Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Australia Bans China’s Huawei from Supplying Mobile Equipment, Citing Hacking Risks
Aug 23 2018 // Australia has banned Chinese telecoms firm Huawei Technologies Co Ltd. from supplying equipment for a 5G mobile network, citing risks of foreign interference and hacking which Beijing dismissed as an “excuse”...
Swiss Re’s DePiero Joins Sompo Pro’s U.S. Cyber Practice
Aug 20 2018 // Richard DePiero has joined Sompo Pro, the U.S. professional liability insurer unit of Sompo International, as senior vice president, U.S. Cyber Product leader. DePiero will be responsible for Sompo Pro’s U.S. cyber...
As Cyber Insurance Market Grows, Accumulation Risk Is Key Concern: Geneva Assn.
Aug 20 2018 // Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, according to a study...
Third Compliance Date Approaching for New York Cybersecurity Regulation
Aug 20 2018 // The third transitional period for New York’s first-in-the-nation cybersecurity regulation for all Department of Financial Services (DFS) regulated entities ends on Sept. 4, 2018. Beginning on Sept. 4, banks,...
FBI: Lower Mississippi River Ports, South Louisiana Vulnerable to Cyber Threats
Aug 16 2018 // Giant cranes loading and unloading gargantuan barges. Oil tankers, supply vessels and pipelines serving a vital energy industry. Flood control structures. Chemical plants. Cruise ships. Drinking water sources. All...
Banks on Alert After FBI Warning of Cyber Attacks on ATMs
Aug 16 2018 // Banks are on alert for new attacks targeting cash in ATMs after the Federal Bureau of Investigation warned U.S. lenders last week of a potential threat. “The FBI routinely advises private industry of various...
Capsicum Re’s Cyber Team Taps Paragon’s Goring as Broker, BMS’ Naidu as Wordings Director
Aug 15 2018 // Capsicum Re, the London-based specialist reinsurance broker, announced two new hires to its cyber division. Jasper Goring joins as a cyber broker and Prab Naidu was appointed as wordings director, both with immediate...
Cyber Criminals Steal $13.5M from India’s Cosmos Bank
Aug 15 2018 // Cyber criminals hacked the systems of India’s Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank has told...
Hackers Could Target Fax Machines as Backdoor into an Organization’s Network
Aug 14 2018 // What could be less threatening than the old office fax machine? Nothing. That’s precisely why it’s used as a backdoor for hackers to get into an organization’s network. Check Point, a cyber security firm...
Chubb Appoints Nazir from Aspen as Cyber Underwriting Manager, UK & Ireland
Aug 13 2018 // Chubb announced the appointment of Raheila Nazir as cyber underwriting manager for the UK and Ireland. In this role, Nazir will have responsibility for the leadership and direction of Chubb’s UK&I Cyber...
U.S. on Lookout for Possible Iranian Cyber Attacks After Reinstatement of Sanctions
Aug 13 2018 // The U.S. is bracing for cyberattacks Iran could launch in retaliation for the re-imposition of sanctions this week by President Donald Trump, cybersecurity and intelligence experts say. Concern over that cyber threat has...
New AI Programs Can Learn How to Beat Best Cyber Defenses
Aug 10 2018 // The nightmare scenario for computer security – artificial intelligence programs that can learn how to evade even the best defenses – may already have arrived. That warning from security researchers is driven...
Third Compliance Date Approaching for New York Cybersecurity Regulation
Aug 9 2018 // The third transitional period for New York’s first-in-the-nation cybersecurity regulation for all Department of Financial Services (DFS) regulated entities ends on September 4, 2018. Beginning on September 4, banks,...
Samsung Galaxy S7 Smartphones Vulnerable to Hackers: Researchers
Aug 8 2018 // Samsung’s Galaxy S7 smartphones contain a microchip security flaw, uncovered earlier this year, that has put tens of millions of devices at risk to hackers looking to spy on their users, researchers told Reuters. The...
Taiwan iPhone Chipmaker Scrambles to Recover After Debilitating Computer Virus
Aug 6 2018 // Taiwan Semiconductor Manufacturing Co. (TSMC), which makes chips for the iPhone and other devices, is recovering from a debilitating computer virus but warned of delayed shipments and reduced revenue because of the impact...
Five Takeaways from California’s Watershed Privacy Law
Aug 6 2018 // California recently enacted a sweeping new privacy law, the California Consumer Privacy Act of 2018, which is likely to have broad implications for organizations providing services to, or collecting data from, California...
Cybersecurity Tops D&O Liability Risks: Willis Towers Watson
Aug 6 2018 // Cybersecurity is the top directors and officers (D&O) liability concern for organizations today, while claims brought by employees, including claims for harassment or discrimination, and regulatory enforcement risks...
3 Ukrainians Arrested for Costly Cyber Attacks on U.S. Firms: Justice Department
Aug 2 2018 // Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice...
U.S. Seeks More Cooperation with Private Sector to Fight Cyber Attacks
Aug 1 2018 // The U.S. Department of Homeland Security on Tuesday said it will bolster collaboration with the private sector to defend the nation against cyber attacks by working more closely with industry to combat emerging...
Business Email Attacks on the Rise; Office 365 Users Hardest Hit: Beazley
Jul 31 2018 // Attacks targeting business email accounts continued to climb in the second quarter. Hardest hit were organizations using Office 365, the popular cloud-based product, according to data released by specialty insurer...
