Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Willis Towers Watson Launches Customized Cyber Insurance for Shipowners
May 26 2020 // Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The new product addresses the growing need for an explicit marine cyber solution, built from the...
Coalition Launches Cyber Insurance and Security Coverage in Canada
May 22 2020 // Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses. The San Francisco-based company described the offering as proactive...
Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion
May 21 2020 // Coalition, an insurtech managing general agency focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global...
Coalition in California Raises $90M to Grow Internationally
May 20 2020 // San Francisco, Calif.-based Coalition, a cyber insurance and security company, announced it has raised $90 million in equity capital to support its growth and global expansion. Valor Equity Partners led the funding with...
Allianz Group Appoints Richter to Lead Cyber Center of Competence
May 20 2020 // Dr. Catharina Richter will be appointed global head of Cyber Center of Competence for Allianz Group, effective June 1, 2020. The Cyber Center of Competence (CoC) coordinates and steers cyber risk underwriting and...
Chinese Hackers Blamed for Accessing Records of 9 Million easyJet Customers
May 19 2020 // Chinese hackers are suspected of accessing email and travel details of about nine million easyJet customers, said two sources familiar with the investigation into a cyber attack disclosed by the British airline on...
Texas Transportation Agency Hacked in 2nd Attack on State Government
May 19 2020 // Texas’ transportation agency has become the second part of the state government to be hit by a ransomware attack in recent days. Someone hacked into the Texas Department of Transportation’s network in a...
Show Them the Money: Cyber Attackers Desire Financial Gain More Than Espionage
May 19 2020 // Money trumped spying as the top motivator for data breaches last year, according to Verizon’s annual report on cyber crimes published on Tuesday. About nine out of 10 breaches were financially motivated, based on an...
How Do Cyber Policies Stand-Up in a Pandemic?
May 18 2020 // We are in unprecedented times. If you’re like us, you suddenly found yourself and your company operating entirely remotely and have remained working this way for quite some time. Such an abrupt change can be a...
Gaps in Coverage Remain Despite Most Firms Having Some Cyber Liability Insurance: Survey
May 18 2020 // The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in...
Why Current Cyber Risk Management Techniques Are Inadequate
May 18 2020 // Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains poor, and overstated...
The Perilous Cannabis, Cyber, COVID-19 Connection
May 18 2020 // Cannabis, cyber and COVID-19 — the three Cs may have more in common than meets the eye. Cannabis dispensaries, now considered essential businesses in many states, have stepped up deliveries, curbside picksups and...
Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding
May 15 2020 // Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence...
Texas Appellate Courts Won’t Pay Ransom After Cyber Attack
May 15 2020 // Texas courts have been hit with a ransomware attack that took down the website and case management systems for the state’s appellate and high courts. The attack on the courts’ network was discovered by staff on...
EC3 Brokers Launches Casualty and Cyber Specialty Division
May 12 2020 // EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division. Lane is joined by Dominic Toogood and Gary Moore. All three joined on May 1 and initially will...
Axon Launches Cyber Insurance Program for SMEs
May 11 2020 // Axon Underwriting Services, a specialty lines program administrator, has added CyberAdvantage to its suite of specialized insurance products for small to medium size enterprises (SME). The proprietary cyber liability...
CyberCube Launches Cyber Analytics Product for Broker Market
May 11 2020 // Cyber risk analytics specialist CyberCube has launched a new software-as-a-service application designed specifically for insurance brokers called “Broking Manager.” “Broking Manager” facilitates...
AXA Ventures Leads $5M Investment in Cyber-Security Startup Hub Security
May 8 2020 // Hub Security, a startup that offers military-grade cyber-security solutions for fintech, cloud, blockchain and data storage, announced it has closed a $5 million Series A funding round led by AXA Ventures, with...
SAP Admits to Security Lapses in Some Products, but Says There Was No Data Breach
May 6 2020 // Business software group SAP disclosed on Tuesday that some of its cloud products did not meet contractual or statutory security standards and said it would take remedial action to fix the problem as soon as possible. The...
Zoom Video Login Details Put on Sale by Hackers on Dark Web: Times Report
May 4 2020 // Hackers put more than half a million login details for the teleconferencing app Zoom on the dark web, the Sunday Times newspaper reported. The logins were put up for sale at 1 pence (1.25 cents) each and were discovered...
