Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Treasury to Look Into Consumer Financial Bureau’s Handling of Equifax Breach
Feb 7 2018 // U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc. after a report that the agency’s...
Bangladesh to File Suit Against Philippines Bank over $81M Cyber Heist
Feb 7 2018 // Bangladesh’s central bank will file a lawsuit against a Philippines bank for its role in one of the world’s biggest cyber-heists two years ago, a deputy governor said on Wednesday. Unidentified hackers stole...
Nearly 75% of Organizations in 5 Countries Fail in Cyber Security Readiness: Hiscox
Feb 7 2018 // Major shortcomings exist in cyber security readiness for nearly three-quarters (73%) of more than 4,100 organizations in five countries, despite keen awareness of the threat, according to a study commissioned by specialist...
U.S. May Move to Regulate Virtual Currencies
Feb 7 2018 // U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange...
Trump’s Consumer Protection Bureau Pulls Back on Equifax Data Breach Probe: Reuters
Feb 5 2018 // Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc. failed to protect the personal data of millions of consumers, according to people familiar with...
Allianz, Aon Offer Cyber Insurance Discounts for Apple, Cisco Customers
Feb 5 2018 // Apple Inc. and Cisco Systems Inc. have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. The...
Cyber Insurance Claims from Fraudulent Instruction Scams Rise: Beazley
Feb 5 2018 // Organizations are being forced to deal with an increased threat to their operations from fraudulent instruction scams, according to specialist insurer Beazley’s most recent Breach Report. According to the insurer,...
Compliance or Opportunity? Understanding Cyber Security in Health and Human Services Sector
Feb 5 2018 // If you live outside of New York State and haven’t heard of the New York State Department of Financial Services 23 NYCRR Part 500 (DFS 500), you should pay very close attention. Earlier this year, New York implemented...
Cyber Risk Ranks as Most Feared BI Trigger for Global Firms: Allianz
Feb 5 2018 // Business interruption (BI) and cyber incidents interlink as the major threat facing companies, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that BI — including...
Filing Deadline Approaching for New York’s Cybersecurity Regulation
Feb 5 2018 // New York Department of Financial Services Superintendent Maria T. Vullo has reminded all regulated entities and licensed persons covered by the Department of Financial Services’s (DFS) cybersecurity regulation that...
Massachusetts Launches Online Data Breach Reporting Portal
Feb 2 2018 // Massachusetts Attorney General Maura Healey has launched a new Data Breach Reporting Online Portal, which businesses and organizations can use to provide notice to the AG’s Office as required by the Massachusetts...
More Hackers Target Red-Hot Cryptocurrency Space: Report
Feb 2 2018 // Bitcoin’s popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cyber security firm...
8 Ways Cyber Threats and Business Security Will Change This Year: Aon’s Predictions
Feb 2 2018 // As cyber attacks increasingly threaten business and grow in volume and scale, companies will be forced to take new measures to address cybersecurity risk holistically, integrating it more aggressively into their enterprise...
Tokio Marine Kiln Taps Jomaa from CFC as Cyber Underwriter
Feb 1 2018 // Tokio Marine Kiln (TMK), the London-based provider of specialist and corporate insurance, has appointed Alex Jomaa as cyber underwriter. He takes up the role immediately and will report to Laila Khudairi, head of...
Timeline: Growing List of Major Cryptocurrency Heists
Feb 1 2018 // The $500 million heist of digital tokens from Japanese exchange Coincheck Inc. on Friday is remarkable for its sheer size, but thefts in the lightly regulated world of cryptocurrencies are woefully frequent. In less than a...
Insurers Begin to Offer Cryptocurrency Theft Cover, Tackling Risks of Growing Sector
Feb 1 2018 // Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing...
International Underwriting Association Calls for EU Registry of Cyber Claims Data
Jan 31 2018 // A more coherent, consistent recording of cyber incidents would help the insurance industry better understand the frequency and cost of cyber claims, according to a report published by the International Underwriting...
The New York DFS Wants Certificates of Compliance for Valentine’s Day
Jan 31 2018 // What were you planning to give the New York Department of Financial Services for Valentine’s Day? Hopefully, a certificate of compliance. It is hard to believe that almost a year has passed since the NYDFS...
School Testing Vendor Data Breach Exposes Info of 663 Mississippi Students
Jan 29 2018 // Mississippi education officials said last week that a recently disclosed data breach by a testing vendor has exposed information from 663 students in Tupelo and Jefferson County. State Superintendent Carey Wright said that...
Hartford Steam Boiler Launches HSB Cyber Suite for Mid-Sized Businesses
Jan 26 2018 // Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced HSB Cyber Suite, a comprehensive cyber insurance coverage designed for small to mid-sized businesses and other...
