Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Massachusetts Health Network Hacked; Patient Information Exposed
Nov 2 2021 // A Worcester, Massachusetts, health care network says someone hacked into its employee email system, potentially exposing the personal information of thousands of patients. UMass Memorial Health notified patients earlier...
Business Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report
Nov 1 2021 // During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published by Allianz Global Corporate & Specialty (AGCS). Further, the report noted,...
Top Reasons Insurers Decline Cyber Insurance
Nov 1 2021 // Insurers make money by assuming the business risks of their customers for a fee. They make a profit only if the estimated aggregate cost of the risk for all their customers is less than the aggregate fees for assuming the...
People Moves: Admiral Names Smyrl President; Hartford’s Schultz Moves to Zurich Life Sciences; Roth Heads AXA XL Cyber Claims; Hippo Adds Hiscox’s Hanson
Oct 29 2021 // Smyrl Succeeds Fletcher a President of Admiral Insurance W.R. Berkley Corp. as appointed Daniel Smyrl as president of excess and surplus lines insurer Admiral Insurance Group. He succeeds Curtis E. Fletcher, who has been...
Kemper $17.6M Data Breach Settlement Wins Preliminary Court Approval
Oct 28 2021 // Kemper Insurance has won preliminary approval of its $17.6 million proposal to settle a class action stemming from two data breaches. Judge Martha M. Pacold of the federal court for the Northern District of Illinois on...
EU Cybersecurity Agency Warns of Threat From Hackers-for-Hire
Oct 28 2021 // Hackers-for-hire emerged as the biggest threat to online security in the last 15 months, with the COVID-19 pandemic and home working creating opportunities for cybercriminals, EU cybersecurity agency ENISA said in its...
These Women Are Fighting Cyber Crime and Cybersecurity’s Gender Divide
Oct 27 2021 // Powered by InsuranceJournal.tv Growing ransomware attacks aren’t the only issue concerning the cybersecurity industry today, according to experts on this episode of The Insuring Cyber Podcast. Another concern within...
Hundreds of U.S. Networks Targeted by Russian Cyber Attack, Microsoft Says
Oct 25 2021 // The Russian-based agency behind last year’s massive SolarWinds cyberattack has targeted hundreds more companies and organizations in its latest wave of attacks on U.S.-based computer systems, Microsoft said in a blog...
Missouri Officials: Teacher Information Data Breach to Cost $50M Outline
Oct 22 2021 // Help for roughly 100,000 teachers whose Social Security numbers were made vulnerable in a massive state data breach could cost Missouri as much as $50 million, the governor’s office confirmed. The estimate includes...
Aon and Cybereason Form Alliance to Help Protect Clients From Cyber Attacks
Oct 22 2021 // Insurance broker Aon and cyber security specialist Cybereason announced an alliance to help protect clients from sophisticated cyber attacks. Cybereason’s Cyber Defence Platform, together with Aon’s Cyber...
Governor Hochul Declares October as Cyber Security Awareness Month in New York
Oct 21 2021 // New York Governor Kathy Hochul has proclaimed October 2021 as Cyber Security Awareness Month in New York state. The announcement comes as part of the state’s effort to raise awareness on the importance of all New...
Cowbell Cyber, Palomar E&S Enter Multi-Year Partnership
Oct 21 2021 // Cowbell Cyber, an AI-powered cyber insurance provider for small to medium enterprises, announced a strategic partnership with Palomar Excess & Surplus Insurance Co. to expand its offerings on a non-admitted basis...
‘We Cannot Do This Alone.’ Biden Cyber Crime Fighter Seeks Corporate Help.
Oct 21 2021 // U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals. “We cannot do this alone,” Monaco said on...
Lockton Launches Silent Cyber Property Solution for Businesses
Oct 20 2021 // Lockton, the privately-owned independent insurance broker, has launched its Silent Cyber Property Solution, a standalone policy that covers businesses against property damage and ensuing time element losses resulting from...
Treasury Report Offers Insight Into Surge in Ransomware Activity in 2021
Oct 19 2021 // There was $590 million in suspicious activity related to ransomware in the first six months of 2021, exceeding the entire amount in 2020, when $416 million was reported, according to a report released Friday by the U.S....
Beazley’s Cyber Defense Specialist, Lodestone Security, Opens London Office
Oct 19 2021 // Lodestone Security, a Beazley subsidiary and leader in cyber defense and incident response in the U.S., is expanding its global reach by opening an office in London. Adam Harrison joins the group as managing director of...
Kemper Proposes $17.6M Settlement of Data Breach Claims
Oct 18 2021 // Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an estimated 6.1 million...
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses
Oct 18 2021 // The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and cause capital adequacy ratios for some carriers to deteriorate. A study conducted by...
Toronto Cyber Insurtech Boxx Expands to U.S., Names Itriago as President
Oct 14 2021 // Right after closing its Series A financing round, Boxx Insurance Inc. announced its expansion to the U.S. and its appointment of Hilario Itriago as Boxx USA president. The digital managing general agency promises that its...
Marsh McLennan Launches Cyber Risk Analytics Center
Oct 14 2021 // Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data, analytics and mitigation expertise of its four businesses and other business, government and...
