Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec
Jul 11 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions (E&O) insurance offerings are now available in Quebec. Brokers...
Markets/Coverages: Zurich Launches Cyber for Middle Market
Jul 11 2023 // Zurich North America introduced a cyber insurance offering designed specifically for middle market businesses. The Zurich Cyber Insurance Policy Concierge Suite includes not only cyber Insurance coverage but also...
Suncor Reports Data Breach Affected Petro-Points Members’ Basic Contact Data
Jul 10 2023 // Canadian energy firm Suncor Energy on Thursday [July 6] said that due to a cyber security incident on June 21, unauthorized party obtained Petro-Points members’ basic contact information. “Based on our...
ECB Cyber Stress Test Won’t Deliver Direct Capital Hit to Banks
Jul 10 2023 // The European Central Bank’s cybersecurity stress test next year won’t have a direct impact on capital requirements, limiting the exercise’s potential repercussions for investor payouts. The test will be a...
Ransomware Criminals Are Dumping Kids’ Private Files Online After School Hacks
Jul 7 2023 // The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even...
People Moves: AIG’s Jainchill Joins Lockton as U.S. Cyber & Technology Product Leader
Jul 6 2023 // Lockton Adds Jainchill as U.S. Cyber & Technology Product Leader Lockton in New York, N.Y has hired Chuck Jainchill as its U.S. cyber and technology product leader. Jainchill joins Lockton after 16 years at AIG, where...
Global Cyber Premiums Could Exceed $50B by 2030
Jul 6 2023 // The cyber insurance market potential is huge, with premiums likely to exceed $50 billion by 2030, according to a new report by global insurance broker Howden. With the potential to rival major P&C lines, future growth...
UK Cybersecurity Officials Investigate Data Breach Affecting London Hospitals
Jul 6 2023 // British cybersecurity officials are investigating an alleged cyberattack on a group of hospitals in London that has led to the disclosure of confidential documents online. A gang of Russian-speaking cybercriminals known as...
Ransomware Attack Hits Japan’s Biggest Port, Disrupting Cargo Shipments
Jul 5 2023 // Japan’s biggest maritime port was crippled by an alleged Russian cyberattack, disrupting cargo as operators rushed to prevent a wider delay in shipments. Ransomware — used by hackers to lock access to files or...
Court Says Fear Created by Data Breach Suffices for Class-Action to Proceed
Jul 5 2023 // Former customers of Injured Workers Pharmacy whose personal information was stolen by hackers and allegedly used to file a fake tax return may pursue a class-action lawsuit against the company, a panel of the 1st District...
The Industry Shouldn’t Compete on Cybersecurity
Jul 3 2023 // With cyber risk growing for small businesses, the insurance industry should cooperate on cybersecurity. The National Cybersecurity Alliance reports that small and midsize businesses are “easy targets” for...
Indiana Department of Insurance Launches Site for Reporting Cybersecurity Events
Jun 30 2023 // The Indiana Department of Insurance (IDOI) launched a new online form for insurers and entities to cybersecurity events. The online form can be found on IDOI’s website. “If an insurer and/or other licensed...
University of California Files Lawsuit Against Lloyd’s of London Over Refusal to Reimburse Cyber Insurance Costs
Jun 30 2023 // The Regents of the University of California sued Lloyd’s of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a cyber insurance policy. The dispute is...
French, UK Cyber Watchdogs Say Hackers-for-Hire Are Targeting Law Firms
Jun 30 2023 // Mercenary hackers increasingly are targeting law firms in a bid to steal data that could tip the balance in legal cases, French and British authorities say, echoing a Reuters investigation that uncovered the phenomenon...
Hackers Steal Information From Texas-Based Pilot Recruiting Company
Jun 29 2023 // DALLAS (AP) – Personal information for more than 8,000 applicants to become pilots at American Airlines and Southwest Airlines was stolen when hackers broke into a data base maintained by a recruiting company. The...
People Moves: Marsh Names Butler as UK Cyber Leader; Chubb Appoints O’Donnell COO, Global Reins.; Everest Insurance Taps Marsh McLennan’s Leney to Lead APAC
Jun 29 2023 // This edition of International People Moves details appointments at Marsh, Chubb and Everest Insurance. A summary of these new hires follows here. Marsh Names Butler as UK Cyber Leader Marsh, the insurance brokerage...
UPS Working With Experts After Phishing Attack on Some Shippers, Customers
Jun 28 2023 // United Parcel Service said Wednesday it is working with law officials and outside experts following reports of phishing messages that were sent via text messages to certain shippers and their customers in Canada. The...
Siemens and UCLA Say Data Compromised in MOVEit Data Breach
Jun 27 2023 // Siemens Energy and the University of California, Los Angeles (UCLA) said on Tuesday they were among victims of the MOVEit hack that has affected scores of corporations, governments and other institutions in recent...
Australia Regulator Tells Medibank to Set Aside $167M After Major Cyber Attack
Jun 27 2023 // Australia’s banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking...
Email Phishing Scam Targets Licensed Insurance Producers in Nevada
Jun 26 2023 // The Nevada Division of Insurance says it has been made aware of an email phishing scam targeting licensed insurance producers and agents in Nevada. The division has reportedly received several calls from licensed...
