Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Equifax’s $700 Million Data Breach Settlement Criticized
Jul 23 2019 // Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized...
Equifax’s $700 Million Data Breach Settlement Includes $300 Million for Consumers
Jul 22 2019 // Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday. The largest-ever settlement for...
Liberty Specialty Forms Cyber Centre of Excellence; Rigby Named Chief Cyber Officer
Jul 22 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jon Rigby to the newly created role of chief cyber officer. He will report to Peter Smith, executive underwriting officer. Rigby will...
CFC Adds Range of Risk Management Services to Tech Insurance Offering
Jul 17 2019 // Specialist insurance provider CFC Underwriting has added a range of free risk management services to its insurance offering for technology companies. CFC, which is a London-based managing general agent, said it has teamed...
Premera Blue Cross in Northwest to Pay States $10M in Data Breach
Jul 16 2019 // Premera Blue Cross, the largest health insurer in the Pacific Northwest, has agreed to pay $10 million to 30 states following an investigation into a data breach that exposed confidential information on more than 10...
AIG Names Accenture’s Parker as Information Security Deputy Chief
Jul 15 2019 // American International Group reported that Tom Parker is joining the company as deputy chief Information Security officer. Parker will work with Rich Baich, AIG’s chief Information Security officer, on global...
Cyber Alert: New Era in Privacy Liability to Begin. California’s Data Privacy Law Could Be Game-Changer
Jul 15 2019 // As the nation’s most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability. Anxiety is on...
Large French Companies Increasingly Are Targeted by Ransomware Attacks
Jul 12 2019 // Large companies in France are increasingly the targets of cyber attackers who lock up data and demand a ransom, but often refrain from reporting the assaults for fear of hurting their image, according to the French...
Marriott Faces $124M Fine for Massive Data Breach Under New Data Protection Rules
Jul 11 2019 // The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the U.K. cracked down on privacy breaches with its second major penalty notice in two...
Lockton Affinity to Administer New Standalone Cyber Liability Product
Jul 11 2019 // Lockton Affinity has been appointed as the program administrator for the new CyberLock Defense standalone cyber liability policy with options for more than 40 industry groups including retail, industrial &...
ProWriters Adds New Companies, Features to Cyber Coverage Platform
Jul 9 2019 // ProWriters Insurance Services has added CFC Underwriting Ltd. and insurtech startup At-Bay writing on Hartford Steam Boiler paper to its Cyber IQ platform. ProWriters introduced its Cyber IQ platform comparative rating...
Maryland Agency Outlines Response to Cybersecurity Incident
Jul 8 2019 // The Maryland Department of Labor has started notifying about 78,000 customers about potential unauthorized activity in two of its database systems. The department said Friday that while some personally identifiable...
Brit Global Adds AIG, NAS Cyber Specialists to U.S. Cyber & Technology Practice
Jul 8 2019 // James Patterson and Ryan Mimmo have been appointed vice presidents of Cyber & Technology for Brit Global Specialty USA. They are based in San Francisco and New York, respectively, and are responsible for underwriting...
British Airways Faces Record $230M Fine for Data Breach Under New GDPR Rules
Jul 8 2019 // British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK’s Information...
Lloyd’s to Require Cyber Cover Clarity in Re/Insurance Policies
Jul 8 2019 // Lloyd’s of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both brokers and...
Data Breaches That Take Minutes to Occur, Often Require Months to Discover
Jul 3 2019 // While it typically only takes a short amount of time for a successful breach to compromise data, the amount of time it takes for a breach to be discovered is more likely to be months. This means businesses susceptible to a...
Anxiety, Policy Limits Rising Ahead of California’s Sweeping Data Privacy Law
Jul 1 2019 // Robert L. Wallan’s clients are keeping him quite busy as they fret about the implementation next year of the nation’s most far-reaching data privacy law, which gives California consumers more control over their...
Second Florida City Pays Hackers As Third City Faces Breach
Jun 28 2019 // A second small Florida city this month has paid hundreds of thousands of dollars to hackers who took over most of its computer operations, an official said Wednesday, while a third Florida city said its data was...
Cyber Risks Are Jeopardizing M&A Deals
Jun 28 2019 // Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done. Of more than 2,700 information...
Delaware Data Breach Impacts 95K Residents
Jun 27 2019 // The Delaware Department of Insurance recently received notice of a data security breach suffered by Dominion National, an insurer and administrator of dental and vision benefits, that impacted 95,000 Delaware residents. On...
