Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Twitter Offers Some Details on How Hackers Accessed Data
Jul 20 2020 // Twitter Inc. said on Saturday that hackers were able to download account information for up to eight accounts involved in the hack of its systems this week, but said none of them were verified accounts. The company said...
Americans Ignore Work-From-Home Cyber Attack Risks: Chubb Survey
Jul 16 2020 // A large number of Americans working from home due to the coronavirus pandemic aren’t worried about cyber attacks even though they’re at greater risk compared to working in the office, Chubb found in a new...
Coordinated Twitter Hacking Raises Concerns About Platform’s Security
Jul 16 2020 // The extraordinary hacking spree that hit Twitter on Wednesday, leading it to briefly muzzle some of its most widely followed accounts, is drawing questions about the platform’s security and resilience in the run-up...
Axis Adds Swiss Re, NAS and Hiscox Veterans to U.S. Cyber Insurance Team
Jul 14 2020 // Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team. Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier...
German Officials Seize Server With U.S. Police Files Stolen in Data Breach
Jul 10 2020 // At the behest of the U.S. government, German authorities have seized a computer server that hosted a huge cache of files from scores of U.S. federal, state and local law enforcement agencies obtained in a Houston data...
Kovrr Develops Open Framework for Measuring Catastrophic Cyber Risk
Jul 9 2020 // Kovrr, a cyber risk modeling company, announced it has developed an easy-to-use open framework to measure and understand catastrophic cyber risk exposure. The CRA-Zones™ framework defines the minimal elements needed to...
UK-Based Tech Platform Xchanging Hit by Ransomware Attack
Jul 6 2020 // DXC Technology announced that certain systems of its subsidiary, Xchanging, have experienced a ransomware attack. Xchanging is primarily an insurance managed services business that operates on a standalone basis. Tysons,...
Canopius Launches Cyber Property Product to Address Silent Cyber Gap
Jul 6 2020 // Canopius, the London-based specialty re/insurer, announced the launch of a set of cyber property products for medium-to-large corporations across all sectors across the globe. In light of the ever-evolving cyber threat,...
Collateral Damage: How Cyber Security Affects Agencies
Jul 6 2020 // As we reach the midpoint of a trying year, it might be time to take a quick breather. From a cyber liability perspective, however, the pressure on agents will ramp up considerably in the second half of the year....
How to Reduce the Expense of cyber business interruption
Jul 6 2020 // According to the IBM “Cost of a Data Breach Report, 2019”, business interruption (BI) represents 36% of the cost of a cyber breach, averaging a whopping $1.42 million per breach. The report states that, for the...
M&T Insurance Agency Benefits from Cyber Risk Analytics Platform Through CyberCube
Jul 2 2020 // Clients of M&T Insurance Agency Inc. (MTIA), a provider of commercial insurance and risk management solutions that is part of the M&T Bank Corporation family, will now benefit from a new cyber risk analytics...
Australia to Spend Nearly $1 Billion on Cyber Security During Next Decade
Jun 30 2020 // SYDNEY – Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defenses, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks. The...
U. of California, San Francisco, Paid $1.14M After Ransomware Attack
Jun 29 2020 // The University of California, San Francisco paid criminal hackers $1.14 million this month to resolve a ransomware attack. The hackers encrypted data on servers inside the school of medicine, the university said Friday....
Cybersecurity Firm Exposes Chinese Tax Software’s Malware That Endangers Networks
Jun 26 2020 // When a U.K.-based technology vendor started doing business in China, it hired a cybersecurity firm to proactively hunt for any digital threats that could arise as part of doing business in the country. The firm discovered...
Canadian Privacy Panel Finds LifeLab’s Data Breach Was One of Biggest
Jun 26 2020 // Canadian laboratory testing company LifeLabs failed to adequately protect sensitive health information of millions of people, resulting in one of the biggest data breaches in the country last year, privacy commissioners...
More Than 10,000 People Join Lawsuit Against EasyJet for Massive Data Breach
Jun 24 2020 // EasyJet Plc faces a lawsuit over a data breach disclosed last month that potentially exposed private details of 9 million passengers. More than 10,000 people have joined the suit since it was filed last month, according to...
BenefitMall in Texas Partners with Benefits and Security Provider, CyberScout
Jun 23 2020 // Dallas-based employee benefits provider, BenefitMall, has partnered with CyberScout, a provider cybersecurity, identity theft resolution and employee benefits services. BenefitMall brokers will now be able to offer...
Business Cyber Losses Soar but Firms Fight Back with Extra Security Spending: Study
Jun 23 2020 // Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm to $57,000, according to an international survey commissioned by insurer Hiscox. Total cyber losses...
State-Based Hackers Target Australia Government, Critical Infrastructure: Prime Minister
Jun 19 2020 // Australia’s government, health and education services and various industries are being targeted by sophisticated state-based cyber attacks, Prime Minister Scott Morrison said Friday. Morrison said that while the...
New Marine Cyber Specialist Astaara Gets Investment from West of England P&I Club
Jun 17 2020 // Astaara, a marine insurance services business, announced it has secured a significant investment from UK marine insurer West of England P&I Club. Astaara is a new company, focused on risk management and loss...
