Insurance Journal’s Top 10 Cyber Insurance Stories of 2019 January 10, 2020 By Elizabeth Blosfield An A.M. Best report released in June gave a comprehensive look at the state of the cyber insurance market for...
Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube January 9, 2020 By L.S. Howard The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime,...
Beazley and RenaissanceRe Launch Cyber Catastrophe Cover Backed by Capital Markets January 9, 2020 Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber...
Update: U.K.-Based Foreign Exchange Firm, Travelex, Crippled by Ransomware Attack January 8, 2020 By Noor Zainab Hussain and Kirstin Ridley Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said...
Climate Change, Cyber Warfare Risks Are Key London Market Issues for 2020: IUA January 3, 2020 Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in...
Large New Jersey Hospital System Says It Was Hit by Ransomware Attack December 17, 2019 New Jersey’s largest hospital system said Friday that a ransomware attack last week disrupted its computer network and that it...
Court Rules Events After Email Instruction Don’t Erase Claim for Phishing Loss December 12, 2019 By Jim Sams A $1.7 million email phishing fraud that included phone calls with a fake lawyer and an intervention by a Wells...
Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question. December 3, 2019 By Riley Griffin, Katherine Chiglinsky and David Voreacos, Bloomberg By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a...
Pemex Oil Firm ‘Unaffected’ by Cyber Attack, Says Mexican Minister; Workers Disagree November 15, 2019 A cyber attack on computer networks of the Mexican national oil company Pemex is “totally under control” and did not...
Insurer Brit Ltd. Launches E-trading Cyber Portal November 15, 2019 Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and...