cyber breaches News

Hackers Release More Unaired HBO Episodes: AP Report

Hackers have released more unaired episodes of popular HBO shows but the latest leak did not include anything on the hit series “Game of Thrones,” the Associated Press reported on Sunday. The hackers, who broke into HBO’s computer network and …

HBO Cyber Attack – Latest in Growing Problem for Hollywood

Sony. Netflix. And now, HBO. While the 2014 hacking at Sony Pictures pushed entertainment giants to take computer security more seriously, recent incidents have exposed weaknesses throughout Hollywood’s food chain. Last week, as HBO investigated a cyber attack on its …

Yahoo Fails to Cooperate with Hack Probe, Says German Cyber Agency

Germany’s federal cyber agency said on Thursday that Yahoo Inc. had not cooperated with its investigation into a series of hacks that compromised more than one billion of the U.S. company’s email users between 2013 and 2016. Yahoo’s Dublin-based Europe, …

Political Risk a Growing Concern, Say Brokers, Insurers

Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more rapid pace than he’s …

Cyber Breaches Permanently Hit Share Prices, Especially Financials: Study

Cyber security breaches erode companies’ share prices permanently, with financials the worst hit, a study issued by IT consultant CGI and Oxford Economics has found. Severe cyber security breaches, such as those having legal or regulatory consequences, involve the loss …

New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact

As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to go into effect March 1, may impact mid-sized companies …

Cyber Risk Awareness Rises Among SMEs: Zurich Survey

One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there has been big progress in terms of getting the word out among small and medium-sized businesses. At the same time, …

Agent, Cyber-Educate Yourself — and Your Clients

A recent report showing that cyber insurance premiums will grow globally from $2 billion annually to more than $20 billion over the next 10 years reinforces what most in the insurance industry already know: cyber risks are a big deal …

Survey: Businesses Slow to Boost Cyber Insurance Coverage Despite Risks

While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate cyber insurance coverage, a new survey found. That finding comes from the Association For Financial Professionals’ survey of executives in corporate …