Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
South Carolina DOI Issues Data Call on Why Liquor, Cyber Liability Costs Are Soaring
Jun 5 2023 // Two Southeastern insurance regulators have posted new information about liability insurance data and catastrophe claims reporting. The Florida Office of Insurance Regulation last week posted the 2023 catastrophe reporting...
Hackers Use Flaw in Popular File Transfer Tool to Steal Data, Researchers Say
Jun 5 2023 // Hackers have stolen data from the systems of a number of users of the popular file transfer tool MOVEit Transfer, U.S. security researchers said on Thursday, one day after the maker of the software disclosed that a...
Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market
Jun 5 2023 // Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers at the annual RIMS Riskworld conference, held this year in Atlanta, but the industry...
Ransomware Attack on Bioscience Firm Exposes Clinical Test Data on 2.5M People
Jun 1 2023 // The New York-based biotech and life sciences company Enzo Biochem reported it was hit by a ransomware attack on April 6. The company has since reported that clinical test information of approximately 2,470,000 individuals...
U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems
May 31 2023 // The U.S. State Department has warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group...
Suspected State-Backed Hackers Hit Series of New Targets in Europe, SE Asia
May 31 2023 // A hacking group suspected of ties to an Asian government has broadened its targets to government agencies in countries including Indonesia and Thailand, carrying out cyber-espionage as recently as April, cybersecurity firm...
Cyber Insurance: A Growth Market for Insurers With Some Caveats
May 31 2023 // As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today’s DBRS Morningstar’s commentary on the...
Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago
May 31 2023 // The Federal Bureau of Investigation and Boston Police reported they have arrested a cyber insurance attorney in connection with a series of sexual assaults and kidnappings in the Boston area about 15 years ago. At a press...
Dutch Watchdog Probes Alleged Tesla Data Breach
May 26 2023 // The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early for further comment. Germany’s Handelsblatt reported on Thursday that Elon...
Viewpoint: Could Increasing Ransomware Frequency Bring Back Repeat of Hard Market?
May 25 2023 // Insurance pricing is cyclical. When loss ratios are sustainably higher, over time prices rise in response, creating a hard market. The last hard market in cyber was in 2021 when an onslaught of ransomware and high-profile...
New England Health Insurer Still Dealing With Ransomware Attack
May 24 2023 // Point32Health, the parent company of Tufts Health Plan and Harvard Pilgrim Health Care, is still dealing with a ransomware attack it first reported on April 17. The company has now disclosed that patient information has...
Cyber Attack Could Threaten Canada’s Overall Financial Stability: Central Bank
May 23 2023 // The Bank of Canada on Thursday [May 18] said it was worried that a major cyber attack on one part of the financial system could quickly spread and threaten overall financial stability. In an annual review of Canada’s...
Marsh: Cyber Insurance Purchases Climb After Rocky Couple of Years
May 23 2023 // Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the cyber insurance market. Despite this, 36% of Marsh’s clients reported buying cyber...
People Moves: Aspen Appoints Boon Head of Singapore; Liberty Mutual Hires Patrick Thielen Global Head of Cyber; Guy Carpenter Makes Senior Moves in Europe
May 22 2023 // Aspen Appoints Boon as Head of Singapore; Morely Relocates to London Aspen Insurance Holdings Limited has appointed industry veteran Tay Boon Chuan as head of Singapore, effective June 1. Aspen is headquartered in...
Economic and Cyber Risks Lead Global D&O Concerns: Survey
May 22 2023 // At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according to the latest Directors and Officers Liability 2023 Survey released by Willis Towers...
Cybersecurity Fail: Top 10 Passwords Used by the Insurance Industry
May 22 2023 // Despite cybersecurity experts’ repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating secure passwords, says new research by password manager...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
May 22 2023 // The rollout of the Lloyd’s Market Association’s (LMA) cyber war exclusions received considerable criticism for the chaos and confusion they caused leading up to their effective date on March 31. But here are...
Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market
May 19 2023 // Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers at the annual RIMS Riskworld conference, held this year in Atlanta, but the industry...
Posing as Islamists, Russian Hackers Take Aim at Sweden
May 18 2023 // Since February, a mysterious hacker group calling itself Anonymous Sudan has targeted dozens of Swedish airports, hospitals and banks with distributed denial-of-service attacks, ostensibly in response to the burning of a...
Alleged Russian Hacker Charged in $200 Million Ransomware Spree
May 17 2023 // A Russian man was charged by US authorities in connection with his alleged role with multiple ransomware gangs that attacked hospitals, schools and police departments. Mikhail Pavlovich Matveev, who was known online as...
