Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Pool Re to Include Physical Damage from Cyber Terrorism, Effective April 2018
Nov 28 2017 // Pool Re, the UK’s terrorism reinsurance pool, announced it will extend its cover to include material damage and direct business interruption caused by acts of terrorism using a cyber trigger. The new cover will be...
Millions of Devices in Europe Remain Undefended Against Cyber Attacks: Report
Nov 28 2017 // A year after a wave of denial-of-service attacks knocked out major websites around the world, millions of unsecured printers, network gear and webcams remain undefended against attack across major European cities, a report...
How to Help Clients Protect Payment Processing Systems
Nov 27 2017 // The holidays are coming, bringing heightened anticipation. Families look forward to time together, children can’t wait for presents, merchants envision boosted sales and criminals dream of a wealth of unprotected...
Uber Paid Hackers to Hide Breach of 50 Million Customer, Driver Records
Nov 22 2017 // Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security...
Insurers Can Protect Ratings with Cautious Approach to Cyber Risk: Fitch
Nov 21 2017 // The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent cyber conference in New...
Insurtech Startup Debuts with $6M and Proactive Cyber Risk Product
Nov 16 2017 // A California insurtech startup with a new cyber product has launched today to offer brokers and their clients what it calls “redesigned insurance, with cyber security expertise at its core.” Mountain View,...
Blockchain Is Littered with ‘Smart’ Contracts Gone Bad: Opinion
Nov 16 2017 // Smart contracts were supposed to revolutionize finance. So far, however, they have proven adept mainly at helping people lose their money. The digital contracts make use of blockchain technology to get around trusted...
BHSI Launches Network Security & Privacy Liability Insurance in Canada
Nov 16 2017 // Berkshire Hathaway Specialty Insurance (BHSI) has unveiled its Professional First Network Security & Privacy Liability Policy in Canada. The product combines cyber liability and breach response coverage with risk...
What’s the Lowdown?
Nov 15 2017 // WHAT’S THE LOWDOWN? Defined, I’m referring to the noun – “the true facts or relevant information about something” – not to be confused with the adjective, often included in sentences...
Russian Cyber Attacks Target Major U.K. Industries, Says Top Spy
Nov 15 2017 // Britain’s National Cyber Security Centre publicly confirmed for the first time that Russia has carried out internet assaults on major U.K. energy, technology and media companies, as tensions escalate over the...
5 Ways the Insurance Industry Can Improve Cybersecurity: Former U.S. Security Chief Clarke
Nov 15 2017 // “The insurance industry has a great record of solving problems where government regulation didn’t because the government either didn’t know how to regulate, or the government wouldn’t...
Travelers Comfortable with Its ‘Prudent’ Cyber Insurance Position
Nov 14 2017 // Travelers Cos. Inc. plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer assesses risks in...
Worried About Hackers, States Turn to Cyber Insurance
Nov 13 2017 // As the threat from hackers and cybercriminals intensifies, a growing number of states are buying cyber insurance to protect themselves — and taxpayers. “It’s expensive. It’s a big budget item for us....
With 4,000 Ransom Attacks a Day, Cyber Crime Threatens Financial Sector: Europol
Nov 9 2017 // The “remorseless” growth of cyber crime is leading to 4,000 ransom attacks a day and gangs’ technological capability now threatens critical parts of the financial sector, the head of Europol said on...
Nepal Bank Latest Victim in String of Global Cyber Heists
Nov 8 2017 // A bank in Nepal is the latest victim in a string of cyber heists, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday. [Editor’s note: Reuters issued...
Allianz to Offer Small Business Cyber Risk Management Services Through Zeguro
Nov 8 2017 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has partnered with Silicon Valley-based software company Zeguro, to address cyber security and risk management for small to...
Regulation Not the Answer to Cyber Threats: Federal Reserve Official
Nov 7 2017 // More rules may not be the best answer to protecting the financial system against cyber attacks, a Federal Reserve official said. “I don’t think the solution to the cybersecurity problem rests in...
Cyber Risk Is Putting Pressure on Property Insurance Underwriters
Nov 6 2017 // Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry, according to panelists at Advisen’s 2017 Cyber Risk Insights Conference, held...
Cyber Service: How the Market Is Dishing Out Innovation
Nov 6 2017 // No one knows what the future of cyber risk holds. But more market choices and value-added services are now part of this fast-growing market. “We don’t know,” said Blake Wiedman, partner at Nashville-based...
Can Cyber Open the Door to Attracting Talent?
Nov 6 2017 // No longer a long-range concern on the distant horizon, the talent crunch within the insurance industry is here. Despite years of warnings and research, insurance organizations face a perfect storm of labor market...
