Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
M&T Bank’s Batt, Beazley’s Ingrassia Join AmTrust Cyber Insurance Team
Jan 28 2021 // Specialty insurer AmTrust Financial Services reported that Jeffrey Batt and Michelle Ingrassia have joined its cyber insurance team headed by Aaron Basilius, senior vice president, Cyber. Batt joins AmTrust from M&T...
AXA XL Names Colao as Global Chief Underwriting Officer for Cyber
Jan 28 2021 // AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global chief underwriting officer for Cyber. Colao will manage aggregate cyber exposure across AXA...
South Carolina County Suffers Cyberattack Against Computer Network
Jan 27 2021 // A coastal South Carolina county says hackers broke into its computer network over the weekend. A statement from Georgetown County’s local government Monday said the county’s computer network “suffered a...
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz
Jan 27 2021 // There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of Covid-19 related risks —...
Consumers Open to Sharing Personal Data with Insurers But Worry About Data Security
Jan 26 2021 // If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers can protect their data. The number of consumers willing to share significant data on...
Australian Securities Regulator Suffers Cyber Security Breach
Jan 25 2021 // Australia’s securities regulator said on Monday there was a cyber security breach at a server it used to transfer files including credit license applications where some information may have been viewed. The...
California COVID-19 Benefits Fraud, Cyber Attack Could Reach $9.8B
Jan 20 2021 // California may have paid out nearly $10 billion in phony coronavirus unemployment claims – more than double the previous estimate – with some of that money going to organized crime in Russia, China and other countries,...
Viewpoint: Cyber Insurance Policies Are Challenging to Underwrite. AI Can Help.
Jan 20 2021 // Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber...
Expecting the Unexpected: Cyber Lessons from COVID and What Could Be Ahead
Jan 15 2021 // What is the biggest lesson that cyber insurers should carry into 2021 after a year in which the COVID-19 pandemic took center stage? In the first Insuring Cyber podcast episode of the new year and the fifth overall, Tim...
Marsh Unveils 15 Cybersecurity Vendors Insurers Rate Most Effective
Jan 14 2021 // Global insurance broker Marsh has unveiled for the second time its group of Cyber Catalyst designated products and services judged by leading cyber insurers to be effective in combating significant cyber risks, including...
British Airways Faces Major UK Class-Action Lawsuit After 2018 Data Breach
Jan 13 2021 // British Airways Plc faces the largest privacy class-action lawsuit in UK history over its 2018 customer data breach. More than 16,000 victims have now joined a case seeking compensation from the airline. They could claim...
Digital E&S Broker Pathpoint Offers Multiple Cyber Quotes to Retail Agents
Jan 12 2021 // Pathpoint, a digital excess and surplus lines insurance broker, said it is offering a new capability to independent retail agents: access to multiple cyber insurance quotes through a single online application containing...
Willis Towers Watson Launches Suite of Cyber Risk Management Assessments
Jan 12 2021 // Insurance broker Willis Towers Watson has introduced two new cyber risk assessment services – the Workforce Cyber Culture Assessment (WCCA) and the Ransomware Risk Assessment (RRA) Willis Towers Watson describes the WCCA...
Russian Spy Tools Linked to SolarWinds Hack, Says Cyber Security Firm Kaspersky
Jan 11 2021 // The group behind a global cyber-espionage campaign discovered last month deployed malicious computer code with links to spying tools previously used by suspected Russian hackers, researchers said on Monday. Investigators...
Insurers Not Quitting on Cyber Even as Risks Mount
Jan 11 2021 // It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded for network-monitoring...
Deep Fake Losses to Challenge Cyber Insurers, CyberCube Warns
Jan 7 2021 // What do Ulysses and his Trojan Horse, the pickpocket Fagan in Charles Dickens’ Oliver Twist and a video of Facebook’s Mark Zuckerberg touting how his company “owns” its customers have in...
2022 Risk Watchlist for Directors & Officers Is Full: Insolvencies, Litigation, ESG, Cyber…
Jan 3 2021 // Corporate board members and company executives have a lot to worry about these says and can be held liable for an increasing range of scenarios. Key risks for directors and officers to watch in 2022 include the increased...
Insurance Journal’s Top Cyber Stories of 2020
Dec 30 2020 // Whether it was cyber risks related to the COVID-19 pandemic or ransomware attacks growing more severe and frequent, cyber insurers had a lot to pay attention to this year. As 2020 wraps up and cyber insurers prepare for a...
Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank
Dec 29 2020 // MOSCOW – Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country’s largest lender Sberbank said. Russia has encouraged its citizens to switch to bank...
Insurers Not Quitting on Cyber Even as Risks Mount
Dec 29 2020 // It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded for network-monitoring...
