Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
How Banks Will Recover Funds in $45M Cyber Heist
May 13 2013 // Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts...
$45 Million Global Cyber Bank Theft: Who Pays the Losses?
May 10 2013 // In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S....
Missouri Bill Could Require Data Breach Notification by State Agencies
May 9 2013 // State agencies could be required to notify Missourians if personal data such as concealed gun permits and credit card numbers are accessed by someone who is not authorized to have that information. The proposal comes from...
Homeowners not the Only Line of Coverage Affected by Texas Weather
May 2 2013 // It’s well known that Texas has some of the highest homeowners premiums in the nation — in large part due to the state’s vulnerability to violent weather. It may be less known that Texas has some of the...
Study: Utah Health Breach Could Approach $406M
May 1 2013 // A 2012 security breach that exposed the personal information of 780,000 Utah residents to hackers could cost as much as $406 million, a new study finds. The Salt Lake Tribune reported in the aftermath of the breach, the...
Hartford Steam Boiler Launches Cyber Attack Protection for Small Businesses
Apr 29 2013 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has launched HSB CyberOne, a new cyber risk insurance coverage for small businesses. The new product expands HSB’s suite of products...
The Risks of Insuring the Cloud
Apr 24 2013 // Hollywood would have us believe that some smart, awkward computer guy in his 30s living in his mother’s basement is to blame. Surrounded by a dozen computer screens with an IQ of 150, this cyber character enjoys...
House Passes Cybersecurity Bill Despite Veto Threat
Apr 18 2013 // The House of Representatives passed legislation on Thursday designed to help companies and the government share information on cyber threats, though concerns linger about the amount of protection the bill offers for...
Obama Administration Vows Veto of Cybersecurity Bill Over Privacy Provisions
Apr 17 2013 // The White House on Tuesday threatened to veto a House of Representatives bill aimed at improving U.S. cybersecurity, citing among other things concerns about privacy protections. In a repeat of last year’s events,...
U.S. Business Groups Concerned by Cyber Security Law Aimed at China
Apr 10 2013 // The U.S.-China Business Council on Monday criticized a new U.S. law aimed at thwarting cyber attacks by discouraging the Justice Department and several other government agencies from buying information technology systems...
Congressional Aide McCabe Joins Marsh Cyber Security Practice
Apr 5 2013 // Matt McCabe, a former congressional advisor on cyber security, has joined Marsh’s Network Security and Privacy Practice as a senior vice president. In his new role, McCabe will be responsible for advising Marsh...
14 Keys to Insuring Water-Related Entities
Apr 4 2013 // Water is a precious natural resource entrusted to water entities across the country. These entities include public and private water companies, irrigation companies, conservation districts and more. They face many...
Ascent ‘Ring-Fences’ Cyber Notification Costs to Protect Policy Limits
Apr 3 2013 // Ascent Underwriting, the cyber risks Managing General Agent (MGA) led by Amlin capacity, said it is “to ring-fence cyber breach notification costs separately from its main insurance policy limit to protect small and...
State Intelligence Report Highlights Threats to Texas
Apr 2 2013 // While organized crime is seen as the most significant public safety threat in Texas, drunk driving, natural disasters, terrorism, industrial accidents and cyber security also are among the major threats that keep lawmakers...
Top 10 Hot New Markets
Mar 25 2013 // Insurance Journal examined industries experiencing changes and expansions during the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Number of Companies Buying Cyber Insurance Up by a Third in 2012: Marsh
Mar 25 2013 // More companies are turning to cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a report issued by Marsh. The number of Marsh US clients...
State Auto Introduces Data Compromise Plus
Mar 22 2013 // The State Auto Insurance Cos. have created a new data breach policy called Data Compromise Plus to address this growing coverage need faced by small businesses. Data Compromise Plus automatically includes coverage for...
More Clients Buying, Increasing Cyber Insurance: Marsh
Mar 15 2013 // More companies are buying cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a report by global broker Marsh. The number of Marsh US clients...
U.S. Welcomes China Talks on Cyber Security
Mar 14 2013 // The White House on Wednesday welcomed China’s willingness to hold talks with Washington about cyber security threats, amid growing U.S. concerns about hacking attacks emanating from China. U.S. National Security...
CEOs Urge Federal Government to Go ‘Light’ on Cyber Security
Mar 14 2013 // Corporate leaders from the defense, technology, energy and banking industries told President Barack Obama on Wednesday they agreed cyber attacks were a top security threat but that they were looking for a “light...
