Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Barbican Strengthens Cyber Cover with Incident Response, Phishing Exercises
Mar 8 2018 // Barbican Insurance Group announced it has further strengthened its cyber insurance cover by providing incident response exercises and phishing simulation as part of the overall package. The guidance will be delivered by...
Uber Sued in Pennsylvania After Data Stolen by Hackers Covered Up
Mar 7 2018 // The ride-hailing company Uber broke Pennsylvania law when it failed to notify potential victims, including thousands of drivers, for a year after it discovered hackers had stolen their personal information, said the state...
WEF Helps Create Fintech Cyber Security Consortium; Members Include Zurich, Citigroup
Mar 7 2018 // The World Economic Forum has led the creation of an industry consortium focused on improving the cyber security of financial technology companies, as collaboration between fintechs and financial institutions grows. The...
SMEs Need to Ready for Cyber Battle: Endeavour’s Loizides
Mar 7 2018 // A classic mistake made by many small and medium sized enterprises is to assume that they are immune from cyber attacks because hackers and fraudsters have bigger fish to fry. As a result, SMEs can be under-prepared in the...
How Cyber FICO Ratings Could Benefit Insurance Underwriting
Mar 7 2018 // Nearly 30 years ago the Fair Isaac Corp. (FICO) first introduced its metric for measuring creditworthiness. Since then, the FICO Score has become a default metric used by countless market participants to facilitate...
Y-Risk Approved as Lloyd’s Coverholder for Cyber, Technology E&O Product
Mar 7 2018 // Y-Risk, LLC, a specialty underwriting management company, has been approved as a Lloyd’s coverholder with authority for cyber and technology E&O insurance on behalf of certain Lloyd’s syndicates. Y-Risk is...
SEC Updates Guidance on Cyber Disclosure by Companies
Mar 5 2018 // The U.S. Securities and Exchange Commission updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including potential weaknesses that have not yet been targeted by...
SMEs Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report
Mar 5 2018 // Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, according to a report published by Allianz Global Corporate & Specialty (AGCS). For...
Equifax Breach Could be Costliest Yet at $439M; Insurance to Cover $125M
Mar 4 2018 // Equifax Inc. said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most costly hack in corporate...
German Government Marshals Defenses Against Powerful Cyber Attack
Mar 2 2018 // Germany’s government was marshaling its defenses on Thursday against a powerful cyber attack that lawmakers said had breached the foreign ministry’s computer network and whose origins officials admitted were...
Agent and Carrier Strategies and the Future of Cyber Insurance
Mar 2 2018 // More than 20 years ago, Steven Haase wrote the first cyber insurance policy. Haase told Insurance Journal the story of how that first policy came about in the first part of this report, What Agent Who Wrote First Cyber...
QBE North America Adds Breach Plan Services to Cyber Policies
Mar 2 2018 // QBE North America has added data breach planning services to all of its cyber policies to provide policyholders a simplified approach to the development of a cyber breach response plan. The company is initially offering...
Massachusetts Tax Data Breach Twice as Large as Originally Thought
Mar 1 2018 // Officials with Massachusetts’ tax collection agency say a data breach that exposed private information from about 39,000 business taxpayers was twice as large as originally thought. The Massachusetts Department of...
UAE-Based Cyber Security Firm DarkMatter Doubles Revenue in 2017 to $400M
Mar 1 2018 // DarkMatter, a three year-old United Arab Emirates-based cyber security firm, has more than doubled revenue last year to over $400 million. The firm, which earns about 80 percent of its revenue from U.A.E. government...
Pool Re Extends Retrocession Program to $2.9B with Cyber Terrorism Now Covered
Mar 1 2018 // Pool Re announced it has renewed its retro program and extended the cover to include material damage and direct business interruption (BI) caused by acts of terrorism “using remote digital interference.” The...
What Agent Who Wrote First Cyber Policy Thinks About Cyber Insurance Now
Mar 1 2018 // It was more than 20 years ago. The Internet as it is known today was in its infancy. Steven Haase was with an insurance agency in Atlanta focused on insuring technology companies. “Around 1995, I saw the...
Georgia Lawmakers Consider Sweeping Georgia Cybercrime Bill
Feb 28 2018 // Lying about your weight on an online dating site? Checking out who won the Falcons game from your work computer? Using your computer hacking knowledge as an “ethical hacker?” Those actions may become illegal if...
Willis Towers Watson Adds Cyber Coverage to Aviation Offering
Feb 28 2018 // Willis Towers Watson has launched Willis Towers Watson Aerospace Cyber Guard, a tailored cyber insurance product for the general aviation industry. Willis Towers Watson Aerospace Cyber Guard was developed in cooperation...
University of Alaska Data Breach Hits Staff, Students
Feb 27 2018 // Officials say a data breach at the University of Alaska has impacted dozens of current and former employees and students. KTVA-TV reported that a university statement says security officials first started looking into the...
Europe Regulator Proposes Hacking, Geo-Awareness Protections for Drones
Feb 26 2018 // Europe’s aviation safety authority has proposed anti-hacking measures and geo-awareness technology for small drones to avoid collisions with aircraft or people, taking an important step toward Europe-wide...
