Emerging Risks/Markets Offer New Opportunities: 2017 Predictions, Part 3 December 21, 2016 By L.S. Howard Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and...
Los Angeles County Email Hack Exposes Data of 750K people December 20, 2016 Officials say a Nigerian national has been charged in connection with a hack of Los Angeles County emails that might...
Yahoo’s Cyber Breach Adds to Age of Hacker Anxiety December 16, 2016 By Michael Liedtke Sunnyvale, Calif.-based Yahoo has become the worst-case example of an unnerving but increasingly common phenomenon – massive hacks that steal...
Turkey’s Akbank Faces Possible $4M Liability After Cyber Attack – But It’s Insured December 16, 2016 By Can Sezer and Birsen Altayli Hackers targeted Turkish lender Akbank in a cyber attack on the SWIFT global money transfer system, the bank said, adding...
SWIFT Official Warns Banks of Escalating, More Sophisticated Cyber Threats December 13, 2016 By Tom Bergin and Jim Finkle Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from...
Some Bangladesh Bank Insiders Helped Hackers Steal $81M: Investigator December 13, 2016 By Ruma Paul Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account...
Bangladesh Investigators Blame Negligence of Bank Insiders for $81M Cyber Heist December 9, 2016 By Serajul Quadir A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at...
Update: Hackers Steal $31M from Russian Central & Commercial Banks December 5, 2016 Hackers stole more than 2 billion roubles ($31 million) from correspondent accounts at the Russian central bank and from accounts...
Task Force Submits Cybersecurity Recommendations to North Dakota Governor December 2, 2016 A state task force on capital cybersecurity has submitted its recommendations to North Dakota Gov. Jack Dalrymple. Topics in the...
Bank of England Beefs Up Cyber Resilience Tests for UK Banks After Tesco Hack December 1, 2016 The recent theft of money from accounts at retailer Tesco’s online banking arm caused the British authorities to enact contingency...