Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Lloyd’s Innovation Awards Go to Aon, Beazley, Cromar, Hiscox, Tokio Marine Kiln
Nov 3 2016 // Lloyd’s of London recently announced the winners of its 2016 Innovation Awards. Beazley, Cromar, Hiscox and Tokio Marine Kiln each picked up awards for innovative products or new ways of working. Aon won most...
Aon Risk Solutions Completes Acquisition of New York-Based Stroz Friedberg
Nov 2 2016 // Aon Risk Solutions, the global risk management business of Aon plc, has completed its acquisition of Stroz Friedberg Inc., a global risk management firm based in New York City. Financial terms were not disclosed. This move...
Corporations Have ‘Alarmingly High’ Failure Rate with Their Cyber Defenses: Accenture
Nov 2 2016 // About one-third of targeted attempts to breach corporations’ cyber defenses succeed but three-quarters of executives remain unaccountably confident in their security strategies, Accenture Plc. reported Wednesday in a...
China’s Controversial Cyber Security Law Progresses Despite Foreign Protests
Nov 1 2016 // A controversial Chinese cyber security law that has sparked protests from foreign governments and business groups neared approval on Monday as parliament held the third reading of the draft bill. The official Xinhua news...
Cyber Insurance Purchasing Slowing After 6 Years of Fast Growth
Nov 1 2016 // The overall upward trend of organizations purchasing cyber insurance continued in 2016, however there are signs the market is slowing after six years of rapid growth. A 2016 Zurich Insurance-Advisen survey shows that over...
UK to Boost Cyber Security Defenses with £1.9B Investment
Nov 1 2016 // Britain will boost its cyber security defenses with a 1.9 billion pound ($2.32 billion) investment due to be announced by Finance Minister Philip Hammond later on Tuesday, a statement from the Treasury said. The new...
Entrepreneur Shuts Startup After U.S. Questions Safety of Self-Driving Kit
Oct 31 2016 // Self-driving cars are getting closer by the day, but they won’t be coming from hacking phenomenon George Hotz. Hotz, the first person to jailbreak an iPhone and a vagabond of the world’s top tech companies, has...
Ransomware Attacks Are Soaring, Says Beazley in Data Breach Report
Oct 26 2016 // Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by specialty insurer...
XL Catlin Introduces Cyber Insurance Endorsements for Specific Industries
Oct 24 2016 // XL Catlin’s Cyber & Technology has unveiled endorsements for financial institutions, healthcare, retailers as well as energy and utility companies that address cyber risks of each industry. “All businesses...
Businesses Advised to Use Multiple DNS Vendors in Wake of PayPal, Twitter Outages
Oct 24 2016 // Companies can reduce the risk from the type of cyber attack that took out major websites on Friday by using multiple vendors for the critical internet service known as a domain name service, or DNS, companies and security...
Former FBI Cyber Leader Trainor Joins Aon Risk Solutions
Oct 24 2016 // Aon Risk Solutions announced the appointment of James C. Trainor as senior vice president in its Cyber Solutions Group. Trainor joins Aon after a career at the Federal Bureau of Investigation, where he most recently led...
Special Report: 6 Cyber Security Trends to Watch in 2017
Oct 24 2016 // As 2016 winds down and the insurance industry begins to adjust its business and marketing strategies for the new year, cyber criminals are doing exactly the same thing – reviewing their successes and failures, attempting...
Dangers in Data Collection: How Much Is Too Much?
Oct 24 2016 // How to Help Insureds Manage Customer Privacy Risk Insurance carriers and agents have come to learn that increased data can lead to greater risk for insureds, and they are increasingly advising businesses to disclose data...
U.S. Seeks Tougher Cybersecurity Standards for Banks
Oct 23 2016 // U.S. bank regulators last Wednesday outlined cyber security standards meant to protect financial markets and consumers from online attacks against the nation’s leading financial firms. Leading banks will be expected...
French Utility Firm Veolia Beefs Up Cyber Security to Protect Water Plants
Oct 19 2016 // Veolia Environnement SA, the French utility that provided drinking water to 100 million people last year, has beefed up cyber security to protect installations from hackers. “Cyber crime is the main threat for the...
9 Top Cyber Attacks Reported by Small Businesses; Most Still Unprotected
Oct 19 2016 // Most small-business owners (78 percent) still don’t have a cyberattack response plan, even though more than half (54 percent) were victim to at least one type of cyberattack. About 60 percent of those who did...
Panel to Study Cyber Security Issues at St. Jude After Heart Device Claims
Oct 18 2016 // Medical-device maker St. Jude Medical Inc. said it plans to set up a medical advisory board focused on cyber security issues affecting patient care and safety. St. Jude said in a statement that the group, known as the...
EPIC Launches Cyber Risk Insurance Platform for Small, Mid-Sized Businesses
Oct 18 2016 // EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, has launched its proprietary Cyber Risk and Insurance Platform tailored to small and mid-sized...
XL Catlin Adds Cyber Insurance For Design Professionals
Oct 14 2016 // To help architectural and engineering firms stave off the financial and reputation consequences of potential cyber incidents, XL Catlin has added cyber insurance as an optional coverage to its professional liability...
Insurance Industry Urged to Weigh Shift to Intangible Risks
Oct 14 2016 // Panelists at a recent New York event hosted yesterday by Lloyd’s, the world’s specialist insurance market, and the American Security Project, a nonpartisan national security think-tank, urged the insurance...
