Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube
Jan 9 2020 // The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime, according to experts at CyberCube, the cyber risk analytics firm. Travelex announced this week...
Beazley and RenaissanceRe Launch Cyber Catastrophe Cover Backed by Capital Markets
Jan 9 2020 // Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind the deal will be provided...
Texas Governor Warns of 10K per Minute Attempted Cyber Attacks from Iran
Jan 8 2020 // Gov. Greg Abbott is warning Texans to be “particularly vigilant” regarding potential cyber terrorism from Iran, suggesting that heightened tensions with the country have caused an increase in attempted attacks...
Update: U.K.-Based Foreign Exchange Firm, Travelex, Crippled by Ransomware Attack
Jan 8 2020 // Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said cyber hackers were holding its systems to ransom, leading to a global blackout on its online currency...
Insurance Journal’s Top 10 Cyber Risk Stories of 2019
Jan 7 2020 // Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said...
Some Systems Restored After New Orleans Cyberattack
Jan 7 2020 // About three weeks after a cyberattack on New Orleans city computers forced a shutdown, an official says some systems are ready to go back online. Public safety tools including the court system were scheduled to be up and...
Climate Change, Cyber Warfare Risks Are Key London Market Issues for 2020: IUA
Jan 3 2020 // Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in its business plan for 2020. The association said it is establishing a new market...
Alaska Air Carrier Revises Estimate of Damage from Cyber Attack
Jan 2 2020 // An Alaska air carrier that suffered a cyber attack has experienced more disruption than initially projected, according to a company announcement. The RavnAir Group on Dec. 20 experienced what it called a...
Insurance Journal’s Top 10 East Region Stories of 2019
Jan 2 2020 // A new year is a time of reflection for some, and last year, the city of Boston began 2019 by reflecting on an important piece of the city’s history: the 100-year anniversary of The Great Molasses Flood. The flood,...
Wawa Facing Lawsuits Over Data Breach at All of Its Stores
Dec 31 2019 // The Wawa convenience store chain is facing a wave of lawsuits over a data breach that affected its 850 locations along the East Coast. Wawa Inc. discovered malware on its payment processing servers this month before...
Florida City to Pay for ID Monitoring for 60K After Cyberattack
Dec 27 2019 // A Florida city is offering to pay for identity protection monitoring for up to 60,000 people following a cyberattack that crippled Pensacola’s computer systems for days. The News Journal reports Pensacola Mayor...
Health Provider in Arizona to Pay $6M Settlement in Breach
Dec 24 2019 // A Phoenix, Ariz.-based health provider has agreed to settle a lawsuit over a computer data breach that may have compromised health and personal data of about 3 million patients, employees, health insurance customers and...
Vietnam-Linked Hackers Steal Intellectual Property from Competitors: Experts
Dec 24 2019 // A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber attacks to spy on competitors and help Vietnam catch up to global competitors, according to cyber-security...
Massachusetts Auditor Says Revenue Department Needs to Better Protect Data
Dec 24 2019 // The Massachusetts Department of Revenue needs to do more to protect the security of taxpayer and business data, the state auditor said Monday. Auditor Suzanne Bump said an audit found the department was not prepared to...
Coalition Adds California Consumer Protection Act Endorsement
Dec 24 2019 // San Francisco, Calif.-based Coalition, a cyber insurer for small and midsize businesses, has added an endorsement that broadens its coverage to protect against additional violations brought under California Consumer...
AXA XL, Slice Labs, Microsoft to Offer Cyber Risk Management Tools
Dec 23 2019 // AXA XL, the p&c and Specialty Risk Division of global insurer AXA, Slice Labs Inc. (Slice), an on-demand insurer of cloud technology, and Microsoft will work together to help improve cyber health and mitigate risks for...
Cyber Attack Forces Airline to Cancel Flights in Alaska
Dec 23 2019 // RavnAir canceled at least a half-dozen flights in Alaska on Saturday – at the peak of holiday travel – following what the company described as “a malicious cyber attack” on its computer network. The...
Ascot Appoints Walter as Executive VP and Head of Cyber & Commercial E&O
Dec 20 2019 // Ascot has appointed Drew Walter as executive vice president and head of Cyber & Commercial E&O. Also joining the team are Tracy O’Hara, Abigail Oliver, Greg Garijanian and Ben Mancuso. Based in New York,...
Canadian Lab Test Firm, LifeLabs, Pays Ransom After Data Breach
Dec 20 2019 // Lab test provider LifeLabs said Tuesday that it paid a ransom to secure data for Canadians that was stolen in a data breach in late October. Hackers also obtained personal information of an unknown number of the...
Chinese Hacking Group Resumes Global Attacks on Companies, Agencies
Dec 19 2019 // A Chinese government-linked hacking group that was thought to be dormant has been quietly targeting companies and government agencies for the last two years, harvesting data after stealing passwords and circumventing...
