Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Insurance Technology: SiriusPoint Invests in LuckyTruck; Hiscox Offers Real-Time Quotes With RMS Location API; ActZero Security Adds Cyber Coverage From Measured
Dec 15 2021 // Global specialty insurer SiriusPoint said it is investing in LuckyTruck Corp., a digital broker and aggregator specializing in commercial trucking insurance. The two did not disclose the investment amount. LuckyTruck vows...
Insurtech Coalition Forms Captive Insurer to Enhance Cyber Insurance Capacity
Dec 13 2021 // Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its cyber insurance programs. The captive, domiciled in Hawaii, will provide capacity in...
Major Companies Rush to Fix Software Flaw Before Hackers Strike
Dec 13 2021 // Major global companies are facing pressure to fix what experts are calling one of the most serious software flaws in recent memory. The flaw in the Log4j software could allow hackers unfettered access to computer systems...
Rising Insurance Costs Add to Public Finance Sector’s Cyber Pressures
Dec 10 2021 // The growing pace and sophistication of cyberattacks on U.S. public finance entities has led to rising costs and challenges in acquiring robust cyber insurance coverage. Fitch Ratings says public entities are increasingly...
Generali Joins Forces With Accenture and Vodafone to Provide Cyber Insurance Services
Dec 10 2021 // Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and small and medium-sized enterprise (SME) clients. The services include cyber risk...
Google Sues Russians for Alleged ‘Borderless’ Organized Cyber Crime Operation
Dec 9 2021 // Alphabet Inc.’s Google is suing two Russian nationals it claims are part of a criminal enterprise that has silently infiltrated more than a million computers and devices around the world, creating “a modern...
Looking in the Rearview Mirror: Cyber Lessons Learned from 2021
Dec 8 2021 // Powered by InsuranceJournal.tv The year is coming to an end and cyber insurers as well as their clients may be reflecting on lessons learned from this year’s biggest threats. However, Kurt Suhs, founder and CEO of...
Ransomware Operators Expected to Become More Aggressive: Canada Spy Agency
Dec 7 2021 // Global ransomware attacks increased by 151% in the first half of 2021 compared with 2020 and hackers are set to become increasingly aggressive, Canada’s signals intelligence agency said on Monday. The Communications...
Regulator Warns Banks That Ransomware Attacks Are Rising
Dec 7 2021 // A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report issued Monday. The...
U.S. Issues New Cybersecurity Directives for Rail Airport Operators
Dec 6 2021 // The Transportation Security Administration is issuing new directives and recommendations aimed at strengthening the cybersecurity defenses of U.S. rail and airport operators. The Biden administration said the requirements...
Lessons from Ransomware Payments by CNA, JBS and Colonial Pipeline
Dec 6 2021 // In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by...
Brokers Report Cyber Insurers Requiring Security Steps Along With Higher Premiums
Dec 6 2021 // Insurers are continuing to take a hard line on underwriting and pricing cyber coverage. While commercial lines prices overall rose 8.9% in the third quarter, cyber premiums increased 27.6%, according to The Council’s...
Biggest Myths Around Cyber Insurance
Dec 6 2021 // Cyber attacks are continuously evolving, and companies that don’t stay educated about the space could be caught off guard, experts say. “A lot of times, I think cyber has this type of mentality that it’s...
Data Hacked for 400K Planned Parenthood Patients in California
Dec 3 2021 // The Los Angeles branch of Planned Parenthood was hit by a data breach involving about 400,000 patients, but there is no indication that the information was used “for fraudulent purposes,” the group said. A...
Insurance Technology: Chubb Enhances Cyber; Sompo Teams with Praedicat; Willis, CodeEast Eye Product; FMl Adds Home Help
Dec 1 2021 // Chubb Enhances Cyber Risk Service Offerings Chubb has expanded its cyber risk service offerings to further support all commercial clients in reducing exposures and mitigating potential losses. Russ Cohen, vice president,...
MGA CFC Underwriting Launches Tool That Calculates Ransomware Costs
Nov 30 2021 // CFC Underwriting, the specialist managing general agent, has released a new tool designed to help customers understand the potential cost of a ransomware attack to their business. “Ransomware threats are one of the...
How Common Are Ransomware Attacks? Lawmakers Want to Find Out.
Nov 30 2021 // After his local library had to shut down because of a ransomware attack, Indiana state Rep. Mike Karickhoff realized the state didn’t know much about the frequency of such security breaches. Spurred by similar crimes...
Memo Cites Lessons from Ransomware Payments by CNA, JBS and Colonial Pipeline
Nov 29 2021 // In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by...
Two Experts Debunk Some of the Biggest Myths Around Cyber Insurance
Nov 24 2021 // Powered by InsuranceJournal.tv Cyber attacks are continuously evolving, and companies that don’t stay educated about the space could be caught off guard, experts say. “A lot of times, I think cyber has this...
Brokers Report Cyber Insurers Requiring Security Steps Along With Higher Premiums
Nov 23 2021 // Insurers are continuing to take a hard line on underwriting and pricing cyber coverage. While commercial lines prices overall rose 8.9% in the third quarter, cyber premiums increased 27.6%, according to The Council’s...
