cyber News

PLUS Experts: One of the Biggest Gaps in Cyber is Explaining it to Customers

What’s one of the biggest gaps in cyber? Good communication between the insurance industry and customers, who are in need of more than just products to help protect them from risks in the rapidly changing digital world. That was the …

North Korean Hackers Tried to Steal $1.1B over 4-Year Period: FireEye Report

A North Korean hacking group focused on financial gain for the rogue state has penetrated banks around the world with a series of ongoing attacks, and has tried to steal at least $1.1 billion over the last four years, according …

UK’s Tesco Bank Slapped with $21.4M Fine for ‘Foreseeable’ Cyber Attack in 2016

Britain’s markets watchdog has fined Tesco 16.4 million pounds ($21.4 million) for failing to protect account holders at its bank from a “foreseeable” cyber attack two years ago. The Financial Conduct Authority said that in November 2016 cyber attackers exploited …

Five Key Takeaways from California’s Watershed Privacy Law

California recently enacted a sweeping new privacy law, the California Consumer Privacy Act of 2018, which is likely to have broad implications for organizations providing services to, or collecting data from, California consumers. The CCPA, enacted on June 28, shares …

Travelers Europe Launches Stand-Alone Cyber Product for UK, Ireland Businesses

Travelers Europe announced the availability of Travelers CyberRisk, a new standalone cyber insurance product for organizations of all sizes in the United Kingdom and Ireland. Travelers CyberRisk provides liability and first-party cover for losses from cyber attacks. It also provides …

California’s Data Privacy Law a Concern, Opportunity for Insurance Industry

California is on track to have what will be the nation’s most far-reaching law to give consumers more control over their personal data. The new law may be both a big concern, as well as a new and important opportunity, …

Far-Reaching Data Privacy Bill Approved in California

California will soon have what experts call the nation’s most far-reaching law to give consumers more control over their personal data under a bill the governor has signed. The law will compel companies to tell customers upon request what personal …

Most Global Organizations Fail to Learn from Cyber Mistakes: WTW Survey

A majority of executives around the world feel their organizations can do better when it comes to learning from their past cyber mistakes, according to the results of a global survey conducted by The Economist Intelligence Unit (EIU) and Willis …

XL Catlin Adds Cyber Solution to UK Casualty Insurance Offering

XL Catlin’s insurance operations in the UK announced the extension of its casualty insurance offering to include a cyber solution. The endorsement – which is designed for mid-sized and large companies that don’t require a stand-alone cyber solution – is …

Lawsuit Filed Against Hawaiian Restaurant Chain After Data Breach

Two people have filed a class-action lawsuit against Hawaii restaurant chain Zippy’s. Zippy’s alerted its customers April 27 that it experienced a data breach at all of its 25 restaurant, Napoleon’s Bakery, Kahala Sushi and Pearl City Sushi locations. It …