Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Norsk Hydro’s Core Profit Plunges 82% After March Cyber Attack, Brazilian Spill
Jun 5 2019 // Aluminum producer Norsk Hydro, the victim of a cyber attack in March that paralyzed its IT systems, posted an 82% drop in first-quarter core profit on Wednesday and said a rise in global uncertainty could impact its...
CyberPolicy Launches Coverage for Small, Medium-Sized Businesses
Jun 3 2019 // CyberPolicy, an online marketplace designed for small and medium-sized businesses (SMBs) to compare, quote, and buy cyber insurance, has released CyberPolicy Genesis, a one-click cyber insurance product. Starting at just...
Ransomware Attacks More Than Double in Q1 2019: Beazley
Jun 3 2019 // Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reported a 105% increase in ransomware attack notifications against clients compared to Q1...
The Hartford Adds Cybersecurity Training to Cyber Offering for Businesses
May 31 2019 // The Hartford has partnered with Mimecast, an email and data security company, to offer Mimecast Awareness Training services designed to help customers reduce the risk of a cybersecurity incident before it occurs. According...
Cyber MGU At-Bay Launches Excess Policy for High Revenue Clients
May 29 2019 // Cyber insurance MGU At-Bay has launched an excess cyber insurance policy for clients with up to $5 billion in annual revenue, with available limits up to $10 million. At-Bay developed this product to fulfill broker demand...
CFC Designs New Broker Platform for Its Cyber Insurance Products
May 24 2019 // Specialist insurer CFC is debuting a new broker platform designed to facilitate the sale of its cyber insurance products to small- and medium-sized businesses. The idea is that London, UK-based company’s cyber...
Ransomware Attacks Skyrocketed in Q1: Beazley
May 24 2019 // Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reported a 105% increase in the number of ransomware attack notifications against clients...
HSB Launches Cyber Insurance Endorsement for Farmers
May 23 2019 // Hartford Steam Boiler (HSB) has launched a new HSB Farm Cyber Insurance product designed to protect farmers and farm technology from hackers, malware and other cyber attacks. According to James Hajjar, who leads the cyber...
Baltimore to Get Property Sales Moving Amid Cyber Attack
May 20 2019 // Baltimore, Md., officials say they have a plan to get the city’s real estate market moving again in the midst of a crippling ransomware attack. A manual workaround for property sales during the recovery will begin...
UK Risk Managers List Brand Damage, Brexit, Cyber Attacks as Top 3 Business Risks
May 20 2019 // The top three risks facing UK risk managers are reputational damage, Brexit and cyber attacks, according to Aon’s 2019 Global Risk Management Survey of thousands of risk managers across 60 countries and 33...
Protecting Your Agency and Educating Your Clients On Cybersecurity
May 20 2019 // It’s no secret that having the right technology is critical to being a successful independent agent. But as independent agents embrace technology, they must also be aware of the risks for cyberattacks and know how to...
Cyber Confusion: What’s Needed to Create a Sustainable Cyber Market
May 20 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Cyber Liability Policies – Who Needs Them?
May 20 2019 // Cyber insurance appears to still be a mystery, although the first cyber liability policies appeared 20 years ago. What is covered? What is excluded? Why does the customer need it? Does the customer need it? All of these...
Cyber Prices Drop, While Demand, Supply, Awareness Continue to Grow: Marsh
May 20 2019 // The message about the need to take cyber risk and insurance seriously is getting through to companies and boardrooms. “As risk awareness has grown, more organizations, particularly those focused on their business...
What to Know About Cyber Defense Best Practices
May 20 2019 // Sixty-one percent of firms surveyed for insurer Hiscox had a cyber attack in the past year, compared to 45% in 2018. Meanwhile, the median cost for cyber incidents losses soared from $229,000 to $369,000. While those...
Eight Days After Cyberattack, Baltimore’s Network Still Hobbled
May 17 2019 // More than a week after a cyberattack hobbled Baltimore’s computer network, city officials said Wednesday they can’t predict when its overall system will be up and running and continued to give only the broadest...
Beazley Launches Affirmative Marine Cyber Cover
May 15 2019 // Specialist insurer Beazley has created a marine cyber insurance product to meet the rapidly developing needs of vessel owners and operators. Should a cyber incident impact a vessel’s operational capabilities,...
Cyber Insurance Growth Slowed in Reaching $2 Billion in 2018, Says Fitch
May 15 2019 // The cyber insurance market remains a source of growth for U.S. property/casualty insurers; however, that growth is slowing, according to Fitch Ratings. The industry’s total direct written cyber premiums grew 8% in...
G7 Countries Will Simulate Major Cross-Border Cyber Attack on Financial Sector
May 13 2019 // Leading Western industrial powers will for the first time jointly simulate a major cross-border cyber-security attack on the financial sector next month, French officials said on Friday. The exercise, organized by the...
Warning: Cyber Will Soon Cost Insurers More Than Natural Disasters
May 12 2019 // Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a comprehensive, common global...
