Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks
Oct 18 2024 // Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the UK to launch a service dedicated to recovering funds stolen by cyber...
New York Updates Financial Services Cybersecurity Regulation to Address AI Risks
Oct 17 2024 // The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 financial firms including insurers it regulates in addressing cybersecurity risks arising from artificial...
UK Fears Chinese Hackers Compromised Critical Infrastructure
Oct 16 2024 // Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to UK officials, underscoring fears of vulnerabilities to increasingly...
Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh
Oct 11 2024 // Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses over the next 12 months, according to new research by Marsh McLennan. The findings...
Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows
Oct 11 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...
American Water Cyberattack Renews Focus on Protecting Critical Infrastructure
Oct 11 2024 // A cyberattack continues to affect the largest regulated water and wastewater utility company in the United States, renewing a focus on the importance of protecting critical infrastructure sites. New Jersey-based American...
Transforming Cyber and Tech E&O Insurance with Our RQB Platform
Oct 11 2024 // This post is part of a series sponsored by Selectsys. The demand for Cyber and Technology Errors & Omissions (Tech E&O) insurance is rapidly growing as businesses face an increasing array of digital threats and...
People Moves: Miller Promotes Nagle to Head of Miller Europe, Succeeding Holloway; Markel Taps AIG’s Eastwood as Sr. Cyber U/W
Oct 10 2024 // This edition of International People Moves details appointments at the insurance broker Miller and the insurer Markel. A summary of these new hires follows here. Miller Promotes Nagle to Head of Miller Europe, Succeeding...
Marriott Settles With States for $52M Over 2018 Data Breach at Starwood
Oct 10 2024 // Marriott International has agreed to settle with the Federal Trade Commission and 50 state attorneys general over a series of data breaches at a guest-reservation system subsidiary. According to multiple statements from...
NSA Investigating If Chinese Hackers Breached US Telecoms
Oct 9 2024 // The US is in the early stages of an investigation into potential Chinese hacking of American telecommunications companies, according to a top intelligence official. National Security Agency Director General Timothy Haugh...
Markets/Coverages: Price Forbes Re Taps Gallagher Re’s Cole as Head of Financial Lines; BHSI Names Aon’s Pache for PI/Cyber Team, DACH Region, Schumacher as Property U/W
Oct 8 2024 // This edition of International People Moves details appointments at Price Forbes Re and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Price Forbes Re Names Gallagher Re’s...
Markets/Coverages: Beazley Launches Cyber Consortium for Large Corporates
Oct 8 2024 // Specialty insurer Beazley announced the launch of a cyber consortium that provides comprehensive cover for large corporates with a turnover in excess of $1 billion, infusing $100 million of new capacity into the cyber...
American Water Reports Cyber Incident; Shuts Down Customer Portal
Oct 8 2024 // New Jersey-based American Water, which runs water treatment, transmission, wells and other water facilities for 14 states, has reported a cyber incident. The company has deactivated its customer portal, MyWater, as a...
US DOJ Charges British Man Over ‘Hack-to-Trade’ Scheme
Oct 2 2024 // A British man has been arrested and charged by U.S. authorities with hacking into the computers of five companies to obtain details about their expected earnings, and making $3.75 million of illegal profit by trading...
Ransomware, Email Compromise Leading Causes of Cyber Loss: NetDiligence
Sep 27 2024 // Cybersecurity claims reported in recent years vary sharply, with larger claims reaching $500 million of data loss and smaller claims as low $1,000. NetDilligence released its annual report, which analyzes 10,464 claims...
People Moves: Price Forbes Re Taps Howden’s Waterhouse as Head of Property Fac; AXA XL Appoints Underwriters and Claims Adjusters for UK Cyber Team
Sep 25 2024 // This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new hires follows here. Price Forbes Re Taps Howden’s Waterhouse as Head of Property Fac Price Forbes...
Cyber Hits All-Time High Concern for Business Leaders, Says Travelers Risk Index
Sep 25 2024 // For the fourth time in six years, cyber risk ranked highest as a concern for business leaders. In fact, this year cyber as a top concern reached an all time high, according to the 2024 Travelers Risk Index. Cyber was cited...
Kansas County Says Ransomware Attack Exposed Personal Information
Sep 24 2024 // A Kansas county said it found unauthorized access and acquisition of personal information maintained by the county, including protected health information related to individuals who received services. Franklin County,...
FBI Disrupts Vast Chinese Hacking Operation That Infected Consumer Devices
Sep 23 2024 // The FBI has disrupted a group of hackers working at the direction of the Chinese government who targeted universities, government agencies and other organizations, Director Chris Wray said last week. The hacking campaign...
Hackers Demand $6M for Files Stolen From Seattle Airport Operator in Cyberattack
Sep 20 2024 // Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month and posted on the dark web this week, an airport official...
