Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Colonial Pipeline’s Cyber Insurers Include AXA XL, Beazley
May 13 2021 // Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd’s of London insurers AXA XL and Beazley among the underwriters, three sources told Reuters on Thursday. Colonial Pipeline has begun to restart...
What Cyber Insurers Should Know About the Federal Ransomware Advisories
May 13 2021 // As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber attackers are using, ransomware has continued to steal the spotlight. Ransomware is a...
The Really, Really Big One: The Likelihood of a 1-in-100 Year Cyber Catastrophe
May 12 2021 // Powered by InsuranceJournal.tv More than a year into what some have called a 1-in-100 year pandemic with COVID-19, many may be wondering what other unprecedented events could be on the horizon. For the cyber community,...
Ransomware Attack on Colonial Again Shows U.S. Ignores Warning After Warning
May 11 2021 // The ransomware attack that shut down the nation’s biggest fuel pipeline prompted an all-too familiar question in the corridors of power in Washington and boardrooms across the country: Can anyone stop debilitating...
UK Sees Surge in Cyber Scams Using Bogus Websites in 2020
May 11 2021 // Criminals launched more websites to trick people into giving up data, downloading malware and sending them money during 2020, taking advantage of pandemic lockdown by pretending to be celebrities, shops and government...
Colonial Pipeline Ransomware Attackers Say They Seek Cash, Not Chaos
May 10 2021 // The ransomware gang accused of crippling the leading U.S. fuel pipeline operator said on Monday that it never meant to create havoc, an unusual statement that experts saw as a sign the cybercriminals’ scheme had gone...
Alaska Court System Went Offline in Cybersecurity Incident
May 10 2021 // The chief justice of the Alaska Supreme Court said the court system did not receive a ransom demand or any direct message from those involved in a cybersecurity attack last week that resulted in the system disconnecting...
Insurer AXA to Stop Paying for Ransomware Crime Payments in France
May 9 2021 // In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals. AXA, among...
U.S. Working With Colonial Pipeline to Restore Operations After Cyber Attack
May 9 2021 // The White House was working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from a ransomware attack that forced the company to shut a critical fuel network supplying populous...
Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act
May 6 2021 // Maine is one of the latest states to enact its own version of the National Association of Insurance Commissioners (NAIC) model data security law, signing the Maine Insurance Data Security Act into law on March 17. The NAIC...
Hiscox Q1 Overall Growth Offsets U.S., Cyber Repositionings
May 5 2021 // Hiscox Ltd reported gross written premiums up 6.3% to $1,256.6 million, with growth in Hiscox London Market, Hiscox Europe and direct and partnerships business more than offsetting planned reductions in the U.S. broker...
Cyber Threat Forced Alaska Court System Offline
May 4 2021 // The Alaska Court System was temporarily disconnected most of its operations from the internet after a cybersecurity threat on Saturday, including its website and removing the ability to look up court records. The threat...
As Ransomware Criminals Get More Ruthless, Experts Call for Multi-Pronged Response
Apr 30 2021 // Political hand-wringing in Washington over Russia’s hacking of federal agencies and interference in U.S. politics has mostly overshadowed a worsening digital scourge with a far broader wallop: crippling and...
Officials Say New York School District Hit by Cyber Attack
Apr 28 2021 // An Albany, New York-area school district is investigating a malware attack that forced students in grades 7 through 12 into all-remote learning on Monday, district officials announced. Officials at the Guilderland Central...
Insuring Cyber Podcast: Social Engineering Risks Rising, but Cyber Coverage Still Lacks
Apr 28 2021 // Powered by InsuranceJournal.tv The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one unfortunate result of the switch to remote work is an increase in cyber crime, particularly...
Cyber Attacks and Data Loss Are Top 2 Risks Facing Directors & Officers: WTW Survey
Apr 23 2021 // Cyber attacks and data loss are the top two risks facing directors & officers, with pandemic-related changes in working practices heightening these concerns, according to a global survey from broker Willis Towers...
Hackers Publish Florida School District Files After $40M Ransom Unpaid
Apr 23 2021 // Hackers who sought $40 million in ransom from a South Florida school district that refused to pay have now published nearly 26,000 stolen files. Many of the files, dated from 2012 to March 2021, contain Broward School...
Geico Customer Data Breach May be Part of Unemployment Insurance Scam
Apr 22 2021 // Auto insurer Geico recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment benefits. In a data breach...
How U.S. Plans to Protect Power Grid From Foreign Hackers
Apr 21 2021 // The White House unveiled on Tuesday a 100-day plan intended to protect the U.S. power grid from cyber-attacks, mainly by creating a stronger relationship between U.S. national security agencies and the mostly private...
Chinese Military Reported to Be Behind Japan Cyber Attacks
Apr 21 2021 // China’s military is thought to have instructed a hacker group to conduct cyber attacks on nearly 200 Japanese research institutions and firms, public broadcaster NHK reported, citing unidentified people in a police...
