Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
AXIS Insurance, Kennedys Law Launch Marine Cyber Product
Oct 29 2020 // Specialty insurer AXIS Insurance and Kennedys Law have collaborated on services for AXIS’ new marine cyber insurance product. This product offers coverage for the marine shipping market to protect against cyber...
Dozens of U.S. Hospitals Hit With String of Ransomware Attacks
Oct 29 2020 // Eastern European criminals are targeting dozens of U.S. hospitals with ransomware, and federal officials on Wednesday urged healthcare facilities to beef up preparations rapidly in case they are next. The FBI is...
Introducing: The Insuring Cyber Podcast
Oct 28 2020 // Powered by InsuranceJournal.tv Although National Cybersecurity Awareness Month is coming to an end this week, cybersecurity remains an ongoing focus for insurers particularly as the COVID-19 pandemic has pushed many...
Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns
Oct 26 2020 // Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts argued recently. BI coverage has drawn heightened attention in recent months due...
1 in 4 Businesses Has Experienced Cyber Event, Travelers Survey Finds
Oct 22 2020 // Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers’ Cyber Risk Index said their firm was the victim of a cyber event – the highest percentage since the annual...
Burns & Wilcox Adds Personal Lines Cyber Protection for Homes, Families, Individuals
Oct 21 2020 // Burns & Wilcox has launched Cyberman365, a new exclusive product line designed to mitigate personal cyber risks for individuals, families and homes. A collaboration between Burns & Wilcox and Node International,...
Survey Finds 78% of Risk Managers Now Buying Cyber Insurance
Oct 20 2020 // The tenth year of the Zurich North America and Advisen Cyber Survey reveals that 78% of risk managers now purchase some level of cyber insurance — compared to only 34% in 2011. Of this record of 78% with some cyber...
Japan to Take Countermeasures to Prevent Cyber Attacks from Derailing Tokyo Games
Oct 20 2020 // Japan said on Tuesday it would take countermeasures to ensure next year’s Tokyo Olympics are not derailed by cyber attacks after Britain and the United States accused Russia of orchestrating efforts to disrupt the...
Pandemic Amplified Security Gaps for Public Sector Cyber Officials
Oct 19 2020 // While the pandemic has highlighted the resilience of public sector cyber officials, it has also called attention to chronic challenges facing state information technology organizations including securing adequate budgets...
UK Data Protection Watchdog Slaps Biggest-Ever Fine on British Airways
Oct 19 2020 // Britain’s data protection watchdog said on Friday it has fined British Airways 20 million pounds – its biggest such penalty to date – for failing to protect data that left more than 400,000 of its...
U.S. Treasury Warns Cyber Liability Insurers Against Paying Ransomware Demands
Oct 19 2020 // The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories,...
Treasury Advisories Add to Victims’ Woes
Oct 19 2020 // Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or handle such situations, according to experts. However, ransomware victims are likely...
INSTANDA Launches Cyber Insurance Product in Africa
Oct 16 2020 // INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on its platform with newly onboarded client, Standard Bank South Africa. INSTANDA...
G7 Leaders Vow to Combat Surging Ransomware Attacks Against Financial Services
Oct 15 2020 // Financial leaders of the world’s seven biggest economies on Tuesday vowed to fight rising ransomware attacks amid the COVID-19 pandemic, and said no stablecoin operation should start until it is properly...
Weighing Effects of Treasury’s Ransomware Pay Warnings on Cyber Victims and Insurers
Oct 15 2020 // Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or handle such situations, according to experts. However, the advisories are likely to up...
Beazley’s Keefe Moves to Marsh to Lead Cyber Incident Management Team
Oct 14 2020 // Insurance broker Marsh announced the appointment of Katherine Keefe as U.S. Cyber Incident Management leader. In this newly created role, Keefe will be responsible for leading Marsh’s efforts to assist clients...
Twitter Security Failure Prompts Call for Regulating Internet Giants as Systemic Risks
Oct 14 2020 // Twitter Inc. suffered from cybersecurity shortfalls that enabled a “simple” hack attributed to a Florida teenager to take over the accounts of several of the world’s most famous people in July, according...
New Jersey Urges Vigilance as Data Breaches, Online Threats Rise During Pandemic
Oct 12 2020 // As October’s National Cybersecurity Awareness Month is underway, New Jersey Attorney General Gurbir S. Grewal warned residents of the state that data breaches, internet fraud and online threats are on the rise. With...
Container Shipping Group CMA CGM Restores Online Business After Cyber Attack
Oct 12 2020 // CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralyzed activity. France-based CMA CGM first reported the incident on...
Hackers-for-Hire Group Targets Officials, Activists, Executives in Middle East
Oct 7 2020 // Saudi diplomats, Sikh separatists and Indian business executives have been among those targeted by a group of hired hackers, according to research published on Wednesday by software firm BlackBerry Corp. The report on the...
