Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
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...
Swiss Re Partners with Insurtech Firm OZON, Offering Cyber Risk Solution in France
Feb 5 2019 // Swiss Re Corporate Solutions is expanding its cyber offering by launching CyberSolution 360°, a risk management solution that combines insurance with cyber attack protection services. Developed in the exclusive...
Connecticut City Recovers About Half of Money Lost in Hacking Scheme
Feb 4 2019 // A Connecticut city says it has recovered more than half the nearly $1 million stolen from city accounts during a 2016 hacking scheme. An attorney for the city of Norwalk said Wednesday that by filing claims, complaints and...
Cyber Attack, or Act of (Cyber) War?
Feb 4 2019 // How a Small Distinction Can Nullify Insurance Coverage In June 2017, the NotPetya virus crippled many large companies including Merck and Mondelez (the manufacturer of Nabisco, Cadbury, and Toblerone). The aggregated...
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Feb 4 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
Minnesota Department Reports Data Breach, up to 3K Exposed
Feb 1 2019 // The Minnesota Department of Human Services says a data breach potentially exposed personal information on up to 3,000 people. Commissioner Tony Lourey tells legislative leaders it happened Sept. 28 when an employee fell...
Cybersecurity Expert Tapped for Oklahoma’s Top Emergency Management Post
Feb 1 2019 // Oklahoma Gov. Kevin Stitt has appointed a longtime cybersecurity expert as the state’s new director of the Department of Emergency Management. Stitt announced the hiring this week of Mark Gower to lead the agency...
Final Implementation Deadline Approaching for New York’s Cybersecurity Regulation
Feb 1 2019 // The final implementation period for the New York Department of Financial Services’ (DFS) cybersecurity regulation covering DFS-regulated entities and licensed individuals ends March 1, 2019. New York’s...
Judge Nixes $50 Million Yahoo Email Breach Settlement
Jan 31 2019 // A U.S. judge rejected Yahoo’s proposed settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history, faulting the Internet services...
CIA Says China, Russia Pose Biggest Cyber Attack Threats to U.S.
Jan 30 2019 // Russia and China pose the biggest espionage and cyber attack threats to the United States and are more aligned than they have been in decades, the leader of the U.S. intelligence community told U.S. senators on...
Thefts, Scams of Cryptocurrencies Surge 400% to $1.7 Billion in 2018
Jan 30 2019 // Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday. Of...
Singapore Data Leak of Records of 14,200 HIV Patients Blamed on U.S. Citizen
Jan 29 2019 // Records of as many as 14,200 people with HIV and their 2,400 contacts have been “illegally disclosed online”, Singapore’s health ministry said in a statement, marking the second cyber attack the...
Global Malware Attack Could Cost Insurers $27 Billion
Jan 29 2019 // A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for risk management...
Delaware Officials Say Data Breach Affects Five Companies, 650 Consumers
Jan 28 2019 // Officials in Delaware say a data breach at a third-party administrator for health insurance companies has affected five companies and 650 consumers. The Department of Insurance announced Thursday that BenefitMall’s...
