Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
European Commission to Form Cyber Unit to Fight Growing Online Crime
Jun 23 2021 // The European Commission proposed on Wednesday to pool resources and expertise from the EU’s 27 countries for a joint cyber unit to fight online criminals amid a spate of high-profile hacks in Europe and...
Insuring Cyber Podcast: How Insurtechs Are Helping Insurers Bridge the Digital Divide
Jun 23 2021 // Powered by InsuranceJournal.tv As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how insurtechs can step in and help insurers navigate the ever changing digital...
Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’
Jun 23 2021 // Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime —and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings...
SEC Looking Into Whether Firms Failed to Disclose Effects of SolarWinds Cyber Breach
Jun 22 2021 // The U.S. Securities and Exchange Commission (SEC) has opened a probe into last year’s SolarWinds cyber breach, focusing on whether some companies failed to disclose that they had been affected by the unprecedented...
Vermont Hospital Still Calculating Cost of Ransomware Attack
Jun 21 2021 // Officials at Vermont’s largest hospital are still trying to determine the full financial impact of the cyber attack last October that knocked out computers affecting three hospitals in Vermont and three in New...
7 Major Cyber Insurers Form Company to Coordinate Cyber Analysis, Risk Mitigation
Jun 21 2021 // With cyber attacks and insurance claims on the rise, leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers have formed a company to pool their data and expertise and take...
U.S. Water, Power Cyber Networks Are Shockingly Vulnerable to Hacks
Jun 16 2021 // When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early this year, an intruder lurked in hundreds of computers related to water systems across the U.S. In Portland, Oregon,...
New York City’s 1,000-Lawyer Law Department Targeted by Cyber Attack
Jun 15 2021 // New York City’s law department was been hit with a cyber attack that forced officials to take the 1,000-lawyer agency offline, but Mayor Bill de Blasio said he believes no data was compromised in the hack. “To...
Supreme Court to Weigh LinkedIn’s Use of Anti-Hacking Law to Shield Personal Data
Jun 14 2021 // The U.S. Supreme Court on Monday gave Microsoft Corp.’s LinkedIn Corp. another chance to try to stop rival hiQ Labs Inc. from harvesting personal data from the professional networking platform’s public profiles...
Acrisure Re Launches Cyber Reinsurance Division in Partnership with Kovrr
Jun 14 2021 // Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber Practice Leader Tom Quy, the new division will offer the market a fresh perspective on...
Ransomware Is Key Online Threat Facing UK, Says Cyber Security Chief
Jun 14 2021 // Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing the UK, the country’s cyber security chief will say Monday. Lindy Cameron,...
Video Game Firm Electronic Arts Reports Data Breach
Jun 11 2021 // Electronic Arts Inc. is investigating a recent data breach, where some of its game source code and related tools were stolen, the video game publisher said on Thursday, becoming the latest victim of a spate of cyberattacks...
FBI Chief Wray Warns Cyber-Attacked Firms Not to Pay Ransoms
Jun 11 2021 // Companies and organizations that are victims of ransomware attacks shouldn’t pay hackers to unlock their data and should quickly contact law enforcement, which opens up the possibility of creative solutions, FBI...
Following Pandemic, Cyber Vaccines Needed to Protect Digital Economy: Viewpoint
Jun 11 2021 // A surge in cyber attacks and ransomware hacks since the start of pandemic lockdowns is alarming for a world of finance moving headlong into digital money and remote working longer term. The flipside of the digital...
FBI Working with Iowa College on Data Security Breach
Jun 10 2021 // The FBI is now working with Iowa’s Des Moines Area Community College on a data security breach that has led to days of the school being shut down. The security incident closed the college on Friday and forced it to...
Meat Producer JBS Paid $11M in Ransom to Cyber Attackers
Jun 10 2021 // Meat producer JBS USA paid the equivalent of $11 million in ransom in response to the May 30 criminal hack against its meat plant operations, the company confirmed in a statement released Wednesday. At the time of payment,...
Hackers Only Needed a Single Password to Disrupt Colonial Pipeline, CEO Testifies
Jun 9 2021 // The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month’s cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get into the system...
New Falcon Risk MGA Targets Financial, Cyber With Argo Pro Ex-President Landi as CEO
Jun 8 2021 // Falcon Risk Holdings is the name of a new managing general agency formed by Griffin Highline Capital, HDI Global Specialty SE and Craig Landi, former Argo Pro president who will lead the new entity. Summit, New...
Washington Debates What to Do About Ransomware Payments, Cyber Reporting
Jun 7 2021 // More transparency is needed into what kind of cash payments are made after ransomware attacks, a top Democrat said, following a recent spate of cyber-attacks aimed at U.S. companies. Mark Warner, chairman of the Senate...
Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best
Jun 4 2021 // With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best...
