data breaches News

Malaysia, Australia Investigate Massive Commercial, Governmental Data Breaches

Malaysia is investigating the theft of mobile-phone records for 46.2 million customers, while an online security lapse in Australia exposed personal details of almost 50,000 employees. The Malaysian government is working with carriers and police to investigate the issue and …

British Financial Regulator Investigates Equifax Hacking of UK Customer Data

Britain’s markets watchdog said it has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000 UK citizens. “The Financial Conduct Authority announces today that it is investigating the circumstances surrounding a cyber security …

Beazley to Manage Data Breaches for Generali Brazil’s Cyber Insurance Clients

Beazley, a specialist in data breach response insurance, has partnered with Generali Brazil to manage data breaches for Generali’s corporate and commercial cyber insurance customers. Beazley will coordinate the breach response for policyholders, including IT experts, legal services, identity monitoring, …

Deloitte Targeted by Hackers Accessing Data From Internal Email Platform

Following record results that flagged the growth of its cyber security business, Deloitte LLP has revealed that it has been successfully targeted by a cyber attack that let hackers access data from an internal email platform. The auditing and consulting …

NotPetya Cyber Attack Cost World’s Biggest Container Shipping Line up to $300M

The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk said Wednesday. The Copenhagen-based group, which was …

Canada’s Economical Offers Cyber Cover for Business Losses After Data Breaches

Economical Insurance has launched cyber coverage that is available to commercial policies to support Canadian businesses in the event of a data breach. Called “EXPERT Cyber,” the Economical product provides response services and coverage for both first- and third-party losses …

XL Catlin Offers Cyber & Data Protection Policy in Asia Pacific

XL Catlin announced it has launched its Cyber and Data Protection insurance policy in Asia Pacific. With cyber risk ranking in the top 10 in today’s emerging risks, the new policy is designed to protect businesses from the increasing exposures …

Italy’s UniCredit Reveals Massive Data Breach Involving 400,000 Bank Accounts

UniCredit SpA said hackers accessed about 400,000 client bank accounts in Italy, taking biographical and loan data in one of the biggest breaches in Europe to date. The breaches occurred in September and October of 2016 and June to July …

Looming EU Cyber Rules to Provide ‘Shot in Arm’ for Cyber Market: A.M. Best

The European Union’s looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive fines for failure to comply. That’s the bad news. The good news is that the GDPR, to be rolled out …

Hackers Target Canada Miners, Casinos, Demanding Bitcoin Ransoms: FireEye

The same hacker targeting Canadian casinos and mining companies for extortion since 2013 is planning more attacks, researchers at cyber security company FireEye Inc said in a report on Friday. FireEye said it believes that a single hacker or hacking …