Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Siemens, Ericsson Warn Proposed EU Cybersecurity Rules May Disrupt Supply Chains
Nov 7 2023 // Electronics makers Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope warned on Monday that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply...
Palo Alto Acquires Israeli Cyber Startup Talon in M&A Push
Nov 7 2023 // Palo Alto Networks Inc. agreed to buy Talon Cyber Security Ltd., marking the second acquisition of an Israeli peer within a week. The deal is valued at about $625 million, according to a person familiar with the plans who...
Markets/Coverages: Coalition Offers Active Cyber Insurance in Australia
Nov 6 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, launched its suite of Active Cyber Insurance products in Australia. Active Cyber Insurance works with organizations to help them...
Boeing Says ‘Cyber Incident’ Hit Parts Business After Ransom Threat
Nov 6 2023 // Boeing, one of the world’s largest defense and space contractors, said on Wednesday it was investigating a cyber incident that impacted elements of its parts and distribution business and cooperating with a law...
Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s
Nov 6 2023 // A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from...
Travelers to Buy Cyber MGU Corvus for $435 Million
Nov 3 2023 // The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence. “This...
Global Insurance Prices Continue to Stabilize in Q3 as US Cyber Premiums Drop: Marsh
Nov 1 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 the insurance broker Marsh, a business of Marsh...
SolarWinds Staff Warned About Security Holes Before Russia Hack
Nov 1 2023 // Well before Russia’s audacious cyberattack that exploited SolarWinds Corp.’s software was made public, several employees allegedly raised red flags about holes in the company’s security. Their warnings,...
SEC Sues SolarWinds for Concealing Cyber Risks Before Massive Hack
Oct 31 2023 // The U.S. Securities and Exchange Commission on Monday sued software company SolarWinds Corp. and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during a massive...
Stanford University Says It’s Investigating a Cyber Incident
Oct 30 2023 // Stanford University said on Friday that it is investigating a cybersecurity incident that struck its Department of Public Safety. The university said in a statement that the breach didn’t appear to “impact...
Kansas Court System Down in ‘Security Incident’ With Hallmarks of Ransomware
Oct 30 2023 // TOPEKA, Kan. (AP) – Kansas officials are calling a massive computer outage that’s kept most of the state’s courts offline for two weeks a “security incident” and, while they had not provided an...
Boeing Assessing Lockbit Hacking Gang Threat of Sensitive Data Leak
Oct 30 2023 // Boeing Co said on Oct. 27 that it was assessing a claim made by the Lockbit cybercrime gang that it had “a tremendous amount” of sensitive data stolen from the aerospace giant that it would dump online if...
Cybersecurity, Insurance Platform Upfort in California Raises $8M Series A Funding
Oct 26 2023 // Upfort raised $8 million in a Series A funding round led by SYN Ventures, with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round. Upfort’s goal is to simplify the way brokers...
CISA Offers Guidance on Cybersecurity Awareness Month’s 20th Anniversary
Oct 25 2023 // Powered by InsuranceJournal.tv As the world’s digital ecosystem has grown and become more complex, Trent Frazier, deputy assistant director in the stakeholder engagement division at CISA, or the Cybersecurity and...
Markets/Coverages: USQRisk Starts Corporate Cyber MGA
Oct 25 2023 // USQRisk, the international managing general agent specializing in alternative risk transfer solutions, has announced the launch of Pera, a managing general agent providing cyber and blended cyber and technology E&O...
Ransomware Attacks Have Nearly Doubled Over 2022, Says Corvus
Oct 25 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)...
Two New York Hospitals Resume Admitting Emergency Patients After Cyberattack
Oct 25 2023 // Two New York hospitals that were hit with a cyberattack have resumed admitting emergency patients after shutting down their computer systems to investigate, hospital officials said. The ambulance diversion ended Saturday...
Philadelphia Reports Cyber Incident Affecting Email
Oct 24 2023 // The city of Philadelphia has released a notice about a cyber incident that occurred in May and July involving personal health information. On May 24, 2023, city officials initially became aware of suspicious activity in...
Marsh Specialty Cyber Goes Global in 2024, Led by Reagan
Oct 24 2023 // Insurance broker Marsh said it is starting a global cyber practice at the start of 2024, led by Tom Reagan. Currently Marsh Specialty’s cyber practice leader, US and Canada, Reagan will become global specialty head...
Report: More Founders Talking Cyber Protection With Stakeholders
Oct 24 2023 // Compared to last year, more than twice as many startup founders reported talking to their investors and boards about cyber protection often or always, according to a new Embroker cyber risk index. That number reached 83%...
