Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Munich Re, Beazley Partner to Provide Enhanced Cover for Large Cyber Risks
Apr 20 2017 // Building on their existing collaboration, Beazley and Munich Re’s Corporate Insurance Partner announced the creation of “Vector,” a partnership that aims “to bring innovation and capacity to the...
Cyber Thieves Hit 1,200 U.S. Hotels in InterContinental Chain
Apr 20 2017 // Global hotel chain InterContinental Hotels Group Plc said 1,200 of its franchised hotels in the United States, including Holiday Inn and Crowne Plaza, were victims of a three-month cyber attack that sought to steal...
Future Tech to Create Lower Claims Frequency, New Threats: Allianz Report
Apr 20 2017 // Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a report published by Allianz...
Hackers Target Japan’s Mobile Gamers to Access Their Employers’ Data
Apr 18 2017 // Gamers beware: hackers offering free virtual trinkets don’t care about your passwords or personal data, but your employer’s most closely guarded secrets. An employee at a Japanese high-tech company learned this...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 17 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest rate decreases, according to a...
Political Risk a Growing Concern, Say Brokers, Insurers
Apr 13 2017 // Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more rapid pace than...
Cyber Losses Testing Insurance Policy Boundaries
Apr 13 2017 // Now that cyber attacks and data breaches have become common, insurers and risk managers are struggling to assign the resulting costs and losses among different types of insurance. On the one hand, there are traditional...
First Steps Under New York’s Cyber Rules: Risk Assessment, Policies, Procedures
Apr 12 2017 // The Cybersecurity Requirements for Financial Services Companies (cyber rules) promulgated by the New York Department of Financial Services went into effect on March 1. Now, insurance companies, agencies, brokerages and...
Cyber Insurance: Many Choices Now That There Is No Choice
Apr 12 2017 // Every organization, of every size and operational orientation, needs cyber insurance to manage its exposures in this age of networked information. That was one thing speakers agreed on at the recent 2017 Cyber Liability...
Cyber Breaches Permanently Hit Share Prices, Especially Financials: Study
Apr 12 2017 // Cyber security breaches erode companies’ share prices permanently, with financials the worst hit, a study issued by IT consultant CGI and Oxford Economics has found. Severe cyber security breaches, such as those...
Travelers Adds Symantec Cybersecurity Services to Cyber Policies
Apr 10 2017 // The Travelers Companies, Inc. is now offering cybersecurity services from Symantec Corp. to eligible Travelers cyber policyholders. Symantec will provide a cyber resilience readiness assessment, cybersecurity awareness...
Hackers Strike Dallas Emergency Siren System
Apr 10 2017 // Hackers struck the sirens Dallas uses to alert residents to take shelter from inclement weather, triggering intermittent false alarms for about an hour and a half until officials deactivated the system early Saturday...
Nevada Governor Wants $3.5M for Cybersecurity Boost
Apr 10 2017 // Gov. Brian Sandoval is asking the Nevada Legislature to spend $3.5 million over the next two years to build up the state’s cybersecurity infrastructure and management. His proposed Office of Cyber Defense...
Willis Towers Watson Launches Cyber Aviation Cover with AIG Collaboration
Apr 10 2017 // Willis Towers Watson has introduced CyFly, an insurance solution specifically tailored to cover cyber exposure affecting the airline industry. The recent Willis Towers Watson Industry Risk Index identified failure of...
New York Sees Its Cyber Rules for Insurers as Model for Other States
Apr 10 2017 // A group of U.S. state insurance regulators should use New York’s sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber events, New...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 7 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. That’s...
UK MGA Plum Launches High Net Worth Home Cyber Cover
Apr 7 2017 // Plum Underwriting, the London-based specialist home insurance managing general agent, announced the launch of cyber and data risks cover embedded within high net worth (HNW) and mid net worth (MNW) home insurance products...
RMS Expands Range of ‘Cyber-Physical’ Models for Property Insurers
Apr 6 2017 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the expansion of its range of cyber models to include a new class of “cyber-physical” models. These include a range of cyber attack...
D&O Liability Insurance Could Feel Effects of New York’s Cyber Regulation
Apr 6 2017 // While the full implications of the New York State Department of Financial Services’ (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, many are...
International, Large-Scale Cyber Attack Uncovered by Cyber Security Watchdogs
Apr 5 2017 // A large-scale cyber attack from a group targeting organizations in Japan, the United States, Sweden and many other European countries through IT services providers has been uncovered, the Swedish computer security watchdog...
