Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Testing of EU Banks’ Cyber Defenses Needs Common EU Approach: Official
Feb 28 2017 // European Union countries should test bank defenses against cyber attacks using a common set of requirements, a senior EU official said on Tuesday, as the bloc plans measures to boost the retail market for financial...
A Cyber Mandate Isn’t the Way to Address Cyber-Insurance Takeup
Feb 24 2017 // To improve cyber preparedness and help companies recover from cyberattacks, it’s essential that the takeup rate for cyber insurance continues to rise. The insurance capacity plainly exists to write virtually all of...
Helping Small Insurers Sell Cyber Coverage to Small Businesses
Feb 24 2017 // With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been...
UK Suspect Arrested in Deutsche Telekom Cyber Attack
Feb 24 2017 // British authorities have arrested a suspect in connection with a cyber attack that infected nearly 1 million routers used to access Deutsche Telekom’s internet service, German federal police said on...
8K Louisianans Possibly Impacted by Reinsurance Broker’s Data Breach
Feb 22 2017 // The Louisiana Department of Insurance reported that a reinsurance broker contracted by the Louisiana Health Cooperative (LAHC) has experienced a data breach. As a result, former LAHC policyholder Personally Identifiable...
Cyber Attacks Remain at Top of List of Business Continuity Worries: Survey
Feb 21 2017 // The threat of cyber attacks and political instability resulting from rising populism are among the biggest worries for businesses around the world, according to a study of companies in 79 countries. The number one issue...
New York State Finalizes First-in-Nation Cyber Security Regulation
Feb 17 2017 // New York state announced a final cyber security regulation on Thursday with mandatory standards for banks and insurers to combat the ever-increasing risk of cyber attacks. The regulation, which takes effect March 1,...
Beazley Taps Markel’s Tewfik as Underwriter for UK Tech & Data Breach Team
Feb 17 2017 // Beazley, a specialist in cyber and data breach response insurance, has appointed Michael Tewfik as a technology, media and business services underwriter focused on addressing the data breach and cyber security risks of...
How the Federal Government Could Lead by Example in Cyber Insurance
Feb 16 2017 // The takeup rate of cyber insurance is rising, but the market’s growth to date has been uneven. Anne Hobson, a technology policy fellow at the R Street Institute, may have a solution to that problem. She proposes that...
Ukraine Blames Russian Hackers for Attacks on Power Grid, Financial System
Feb 16 2017 // Ukraine on Wednesday accused Russian hackers of targeting its power grid, financial system and other infrastructure with a new type of virus that attacks industrial processes, the latest in a series of cyber offensives...
Chubb Expands Global Cyber Facility with Multiline Peril Endorsements
Feb 15 2017 // Chubb has launched a suite of multiline cyber peril endorsements for its Global Cyber Facility to helps risk managers address exposure gaps in their insurance portfolio and respond to the concerns of their c-suite and...
Florida School District Hit by Data Breach Affecting 7K Employees Has Cyber Insurance
Feb 15 2017 // Authorities say as many as 7,700 Manatee County school employees are at risk of being victims of a data breach. School officials learned earlier this month that two payroll employees of the school district along...
Ed Announces Series of Appointments and One Departure
Feb 15 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, has announced several appointments over the past few weeks in the areas of international property and casualty, marine and energy, finance, and...
UK Opens National Cyber Security Centre; MGA Sciemus Comments
Feb 15 2017 // The UK’s National Cyber Security Centre (NCSC) was officially launched this week – a government sponsored organization that is focused on improving the UK’s cyber security and cyber resilience. The NCSC will...
Gallagher Launches Manufacturers’ Cyber Solution to Close Coverage Gaps
Feb 9 2017 // Arthur J. Gallagher announced it has responded to the “perfect storm” facing manufacturers – a rising risk of cyber attacks, coupled with increased vulnerability and largely excluded exposures – by...
AXIS Insurance Expands Cyber Team with Arklie and Tillett Appointments
Feb 9 2017 // AXIS Capital Holdings Ltd. announced that Neil Arklie has joined AXIS Insurance as vice president, Financial Lines, and lead underwriter for its London-based international cyber insurance unit. Arklie will lead a team of...
Tesco Bank Hack Still a Mystery – to Frustration of Other UK Lenders
Feb 8 2017 // British banking executives and security experts are growing frustrated at the dearth of information available more than three months after 2.5 million pounds ($3.09 million) was stolen from Tesco Bank in the UK’s...
How Firms Rate on Cyber Readiness and Why Some Don’t Buy Cyber Insurance: Hiscox Report
Feb 7 2017 // A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber-attacks. Fewer than one-third (30 percent) qualify...
Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients
Feb 6 2017 // Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up...
UK Firms Lack Board-Level Digital Skills to Deal with Cyber Attacks: Deloitte
Feb 6 2017 // Only 5 percent of large U.K. companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital threats as serious...
