Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
UK Cyber Security Agency Issues Warning About Kaspersky Lab Antivirus Software
Dec 4 2017 // Britain’s cyber security agency has told government departments not to use antivirus software from Moscow-based firm Kaspersky Lab amid concerns about Russian snooping. Ciaran Martin, head of the National Cyber...
AGCS Promotes Virji to Lead UK Cyber Team; Yu from Principia Named Senior U/W
Dec 4 2017 // Allianz Global Corporate & Specialty (AGCS) announced that Yogesh “Yogi” Virji has been promoted to lead the UK cyber team. In addition, Hui Yu will join the UK team as a senior underwriter in the new year....
Program Business Sector Revenue Jumps 11.7% from 2014 to 2016: TMPAA
Dec 4 2017 // The financial performance of commercial property/casualty insurance program administrators continued to outpace the performance of the overall property/casualty insurance markets, according to a recent study. Program...
Insurtech Startup Debuts with $6M and Proactive Cyber Risk Product
Dec 4 2017 // A California insurtech startup with a new cyber product has launched to offer brokers and their clients what it calls “redesigned insurance, with cyber security expertise at its core.” Mountain View,...
Global Banks Face ‘Significant Evolution’ in Cyber Threat Level: SWIFT
Nov 30 2017 // Global banks need to do more to protect themselves from cyber attacks after a “significant evolution” in the threat level in the last 18 months, according to the SWIFT global payments network. Hackers are...
Uber’s UK Data Breach Exposed Accounts of 2.7M Customers in 2016
Nov 30 2017 // Uber Technologies Inc. said information from 2.7 million U.K. customers was taken in a 2016 security breach that hit 57 million riders and drivers globally and that the company kept secret from the public and authorities...
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...
