Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Firms Hit by Cyber Attack Could Face Lawsuits over Lax Security: Legal Experts
May 16 2017 // Businesses that failed to update Microsoft Windows-based computer systems that were hit by a massive cyber attack over the weekend could be sued over their lax cyber security, but Microsoft Corp. itself enjoys strong...
Allianz Global Corporate & Specialty Appoints Cyber, Engineering Heads
May 15 2017 // Allianz Global Corporate & Specialty (AGCS) announced personnel appointments within the Cyber and Engineering lines of business. Jenny Soubra has been appointed head of Cyber and Specialty Professional Indemnity (CPI)...
Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack
May 15 2017 // Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber...
Global Cyber Attack Expected to Continue but Malware Spread Slows
May 15 2017 // Governments and companies around the world began to gain the upper hand against the first wave of an unrivaled global cyber attack, even as the assault was poised to continue claiming victims this week. More than 200,000...
Global Cyber Attack Temporarily Disabled by Security Specialist
May 13 2017 // The cyber attack that spread rapidly around the globe was stifled when a security researcher disabled a key mechanism used by the worm to spread, but experts said the hackers were likely to return as many computers remain...
Ransomware Hack of UK Hospitals Part of Global Cyber Attack
May 12 2017 // Extortionist hackers who may be using leaked computer exploits from the U.S. National Security Agency infiltrated computers in dozens of countries in a fast-spreading attack that forced British hospitals to turn away...
Russia-Backed Hackers Suspected in Cyber Attacks of Baltic Energy Networks
May 12 2017 // Suspected Russia-backed hackers have launched exploratory cyber attacks against the energy networks of the Baltic states, sources said, raising security concerns inside the West’s main military alliance,...
Experts Expect Simultaneous Cyber Attacks on Multiple Firms: Survey
May 12 2017 // Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study by American International Group. More than...
Yahoo Fails to Cooperate with Hack Probe, Says German Cyber Agency
May 11 2017 // Germany’s federal cyber agency said on Thursday that Yahoo Inc. had not cooperated with its investigation into a series of hacks that compromised more than one billion of the U.S. company’s email users between...
Aon Names Hogg as Leader of Cyber Solutions, CEO of Stroz Friedberg
May 11 2017 // Aon plc announced that Jason Hogg has joined the firm as leader of Aon Cyber Solutions, responsible for the growth strategy of the firm’s solutions that help clients address and manage cyber risk. He will also serve...
Everest Launches Cyber Protection for Private Equity Firms, Portfolio Companies
May 10 2017 // Everest Insurance has collaborated with cybersecurity firm, Soteria, LLC, and its group of former U.S. government cyber security experts, in conjunction with the launch of its new Elevation Private Equity Insurance...
London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley
May 10 2017 // Nexus Group, the London-based independent specialty managing general agent (MGA), has formed a partnership with Beazley to provide cyber insurance with effect from May 1, 2017. Nexus will underwrite the new line, offering...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
Beazley Offers ‘Seamless’ Financial Lines Cover for Crime, PI & Data Breaches
May 8 2017 // Beazley has unveiled two sets of financial lines’ products for organizations domiciled outside the United States. One is designed for the specific needs of financial institutions and the other provides comprehensive...
Declarations
May 1 2017 // Once Is Enough “We can’t talk a whole lot about the hack itself, because obviously we don’t want this to happen again.” — Sana Syed, spokeswoman for the city of Dallas, speaking about the hack...
Hackers’ Ransom Demands Rise as Victims Keep Paying: Symantec
Apr 27 2017 // Hackers are demanding increasingly hefty ransoms to free computers paralyzed with viruses, as cyber criminals seek to maximize profits from large numbers of victims willing to pay up, according to cyber security firm...
RIMS 2017: Firms Value Cyber Assets Highly Until Time for Insurance
Apr 25 2017 // Despite believing that their plant, property and equipment are now less valuable than their cyber assets, most organization spend four times more on insurance protecting their physical plants, properties and equipment than...
RIMS 2017: Why Cyber Should Be Treated as Standalone Insurance
Apr 24 2017 // Treating cyber risk as a standalone insurance market holds the promise of unlocking the potential for meaningful coverage for both insurers and buyers, according to a new report by JLT Re and JLT Specialty...
New Modeling Product From AIR Worldwide Analyzes Client Cyber Risk
Apr 24 2017 // Catastrophe modeling firm AIR Worldwide has released a new cyber risk modeling application for the insurance and reinsurance markets. ARC (Analytics of Risk from Cyber) is designed to evaluate any commercial policy...
MGA Nirvana Targets Media, Technology & Cyber Risks on Castel Platform
Apr 21 2017 // Nirvana Risk Partners has launched as an underwriting cell on Castel Underwriting Agencies’ MGA formation platform, targeting media, technology and cyber liability risks. Nirvana will underwrite risks for small and...
