Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Australian Telco Optus’ CEO Quits After Massive Network Outage and Cyber Attack
Nov 20 2023 // The head of Australia’s second-largest telco Optus resigned on Monday, cutting short a more than three-year tenure marred by a massive network-wide outage and one of Australia’s largest data breaches. Parent...
Ransomware Gang LockBit Revises Its Tactics to Get More Blackmail Money
Nov 20 2023 // LockBit, the prolific ransomware gang that has launched attacks recently on Boeing Co. and Industrial Commercial Bank of China Ltd., among others, has revised the way it tries to blackmail victims because it’s...
Ransomware Attacks Rise Again
Nov 20 2023 // Ransomware attacks are up 95.41% globally in 2023 year over year, a trend showing no signs of slowing. The number of ransomware victims to date in 2023 (3,311) has already surpassed totals for the entirety of 2021 (3,048)...
SEC Sues SolarWinds for Concealing Risks Before Massive Hack
Nov 20 2023 // The U.S. Securities and Exchange Commission on October 30 sued software company SolarWinds Corp. and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during a...
Global Insurance Prices Continue to Stabilize in Q3 as US Cyber Premiums Drop: Marsh
Nov 20 2023 // Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released by insurance broker Marsh, a business of Marsh...
People Moves: Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber; Argenta Promotes Davidson to Lead New Energy Transition Offering
Nov 17 2023 // This edition of International People Moves details appointments at Howden and Argenta Syndicate Management. A summary of these new hires follows here. Howden Taps Marsh’s Bayon de La Tour as International Head of...
FBI Warns on Scattered Spider Hackers, Urges Victims to Come Forward
Nov 17 2023 // The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over the past year, stealing their sensitive data for extortion. The FBI alert follows a...
Clorox Cyber Chief Leaves While Company Recovers From Devastating Hack
Nov 16 2023 // The chief information security officer at Clorox Co. has left the company as it works to recover from a hack that devastated its supply chain earlier this year. Amy Bogac departed after about two and a half years in the...
ICBC Flies Top Executives to US in Race to Contain Hack Fallout
Nov 14 2023 // Within days of a cyberattack at its US unit, members of Industrial & Commercial Bank of China Ltd.’s management were on a plane. Officials from the world’s largest lender arrived in the US over the weekend...
Port Operator DP World Chips Away at Freight Backlog After Crippling Cyber Attack
Nov 14 2023 // DP World Plc is slowly working through a backlog of more than 20,000 freight containers piled up at Australian ports following a crippling cyberattack, as labor strikes impede a return to normal operations. DP World, one...
File Transfer Data Breach Affected 1.3M People, Maine Reports
Nov 14 2023 // The state of Maine has begun notifying people whose personal information was included in a data breach impacting as many as 1.3 million individuals, state officials announced Thursday. The notifications began after the...
Kansas Judicial Branch Slowly Restoring Court Information Amid Ongoing Ransomware Investigation
Nov 13 2023 // TOPEKA, Kan. (AP) – Nearly a month after a “security incident” with all the hallmarks of a ransomware attack, Kansas judicial officials are slowly renewing public access to court information. But for now,...
World’s Biggest Bank Had to Trade Via USB Stick After Cyber Attack
Nov 13 2023 // On Thursday, trades handled by the world’s largest bank in the globe’s biggest market traversed Manhattan on a USB stick. Industrial & Commercial Bank of China Ltd.’s US unit had been hit by a...
Cyber Attack Against Australia Port Operator Causes Massive Container Backlog
Nov 13 2023 // DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company resumes operations after a cyberattack. Friday’s hack on DP World, one of the...
Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets
Nov 13 2023 // Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets. So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for...
Ransomware Gang Lockbit Posts What It Says Is Boeing Data on Site
Nov 13 2023 // The notorious hacking gang Lockbit has posted what it described as documents belonging to Boeing Co. on its website, two weeks after claiming credit for a cyberattack against the aircraft manufacturer. LockBit recently...
Russia-Linked Hackers Claim Credit for OpenAI Outage
Nov 13 2023 // A hacking group linked to Russia claimed responsibility for attacks that periodically forced OpenAI’s ChatGPT offline last week, saying it targeted the company due to its support of Israel. The group, which calls...
People Moves: AXA XL Names Gerbaud as CUO for APAC & Europe; Trium Cyber Names Aspen’s Signorelli as MD of Int’l Operations
Nov 8 2023 // This edition of International People Moves details appointments at AXA XL and Trium Cyber. A summary of these new hires follows here. AXA XL Names Gerbaud as CUO for APAC & Europe AXA XL Insurance announced that Adias...
Before and After: Managing Through the Cycle of a Cyber Attack
Nov 8 2023 // Powered by InsuranceJournal.tv In such a fast-changing cyber risk landscape, experts say preparation is key, and one element that can help with that is cyber insurance. “Cyber insurance is such a critical tool when...
Ransomware, Extortion Claims See ‘Worrying Resurgence,’ Says Allianz
Nov 8 2023 // Following two years of high but stable loss activity, 2023 has seen a “worrying resurgence” in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial writes in a...
