Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
From Pandemic to Cyber War, Clear Policy Wording Is Key for Insurers
Jun 15 2022 // Insurers and insureds alike agree that clear policy wording will be the path forward in dealing with concerns about cyber war in the wake of the Russia-Ukraine conflict. This isn’t the first time in recent history...
Canada Plans to Force Companies to Report Cyber Attacks, Fortify Cyber Systems
Jun 15 2022 // Canadian businesses operating in critical infrastructure sectors would be required to report cyber attacks to the federal government and would have to fortify their cyber systems under a new law introduced on Tuesday. The...
Keeping Up With Demand for Cybersecurity Professionals
Jun 14 2022 // The pressure was on. Someone, somewhere, was attacking computer systems so customers couldn’t reach certain websites. In a windowless room in Denver, Zack Privette had worked all morning with his security team to...
Cybersecurity Groups Push US to Boost Collaboration on Hacks
Jun 8 2022 // Business leaders and cybersecurity experts are pushing the Biden administration to step up efforts to quell big hacks against US companies. In a joint statement June 7, several of the groups said a public-private...
Massachusetts Health Firm Reports Cyber Attack
Jun 8 2022 // A major medical imaging and outpatient surgery firm in Massachusetts has reported a cyber attack that may have compromised the medical data and identity of millions of patients. Shields Health Care Group said it recently...
How Crypto Giant Binance Became a Hub for Hackers, Fraudsters and Drug Traffickers
Jun 7 2022 // BRATISLAVA – In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by...
Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI
Jun 6 2022 // A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business – except for cyber. The cyber insurance market...
How FBI Helped Thwart ‘Despicable’ Cyberattack on Boston Children’s Hospital
Jun 6 2022 // The FBI thwarted a planned cyberattack on a children’s hospital in Boston that was to have been carried out by hackers sponsored by the Iranian government, FBI Director Christopher Wray said last week. Wray told a...
Cyber Hygiene Confidence Low, Again
Jun 6 2022 // Nearly three quarters of global cyber risk decision makers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber risk...
Cyber Insurance Premiums Up 27.5% to Lead All Lines in Q1: CIAB
Jun 6 2022 // According to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could have driven cyber...
Schools and Underwriters Do Their Cyber Security Homework
Jun 6 2022 // Since Remote Classes, $1 Million Ransomware Claims Have Become the Norm The overall number of cyberattacks fell by more than half in 2021 for K-12 schools but the number of ransomware attacks is on the rise. According to a...
Ransomware Attacks Up More Last Year Than In Prior Five Years: Verizon
May 31 2022 // Verizon released its 15th annual report on data breaches last week, finding that ransomware attacks increased by 13 percent in a single year—representing a jump greater than the prior five years combined. The Verizon...
Cyber Insurance Premiums Up 27.5% to Lead All Lines in Q1: CIAB
May 31 2022 // According to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could have driven cyber...
Cyber-Hygiene Confidence Low but Insurance Is Making an Impact: Survey
May 27 2022 // Nearly three quarters of global cyber-risk decision markers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber-risk...
Hackers Breached Some GM Accounts, Accessing Personal Data
May 26 2022 // Hackers compromised some online accounts of General Motors Co. customers in April, potentially accessing addresses, phone numbers and other personal information, according to a data breach notice filed with California...
People Moves: AXA XL Names Benet Global CUO, Succeeding Bewlay; Marsh’s Neild Joins Howden’s UK Cyber Retail Practice; MS Amlin Taps Compre’s Margetts for Strategy
May 25 2022 // This edition of International People Moves details appointments at AXA XL, Howden and MS Amlin. A summary of these new hires follows here. AXA XL Names Benet Global Chief Underwriting Officer, Succeeding Bewlay AXA XL has...
Insurance Technology: MGA Insight Risk Targets Water Damage; Beazley Starts Cyber Incident Response Rooms
May 24 2022 // Insight Risk Targets Builder’s Risk Water Damage Losses Insight Risk, a technology-focused Builder’s Risk managing general agent (MGA), announced it is launching an innovative model designed to reduce water...
Ransomware Attack Exposed Data of More Than 500,000 Chicago Students, Staff
May 24 2022 // The personal information of more than half a million Chicago Public Schools students and staff was compromised in a ransomware attack last December, but the vendor didn’t report it to the district until last month,...
WTW Launches Cyber Coverage for Ports and Terminals
May 24 2022 // Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav. Designed to address the specific cyber threats faced by port and terminal owners and operators, CyNav provides both...
D.C. Sues Zuckerberg Over Cambridge Analytica Data Breach
May 24 2022 // The District of Columbia said it sued Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg for his alleged role in the data breach that allowed political consulting firm Cambridge Analytica to target Facebook users...
