Aon cyber News

Insurers Not Quitting on Cyber Even as Risks Mount

It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded for network-monitoring software made by SolarWinds. Potentially significant …

Aon Acquires Canadian Cyber Security Firm Cytelligence

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 training for employees. Aon said the acquisition will help it expand its …

Zurich’s Mulligan to Lead Aon Benfield’s U.S. Cyber Practice Group

Reinsurance intermediary Aon Benfield has appointed Catherine Mulligan as managing director and U.S. Cyber Practice Group leader. Mulligan brings underwriting, policy form and product knowledge to Aon’s cyber capabilities for insurers and will be responsible for driving the team’s growth …

Firms Turn to Kidnap Insurance Policies to Cover Ransomware Losses

Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup losses caused by ransomware viruses such as “WannaCry,” insurers say. Cyber insurance can be expensive to buy and is not …

Former FBI Cyber Leader Trainor Joins Aon Risk Solutions

Aon Risk Solutions announced the appointment of James C. Trainor as senior vice president in its Cyber Solutions Group. Trainor joins Aon after a career at the Federal Bureau of Investigation, where he most recently led the Cyber Division at …