Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Ransomware Attack Hits Mexico’s State Oil Firm Pemex
Nov 12 2019 // A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major...
Marsh Taps Army Veteran, JLT Exec Sawyer to Lead U.S. Cyber Risk Consulting
Nov 8 2019 // Global insurance broker Marsh has appointed Reid Sawyer as U.S. Cyber Risk Consulting leader. In this newly created role, Sawyer will lead the strategy and delivery of Marsh’s cybersecurity consulting services in the...
Companies That Are Open About Cyber Risks Fare Better With Investors
Nov 8 2019 // Research finds that when one company experiences a cybersecurity breach, other companies in the same field also become less attractive to investors. However, companies that are open about their cybersecurity risk...
Coalition Makes Cyber Risk Assessment Tool Available for Free to Small, Midsize Firms
Nov 8 2019 // Coalition, a cyber insurance company for small and midsize businesses, has launched a free, publicly available cybersecurity and risk assessment tool that assesses the expected probability and severity of a security...
Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product
Nov 6 2019 // Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency Ltd. and the development of a new cyber product. Pembroke’s four-person cyber team is...
U.K. Marine Services Firm James Fisher Reports Cyber Attack
Nov 5 2019 // Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems, sending its shares down as much as 5.7%. JFS said it had taken all affected...
Spanish Companies, Including Radio Network, Hit by Cyber Attack
Nov 5 2019 // A cyber attack has hit Spanish companies including Cadena SER radio, Spain’s National Security Department said on Monday. The virus affected Cadena SER’s local broadcasts, although national output was not...
All Members of Canada’s Desjardins Hit by Data Breach: Finance Minister
Nov 4 2019 // A June data breach that hit Canada’s Desjardins Group has affected all of the financial cooperative’s 4.2 million members, prompting government reforms to protect personal information in the Canadian province...
Hiscox Names Karpp to Head Executive Risks and Cyber Practice in U.S.
Nov 1 2019 // Global specialty insurer Hiscox has appointed Doug Karpp as head of Executive Risks and Cyber in the U.S, which includes Crime and Fidelity, Financial Services and Management Liability insurance products. Karpp, who...
TMK Launches Flagship Cyber Product, Cyber Ctrl, in Asia
Oct 31 2019 // Tokio Marine Kiln (TMK) has launched its flagship cyber product, Cyber Ctrl, targeted at insurers in Asia. The product covers a range of first party losses including business interruption and provides clients with crisis...
Miami Specialty Risk Launches Lloyd’s-Backed Cyber, Technology E&O Facility
Oct 31 2019 // Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and...
Markel Adds Cybersecurity Risk Management Tool to Cyber Products
Oct 30 2019 // Markel has launched a risk management tool for its cyber policyholders. The new WhiteHaX testing and reporting tool simulates cybersecurity breaches and assesses the readiness of deployed security infrastructure and...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains
Oct 30 2019 // A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half of all losses from natural catastrophes globally in 2018*, according to research from...
Ransomware Attacks Rise 37% in Q3, Targeting IT Vendors, Their Clients: Beazley
Oct 29 2019 // Ransomware attacks increased by 37% during the third quarter of 2019, compared to Q2, as cyber criminals target both IT vendors and their clients, according to data compiled by insurer Beazley. One-quarter (24%) of all...
Markel Adds Cyber Security Tool WhiteHaX for Cyber Insurance Customers
Oct 29 2019 // Markel, a cyber liability insurer, has added a risk management tool for its cyber insurance policyholders. WhiteHaX, a cyber risk testing and reporting tool, simulates cyber security breaches and assesses the readiness of...
Johannesburg City Hit by Hackers Who Demanded Bitcoin Ransom
Oct 28 2019 // The City of Johannesburg shut down its website and billing systems after a group hacked into the authority’s system and demanded a ransom of four Bitcoins worth about $30,000. The call center, cashiers and other...
Montana Medical Clinic Cyberattack Compromises Data of 130K Patients
Oct 25 2019 // Montana hospital officials have confirmed a data breach may have compromised the personal information of about 130,000 medical clinic patients. The Daily Inter Lake reported that Kalispell Regional Healthcare employees...
Sompo International Adds Email Security Review Services to Cyber Policies
Oct 25 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has partnered with SecurIT360, a full-service security consulting firm, and The Crypsis Group, a...
U.K. Repelled 658 Cyber Attacks This Year, Many From Hostile Foreign States
Oct 23 2019 // The National Cyber Security Centre defended the U.K. from 658 cyber attacks in the year to October — many from hostile foreign states — with government departments most at risk from attack, according to its...
Risk Strategies to Offer Cyber Risk Management Platform Underwritten by Berkley
Oct 23 2019 // Risk Strategies, a privately held national insurance brokerage and risk management firm, has launched the Cyber Resolute offering that combines new technology with smarter processes and specialized coverage. Cyber Resolute...
