Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
New Marine Cyber Specialist Astaara Gets Investment from West of England P&I Club
Jun 17 2020 // Astaara, a marine insurance services business, announced it has secured a significant investment from UK marine insurer West of England P&I Club. Astaara is a new company, focused on risk management and loss...
Allianz Global Corporate & Specialty Launches ‘Cyber Protect’ Product for UK Market
Jun 16 2020 // Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK. AGCS, Allianz’s entity for large-scale corporate and specialty risks, released its new Allianz...
Aon’s Seyfried Joins AXIS Cyber Insurance Leadership in U.S.
Jun 16 2020 // Specialty insurer AXIS Insurance reported it has hired Eric Seyfried as Head of Cyber U.S. Open Market. In this new role, Seyfried will help implement the U.S. strategy for AXIS Insurance’s global cyber and...
Aon Expands Cyber Risk Assessment to Address Exposures of Remote Work
Jun 16 2020 // Aon has expanded the scope of CyQu Enterprise, a cyber risk assessment methodology, to help analyze the cyber security impacts of recent network access or policy changes businesses have made to accommodate the increase in...
Amid COVID-19, Cyber Criminals Push Phishing, Ransomware Scams
Jun 16 2020 // There was a 25% spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley’s Breach Response (BBR)...
How Construction Companies Can Make the Most of Technology Advancements
Jun 15 2020 // As one of the oldest industries, construction has been notoriously slow to adopt technological advancements and embrace the digital age. However, in the last decade, many innovative technologies have gained traction in the...
Alabama City to Pay $300K in Bitcoin Ransom in Computer System Hack
Jun 12 2020 // A city in northern Alabama will pay a ransom worth $300,000 in Bitcoins in response to a hack of its computer system. Florence City Council voted unanimously at an emergency meeting Wednesday evening to make the payment...
Edge Computing, Supply Chains, Deepfakes Among 2020’s Top Emerging Risks: Swiss Re
Jun 12 2020 // Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this risk has materialized with the COVID-19 crisis, it is perhaps a good time to take a look at the...
New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks
Jun 12 2020 // A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats Offering risk management, underwriting and analytics, London-based Astaara will work...
Shipbuilder Fincantieri’s Norwegian Unit Hit with Ransomware Attack
Jun 9 2020 // A group of hackers executed a successful attack this week on shipbuilder Fincantieri SpA’s Norwegian unit, an Italy-based representative for the company said, confirming local reports. Servers at the Norwegian unit,...
Kang Joins Allianz From Willis Towers Watson to Head Cyber in North America
Jun 4 2020 // Allianz Global Corporate & Specialty (AGCS) announced that Thomas Kang is joining the insurer as head of Cyber in North America. Kang, an attorney, joins AGCS from Willis Towers Watson, where he served as Global Cyber...
Aon Appoints Rieth as U.S. Practice Leader for E&O/Cyber Broking Team
Jun 1 2020 // Aon announced that Brent Rieth is the new U.S. Practice Leader of the Cyber Solutions Errors and Omissions/Cyber Broking team. Rieth first joined Aon in 2009 as team leader of the E&O/Cyber broking effort for...
Time to Refocus on Cybersecurity
Jun 1 2020 // The country and economy are reopening, albeit slowly and cautiously. However, hackers and other digital bad actors have been busy coming up with new schemes that agencies must confront. Not only that, agencies must now...
Declarations
Jun 1 2020 // Teen Drivers “Anybody who’s gotten a driver’s license that hasn’t taken the test, even though they met the criteria of so many hours on the road and been to driving school, or had your parents...
U.S. Warns Partners, Industrial Firms About Russian Hacking Operation
May 29 2020 // The U.S. National Security Agency on Thursday warned government partners and private companies about a Russian hacking operation that uses a special intrusion technique to target operating systems often used by industrial...
Israel Thwarts Major Cyber Attack Against Its Water Systems
May 29 2020 // Israel’s national cyber chief Thursday officially acknowledged the country had thwarted a major cyber attack last month against its water systems, an assault widely attributed to arch-enemy Iran, calling it a...
AAIS, Berkley Re Solutions Launch Cyber Protection Product for Families
May 28 2020 // AAIS (the American Association of Insurance Services) and Berkley Re Solutions, a Berkley Company (BRS), have launched Family Cyber Protection Solution, a new product designed to protect consumers as cyber threats and...
Former Student Sues Kansas’ Wichita State University over Data Breach
May 27 2020 // A former student at Wichita State University in Kansas has filed a federal lawsuit against the school over a December data breach that exposed the personal information of thousands of current and former students. Michael...
Florida Unemployment System Hit by Data Breach
May 26 2020 // Some Florida residents who have made unemployment claims may have had personal data stolen, officials said Thursday. The Florida Department of Economic Opportunity has notified 98 people who were part of a data breach...
EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks
May 26 2020 // A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday. This would involve...
