Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Federal Energy Regulator Warns on Cyber Attacks on Power Grid
Mar 28 2018 // Hackers increasingly threaten sites in the U.S. ranging from nuclear power plants to water processing systems, according to a member of the Federal Energy Regulatory Commission, adding his voice to warnings from several...
Biggest Scandinavian Bank Lowers Debt Costs for Firms with Strong Cyber Defenses
Mar 28 2018 // Nordea Bank AB will start pricing debt products to reflect threats to data as the scandal engulfing Facebook Inc. redefines corporate risk. Mathias Leijon, co-head of corporate and investment banking at Nordea in...
XL Catlin to Offer Network Modeling, Cyber Risk Scoring Platform Through RedSeal
Mar 28 2018 // XL Catlin and RedSeal have partnered on a new approach to cyber insurance using an objective measurement of a network’s resilience to help underwriters evaluate their clients’ risks over time and help clients...
Cyber Attacks Pose Biggest Threat to Swiss Financial System: Regulator
Mar 27 2018 // Cyber attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog FINMA warned on Tuesday, calling on Switzerland to step up its national defenses against the...
TMK Launches Cyber & Services Cover to Help Combat Evolving Cyber Threat
Mar 27 2018 // Tokio Marine Kiln (TMK), the London-based specialist and corporate insurance business, launched Cyber Ctrl, a new insurance and services policy to protect clients against the impact of cyber attacks. Addressing an...
Atlanta’s Computer Network Hit by Cyber Attack
Mar 26 2018 // City officials worked around the clock Friday to get things up and running again after a ransomware cyberattack that hobbled the city of Atlanta’s computer network last week. The city’s information security...
ISO Says Cyber Insurance Program Now Available in 42 States
Mar 22 2018 // ISO’s cyber insurance program is now available to insurers in 42 states and U.S. territories. The ISO program features advisory loss costs using 17 different rating variables, which the Verisk company says is more...
Deloitte Taps Europol’s Wainwright to Help Run Cyber-Security Practice
Mar 22 2018 // Europol Executive Director Rob Wainwright is leaving the EU intelligence agency he’s led for almost a decade to help run Deloitte LLP’s cyber-security practice, as companies wake up to the growing...
Travel Site Orbitz Reports Data Breach
Mar 21 2018 // Orbitz, a subsidiary of online travel agency Expedia Inc, said on Tuesday that hackers may have accessed personal information from about 880,000 payment cards. The unit said an investigation showed that the breach may have...
Buyers Aren’t Happy With Their Cyber Insurance: J.D. Power
Mar 19 2018 // On any given day, it is hard not to read an article or report on some type of cyber topic. Cyber insurance is one of the key concerns within the insurance industry today and possibly one of the most misunderstood. In late...
Cyber to Top $6.2B in Written Premium by 2020: Verisk
Mar 19 2018 // The total commercial cyber liability market will reach $6.2 billion in written premium by 2020, Verisk predicts in a market analysis titled, Sizing the Standalone Commercial Cyber Insurance Market. Standalone commercial...
U.S. Says Russia Behind Years of ‘Multi-Stage’ Cyber Attacks on Energy Grid
Mar 16 2018 // The Trump administration on Thursday blamed the Russian government for a campaign of cyber attacks stretching back at least two years that targeted the U.S. power grid, marking the first time the United States has publicly...
Flaws in AMD Chips Make Them Vulnerable to Hacks: Israeli Cyber Security Firm
Mar 14 2018 // An Israeli cyber security research firm with six employees on Tuesday said it had found flaws in Advanced Micro Devices microprocessors that made them vulnerable to hacks. AMD said it was investigating the claims, which...
What Cyber Insurance Industry Learned from 2017 Hacks
Mar 13 2018 // The NotPetya, WannaCry and Equifax hacks of last year were evidence that the U.S. insurance industry has been ill-prepared to handle a large cyber attack and needs to up its game. However, as a consequence of the attacks...
Yahoo to Face Lawsuit Over Breach of 3 Billion Users’ Data
Mar 13 2018 // Yahoo has been ordered by a federal judge to face much of a lawsuit in the United States claiming that the personal information of all 3 billion users was compromised in a series of data breaches. In a decision on Friday...
SEC Sides with New York Comptroller in Express Scripts Cyber-Risk Spat
Mar 12 2018 // New York State Comptroller Thomas DiNapoli scored a victory against Express Scripts Holding Co. in his push to force increased disclosures of the firm’s efforts to mitigate cyber risks. The prescription-benefits...
Shepherd Joins Ohio’s Great American Insurance as Sr. VP, Cyber Liability
Mar 9 2018 // Cincinnati, Ohio-based Great American Insurance Group has hired Betty Shepherd as divisional senior vice president of Cyber Liability. She will oversee the company’s cyber initiatives and existing cyber underwriting...
Number, Complexity of Cyber Attacks Rising: Dutch Intelligence Agency
Mar 9 2018 // Attempts at digital espionage and online political manipulation in Europe are on the rise both in number and in complexity, the Netherlands’ main intelligence agency said Tuesday [March 6] in its annual...
Coincheck Will Start Compensating 260,000 Victims of $500M Cryptocurrency Heist
Mar 9 2018 // Coincheck Inc. said it will start compensating users who had their cryptocurrency stolen beginning as soon as next week, as the Japanese exchange seeks to resume more of its operations. All of the 260,000 users impacted by...
Commercial Cyber Liability Market to Reach $6.2B in Written Premium by 2020: Verisk
Mar 8 2018 // The total commercial cyber liability market will reach $6.2 billion in written premium by 2020 after annual growth rates of 20-30 percent, Verisk predicts in a market analysis. “Cyber liability risk is rapidly...
