Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
Mar 31 2022 // Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. Following the...
FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat
Mar 30 2022 // Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national...
Triple Threat: Ransomware Criminals Add Data Theft, Manipulation to Encryption Tactics
Mar 30 2022 // Ransomware criminals are adding even more tools to their toolboxes, and companies are finding it harder to stay on top of the trends, according to guests on the most recent episode of The Insuring Cyber Podcast. Jeff...
UK Cyber Agency Warns Organizations About Use of Russian Computer Technology
Mar 30 2022 // Britain’s cybersecurity center on Tuesday said organizations providing services related to Ukraine or critical infrastructure should reconsider the risk associated with using Russian computer technology in their...
Markets/Coverages: Falvey’s Cyber Cover for Cargo; PHLY’s New Commercial Line; CoverEase’s Workers’ Comp; Mile Auto’s Telematics
Mar 28 2022 // Falvey Cargo Underwriting Offers Cyber for Cargo Falvey Cargo Underwriting announced its latest product offering, Cyber for Cargo, to help address broad cyber exclusions that apply to nearly all cargo insurance...
Texas Department of Insurance Reports Data Breach
Mar 25 2022 // The Texas Department of Insurance (TDI) became aware of a security issue on January 4, 2022 with a TDI web application that manages workers’ compensation information. TDI immediately took the application offline,...
British Police Arrest 7 Suspected Members of Lapsus$ Hacking Group
Mar 25 2022 // Police in Britain have arrested seven people following a series of hacks by the Lapsus$ hacking group which targeted major firms including Okta Inc. and Microsoft Corp., City of London Police said on Thursday. San...
Biden’s Russia Cyber Warning Befuddles Ill-Prepared Businesses
Mar 24 2022 // A day after U.S. President Joe Biden issued a stark warning that a Russian cyberattack “is coming,” members of his administration hosted a three-hour call with about 13,000 people representing businesses,...
Teen Suspected by Cyber Researchers of Being Lapsus$ Mastermind
Mar 24 2022 // Cybersecurity researchers investigating a string of hacks against technology companies, including Microsoft Corp. and Nvidia Corp., have traced the attacks to a 16-year-old living at his mother’s house near Oxford,...
Authentication Firm Okta Says Up to 366 Customers Potentially Hit by Hack
Mar 23 2022 // Shares in Okta Inc fell 9% on Wednesday after the U.S. digital authentication firm said hundreds of its customers may have been affected by a security breach involving hacking group Lapsus$. The breach sparked concern as...
Kremlin Dismisses U.S. Warning of Potential Russian Cyber Attacks
Mar 22 2022 // The Kremlin on Tuesday rejected U.S. warnings that it may be preparing to conduct cyber attacks in response to Western sanctions, and said it did not engage in “banditry.” U.S. President Joe Biden on Monday...
EU Proposes Cyber-Security Rules for EU Institutions Amid Rising Cyber Attack Worries
Mar 22 2022 // EU countries should put in place a framework to manage cyber-security risks at EU institutions, the European Commission said on Tuesday, amid concerns about rising cyber attacks that could disrupt key activities and steal...
Biden Sees Risk of Russian Cyberattack on U.S. as Sanctions Bite
Mar 22 2022 // President Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing concern about a possible Kremlin-ordered response to crushing sanctions over the invasion...
Massachusetts Dairy Firm Resumes Plant Operations After Cyber Attack
Mar 21 2022 // Most HP Hood LLC plants are back up and running after the dairy company’s network system was the victim of a “cyber security event,” but some school districts are concerned that they will have a milk...
Zywave Agrees to $11 Million Fund to Settle ITC Data Breach Lawsuit
Mar 21 2022 // Insurance technology provider Zywave has agreed to offer an $11 million fund to settle a class-action lawsuit related to a data breach at a company it acquired in 2020. A proposed class-action suit was filed against...
Ransomware Hackers Used AI Images, Microsoft Flaw in Campaign
Mar 18 2022 // A group of ransomware hackers used a variety of techniques to try breaching hundreds of companies last year, exploiting a vulnerability in Microsoft Corp.’s Windows and using artificial intelligence technology to...
Mosaic Creates Cyber Underwriting Hub in Bermuda
Mar 18 2022 // Mosaic Insurance is building a cyber-security underwriting unit in Bermuda, to align its global business strategy around the fast-growing risk. The specialty insurer has transferred its cyber team underwriter George Cole...
War in Ukraine Renews Questions Around Likelihood, Insurability of Cyber War
Mar 16 2022 // Powered by InsuranceJournal.tv Since Russia launched a full-scale military invasion of Ukraine on February 24, questions have resurfaced about the likelihood of a global cyber war. While experts say there isn’t a...
Experts Confirm Cyber Incidents Up Since Invasion of Ukraine; Insurance Underwriters Adapting
Mar 16 2022 // Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium. “There’s no...
People Moves: IOA Names 6 Regional Execs; DeFelice Heads Aon’s U.S. Construction; Stephens Named Cyber Leader at Allianz
Mar 15 2022 // Insurance Office of America Names 6 Regional Executives Insurance Office of America (IOA) is pleased to announce the appointment of six regional presidents to its leadership team. The appointees to regional president...
