Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Cyber Insurance Seeing Influx of Newcomers as Risk Awareness Grows
Jan 31 2024 // Powered by InsuranceJournal.tv Arctic Wolf and Cyber Risk Alliance’s 2023 Cyber Insurance Outlook Report found that while more than 70% of organizations surveyed in the report have a cyber insurance policy, nearly...
Global Ransomware Attacks Reach Record High in 2023, Says Corvus
Jan 31 2024 // Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active ransomware groups grew by 34%. Corvus Insurance recently released its Q4 2023...
Viewpoint: How Corporate Help Desks Became the Weak Spot in Cyber Defenses
Jan 31 2024 // The cyberattack on MGM Resorts in September 2023 provides a vivid example of the effects these types of attacks can have in today’s complex and interconnected IT environments. MGM estimates the incident-related costs...
Microsoft Warns Other Firms of Russian-Sponsored Group in Email Hacking
Jan 30 2024 // Microsoft Corp. said an account that was compromised by Russia-linked hackers, resulting in a hack of some company emails including senior leaders, didn’t have multifactor authentication enabled. The hackers...
Markets/Coverages: Insurtech BOXX Partners With AXA to Offer Cyber Risk Mitigation for Small Businesses
Jan 30 2024 // BOXX Insurance, the Toronto-based cyber insurtech and managing general agent, has announced the launch of a cyber risk mitigation solution in collaboration with AXA, aimed at providing crucial support to small...
Insurtech Resilience Expands Cyber Risk Management to Clients of $10B in Revenue
Jan 30 2024 // San Francisco, California-based Resilience expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The company reported that its expanded authorities come after a...
Markets/Coverages: New WTW Cyber Solution for SMEs With Revenue Under $50M
Jan 29 2024 // Broker WTW said it has launched a cyber solution specifically for business with annual revenue under $50 million, including startups and pre-revenue accounts. This tailored solution for small- and medium-sized enterprises...
Hacking Allegations Expose E-Prescription System Cyber Risk
Jan 29 2024 // Scammers hacked into doctors’ electronic prescribing accounts, wrote tens of thousands of bogus orders for addictive drugs, then had runners pick them up from pharmacies in multiple states so they could be illegally...
North Korean-Linked Hackers Are Targeting Crypto Platforms More But Stealing Less
Jan 29 2024 // The number of North Korean-linked hacks of cryptocurrency platforms rose to a record high in 2023, though the actual amount of funds stolen dropped around 40%, a report Wednesday from blockchain analysis firm Chainalysis...
HP Enterprise Discloses Hack by Suspected State-Backed Russian Hackers
Jan 29 2024 // Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees. The provider of information...
Pennsylvania Counties Dealing With Cyber Incidents
Jan 26 2024 // Pennsylvania’s Bucks County reported that it is continuing to investigate a cybersecurity incident that caused an extended outage of the Emergency Communications’ Department’s computer-aided dispatch...
Several Ukrainian State-Run Bodies Report ‘Large-Scale’ Cyber Attacks
Jan 26 2024 // Several major Ukrainian state organizations on Thursday reported cyber attacks on their systems, in the latest wave that a source close to the government blamed on Russian intelligence. Ukraine’s state-run energy...
Wall Street Stock-Lending Platform Crashes in Ransomware Attack
Jan 25 2024 // The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial-technology firm that processes trillions of dollars of securities-lending transactions...
SEC Blames ‘SIM Swapping’ for its X Account Hack
Jan 23 2024 // Wall Street’s top regulator was the victim of “SIM swapping,” a technique internet fraudsters use to seize control of telephone lines, when its account on the social media platform X, formerly known as...
Massachusetts Hospital Faces Class Action Over Christmas Cyber Attack
Jan 23 2024 // A Massachusetts hospital that suffered a cyber attack in December has been hit with a class action lawsuit for its alleged failure to secure patients’ personal information. Anna Jaques Hospital in Newburyport...
Australia Imposes Sanctions on Russian Citizen Over Hack of Insurer Medibank
Jan 23 2024 // Australia imposed cybersecurity sanctions for the first time on a Russian hacker over his role in the breach of healthcare insurer Medibank Private Ltd. that exposed the sensitive private data of millions of...
Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty
Jan 23 2024 // The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure. An...
Vans, Dickies Owner VF Corp: Data of 35.5M Consumers Stolen in Recent Cyberattack
Jan 23 2024 // Apparel and footwear company VF Corp. disclosed last week that the personal data of about 35.5 million consumers were stolen as part of a December 2023 cyberattack. According to a Jan. 18 filing with the U.S. Securities...
Microsoft Says Russia-Linked Group Hacked Employee Emails
Jan 22 2024 // Microsoft Corp. said a Russian-linked hacking group attacked its corporate systems, getting into a “small number” of email accounts, including those of senior leadership and employees who work in cybersecurity...
Envelop Risk Launches Cyber Reinsurance Lloyd’s Vehicle With Managing Agent Apollo
Jan 22 2024 // Envelop Risk, the data-driven cyber re/insurance and analytics specialist, announced the launch of Envelop SPA 1925, a dedicated cyber reinsurance special purpose arrangement (SPA) at Lloyd’s, in partnership with...
