Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
New England Grocers Stop & Shop, Hannaford Coping With Cyber Attack
Nov 13 2024 // The Dutch company that owns Stop & Shop and Hannaford grocery stores across New England is dealing with a cyberattack that has disrupted online shopping, product deliveries and pharmacy services at some...
Biden Administration to Support Controversial UN Cyber Treaty
Nov 12 2024 // The Biden administration plans to support a controversial cybercrime treaty at the United Nations this week despite concerns that it could be misused by authoritarian regimes, according to senior government officials. The...
Chinese Group Accused of Hacking Singtel in Telecom Attacks
Nov 6 2024 // Singapore Telecommunications Ltd., Singapore’s largest mobile carrier, was breached by Chinese state-sponsored hackers this summer as part of a broader campaign against telecommunications companies and other critical...
Vienna Insurance Group Launches Specialist Cyber Security Company
Nov 4 2024 // Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provides comprehensive...
Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows
Nov 4 2024 // Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider. Coalition published its 2024 Cyber Claims Report: Mid-Year Update, which details emerging...
Landmark Admin Reports Data Breach, Exposing 800,000 Users’ Information
Oct 31 2024 // Landmark Admin filed a notice of data breach last week after detecting suspicious activities on its system in May. Landmark is a Texas-based company that provides third-party administrative solutions for life insurance...
Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic
Oct 31 2024 // Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion. Safe+ simplifies the procurement...
Transforming Cyber and Tech E&O Insurance with Underwriter Link
Oct 30 2024 // This post is part of a series sponsored by Selectsys. As Cyber and Technology Errors & Omissions (Tech E&O) risks grow, insurers face increasing pressure to provide accurate, fast, and competitive coverage....
Markets/Coverages: Hartford and Coalition Announce Cyber Capacity Partnership in UK
Oct 29 2024 // The Hartford and cyber-MGA Coalition announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition’s active cyber insurance approach in the UK market. The new...
Judge Approves Healthcare Advisor’s $1.5M Data Breach Settlement
Oct 29 2024 // A federal judge in Connecticut has given final approval to a $1,525,000 class action settlement involving a data breach at Merritt Healthcare Advisors. About 3,320 people whose personal information was accessed by an...
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver
Oct 29 2024 // A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing most-at-risk entities. Using independent analysis of cybersecurity performance data provided by Bitsight in...
China Is Scanning Canada’s Cyber Defenses, State Watchdog Warns
Oct 28 2024 // The Canadian government warned Friday that “a sophisticated state-sponsored threat actor from the People’s Republic of China” has been scanning the cyber defenses of important public...
US Investigating Breach of Telecoms by China-Linked Hackers
Oct 28 2024 // The US government said Friday it was investigating unauthorized access by Chinese state-affiliated hackers targeting the commercial telecommunications sector. The FBI and the Cybersecurity and Infrastructure Security...
Penn State to Pay $1.25M to Resolve Claims of Cybersecurity Non-Compliance
Oct 24 2024 // The Pennsylvania State University has agreed to pay $1,250,000 to settle claims that it violated the False Claims Act by failing to comply with cybersecurity requirements in 15 contracts involving the Department of Defense...
Connecticut Obtains Settlement Over Data Breach Affecting Webster Bank Customers
Oct 23 2024 // Connecticut Attorney General William Tong announced a settlement with Guardian Analytics, Inc. and its successor Actimize, Inc., resolving an investigation into a data breach affecting Webster Bank customers’...
‘G-Shock’ Watchmaker Casio Delays Earnings Release Due to Ransomware Attack
Oct 22 2024 // Japanese watchmaker Casio Computer said on Tuesday it will delay the release of its second-quarter earnings due to the impact of a ransomware attack on its accounting process, to mid-November from Nov. 6. Casio, known for...
Texas Reaches $3.5M Settlement With Marriott Over Customer Data Breach
Oct 21 2024 // Texas Attorney General Ken Paxton announced the state has secured a settlement with Marriott International, Inc., that resolves an investigation into a breach of one of the company’s reservation databases. The breach...
FBI Arrests Man Over SEC Hack, Alleging Bitcoin Manipulation
Oct 21 2024 // A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission’s X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors...
Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering
Oct 21 2024 // Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary cover for this end of the market, double its excess of loss (XOL) limit and...
Western Digital Owes $315.7M for Infringing Data Security Patent, Jury Says
Oct 21 2024 // Data storage provider Western Digital must pay $315.7 million in damages for violating a patent owner’s rights in data security technology, a jury in California federal court said on Friday. The jury determined that...
