Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Markets/Coverages: Upland Starts Pro Liability E&O, Excess Cyber
Feb 7 2024 // Upland Capital Group said it has introduced two new liability products to its portfolio: Professional Liability Errors and Omissions as well as Excess Cyber Liability. The professional liability team is led by Kate Walas,...
Pennsylvania Courts’ Cyber Battle With an ‘Unknown Opponent’ Enters Third Day
Feb 7 2024 // Pennsylvania’s court system is in a “virtual battle with an unknown opponent” that attacked and shut down key portions of the courts’ online services last Sunday and then again on Tuesday after they...
Pennsylvania State Courts Dealing With Cyberattack
Feb 6 2024 // Pennsylvania’s court system was hit with a cyberattack on Sunday that shut down access to key online services including those used to file documents with appellate courts and guardianship reports, as well as to view...
EquiLend Restores Some Services After Cybersecurity Incident
Feb 5 2024 // Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week after it suffered an outage due to unauthorized access to its systems. EquiLend, a...
Majority of Underwriters Predict Cyber Risks Grow ‘Greatly’ in 2024: Survey
Feb 5 2024 // Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters...
Cyber Threats Top Global Business Risk Concern for 2024: Allianz
Feb 5 2024 // Cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer. Business interruption ranked second, while...
Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty
Feb 5 2024 // The 5th U.S. Circuit Court of Appeals ruled in mid-January that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer...
Cloudflare Says State-Backed Hackers Tried to Burrow Into its Global Network
Feb 2 2024 // Internet firm Cloudflare said in a statement on Thursday that an advanced group of hackers tried to burrow deep into its global network late last year but were thwarted. The company, which did not identify the hackers,...
Markets/Coverages: Descartes Launches 1st Parametric Cyber Shutdown Cover in France
Feb 2 2024 // Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France. Described as...
People Moves: AXA XL Names Chia Cyber CUO, Americas; Chubb Appoints Gillston Head of North America Industry Practices; Sheckells to Lead Alera HR Team
Feb 1 2024 // AXA XL Names Chia Cyber as Chief Underwriting Officer in the Americas AXA XL named Michelle Chia as chief underwriting officer for cyber in the Americas. Based in New York, Chia assumes her new role on Feb. 12. Chia joins...
Cyberattack Hits Georgia County Where Trump Is Charged
Feb 1 2024 // A cyberattack disrupted the court systems in Fulton County, Georgia, where former President Donald Trump faces a criminal case for allegedly interfering with the 2020 election results. Officials earlier this week were...
Pennsylvania Counties Still Restoring Systems After Cyber Incidents
Feb 1 2024 // Two Pennsylvania county governments — Bucks and Washington— reported some progress this week restoring computer systems and overcoming the effects of cyber incidents. But both still have work to do to return to...
People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber
Feb 1 2024 // This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service...
Louisiana Medical Group to Pay $480K Over Phishing Attack
Jan 31 2024 // The U.S. Department of Health and Human Services (HHS), Office for Civil Rights (OCR), last month announced that Lafourche Medical Group, a Louisiana medical group specializing in emergency medicine, occupational medicine,...
US Disabled Chinese Hacking Network Targeting Critical Infrastructure, Sources Say
Jan 31 2024 // The U.S. government in recent months launched an operation to fight a pervasive Chinese hacking operation that successfully compromised thousands of internet-connected devices, according to two Western security officials...
Cyber Insurance Seeing Influx of Newcomers as Risk Awareness Grows
Jan 31 2024 // Powered by InsuranceJournal.tv Arctic Wolf and Cyber Risk Alliance’s 2023 Cyber Insurance Outlook Report found that while more than 70% of organizations surveyed in the report have a cyber insurance policy, nearly...
Global Ransomware Attacks Reach Record High in 2023, Says Corvus
Jan 31 2024 // Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active ransomware groups grew by 34%. Corvus Insurance recently released its Q4 2023...
Viewpoint: How Corporate Help Desks Became the Weak Spot in Cyber Defenses
Jan 31 2024 // The cyberattack on MGM Resorts in September 2023 provides a vivid example of the effects these types of attacks can have in today’s complex and interconnected IT environments. MGM estimates the incident-related costs...
Microsoft Warns Other Firms of Russian-Sponsored Group in Email Hacking
Jan 30 2024 // Microsoft Corp. said an account that was compromised by Russia-linked hackers, resulting in a hack of some company emails including senior leaders, didn’t have multifactor authentication enabled. The hackers...
Markets/Coverages: Insurtech BOXX Partners With AXA to Offer Cyber Risk Mitigation for Small Businesses
Jan 30 2024 // BOXX Insurance, the Toronto-based cyber insurtech and managing general agent, has announced the launch of a cyber risk mitigation solution in collaboration with AXA, aimed at providing crucial support to small...
