Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Philippines’ RCBC Sues Bangladesh Central Bank over ‘Vicious’ Cyber Heist Claims
Mar 13 2019 // A Philippine bank has filed a lawsuit accusing Bangladesh’s central bank of defamation, hitting back at what it says are baseless claims of its complicity in the world’s biggest cyber heist. In February 2016,...
5 Questions to Ask Small Businesses to Uncover Their Cyber Blind Spots
Mar 11 2019 // In an increasingly digital world, it’s important that small businesses don’t get left behind when fending off cyber threats. While a recent study by Forbes Insights and The Hanover shows that most small...
California Bills Would Add More Punch to Consumer Data Protection Law
Mar 6 2019 // Professionals in the cyber arena could find themselves quite busy in the near future with the possibility of California consumers gaining even more power to sue corporations for mishandling personal data under two recently...
Illinois’ Rush Health System Says Data Breach May Affect 45,000 Patients
Mar 6 2019 // Illinois-based Rush System for Health says personal information from about 45,000 patients may have been compromised in a data breach. The health system said in a recent financial filing that the exposed data may include...
Carmakers on Mobility Utopia: ‘Show Us the Money’
Mar 5 2019 // Jim Hackett’s first job at Ford Motor Co. was to figure out ways to make money that didn’t involve selling cars. One of his first big decisions as the executive in charge of smart mobility, a catch-all term for...
MGA Coalition Covers Firms with Cyber Exposure Under EU’s Data Privacy Law
Mar 4 2019 // Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European...
U.K. Cyber-Security Startup Tessian Raises $40M to Support U.S. Expansion
Feb 28 2019 // Sequoia Capital has backed a London-based cyber-security startup founded by a trio of former banking analysts, who were surprised how often documents such as deal-term sheets were accidentally emailed to the wrong...
PIA Makes Cyber Product Available for Agents to Sell to Small Business Clients
Feb 28 2019 // The National Association of Professional Insurance Agents (PIA National) has given its members a cyber insurance product to sell to their small and mid-sized businesses clients. PIA and ABA Insurance Services (ABAIS) have...
Congress Looks to ‘Reimagine’ Credit Reporting Industry
Feb 27 2019 // The nation’s major credit reporting agencies faced renewed scrutiny from Congress on Tuesday, as lawmakers consider legislation overhauling the industry. Top executives from the three major credit reporting agencies...
Beazley, Marsh Launch Cyber Coverage Product for Manufacturers
Feb 26 2019 // Beazley and Marsh have partnered to provide tailored cyber insurance cover and breach response for U.S. manufacturers. The new Manufacturer’s First Response, a Marsh and Beazley Breach Response (BBR) initiative,...
Investments in Insurtechs Rose in Q4 2018; Cyber Becomes a Focus
Feb 26 2019 // Sixty-three insurtech deals with a total value of $1.59 billion were announced worldwide in the fourth quarter of 2018. The number of deals was up 24 percent while the value jumped 155 percent over Q4 2017. The total,...
Financial, Reputational Costs of Cyber Attacks Can Ruin Small, Medium Firms: Chubb
Feb 22 2019 // The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for small-and-medium-sized enterprises (SMEs), according to a report published by Chubb. This hefty cost of repairing the...
‘Sextortion’ Is Emerging Cyber Risk for Businesses, Warns Beazley
Feb 21 2019 // A new form of online bribery is emerging where cyber criminals attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers, according to a report...
MGA Coalition Covers Firms with Cyber Exposure Under EU’s Data Privacy Law
Feb 20 2019 // Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European...
Data Breach in Arizona Hits Restaurants, Hotels
Feb 20 2019 // A data breach may have compromised the personal information of customers who patronized any of 50 Arizona businesses last month. North Country Business Products says an investigation of “suspicious activity”...
China Abandons Pledge, Returns to Very Active Hacking of U.S., Report Says
Feb 19 2019 // China largely abandoned a hacking truce negotiated by Barack Obama as President Donald Trump embarked on a trade war with Beijing last year, according to the cybersecurity firm Crowdstrike Inc. A slowdown in Chinese...
Asia-Pacific SMEs Are Over-Confident About Their Cyber Preparedness: Chubb
Feb 15 2019 // A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific countries, according to a Chubb survey titled “Too Small to Fail?” The...
Venture Programs to Offer Cyber Coverage through ProWriters Insurance
Feb 13 2019 // ProWriters Insurance has been selected as the exclusive cyber insurance provider for Venture Insurance Programs. The new strategic partnership allows Venture’s business owners in select niche industries, including...
Insurtech CoverHound Raises $58 Million to Drive Cyber Unit, Open North Carolina Office
Feb 5 2019 // Digital property/casualty insurance platform CoverHound announced it has raised a $58 million Series D funding round. Global specialist insurer Hiscox led the round, along with additional investors including Chubb, Aflac...
Crypto Exchange Founder Dies, Along with Sole Password to Access $200M
Feb 5 2019 // Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution — just the latest cautionary tale in the unregulated world of cryptocurrencies. The online startup can’t retrieve about...
