U.S. Government Contracting Practice. In this dual leadership role, Capace and Salek will head a team responsible for...
Arizona Utility Portal Back up Following Cyberattack
Apr 20 2021 // The utility billing citizen self-service online portal for Kingman, Ariz., is once again fully functional following a cyberattack two months ago, city officials said Wednesday. The Feb. 26 attack from an unknown source...
With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch
Apr 20 2021 // Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face increasing profit pressure. insurers will have to achieve both significant premium rate...
Cyber Attacks on the Rise for Businesses, Pushing Many to the Brink: Hiscox
Apr 19 2021 // The proportion of businesses targeted by cyber criminals in the past year increased from 38% to 43%, with over a quarter of those targeted (28%) experiencing five attacks or more, according to the Hiscox Cyber Readiness...
Guy Carpenter Names Co-Heads of Cyber, Hiring Swiss Re’s Cordonnier, Promoting Davis
Apr 19 2021 // Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the appointment of Anthony Cordonnier as managing director and global co-head of Cyber, effective the second half of 2021, and the...
Russian Spy Agency SVR Responsible for SolarWinds Hack: White House
Apr 16 2021 // The White House said in a statement on Thursday that Russia’s foreign intelligence service, known as the SVR, was responsible for the SolarWinds hack, which led to the compromise of nine federal agencies and hundreds...
Corvus, Skyward Specialty to Offer Cyber Coverage for Cargo Risks
Apr 16 2021 // Corvus Insurance, a provider of commercial insurance products powered by AI-driven risk data, and Skyward Specialty Insurance Group, a specialty property and casualty market, have partnered partnership to expand...
White House Rushes to Strengthen Security of U.S. Power Grid as Hacking Threats Grow
Apr 15 2021 // A White House plan to rapidly shore up the security of the U.S. power grid will begin with a 100-day sprint, but take years more to transform utilities’ ability to fight off hackers, according to details of a draft...
IBM Uncovers More Cyber Attacks on COVID-19 Vaccine Supply Chain
Apr 15 2021 // International Business Machines Corp. said on Wednesday its cyber-security unit has uncovered more digital attacks targeting the global COVID-19 vaccine supply chain since the issue was originally flagged late last...
Insuring Cyber Podcast: What the ‘New Normal’ Means for Cyber Insurers, Coverage
Apr 14 2021 // Powered by InsuranceJournal.tv More than a year has passed since pandemic-related government restrictions began, causing many businesses around the world to shift their workforce to remote. With increased reliance on...
Hacking of Small Kansas Water Utility System Highlights Risks
Apr 13 2021 // A former Kansas utility worker has been charged with remotely tampering with a public water system’s cleaning procedures, highlighting the difficulty smaller utilities face in protecting against hackers. Wyatt...
British Cyber Security Company Darktrace Plans $4 Billion London Listing
Apr 13 2021 // LONDON – Darktrace, the British cyber security firm backed by tech entrepreneur Mike Lynch, fired the gun on its $4 billion London listing on Monday, aiming to raise new funds to accelerate product development and...
LinkedIn Profiles Posted For Sale by Hackers
Apr 9 2021 // Some LinkedIn data, including publicly viewable member profile, has been extracted and posted for sale, Microsoft Corp.’s professional networking site said based on an investigation. The incident was not a data...
Consumers Worry Connected Cars Are Vulnerable to Cyber Attacks
Apr 8 2021 // Consumers are increasingly worried about cyber attack vulnerabilities with connected and automated vehicles. According to a new Munich Re/HSB survey of more than 1,500 U.S. adults, 37% of consumers said they were either...
Agents, Stand Together in Helping Businesses Understand Standalone Cyber Insurance
Apr 7 2021 // It is well known that small and medium businesses face an ever-increasing risk of cyber attacks. Sixty-three percent reported they had experienced a cyber breach in the last 12 months, when Ponemon surveyed them in the...
European Union Institutions Targeted in Major Cyber Attack
Apr 7 2021 // A range of European Union institutions including the European Commission were hit by a significant cyber attack last week. A spokesperson for the commission said that a number of EU bodies “experienced an IT security...
Insurers Beware: Potential Impacts of New York’s Cyber Insurance Risk Framework
Apr 6 2021 // New York remains extremely active in the cybersecurity and data protection arena. During its current legislative session, New York is considering a proposed privacy bill that would greatly enhance consumer privacy rights,...
People Moves: AIG Names BlackRock’s Wade as Digital Chief; Great American Promotes DeSoto; AXIS Adds to Cyber; Cover Genius Adds Execs
Apr 5 2021 // American International Group announced that Claude E. Wade will join the company in the second quarter of 2021 in the newly created role, executive vice president, global head of Operations and Chief Digital Officer,...
CNA Says Email Now Safe As Cyber Attack Recovery Progresses
Apr 5 2021 // CNA Insurance expects its corporate email and other functions to be fully operational soon as it continues its recovery efforts following a March 21 cyber attack. In an April 1 security update, the company said it is now...
NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S.
Apr 5 2021 // The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how...
