Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Cybersecurity Requirements in New York: Determining Compliance
Aug 25 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies. Codified at 23 NYCRR §500, the law became effective on March 1, 2017, and requires insurance and...
Risk Managers Prefer Standalone Cyber Policies: RIMS Survey
Aug 25 2017 // According to the 2017 RIMS Cyber Survey, risk professionals’ continued to show preference for standalone cyber insurance policies as the number of practitioners who purchased the coverage increased moderately in...
Panensky to Lead New Ironshore Computer Emergency Response Team
Aug 25 2017 // Ironshore Inc. has unveiled a Computer Emergency Response Team (CERT) to manage cyber claims across all product lines. CERT-Ironshore is a dedicated computer response team comprised of cyber claims coordinators...
Delaware Updates Law to Address Advances in Cyber Threats
Aug 23 2017 // Delaware Governor John Carney last week signed into law House Substitute 1 for House Bill 180, legislation that provides the first updates in Delaware law to address advances in cyber threats in more than a decade. The...
Popular Robots Appear Dangerously Easy to Hack, Researchers Say
Aug 22 2017 // Some of the most popular industrial and consumer robots are dangerously easy to hack and could be turned into bugging devices or weapons, IOActive Inc. said. The Seattle-based cybersecurity firm found major security flaws...
5 Reasons Cyber Security Is Failing and What P/C Insurers Can Do About It
Aug 18 2017 // Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the...
NotPetya Cyber Attack Cost World’s Biggest Container Shipping Line up to $300M
Aug 17 2017 // The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk...
Industry Relevance and Expertise ‘Ours to Lose:’ Catlin
Aug 15 2017 // First of Two Articles After 44 years in the insurance business, Stephen Catlin is retiring at the end of 2017. While he’ll be retiring from his role as executive deputy chairman of XL Group, he emphasizes that he...
Hackers Release More Unaired HBO Episodes: AP Report
Aug 14 2017 // Hackers have released more unaired episodes of popular HBO shows but the latest leak did not include anything on the hit series “Game of Thrones,” the Associated Press reported on Sunday. The hackers, who broke...
Cyber Spies with Possible Russian Links Targeted European Hotel Guests: FireEye
Aug 11 2017 // A cyber-spying group with suspected links to Russian military intelligence was probably behind a campaign targeting hotel guests in eight mostly European countries last month, researchers at security firm FireEye said on...
HBO Cyber Attack – Latest in Growing Problem for Hollywood
Aug 11 2017 // Sony. Netflix. And now, HBO. While the 2014 hacking at Sony Pictures pushed entertainment giants to take computer security more seriously, recent incidents have exposed weaknesses throughout Hollywood’s food chain....
Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG
Aug 9 2017 // Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American...
Canada’s Economical Offers Cyber Cover for Business Losses After Data Breaches
Aug 7 2017 // Economical Insurance has launched cyber coverage that is available to commercial policies to support Canadian businesses in the event of a data breach. Called “EXPERT Cyber,” the Economical product provides...
Cyber Attacks Against Ships’ GPS Systems Prompts Return of Radio as Backup
Aug 7 2017 // The risk of cyber attacks targeting ships’ satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use GPS (Global...
Top Kentucky Hotel Says Data Breach Could Have Included Guest Info
Aug 4 2017 // A four-star Kentucky hotel has discovered a data breach threatening guests’ credit card information. News outlets report The Galt House hotel in Louisville said last month that an internal investigation found malware...
JLT Re Appoints Ed’s Gray as Cyber Treaty Specialist, London & International Team
Aug 3 2017 // JLT Re, the global reinsurance broker and consultant, has appointed Ben Gray as a partner in JLT Re’s London & International Markets (LIM) team with a focus on cyber treaty. Gray joins from UK-based broker Ed...
Update: Cyber Attacks Start to Hit Earnings of Global Companies
Aug 3 2017 // The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest...
Businesses Need Cyber Insurance Against Government: Kroll Executive
Aug 3 2017 // The major risk to businesses victimized by cyber breaches is the reputational damage that can follow, damage that often comes from government regulators out to make a name for themselves, according to a former FBI agent...
XL Catlin Offers Cyber & Data Protection Policy in Asia Pacific
Aug 2 2017 // XL Catlin announced it has launched its Cyber and Data Protection insurance policy in Asia Pacific. With cyber risk ranking in the top 10 in today’s emerging risks, the new policy is designed to protect businesses...
Data Breaches Due to Employee Error, Third Party Suppliers on Rise: Beazley
Aug 1 2017 // Hacking and malware attacks including ransomware attacks continue to be the leading cause of breaches, accounting for 32 percent of the 1,330 incidents that insurer Beazley’s in-house Breach Response Services helped...
