Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Q&A: How Driverless Car Technology Could Impact New York and Other States
Jul 6 2017 // Powered by InsuranceJournal.tv New York Governor Andrew Cuomo in May signed a budget bill into law allowing self-driving and self-parking cars to be tested for one year on New York public highways. Prior to this law going...
Global Shipping Still Reeling from Cyber Attack; Insurers Warn of Coverage Gaps
Jun 30 2017 // Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago, showing the scale of the damage a computer virus can unleash on the technology dependent and inter-connected...
Texas Stamping Office: Surplus Lines Cyber Growth Keeps Up with Demand
Jun 29 2017 // In Texas and across the nation, the surplus lines insurance market is keeping up with the increase in demand for cyber liability protection, according to the Surplus Lines Stamping Office of Texas (SLTX). Surplus lines...
Global Cyber Attack Affects Shipping, FedEx, Emails and More
Jun 29 2017 // The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus’s spread seemed to be abating. FedEx Corp. said it could...
Businesses Underestimate Long-Term Effects of Cyber Attacks: Lloyd’s Report
Jun 28 2017 // Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack, according to research from Lloyd’s in association with KPMG and legal firm DAC Beachcroft. As...
‘WannaCry’-Like Cyber Attack Spreading to Firms Globally
Jun 27 2017 // A new cyberattack similar to WannaCry is spreading from Europe to the U.S. and South America, hitting port operators in New York, Rotterdam and Argentina, disrupting government systems in Kiev, and disabling operations at...
Major Ransomware Attack Spreads from Europe to U.S.
Jun 27 2017 // A new cyber attack similar to WannaCry is spreading from Europe to the U.S., hitting port operators in New York and Rotterdam, disrupting government systems in Kiev, and disabling operations at companies including Rosneft...
Oil & Gas Industry Faces More Frequent & Sophisticated Cyber Attacks: Deloitte
Jun 27 2017 // Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as hacking efforts against the industry become more frequent and sophisticated. That’s the finding from a report...
Cheaper Cyber Insurance in the Works for Apple, Cisco Customers
Jun 27 2017 // Apple Inc. is working with Cisco Systems Inc. to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim Cook said on...
In Biggest Data Breach Settlement Yet, Anthem to Pay $115 Million
Jun 26 2017 // Anthem Inc., the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people’s personal information for $115 million, which lawyers said would...
Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016
Jun 23 2017 // Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best. The largest cyber insurance writers...
U.S. Firms Issue Principles for Cyber Risk Ratings Used by Insurers
Jun 21 2017 // More than two dozen U.S. companies, including several big banks, have teamed up to establish shared principles that would allow them to better understand their cyber security ratings and to challenge them if necessary, the...
Hackers Target Canada Miners, Casinos, Demanding Bitcoin Ransoms: FireEye
Jun 19 2017 // The same hacker targeting Canadian casinos and mining companies for extortion since 2013 is planning more attacks, researchers at cyber security company FireEye Inc said in a report on Friday. FireEye said it believes that...
Why the WannaCry Breach Brings Good News
Jun 19 2017 // Don’t cry over spilled milk, in fact maybe it will teach you to hold the carton tighter. A lesson well learned. This is why, despite the harsh headlines, the ransomware attack that struck the world in May, WannaCry,...
British Insurer Aviva to Launch Small Business Cyber Product
Jun 16 2017 // British insurer Aviva plans to launch a new product to cover small and medium-sized businesses against cyber attacks later this year as part of an expansion of its specialist insurance division, its chief executive for UK...
Utilities Warned of ‘Easy-to-Use’ Malware Aimed at Causing Outages
Jun 13 2017 // Two cyber security firms have uncovered malicious software that they believe caused a December 2016 Ukraine power outage, they said on Monday, warning the malware could be easily modified to harm critical infrastructure...
Shipping Losses Fall to Lowest in 10 Years as Technology Drives Safety
Jun 13 2017 // Large shipping losses have declined by 50 percent over the past decade and last year saw the lowest number of losses in the past 10 years. The favorable loss trend has been largely driven by improved safety, according to...
Texas Insurance Council Symposium to Address Cyber Threats
Jun 6 2017 // The Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas’ Annual Mid-Year Symposium will feature a panel discussion on cybersecurity, the growing cyber market for insurers, and the...
Consumer Specialties Adds Crisis Management/Cyber Endorsement to CGL Policy
Jun 5 2017 // Consumer Specialties Insurance Company (CSI), a risk retention group serving the specialty consumer products industry, has added a crisis management/cyber risk endorsement to its commercial general liability policy. The...
Cyber Liability Sales Show More Growth, Price Stability: Report
Jun 5 2017 // Businesses are buying more cyber insurance and prices for the coverage are stabilizing, according to the latest survey by The Council of Insurance Agents and Brokers. According to the survey of about 100 commercial lines...
