Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Maryland’s PSA Insurance Hires Volk to Lead Cyber Risk Management Practice
Jan 4 2017 // With cyber attacks at an all-time high, PSA Insurance & Financial Services (PSA), a Baltimore, Md., headquartered independent firm specializing in risk management, personal insurance and employee benefits, has added an...
Bangladesh Police Detail How Insiders May Have Aided Cyber Bank Heist
Dec 30 2016 // A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public...
Security Weaknesses Found at Smartphone-Only, Fintech-Startup N26
Dec 29 2016 // German fintech company N26, which made its name mocking traditional banks, has found itself on the receiving end of criticism after a security researcher proved its smartphone apps exposed users to potential account...
Chubb Expands Cyber Risk Mitigation Offerings
Dec 28 2016 // Chubb has expanded its suite of cyber loss mitigation services for U.S. and Canadian policyholders to reduce the impact and likelihood of a cyber incident. Chubb’s expanded suite of cyber services for loss mitigation...
New York State DFS Issues Updated Proposed Cybersecurity Regulation
Dec 28 2016 // New York State Department of Financial Services (DFS) Superintendent Maria T. Vullo has announced that the DFS has updated its proposed cybersecurity regulation to protect New York State from the ever-growing threat of...
Major Travel Booking Systems Vulnerable to Hackers: Researchers
Dec 28 2016 // Major travel booking systems lack a proper way to authenticate air travelers, making it easy to hack the short code used on many boarding passes to alter flight details or steal sensitive personal data, security...
Top 12 Insurance Trends and News Stories of 2016: Countdown
Dec 27 2016 // In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results...
China Vows Cybersecurity Hard Line, Including Use of Military
Dec 27 2016 // China will use all necessary means to protect its information security, including the use of its military, striking a hard line in the country’s first strategic report on cybersecurity. Zhao Zeliang, director general...
New York Financial Regulator to Delay Cyber Security Rules
Dec 22 2016 // New York’s financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cyber security rules, a person familiar with the matter...
Data Breaches of Internet Giants & Online Services Pose Major 2017 Cyber Threats
Dec 22 2016 // Potential leaks of personal user data collected by internet giants and online services will be one of the major cyber-security threats of 2017, according to computer safety company Kaspersky Lab. “Users have de facto...
Emerging Risks/Markets Offer New Opportunities: 2017 Predictions, Part 3
Dec 21 2016 // Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market knowledge and...
2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2
Dec 20 2016 // Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde &...
Los Angeles County Email Hack Exposes Data of 750K people
Dec 20 2016 // Officials say a Nigerian national has been charged in connection with a hack of Los Angeles County emails that might have exposed personal data from more than 750,000 people who had business with county departments. The...
Cyber Market Hampered by Insurability Challenges: Report
Dec 19 2016 // While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market, according to a new report...
Yahoo’s Cyber Breach Adds to Age of Hacker Anxiety
Dec 16 2016 // Sunnyvale, Calif.-based Yahoo has become the worst-case example of an unnerving but increasingly common phenomenon – massive hacks that steal secrets and other potentially revealing information from our personal digital...
Turkey’s Akbank Faces Possible $4M Liability After Cyber Attack – But It’s Insured
Dec 16 2016 // Hackers targeted Turkish lender Akbank in a cyber attack on the SWIFT global money transfer system, the bank said, adding it faced a liability of up to $4 million from the incident but no customer information was...
Germany’s Cyber Security Watchdog Urges Yahoo Users to Switch Email Providers
Dec 16 2016 // Germany’s cyber security authority, the Federal Office for Information Security (BSI), criticized Yahoo on Thursday for failing to adopt adequate encryption techniques to protect its users’ personal data. The...
Yahoo Warns 2nd Hack Exposed 1 Billion Users in Largest Data Breach in History
Dec 15 2016 // Yahoo Inc. warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history. The number...
California’s Surplus Export List Getting Interest Ahead of Upcoming Hearing
Dec 13 2016 // Ben McKay, executive director of the Surplus Lines Association of California, said his phone has been quite a bit busier lately ahead of a public hearing on Friday on the state’s export list. People in the insurance...
SWIFT Official Warns Banks of Escalating, More Sophisticated Cyber Threats
Dec 13 2016 // Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their...
