Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
European Union Institutions Targeted in Major Cyber Attack
Apr 7 2021 // A range of European Union institutions including the European Commission were hit by a significant cyber attack last week. A spokesperson for the commission said that a number of EU bodies “experienced an IT security...
Insurers Beware: Potential Impacts of New York’s Cyber Insurance Risk Framework
Apr 6 2021 // New York remains extremely active in the cybersecurity and data protection arena. During its current legislative session, New York is considering a proposed privacy bill that would greatly enhance consumer privacy rights,...
People Moves: AIG Names BlackRock’s Wade as Digital Chief; Great American Promotes DeSoto; AXIS Adds to Cyber; Cover Genius Adds Execs
Apr 5 2021 // American International Group announced that Claude E. Wade will join the company in the second quarter of 2021 in the newly created role, executive vice president, global head of Operations and Chief Digital Officer,...
CNA Says Email Now Safe As Cyber Attack Recovery Progresses
Apr 5 2021 // CNA Insurance expects its corporate email and other functions to be fully operational soon as it continues its recovery efforts following a March 21 cyber attack. In an April 1 security update, the company said it is now...
NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S.
Apr 5 2021 // The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how...
Homeland Security Chief Prioritizes Disrupting Ransomware in Cyber Efforts
Apr 5 2021 // Department of Homeland Security (DHS) Secretary Alejandro Mayorkas said last Wednesday that dealing with ransomware will be a top priority, highlighting the growing threat of the data-scrambling software. Ransomware...
Florida School District Hit with ‘Bizarre’ $40M Ransomware Demand
Apr 5 2021 // The computer system of one of the nation’s largest school districts was hacked by a criminal gang that encrypted district data and demanded $40 million in ransom or it would erase the files and post students’...
The Insuring Cyber Podcast: Returning to the Early Days of Cyber Coverage
Apr 5 2021 // With the sophistication of cyber attacks, claims growth, and now, a global pandemic driving a number of businesses toward remote work, it’s no question the cyber insurance industry has had to evolve rapidly since its...
Stand Alone, Together: Why SMBs Need Standalone Cyber Cover
Apr 5 2021 // It is well known that small and medium businesses (SMBs) face an ever-increasing risk of cyberattacks. Sixty-three percent of SMBs, surveyed in Fall 2019–prior to COVID-19 lockdowns–reported they had...
Homeland Security Orders Cyber ‘Sprints’ as Part of U.S. Plan Against Hacks
Apr 1 2021 // The U.S. Department of Homeland Security is undertaking a series of “sprints” to enhance American cybersecurity in the wake of major attacks. “I am announcing today a series of 60-day sprints, each...
Insurance Industry Stepping Up as Cyber Risks Mount for High-Net-Worth
Mar 31 2021 // Powered by InsuranceJournal.tv Cyber attacks can strike any individual or business at any time, but on this episode of the Insuring Cyber Podcast, Insurance Journal’s Elizabeth Blosfield spoke with two guests about...
Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack
Mar 29 2021 // CNA Financial Corp.’s financial ratings have not been affected by the insurer’s recent cyber attack. AM Best, S&P Global Ratings and Fitch Ratings all affirmed their current ratings and outlooks for CNA and...
Arizona City’s Computer System Slowly Recovering From Cyberattack
Mar 26 2021 // Officials in Kingman say the city’s computer system is slowly getting back to fully operational after a recent cyberattack. The city also said it has insurance to help with the process. The Feb. 26 attack from an...
Insurer CNA Reports It Has Been Hit by ‘Sophisticated’ Cyber Attack
Mar 24 2021 // Commercial lines insurer CNA reported that it has sustained a “sophisticated cybersecurity attack” that caused a network disruption and impacted certain CNA systems, including corporate email. Upon learning of...
New York Regulator Issues Second Enforcement Action Under Cyber Rules
Mar 23 2021 // The New York Department of Financial Services’ (DFS) second enforcement action to date under its cybersecurity regulation underscores the importance of promptly investigating potential cybersecurity events. It also...
Swiss Cyber Security Firm Says It Accessed Servers of a SolarWinds Hacking Group
Mar 23 2021 // A Swiss cyber-security firm says it has accessed servers used by a hacking group tied to the SolarWinds breach, revealing details about who the attackers targeted and how they carried out their operation. The firm,...
Man Admits Ransomware Plot Against Tesla in Nevada
Mar 22 2021 // A Russian man has pleaded guilty in the U.S. to offering a Tesla employee $1 million to cripple the electric car company’s massive electric battery plant in Nevada with ransomware and steal company secrets for...
Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service
Mar 22 2021 // The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by...
Buffalo Public Schools Hit by Ransomware Attack
Mar 18 2021 // Buffalo Public Schools were forced to cancel remote learning Friday because of a ransomware attack, the district said. The attackers had not made any demands by late Friday afternoon as the FBI and district experts...
Swiss Re Corporate Solutions, Coalition Sign Multiyear Cyber Coverage Agreement
Mar 18 2021 // Swiss Re Corporate Solutions and Coalition, a provider of cyber insurance and security, have signed a multiyear agreement to provide broad cyber insurance and technology errors & omissions insurance to small and...
