Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Banks, Financial Industry Hit by Rising Ransomware Attacks
Mar 24 2023 // Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group. In its annual...
Insurer Spots Cybersecurity Weakness With Model Simulating Catastrophic Attacks
Mar 22 2023 // Coalition Inc., a cyber-insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help insurers identify potential weaknesses in their portfolios and prevent...
Australian Lender Latitude’s Shares Slump After Hack Details Emerge
Mar 22 2023 // Latitude Group Holdings Ltd. shares slumped as trading resumed for the Australian personal lender that disclosed details of a hack almost a week ago. The stock lost 16% as of 11:40 a.m. in Sydney trading. Hackers stole...
Ferrari Says Ransomware Attack Exposed Clients’ Names, Email Addresses
Mar 21 2023 // Ferrari NV said it was hit by a ransomware attack that exposed information on the Italian sports car maker’s customers. “Certain data relating to our clients was exposed, including names, addresses, email...
People Moves: Tokio Marine Boosts UK Trade Credit Division With Underwriting Hires From Atradius, Coface; BHSI Promotes Ruddlesdin to Head of PI & Cyber in London
Mar 20 2023 // This edition of International People Moves details appointments at Tokio Marine and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Tokio Marine Hires Underwriters from Atradius,...
From Construction Costs to Cyber Crime, Educational Organizations Face Multiple Insurance Challenges
Mar 20 2023 // As the costs and consequences of education escalate, educational institutions at all levels face a rapidly growing slate of property and liability risks, including increasing sports liabilities and coverage for...
Don’t Get Too Comfortable — The Cyber Rollercoaster Ride Isn’t Over: PLUS Conference
Mar 20 2023 // Jeremy Gittler, practice leader and head of Cyber Americas at AXA XL, thinks of the cyber insurance industry as a rollercoaster. He says that after several years of turbulence with the advent of more sophisticated...
Changing Cyber Landscape Poses Challenges For Health-Care Market
Mar 20 2023 // If you’ve sold a cyber liability insurance policy lately, you know how quickly the market has evolved. Policies that were once inexpensive and universally available are now high-priced and hard to find. Just a few...
Microsoft Warns Russian Hackers May Plan More Attacks, Inside and Outside of Ukraine
Mar 17 2023 // Microsoft Corp. warned an infamous hacking group that is tied to Russia’s military intelligence agency GRU could be gearing up for more ransomware attacks both inside and outside of Ukraine. Microsoft calls the group...
Intangic MGA Launches Cyber Parametric Policy With Backing From AXA XL
Mar 16 2023 // Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in the UK. The company is...
Australia’s Latitude Group and IPH Hit by Cyber Attacks, Continuing Wave of Hacks
Mar 16 2023 // Digital payments firm Latitude Group Holdings and intellectual property services provider IPH Ltd. reported data breaches on Thursday, joining a host of other Australian firms targeted by hackers in recent months. Some of...
Wall Street Regulator Unveils New Hacking, Data and Market Resiliency Rules
Mar 15 2023 // The top U.S. markets regulator announced a package of proposed policies on Wednesday designed to harden the financial system against hacking, data theft and systems failure. At the start of a public meeting, the Securities...
UK’s National Cyber Security Centre Reviewing TikTok Risks: Minister
Mar 15 2023 // Britain’s National Cyber Security Centre is reviewing whether Chinese-owned video app TikTok should be banned from government phones, security minister Tom Tugendhat said on Tuesday. TikTok has come under increasing...
China Is ‘Big Threat’ to Energy Industry, Cybersecurity Official Says
Mar 13 2023 // The US energy industry must shore up protection against cyberattacks from China, a more pressing concern than attacks from Russia amid its war on Ukraine, according to a senior government cybersecurity official. “The...
Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market
Mar 13 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage. By...
European Central Bank to Test Cyber Resilience of Banks
Mar 10 2023 // The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise in cyberattacks, including after Russia’s invasion of Ukraine, ECB supervisory chief Andrea Enria...
TSA Adds New Cybersecurity Regulations to Address Persistent Threats
Mar 9 2023 // The Transportation Security Administration (TSA) on Tuesday issued new cybersecurity requirements for airports and aircraft operators as part of an “emergency action” to address persistent threats to the...
Significant Hack Potentially Exposes US Lawmakers’ Personal Data
Mar 9 2023 // A serious breach at a healthcare administrator serving the U.S. House of Representatives has potentially exposed the personal data of hundreds of lawmakers and their staff, top representatives and a senior Congressional...
The Hack That Upended Derivatives Trading Spurs Calls for Action
Mar 8 2023 // A cyberattack that disrupted derivatives trading in January is prompting calls for more oversight to combat the risk of hacks across financial markets. The top US derivatives regulator wants to update standards and...
Biden’s Cyber Plan Would Hold Software Makers Responsible in Hacks
Mar 7 2023 // The Biden administration is set to release an aggressive new national cybersecurity strategy on Thursday that seeks to shift the blame from companies that get hacked to software manufacturers and device makers, putting it...
