Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Hot Insurance Markets for 2015
Apr 14 2015 // This year’s “Hot Markets” report for property/casualty insurance agents and brokers includes some not-so-usual suspects along with tried-and-true markets enjoying growth. Insurance Journal examined...
Study Reveals Extent, Nature of Health Data Breaches
Apr 14 2015 // Between 2010 and 2013, there were more than 900 data breaches of protected health information affecting at least 500 individuals, with most of them resulting from overt criminal activity, according to a study in the April...
Most Cyber Attacks Due to Trick Emails, Errors, Not Sophisticated Hacking
Apr 14 2015 // When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack. If hackers are portrayed as well-funded geniuses, victims look less vulnerable,...
Insurance Doesn’t Tackle Underlying Problem of Cyber Crime: Bloomberg View
Apr 13 2015 // Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the same safeguards that protect the guitar-strumming hands of Keith Richards, the...
Nautilus Insurance Enhances Its Cyber Coverage
Apr 10 2015 // Coverage offered as a General Liability sublimit Scottsdale, AZ, April 10, 2015- Nautilus Insurance, which writes on behalf of Nautilus Insurance Company and Great Divide Insurance Company, member companies of W. R....
NYDFS Finds Potential Cybersecurity Vulnerabilities With Banks’ Vendors
Apr 9 2015 // The New York State Department of Financial Services (NYDFS) issued a report Thursday that found significant potential cybersecurity vulnerabilities with banks’ third-party vendors. New York regulators noted that...
Feds Seek Unified Approach with Insurers to Cyber Threats
Apr 9 2015 // The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director Michael McRaith assured...
Surprising Number of Cyber Attacks Aim to Destroy, Not Steal
Apr 7 2015 // Hacking attacks that destroy rather than steal data or that manipulate equipment are far more prevalent than widely believed, according to a survey of critical infrastructure organizations throughout North and South...
Insurance Industry Says Cyber Threat Database Needed
Apr 6 2015 // Cyber insurance is one of the fastest growing property/casualty insurance markets. But the sector remains the Wild West of risk prevention, a fast moving target with rapidly-evolving risk portfolios, along with losses and...
How the ACA, Cyber and Benefits Impact Substance Abuse Treatment Facilities
Apr 6 2015 // The Affordable Care Act (ACA) led to an expansion in healthcare coverage for drug and alcohol addiction treatment in 2014 but that hasn’t led to much growth in the insurance market for this sector — yet....
N.Y. DFS Eyes Insurers’ Cybersecurity, Price Optimization
Apr 6 2015 // New York state regulators recently sent a letter to insurers operating in the state, seeking detailed information on their cybersecurity measures. Benjamin Lawsky, superintendent of the New York Department of Financial...
U.S. Threatens Economic Sanctions Against Cybercrimes, Spying
Apr 2 2015 // President Barack Obama signed an executive order Wednesday allowing the use of economic sanctions for the first time against perpetrators of destructive cyber-attacks and online corporate espionage. That will let the...
New York to Investigate Insurers’ Cybersecurity Work After Hacks
Mar 27 2015 // Insurers doing business in New York State must tell a regulator there about efforts to prevent computer hacking, detailing the precautions taken and the personnel devoted to the task. Benjamin Lawsky, superintendent of the...
Miller Appoints Milner to Help Build Cyber & Technology Book
Mar 26 2015 // Miller, the London-based specialist insurance and reinsurance broker, has hired Simon Milner, in a production and broking role in the cyber and technology area. In a press release, Miller said the appointment underlines...
Shipping Losses Down in 2014 But New Threats Loom: Allianz
Mar 26 2015 // Shipping losses declined to 75 during 2014, a 32 percent drop from the previous year and well below the 10-year loss average of 127, according to Allianz Global Corporate & Specialty SE’s (AGCS) third annual...
Cyber Information Sharing Bill Introduced in House
Mar 24 2015 // Leaders of the House of Representatives Intelligence Committee introduced legislation on Tuesday to make it easier for companies to share information about cybersecurity threats with the government, without the fear of...
UK Report Highlights Role of Insurance in Managing, Mitigating Cyber Risk
Mar 24 2015 // Last year 81 percent of large UK businesses and 60 percent of small companies suffered a cyber security breach. In response to this increasing threat, a report published by the UK government and Marsh, one of the...
Hot Markets for 2015
Mar 23 2015 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Target Agrees to Pay $10 Million to Settle Consumers’ Data Breach Claims
Mar 19 2015 // Target Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents...
Premera Blue Cross in Washington Says Data on 11M Exposed by Hackers
Mar 18 2015 // Mountlake Terrace, Wash.-based Premera Blue Cross, which sells health insurance in the northwestern U.S., said information on 11 million people may have been exposed in a cyberattack uncovered six weeks ago. Hackers may...
