Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Crypto Exchange HTX Hit by $258M Outflow After Major Hack
Dec 11 2023 // The HTX exchange, a digital-asset trading platform linked to China-born industry mogul Justin Sun, has suffered a $258 million net outflow since resuming operations after suffering a major hack. The funds left the exchange...
Markets/Coverages: Howden Launches European Cyber & Tech E&O Facility
Dec 8 2023 // Howden, the global insurance group, today announces the launch of one of the first dedicated European cyber and technology errors & omissions line slips for primary business. The product is led by Canopius and IQUW...
US, UK Say Russia Targeted Officials in Political Cyber Campaign
Dec 8 2023 // The US and UK have launched a coordinated effort to disrupt a longtime alleged Russian government hacking campaign aimed at what they say is an attempt to undermine democratic processes in both their countries. The UK...
People Moves: Aon Promotes Clarke as Head of Renewables, Global Broking Centre & UK; Markel Hires AIG’s Meek to Lead Cyber Portfolio in Middle East, North Africa
Dec 5 2023 // This edition of International People Moves details appointments at Aon and Markel. A summary of these new hires follows here. Aon Promotes Clarke to Head of Renewables, Global Broking Centre & UK Insurance broker Aon...
23andMe Says Health Data Was Included in Hack That Compromised 6.9 Million Users
Dec 5 2023 // Some 6.9 million 23andMe customers had their data compromised after an anonymous hacker accessed user profiles and posted them for sale on the internet earlier this year, the company said on Monday. The compromised data...
Breaches by Iran-Affiliated Hackers Spanned Multiple States
Dec 4 2023 // A small western Pennsylvania water authority was just one of multiple organizations breached in the United States by Iran-affiliated hackers who targeted a specific industrial control device because it is Israeli-made,...
Cybersecurity Agency Warns Water Utilities About Hackers After Pennsylvania Attack
Dec 1 2023 // Hackers are targeting industrial control systems widely used by water and sewage-treatment utilities, potentially threatening water supplies, the top U.S. cyberdefense agency said after a Pennsylvania water authority was...
Cybersecurity: An Ounce of Prevention is Worth a Pound of Cure
Nov 30 2023 // This post is part of a series sponsored by AgentSync. Benjamin Franklin was a big fan of insurance, but he might have been a bit nonplussed if someone had given him a preview of the industry in 2023. Risks have changed,...
Ransomware Prompts Multistate Hospital Chain to Divert Some ER Patients
Nov 30 2023 // A ransomware attack has prompted a healthcare chain that operates 30 hospitals in six states to divert patients from at least some of its emergency rooms to other hospitals, while putting certain elective procedures on...
People Moves: Markel Appoints Howden’s Woodhouse for War and Terrorism Team; Costero Brokers Taps Marsh’s Olley as Cyber Divisional Director
Nov 29 2023 // This edition of International People Moves details appointments at Markel and Costero Brokers. A summary of these new hires follows here. Markel Appoints Howden’s Woodhouse for War and Terrorism Team Markel, the...
Okta Says Hackers Stole Data for All Customer Support Users
Nov 29 2023 // Okta Inc. has discovered that hackers who breached its network two months ago stole information on all users of its customer support system — a scope far greater than the 1% of customers the company had previously said...
AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets
Nov 29 2023 // For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure against “a...
Title Insurer to Pay New York $1 Million Penalty Over 2019 Data Breach
Nov 28 2023 // The New York State Department of Financial Services (DFS) announced that First American Title Insurance Co. will pay a $1 million penalty to New York State for violations of DFS’s cybersecurity regulation stemming...
Federal Cyber Insurance Backstop Is Warranted With Focus on Catastrophic Risk
Nov 28 2023 // Much more work and collaboration needs to be done but the U.S. Treasury has reached a “tentative conclusion” that a potential federal cyber insurance backstop will be focused on catastrophic cyber...
EU Weighs Wider Scope for Cybersecurity Certification Scheme: Proposal
Nov 27 2023 // The European Union is considering broadening the scope of proposed cybersecurity labeling rules that would affect not just Amazon, Alphabet’s Google and Microsoft but also banks and airlines, according to the latest...
Cybersecurity and Insurance: SOC2 Type II Audit
Nov 23 2023 // This post is part of a series sponsored by AgentSync. In the dynamic and data-driven world of insurance, safeguarding sensitive information is paramount. Consumers entrust insurance carriers with a wealth of personal,...
Australia Revamps Cybersecurity Protections After Port Cyberattack
Nov 22 2023 // Australia will undertake an economy-wide revamp of its cybersecurity protections including revised data laws, mandatory reporting and a new nationwide cyber council in response to several significant hacks targeting...
Markets/Coverages: CFC Upgrades Packaged Cyber Cover, Services for SMEs
Nov 22 2023 // Specialist insurer CFC announced a major upgrade to its packaged insurance policies for professional services businesses. Brokers selling CFC’s professional liability policies can offer SME clients add-on cyber cover...
DP World Attack ‘Stark Reminder’ About Prioritizing Cyber Spend: Australia Watchdog
Nov 21 2023 // Australia’s markets regulator wants companies and directors to prioritize cyber resilience, warning it will take action against businesses that fail to make reasonable investments to protect themselves. Australian...
Schools Look to Improve Cybersecurity, but Many Vulnerable to Ransomware
Nov 21 2023 // Some K-12 public schools are racing to improve protection against the threat of online attacks, but lax cybersecurity means thousands of others are vulnerable to ransomware gangs that can steal confidential data and...
