Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Zurich Insurance Partners with Cyber-Security Specialist CYE
Feb 26 2020 // Zurich Insurance Group has created a new offering together with cyber-security company CYE to shield businesses against the growing risks of cyber crime. With the partnership, Zurich’s specialist cyber insurance and...
Websites of Many Kansas Counties May Lack Security Against Hackers: Report
Feb 25 2020 // Many Kansas counties’ websites may be at risk as they lack basic protocols that make it easier for hackers to impersonate websites in order to install malware or trick individuals into giving out their personal...
Britain’s Financial Conduct Regulator Admits Data Breach
Feb 25 2020 // Britain’s Financial Conduct Authority (FCA) has admitted an accidental leak of confidential information, including the names and some contact details of people who had made complaints against the watchdog in 2018 and...
Cyber Insurance Startup At-Bay Plans Expansion After Raising $34 Million
Feb 24 2020 // Cyber Insurance startup At-Bay raised a new $34 million venture capital round, CEO and Co-Founder Rotem Iram disclosed in a recent blog posting. Plans call for the money to be used to grow the managing general...
Russia Blamed for Massive Cyber Attack Against Nation of Georgia in 2019
Feb 21 2020 // Georgia accused Russian military intelligence of organizing a “paralyzing” cyber attack last year and called for a reaction by the international community. Russia’s GRU was behind the...
Homeland Security Reports Ransomware Attack Shut Gas Pipeline Facility for Two Days
Feb 19 2020 // The U.S. Department of Homeland Security has alerted energy and other infrastructure firms to review their cybersecurity after a ransomware attack interrupted a natural gas compression facility. The attack caused the...
UK MGA Node International Names Lefchik as Director, Cyber Risk for North America
Feb 12 2020 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the expansion of Node International’s North American presence with the addition of Matthew Lefchik, who...
H.W. Kaufman Adds Lefchik to Expand Node International in North America
Feb 11 2020 // H.W. Kaufman Group, a global network of companies, has expanded Node International’s North American presence with the addition of Matthew Lefchik. Lefchik joins Node International as director, Cyber Risk Management...
U.S. Charges Four Chinese Military Hackers in Huge Equifax Data Breach in 2017
Feb 11 2020 // The United States has charged four Chinese military hackers in the 2017 breach of the Equifax credit reporting agency that affected nearly 150 million American citizens, Attorney General William Barr said on...
Maryland Cybersecurity Bill Would Set Defense Plan for Local Agencies
Feb 11 2020 // A new Maryland bill would ask the state’s Department of Information Technology to develop a baseline plan for localities within the state to help battle cyber attacks. Senate bill 120, introduced by Sen. Susan Lee,...
Another Federal Circuit Finds Phishing Loss Covered Under Crime Policy
Feb 11 2020 // Companies of all sizes have fallen victim to attacks whereby fraudsters will use deceptive communications, such as spoofed emails, to trick an employee into transferring money into the fraudsters’ control. While...
How Brokers Stay Relevant? Be Nimble With Your Value Props
Feb 10 2020 // Commercial brokers, the future is bright. As you contend with an increasingly automated, digitally-enhanced insurance industry, rest assured your expertise remains valuable for your clients. That is, if you can adapt to...
Germany’s HDI Group Acquires Cyber Specialist Perseus
Feb 6 2020 // The HDI Group has acquired Berlin-based Perseus Technologies GmbH, a start-up that has specialized in the prevention of cyber risks and emergency cyber assistance. The acquisition enables the Hannover-based HDI Group to...
Hospital’s Ransomware Attack Exposes New Risk for Muni-Bond Issuers
Feb 6 2020 // Hackers have finally done what bond issuers may have feared most from cyber criminals. A ransomware attack on Pleasant Valley Hospital in West Virginia was partly responsible for the hospital’s breach of its covenant...
AXA XL Appoints Benet as Global Chief Underwriting Officer for Cyber
Feb 5 2020 // To help manage its cyber risk portfolio worldwide, AXA XL has named Elizabeth Benet to the newly-created role of global chief underwriting officer for Cyber. Benet will help the insurer monitor its cyber risk portfolio and...
Aon Acquires Canadian Cyber Security Firm Cytelligence
Feb 4 2020 // Insurance broker Aon reported it has acquired Cytelligence Inc., a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security...
Judge Finds Ransomware Damage to Computer a ‘Direct Physical Loss’
Jan 30 2020 // State Auto Property and Casualty Insurance Co. is liable for the cost of replacing a computer server that was damaged and perhaps permanently compromised by a ransomware attack despite the carrier’s argument that the...
European Insurers Balk at EU Raising Capital Requirements Due to Cyber, Climate Risks
Jan 30 2020 // Insurers in Europe may need to put aside money to protect their policyholders should they become insolvent, and regulators should be able to be shut them down swiftly without the need for taxpayer bailouts, a top EU...
Travelex’s UK Money Transfer and Wire Services Operational After Ransomware Attack
Jan 29 2020 // Travelex’s UK international money transfer service and wire offering is fully operational again, it said on Tuesday, almost a month after a crippling ransomware attack forced staff to use pen and paper to calculate...
Cyber Attacks in Europe, Middle East Could Be Work of Turkey-Sponsored Hackers
Jan 27 2020 // Sweeping cyber attacks targeting governments and other organizations in Europe and the Middle East are believed to be the work of hackers acting in the interests of the Turkish government, three senior Western security...
