Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Information-Heavy Healthcare a Huge Target for Cyber Crime
Jul 11 2016 // Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in healthcare privacy. Lynn Sessions, a...
Tech Talk: Digital Dinosaurs and Insurance Competency
Jul 11 2016 // I have had agents tell me they have lost clients because of their “digital deficiencies,” which can include outdated websites and email systems and the lack of mobile capabilities. The exact mix of factors...
Top Risks Facing Executives in Natural Resources Industry
Jul 6 2016 // Natural resource industry executives say operating in more technically challenging physical environments is the leading risk to their business, followed by currency and interest rate fluctuations and cybersecurity. The new...
Cooper Gay Appoints Hacker as Group Chief Innovation Officer
Jun 30 2016 // Cooper Gay, the global reinsurance, wholesale and specialty broker, announced the appointment of Peter Hacker as group chief innovation officer. He takes up his role with immediate effect reporting to Steve Hearn, group...
Religious Extremists, ‘Lone Wolf’ Attacks Changing Political Risk Landscape
Jun 30 2016 // In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists. Christof...
RLI Launches Cyber Liability Insurance for Medium, Large-Sized Firms
Jun 29 2016 // RLI Insurance Company’s RLI Executive Products Group has launched a new cyber liability insurance product. RLI’s cyber liability insurance offers both first and third party coverage options to protect...
Ironshore’s Pembroke Agency Adds Cyber Coverage to Financial Institution Crime Policies
Jun 28 2016 // Ironshore’s Pembroke Managing Agency Limited has updated its Financial Institutions Crime program to include cyber fraud and cyber extortion. Pembroke’s crime coverage for Financial Institutions indemnifies a...
China Close to Adopting Controversial Cyber Security Rules
Jun 27 2016 // China moved closer on Monday to adopting a controversial cyber security law, after parliament held a second reading of the draft rules, which carry significant consequences for domestic and foreign business and threaten...
Data Theft by Employees Affects 69% of Businesses: Accenture Survey
Jun 27 2016 // As businesses spend billions of dollars a year trying to protect their data from hacking that’s costing trillions, they face another threat closer to home: data theft by their own employees. That’s one of the...
Zurich Offers Post Cyber Attack Response Service in APAC
Jun 23 2016 // Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford &...
Bank Selling Hiscox Cyber Insurance to Its Business Customers
Jun 22 2016 // Los Angeles-based Grandpoint Bank is now selling cyber insurance policies to its business customers to provide coverage for wire-transfer and cyber fraud. Grandpoint, which does business in California, Arizona and...
Russian Cyberthief Pleads Guilty in $1.6M Heist of Broadway, Yankee Tickets
Jun 22 2016 // A Russian ringleader of a group that fraudulently bought some of the hottest tickets in music, sports and theater by sneaking into StubHub users’ accounts pleaded guilty this week in a scheme involving over $1...
Aon Benfield Names Foord-Kelcey as Co-Head of Cyber Practice Group
Jun 21 2016 // Aon plc has appointed Luke Foord-Kelcey to co-head Aon Benfield’s Global Cyber Practice Group, reinforcing the firm’s commitment to cyber risk management and transfer. Based in London, Foord-Kelcey will be...
Deadline Looms for Citizens Appointment Agreements Addressing Data Security
Jun 16 2016 // Appointed agents and agencies of Florida’s Citizens Property Insurance Corp. have just two weeks left to sign new appointment agreements or have their contract with the state-run insurer terminated. Agreements...
HSB Introduces Personal Lines Cyber Insurance Program
Jun 14 2016 // The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced HSB Home Cyber Protection, a personal lines cyber insurance program for consumers. HSB Home Cyber Protection offers a...
UMass Amherst Gets $15M From MassMutual for Data Science, Cybersecurity
Jun 14 2016 // The University of Massachusetts Amherst is receiving a $15 million donation to strengthen its data science and cybersecurity programs. The 10-year donation comes from the MassMutual Foundation, a charitable arm of the...
Ongoing Soft Market Tops Reinsurers’ Concerns: Xuber Survey
Jun 14 2016 // Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline,...
UK’s Allianz Insurance Offers Free Cyber Risk Assessment Tool for SMEs
Jun 9 2016 // Allianz Insurance plc, the U.K. subsidiary of Allianz SE, has partnered with global cyber security consultancy, IT Governance Ltd., to offer commercial customers a free online cyber risk assessment. The Allianz Cyber Risk...
Security Vendors, Partnerships Offer Key to Simplifying, Selling Cyber Insurance Online: CoverHound CEO
Jun 9 2016 // CoverHound CEO Keith Moore has a vision of simplifying cyber insurance sales that involves underwriting the security vendors used by insureds—a model that could ultimately allow small business customers to bind their...
Assurant, MyDigitalShield to Offer Small Business Data Breach Support
Jun 9 2016 // Assurant, Inc. has teamed up with cybersecurity specialist MyDigitalShield to help protect small businesses against losses from data breaches. Assurant will provide support for MyDigitalShield’s data breach...
