Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Delaware DOI Investigating Data Breach Affecting 19,000 Consumers
Jan 13 2017 // The Delaware Department of Insurance is investigating a security breach involving Summit Reinsurance Services Inc. (SummitRe) and BCS Financial Corporation, both subcontractors of Highmark BlueCross BlueShield of...
Gaps in Insurance Cover Expose Shipping Firms to Cyber Risks
Jan 12 2017 // Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global...
Business Interruption Remains Top Corporate Concern in 2017: Allianz
Jan 12 2017 // Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a...
Cybersecurity Firm IDT911 Rebrands to CyberScout, Plans Global Expansion
Jan 11 2017 // Cybersecurity prevention and resolution firm IDT911 has changed its name to CyberScout, to better align with its mission of helping clients in the digital world deal with ever-evolving cyber threats. CyberScout primarily...
2017 Cyber Risks to Intensify as Hackers Become More Cunning: Report
Jan 11 2017 // Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according to a report published...
California College Pays Hacker Ransom for Compromised Student Data
Jan 10 2017 // A California community college has paid a $28,000 ransom after a hacker took student data hostage. The Los Angeles Daily News reported that 1,800 Los Angeles Valley College teachers and staff were locked out of their...
Morrison Mahoney Hires 13 Attorneys in New York
Jan 10 2017 // Morrison Mahoney has hired 13 attorneys, including 5 partners and 8 associates, to the firm’s New York office. The group will be based in New York and provide service across all of Morrison Mahoney’s 10...
How to Help Insureds Manage Customer Privacy Risk
Jan 9 2017 // Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they are increasingly advising businesses to disclose data collection practices while seeking to gain...
How Brokers Can Help SMBs Reduce Cyber Risk
Jan 9 2017 // Only recently, and mostly due to pressure created in the media by high-profile cyber attacks, executives at large companies have a new awareness of cyber risks to business. As a result, companies are spending more to...
U.S. Claims Home-Networking Firm D-Link Poses Hacking Risk
Jan 6 2017 // A U.S. consumer protection watchdog sued a Taiwan-based maker of home-networking equipment over claims that lax security left its products vulnerable to hackers. The Federal Trade Commission alleged that D-Link Corp. and a...
Data Breach: A Wide Coverage Gap for Small Business
Jan 5 2017 // Based on what we see in the trade press, it would appear most large businesses in the U.S. are addressing their exposure to data breaches in some way. But what about the small, Main Street businesses such as those we write...
Taiwan’s $2M ATM Theft Linked to Europe’s ATM Heist: Cyber Security Firm
Jan 5 2017 // The group that orchestrated the theft of over $2 million from cash machines at Taiwan’s First Commercial Bank in July was also behind an ATM hacking spree in more than a dozen European nations last year, according to...
Maryland’s PSA Insurance Hires Volk to Lead Cyber Risk Management Practice
Jan 4 2017 // With cyber attacks at an all-time high, PSA Insurance & Financial Services (PSA), a Baltimore, Md., headquartered independent firm specializing in risk management, personal insurance and employee benefits, has added an...
Bangladesh Police Detail How Insiders May Have Aided Cyber Bank Heist
Dec 30 2016 // A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public...
Security Weaknesses Found at Smartphone-Only, Fintech-Startup N26
Dec 29 2016 // German fintech company N26, which made its name mocking traditional banks, has found itself on the receiving end of criticism after a security researcher proved its smartphone apps exposed users to potential account...
Chubb Expands Cyber Risk Mitigation Offerings
Dec 28 2016 // Chubb has expanded its suite of cyber loss mitigation services for U.S. and Canadian policyholders to reduce the impact and likelihood of a cyber incident. Chubb’s expanded suite of cyber services for loss mitigation...
New York State DFS Issues Updated Proposed Cybersecurity Regulation
Dec 28 2016 // New York State Department of Financial Services (DFS) Superintendent Maria T. Vullo has announced that the DFS has updated its proposed cybersecurity regulation to protect New York State from the ever-growing threat of...
Major Travel Booking Systems Vulnerable to Hackers: Researchers
Dec 28 2016 // Major travel booking systems lack a proper way to authenticate air travelers, making it easy to hack the short code used on many boarding passes to alter flight details or steal sensitive personal data, security...
Top 12 Insurance Trends and News Stories of 2016: Countdown
Dec 27 2016 // In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results...
China Vows Cybersecurity Hard Line, Including Use of Military
Dec 27 2016 // China will use all necessary means to protect its information security, including the use of its military, striking a hard line in the country’s first strategic report on cybersecurity. Zhao Zeliang, director general...
