Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Trump Hotels Settles with New York Attorney General Over Data Breaches
Sep 26 2016 // Trump International Hotels Management LLC agreed to pay $50,000 to settle with New York State over data breaches that exposed 70,000 credit card numbers and other personal information, New York Attorney General Eric...
Suit Against Yahoo Claims ‘Gross Negligence’ Over Data Breach
Sep 26 2016 // Yahoo Inc. was sued on Friday by a user who accused it of gross negligence over a massive 2014 hacking in which information was stolen from at least 500 million accounts. The lawsuit was filed in the federal court in San...
ArgoGlobal Launches Cyber Division; Heaton Named Cyber Class Underwriter
Sep 26 2016 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the launch of its Cyber division with the appointment of Russell Heaton as cyber class underwriter. He takes up his role with immediate effect and...
Massive Yahoo Breach Happened 2 Years Ago
Sep 23 2016 // Yahoo Inc. said on Thursday that at least 500 million of its accounts were hacked in 2014 by what it believed was a state-sponsored actor, a theft that appeared to be the world’s biggest known cyber breach by...
Ironshore’s IronPro Launches Cyber Crime Product for English & Welsh Solicitors
Sep 23 2016 // IronPro, Ironshore’s financial and professional lines unit, is introducing Ironshore CyberCrime and DataProtect for English and Welsh Solicitors. Paragon International Insurance Brokers, a London-and-Bermuda-based...
Beazley Names Sanchez as International Breach Response Services Manager
Sep 22 2016 // Beazley, the London-based provider of data breach response insurance, has appointed Rafael Sanchez as Beazley Breach Response Services (BBR Services) manager, International, to manage the breach response services provided...
CoverHound Small Business Commercial Suite Goes Live
Sep 21 2016 // Online personal insurance seller CoverHound is adding business insurance offerings— including workers’ compensation and commercial auto— to its online platform at CoverHound.com. The site is starting by focusing...
Hiscox Launches Combined Cyber Risk, Professional Liability Coverage for Hospitals
Sep 19 2016 // Hiscox has combined the services of its healthcare and cyber underwriters to launch Healthcare Threat Protect to coordinate with a hospital’s professional and general liability as well as their growing cyber...
How Competition Brings Out E&S Market’s Creativity
Sep 19 2016 // Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released...
More Businesses Fear Losing Data than Getting Hacked, Survey Shows
Sep 19 2016 // Losing data strikes more fear in businesses than getting hacked. A survey released earlier this month by San Francisco, Calif.-based Wells Fargo Insurance shows 47 percent of mid-sized companies were concerned with losing...
Chubb Expands Cyber Risk Engineering Offerings Into the U.K., Ireland
Sep 16 2016 // Chubb has expanded its cyber risk engineering capabilities in the U.K. and Ireland, as it continues to invest in building its cyber enterprise risk management proposition in the region. Chubb’s U.K. and Ireland...
New York Proposes ‘Flexible’ Cybersecurity Regulation for Insurers, Banks
Sep 15 2016 // The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing...
Lawmakers Call for U.S. Effort to Thwart Vehicle Hacking
Sep 13 2016 // Four Republican members of Congress on Monday urged U.S. auto safety regulators to convene an industry-wide effort to prevent possible attacks on computer systems in vehicles. The lawmakers addressed their concerns in a...
Casualty Losses and Cyber, Crop, Property Demand Driving Reinsurance Growth: Aon
Sep 12 2016 // Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected...
Lawyers Say St. Jude’s Lawsuit Against Short-Seller Faces Steep Climb
Sep 8 2016 // St. Jude Medical will face an uphill battle in its corporate defamation lawsuit over a short-seller’s report that said the medical device company’s heart implants were vulnerable to cyber attacks, lawyers...
Hacker Used Employee Credentials to Breach University of Alaska Data
Sep 8 2016 // University of Alaska officials say someone used an employee’s credentials to hack into a network drive that contained private information like Social Security numbers of more than 5,400 students at the Mat-Su...
St. Jude Files Suit in Minnesota over Heart Device Allegations
Sep 7 2016 // St. Jude Medical Inc. said it had filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd. alleging they intentionally disseminated false and misleading information in order...
More Businesses Fear Losing Data than Getting Hacked, Survey Shows
Sep 7 2016 // Powered by InsuranceJournal.tv Losing data strikes more fear in businesses than getting hacked. A survey released today by San Francisco, Calif.-based Wells Fargo Insurance shows 47 percent of mid-sized companies were...
AIG, Chubb, XL Group Lead in U.S. Cyber Coverage Market Share: Fitch Ratings
Sep 6 2016 // The U.S. property/casualty insurance industry generated $1 billion in direct written premium volume for cyber insurance in 2015. American International Group (AIG), Chubb and XL Group led the market, according to Fitch...
Cyber Insurance in the Wake of PF Chang’s vs Chubb
Sep 6 2016 // Rebuilding Cyber Insurance in the Wake of P.F. Chang’s vs Chubb Ltd. If the cyber insurance landscape seems like a confusing mess, you are not alone. In fact, the recent case of P.F. Changs v. Federal Insurance Co....
