Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Beazley Provides Data Breach Response Insurance in Canada
Mar 31 2016 // Beazley announced the launch of the company’s flagship Beazley Breach Response (BBR) product in Canada, which is data breach response insurance that protects the personal data of up to five million individuals per...
Company Passwords for Sale?
Mar 31 2016 // Employees don’t see it as their responsibility to safeguard corporate security processes and one in five would go so far as to sell sell their company’s passwords to an outsider. Of those who would sell their...
Markel International Launches Fintech Business Protection Cover
Mar 31 2016 // Markel International, the London-based specialist insurance subsidiary of Markel Corp., has launched a policy offering comprehensive protection for businesses in the financial technology (fintech) sector, which includes...
Top Exposures Facing Global Middle Market Firms Vary by Region: Assurex Survey
Mar 30 2016 // While all middle market businesses across the world have concerns about cyber risk, few of these firms view it as their biggest exposure, according to a global survey* of 68 leading independent insurance brokers, which...
Hedge Funds Settle Press Release Hacking Claims for $18M
Mar 29 2016 // A Moscow-based hedge fund manager, his investment firms and two Paris-based funds have agreed to pay nearly $18 million to resolve a U.S. regulator’s claims that they engaged in insider trading using hacked press...
Former U.S. Security Specialist’s MGA Ridge Global Tackling Cyber Risks
Mar 23 2016 // It may be surprising to some that a former governor and head of National Security started an insurance company focused on cyber risk, but Tom Ridge, president and CEO of Ridge Global says it shouldn’t...
Chubb Global Cyber Practice Launches Service to Combat Ransomware Attacks
Mar 23 2016 // In response to a 430-percent growth rate in Chubb’s criminal-related cyber losses over the past five years, Chubb’s Global Cyber Risk Practice has launched a service to assist policyholders with ransomware...
Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk
Mar 21 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...
D&O Marketplace Continues to See Softening Rates
Mar 21 2016 // The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing...
HOT Markets: Drones, Cyber and More
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s...
Bangladesh Launches Cyber Heist Probe; Cash Packed into Manila Banker’s Car
Mar 18 2016 // Bangladesh police launched a criminal investigation on Thursday into the cyber theft of $81 million from the central bank’s U.S. account but said it was too early to pinpoint any suspects. The money was transferred...
Vehicles ‘Increasingly Vulnerable’ to Hacking, Warns FBI
Mar 18 2016 // The FBI and U.S. National Highway Traffic Safety Administration (NHTSA) issued a bulletin Thursday warning that motor vehicles are “increasingly vulnerable” to hacking. “The FBI and NHTSA are warning the...
Tech Firms Warn of Growing Cyber Risks: From Medical Devices to Sex Toys
Mar 17 2016 // It’s not just computers and mobile phones that are vulnerable to cyber attack, according to software firm Trend Micro. As more devices are hooked up to the internet, it could be anything from medical equipment to...
IronPro Enhances Cyber, Tech Products in Canada
Mar 17 2016 // IronPro, Ironshore’s financial and professional lines unit, is introducing a suite of enhanced cyber and Technology E&O products customized for the Canadian marketplace. IronPro’s cyber and tech products...
Bangladesh Cyber Bank Heist Prompts Scrutiny of Cyber Security Measures
Mar 16 2016 // A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according to a complaint filed to police that provided new details on the attempted theft of nearly $1...
Bank of England Faces ‘Advanced, Persistent & Evolving’ Cyber Threats
Mar 15 2016 // The Bank of England is frequently faced with cyber threats as hackers probe for vulnerabilities in the central bank’s computer systems. The revelation was made in a response by the U.K. central bank to a Freedom of...
Clermont Specialty Managers to Offer Cyber Coverage Through HSB
Mar 14 2016 // Clermont Specialty Managers, a W.R. Berkley company, is now offering data compromise and Cyber One coverages for their customers through Hartford Steam Boiler, a Munich RE company. The program provides protection for data...
Malware Used to Steal $80M-Plus in Bangladesh Cyber Bank Heist: Officials
Mar 11 2016 // Investigators suspect unknown hackers managed to install malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, how to go about withdrawing money from its U.S. account, two bank...
Florida Hotel Chain Reports Potential Customer Data Breach
Mar 11 2016 // An Orlando-based hotel chain is reporting that some of its guests’ credit card information may have been breached. Rosen Hotels & Resorts Inc. said on its website that malware was installed on its payment card...
Water District in Nevada County Hit With Cyber-Attack
Mar 9 2016 // The Clark County Water Reclamation District in Washington has been hit with a cyber-attack but officials say operations haven’t been disrupted and no customer or employee information was hacked. The agency said in a...
