Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
How AIG Is Using Cyber Intelligence to Protect Property from Cyber Attacks
Jul 22 2015 // A three-hour shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the U.S. had people across the country thinking one thing: cyber-attack. It wasn’t,...
Staged Hacking Shows Vulnerability of Connected Vehicles
Jul 22 2015 // A pair of veteran cybersecurity researchers have shown they can use the Internet to turn off a car’s engine as it drives, sharply escalating the stakes in the debate about the safety of increasingly connected cars...
CFC Partners With Cyber Security Ratings Firm to Evaluate Insureds’ Cyber Risk
Jul 20 2015 // Specialist lines underwriting agency CFC has formed a partnership with cyber security ratings agency, BitSight Technologies. CFC will use BitSight’s ratings tool to provide insight into the cyber threats that their...
U.S. Power Grid Attack Could Cause $70 Billion in Insurance Losses: Lloyd’s Report
Jul 20 2015 // A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and...
New Regulatory Guidance Affects Insurers, Producers
Jul 20 2015 // detailed illustration of a compass with Cyber Security text, eps10 vector Producers, brokers and insurers are all targeted by cyber attackers looking for personal identifiable information (PII) that can be used to open...
FBI: Global Criminal Hacker Forum Darkode Shut Down
Jul 15 2015 // The U.S. Department of Justice and FBI said today that they along with an international coalition of law enforcers have shut down the underground computer hacking forum known as Darkode and filed criminal charges against...
CFC Launches Cyber Policy for U.S. Healthcare Providers
Jul 14 2015 // Specialist lines underwriting agency, CFC, has extended its cyber product suite with the launch of a new policy developed specifically for U.S. healthcare providers. According to CFC’s Cyber Practice Leader, Vicky...
China’s Draft Cyber Security Law Worries Multinationals, Internet Providers
Jul 9 2015 // China’s parliament has published a draft cyber security law that consolidates Beijing’s control over data, with potentially significant consequences for internet service providers and multinational firms doing...
U.S. Power Grid Attack Could Cause $70 Billion Insurance Losses: Lloyd’s Report
Jul 8 2015 // A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and...
AmWINS Launches New Cyber Liability Product
Jul 7 2015 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, announced today the launch of a new dedicated excess facility designed to meet the rapidly growing demand for cyber liability...
Friday Afternoon Scam Cost Hedge Fund $1.2 Million – and CFO’s Job
Jul 7 2015 // The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge fund’s bank, and...
Data Breach and Suppliers
Jul 6 2015 // With some four-out-of-10 mid-sized businesses having had a cyber breach in the past three years, it’s no wonder that the take up rate for cyber insurance is rising. And it’s expected to jump even further in the...
XL Catlin Expands Data Breach Response Specialists Network
Jun 29 2015 // XL Catlin’s Cyber & Technology insurance business in North America is adding additional computer forensic and legal resources to its network of breach response specialists to help clients respond to breach...
4 of 10 Mid-Sized Firms Have Had Data Breach: Survey
Jun 26 2015 // Forty-three percent of mid-sized businesses say they have experienced a data breach in the past three years and 13 percent have had a supplier’s data breach impact their business information. Also, according to The...
Howden & Insurisx Launch Technology Platform to Help Prevent Cyber Attacks
Jun 25 2015 // Howden, the London-based international broking arm of Hyperion Insurance Group, and cyber insurance technology specialists Insurisx Inc. have launched a technology-based platform, designed to help clients of all sizes...
JLT Specialty, Keeper Security Form Client Data Protection Partnership
Jun 18 2015 // JLT Specialty Insurance Services Inc. (JLT Specialty USA), and Keeper Security, Inc., a password manager and digital vault, have formed a partnership designed to offer clients a tool to protect confidential and private...
Willis North America Adds 5 to FINEX Cyber Unit
Jun 18 2015 // Insurance broker Willis North America announced a series of senior appointments to its FINEX (financial and executive risk) Cyber/Errors and Omissions practice. Adeola Adele has been appointed executive vice president and...
Marsh: Many Firms Fail to Assess Cyber Threats From Business Partners
Jun 16 2015 // Many UK firms are failing to adequately assess their customers and trading partners for cyber risk, and are more vulnerable to cyber attacks themselves as a result, according to a study published by Marsh. Marsh’s...
Data Breach ID’d in North Dakota Workers’ Comp Agency
Jun 15 2015 // A state server containing information from North Dakota’s workers’ compensation agency was breached, but it’s unlikely any personal information was stolen, state officials announced. Mike Ressler, the...
Barbican Underwriter Elected Chair of Lloyd’s Market Association Cyber Group
Jun 15 2015 // Geoff White, underwriting manager for Cyber, Technology and Media at Barbican Insurance Group, has been elected chairman of the Lloyd’s Market Association’s (LMA) newly created Cyber Business Panel. White was...
