Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Allianz UK Launches ‘Cyber Select’ Offering for Mid-Size Corporations
Dec 12 2019 // Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-corporate businesses. Cyber Select’s cover is designed to deal with the consequences of unauthorized use of IT systems and data...
Law Enforcement Investigating Cyberattack on Florida City Where Navy Attack Occurred
Dec 11 2019 // Federal authorities are investigating a cyberattack on the city of Pensacola, Florida, home to the naval air station where a Saudi flight student killed three sailors and wounded eight others on Friday. Mayor Grover...
Southeast Insurance Chiefs Farmer, Altmaier Elected to Top NAIC Posts
Dec 11 2019 // South Carolina Department of Insurance Director Ray Farmer and Florida Insurance Commissioner David Altmaier have been elected to the positions of president and president-elect, respectively, of the NAIC (National...
Cybersecurity Provider Coronet, Coalition Partner on Small Business Cyber Product
Dec 5 2019 // Small business cybersecurity provider Coronet has partnered with Coalition, a cyber insurance provider for small and midsized businesses, to offer cyber insurance to Coronet customers. The partnership combines...
EPIC Names Geary National Executive Risk & Cyber Practice Leader
Dec 3 2019 // EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, has named Kelly Geary National Executive Risk & Cyber Practice leader. Geary and her team bring...
Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question.
Dec 3 2019 // By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a handwritten sign on the door: The computers are down. It was worse than it seemed. Some employees who...
Analysis: Louisiana Government Cyberattack Could Have Been Worse
Dec 3 2019 // The cyberattack on Louisiana’s state government computer servers disrupted agency operations and made going to the Office of Motor Vehicles even more headache-inducing than usual. But it was nowhere near the...
Judge Blocks Facebook Data Breach Victims from Suing for Damages as Group
Dec 2 2019 // A federal judge said up to 29 million Facebook Inc. users whose personal information was stolen in a September 2018 data breach cannot sue as a group for damages, but can seek better security at the social media company...
Online Scams Are Catching Newly Vulnerable Icelanders Unprepared
Nov 26 2019 // “Hi, I hope you are not busy?” The treasurer of the Icelandic soccer club Afturelding got the email from his manager late in the afternoon, soon before banks were about to close. The words “Sent from my...
Attempted Cyberattack Disrupts Louisiana Government Websites
Nov 20 2019 // Many of Louisiana’s state government websites and email systems were shut down because of what the governor’s office is describing as an attempted ransomware attack. The problem Monday disrupted business...
Data Firm Palantir’s Partnership with Japan’s Sompo Insurance Targets Health, Cyber
Nov 18 2019 // Silicon Valley data analytics company Palantir Technologies Inc. has established a joint venture with Japanese insurance holding company Sompo Holdings Inc. that will initially focus on health and cybersecurity clients,...
Financial Institutions Offering from Hanover Targets Asset Managers, Depositories
Nov 18 2019 // The Hanover Insurance Group has launched Hanover Financial Institutions Advantage, a new offering that provides small to mid-sized asset managers and depository institutions with coordinated property, casualty, management...
A Few Good Tips to Consider on Outsourcing
Nov 18 2019 // I honestly do not see many agencies benefitting from outsourcing. They think they do, but their results show otherwise. Most of the time, they would be more successful simply with better management as outsourcing is not a...
Pemex Oil Firm ‘Unaffected’ by Cyber Attack, Says Mexican Minister; Workers Disagree
Nov 15 2019 // A cyber attack on computer networks of the Mexican national oil company Pemex is “totally under control” and did not have any negative consequences, Security Minister Alfonso Durazo said on Thursday. The attack...
Insurer Brit Ltd. Launches E-trading Cyber Portal
Nov 15 2019 // Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and the U.S., targeting small and medium sized enterprises (SMEs) in both regions. The portal will give...
Best’s Report Sees Identity Theft Becoming Standalone Personal Cyber Insurance
Nov 15 2019 // The role of identity theft insurance as a supplemental product could evolve as personal cyber risks become more of a threat as technology proliferates further into individuals’ lives, according to a new A.M. Best...
Zurich Adds Cyber Endorsements for Manufacturing Industry
Nov 15 2019 // Zurich Insurance has rolled out new, industry-specific endorsements to its cyber insurance policy designed to expand coverages provided to the manufacturing industry. The endorsements were created in response to the...
FBI Warns on Rise in Sophisticated Cyber Crimes
Nov 14 2019 // On Dec. 14, 2018, Aaron Cole was about to buy a new house and received an email that he thought was from his title company, directing him to make a $123,000 deposit. Cole complied, not realizing that a sophisticated hacker...
How Brokers Influence Specialty Insurance Product Innovation
Nov 13 2019 // In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects...
Ransomware Hackers Demand $5M from Mexico State Oil Firm Pemex
Nov 13 2019 // Hackers demanded about $5 million in bitcoin from Mexico’s Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyber attack that fouled up the...
