Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Crypto Ransomware Attacks Rise in First Half of 2023: Chainalysis
Jul 18 2023 // Crypto crime fell overall in the first six months of 2023, but the volume of payments to ransomware attackers surged and is on track for its second-biggest annual total on record, blockchain analytics firm Chainalysis said...
Business Leaders Appear Less Concerned by Cyber Risk: Report
Jul 18 2023 // The worldwide impact of cybercrime on business is predicted to balloon to $10.5 trillion by 2025, but boardroom focus on cyber risk appears to be diminishing, according to a Beazley risk and reliance report. “The...
Microsoft Says Chinese Hackers Used Code Flaw to Steal Emails From US Agencies
Jul 17 2023 // Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients. The company said in a blog...
Chinese Hackers Accessed Government Emails, Microsoft Says
Jul 12 2023 // Chinese state-linked hackers since May have secretly accessed email accounts at around 25 organizations, including U.S. government accounts, in a stealthy cyberespionage campaign, Microsoft and U.S. officials said on...
Deutsche Bank, Commerzbank, ING Data Breached in MOVEit Hack
Jul 12 2023 // Deutsche Bank AG, Commerzbank AG and ING Groep NV are among dozens of companies worldwide whose client data were compromised when a criminal hacking group exploited a security flaw in a file transfer tool. The attackers...
Russian Hackers Lured Embassy Workers in Ukraine With Fake Used-Car Advert
Jul 12 2023 // Hackers suspected of working for Russia’s foreign intelligence agency targeted dozens of diplomats at embassies in Ukraine with a fake used car advert in a bid to break into their computers, according to a...
People Moves: Stephens Insurance Names Green SVP, Cyber Risk
Jul 11 2023 // Stephens Insurance announced Mark Green as a senior vice president, focused on cyber risk. Green brings more than 20 years of experience in the insurance industry, most recently with McGriff, Seibels & Williams. Prior...
Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec
Jul 11 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions (E&O) insurance offerings are now available in Quebec. Brokers...
Markets/Coverages: Zurich Launches Cyber for Middle Market
Jul 11 2023 // Zurich North America introduced a cyber insurance offering designed specifically for middle market businesses. The Zurich Cyber Insurance Policy Concierge Suite includes not only cyber Insurance coverage but also...
Suncor Reports Data Breach Affected Petro-Points Members’ Basic Contact Data
Jul 10 2023 // Canadian energy firm Suncor Energy on Thursday [July 6] said that due to a cyber security incident on June 21, unauthorized party obtained Petro-Points members’ basic contact information. “Based on our...
ECB Cyber Stress Test Won’t Deliver Direct Capital Hit to Banks
Jul 10 2023 // The European Central Bank’s cybersecurity stress test next year won’t have a direct impact on capital requirements, limiting the exercise’s potential repercussions for investor payouts. The test will be a...
Ransomware Criminals Are Dumping Kids’ Private Files Online After School Hacks
Jul 7 2023 // The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even...
People Moves: AIG’s Jainchill Joins Lockton as U.S. Cyber & Technology Product Leader
Jul 6 2023 // Lockton Adds Jainchill as U.S. Cyber & Technology Product Leader Lockton in New York, N.Y has hired Chuck Jainchill as its U.S. cyber and technology product leader. Jainchill joins Lockton after 16 years at AIG, where...
Global Cyber Premiums Could Exceed $50B by 2030
Jul 6 2023 // The cyber insurance market potential is huge, with premiums likely to exceed $50 billion by 2030, according to a new report by global insurance broker Howden. With the potential to rival major P&C lines, future growth...
UK Cybersecurity Officials Investigate Data Breach Affecting London Hospitals
Jul 6 2023 // British cybersecurity officials are investigating an alleged cyberattack on a group of hospitals in London that has led to the disclosure of confidential documents online. A gang of Russian-speaking cybercriminals known as...
Ransomware Attack Hits Japan’s Biggest Port, Disrupting Cargo Shipments
Jul 5 2023 // Japan’s biggest maritime port was crippled by an alleged Russian cyberattack, disrupting cargo as operators rushed to prevent a wider delay in shipments. Ransomware — used by hackers to lock access to files or...
Court Says Fear Created by Data Breach Suffices for Class-Action to Proceed
Jul 5 2023 // Former customers of Injured Workers Pharmacy whose personal information was stolen by hackers and allegedly used to file a fake tax return may pursue a class-action lawsuit against the company, a panel of the 1st District...
The Industry Shouldn’t Compete on Cybersecurity
Jul 3 2023 // With cyber risk growing for small businesses, the insurance industry should cooperate on cybersecurity. The National Cybersecurity Alliance reports that small and midsize businesses are “easy targets” for...
Indiana Department of Insurance Launches Site for Reporting Cybersecurity Events
Jun 30 2023 // The Indiana Department of Insurance (IDOI) launched a new online form for insurers and entities to cybersecurity events. The online form can be found on IDOI’s website. “If an insurer and/or other licensed...
University of California Files Lawsuit Against Lloyd’s of London Over Refusal to Reimburse Cyber Insurance Costs
Jun 30 2023 // The Regents of the University of California sued Lloyd’s of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a cyber insurance policy. The dispute is...
