Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Cowbell Cyber Launches UK Operations, With Hughes From CFC Named General Mgr.
Apr 5 2023 // Cowbell, the Pleasanton, Calif.-based provider of cyber insurance for small-and-medium-sized enterprises (SMEs), has launched its UK operations and appointed cyber insurance expert Simon Hughes as general manager for...
Markets/Coverages: Applied Home National Underwriters Created; Marsh Launches ‘Cyber Pathway’; Everspan, Aurenity Partner on Casualty Buffer
Apr 5 2023 // Applied Underwriters Introduces Applied Home National Underwriters Applied Underwriters said it has created Applied Home National Underwriters (“Home National”) to consolidate the company’s presence in...
Australia Is Inadvertently Inviting Cyber Crimewave, Data Theft Victim Service Warns
Apr 5 2023 // An Australian government-backed service for victims of identity theft blasted a plan to toughen privacy laws amid an explosion of online data theft, saying it would spur compromised companies to pay ransom and invite more...
Viewpoint: Whither War and Cyber Operation Exclusions?
Apr 4 2023 // The insurance industry is attempting to modernize war exclusions to address the 21st century risk of state-sponsored cyber operations. It has proven to be a challenging project. Many current war exclusions date back to the...
Markets/Coverages: Cyber MGA Astaara Expands Capacity Limit to $25 Million
Apr 4 2023 // Astaara, the Guernsey-based managing general agent and risk management advisory business, has increased its underwriting capacity and insurance limit from US$12.5 million in 2020 to US$25 million with effect from April...
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Apr 3 2023 // Trium Cyber is the industry’s first Lloyd’s-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full stack surplus lines insurer has joined the ranks of new...
Experts Urge Empathy, Thoughtfulness for Insurers in Challenging Cyber Landscape
Apr 3 2023 // While the continuously evolving cyber threat landscape is a growing problem for insurers, experts say it’s not an insurmountable one, and empathy and thoughtfulness will be key as insurers seek to tackle...
People Moves: Everest Taps Chubb’s Chaves to Lead Mexico Operations; BMS Names Munich Re’s Tigleanu for Cyber Strategy; Miller Hires Dipati in Singapore Energy Team
Mar 31 2023 // This edition of International People Moves details appointments at Everest Insurance and two brokers BMS and Miller. A summary of these new hires follows here. Everest Insurance Taps Chubb’s Chaves to Lead Mexico...
North Korean Hackers Posed as NY Times, Voice of America Staff
Mar 29 2023 // Suspected North Korean hackers are posing as journalists and trying to gather intelligence about international officials’ approach to nuclear security policy and Kim Jong Un’s government, according to new...
TikTok Represents ‘Strategic’ Challenge, Says Top Cyber Official
Mar 28 2023 // The head of the U.S. National Security Agency’s cybersecurity directorate on Monday said TikTok represents a “strategic issue” rather than an immediate “tactical” threat to the United...
Regulator Tells Australian Banks to Boost Cyber-Attack Defenses
Mar 28 2023 // Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said Tuesday. A recent review uncovered a “lack of rigor” in the nature...
Hackers Breached UK Pension Protection Fund, Stole Employee Data
Mar 27 2023 // Hackers obtained data on some employees of the UK’s Pension Protection Fund after exploiting a third-party data transfer service, according to a fund spokesperson. The Pension Protection Fund manages £39 billion of...
Ransomware Attack to Hit Revenue at India’s Top Drugmaker
Mar 27 2023 // Sun Pharmaceutical Industries Ltd. expects revenue to fall as measures taken by India’s top drugmaker to contain an information technology security breach in early March impacted operations. A ransomware group has...
Banks, Financial Industry Hit by Rising Ransomware Attacks
Mar 24 2023 // Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group. In its annual...
Insurer Spots Cybersecurity Weakness With Model Simulating Catastrophic Attacks
Mar 22 2023 // Coalition Inc., a cyber-insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help insurers identify potential weaknesses in their portfolios and prevent...
Australian Lender Latitude’s Shares Slump After Hack Details Emerge
Mar 22 2023 // Latitude Group Holdings Ltd. shares slumped as trading resumed for the Australian personal lender that disclosed details of a hack almost a week ago. The stock lost 16% as of 11:40 a.m. in Sydney trading. Hackers stole...
Ferrari Says Ransomware Attack Exposed Clients’ Names, Email Addresses
Mar 21 2023 // Ferrari NV said it was hit by a ransomware attack that exposed information on the Italian sports car maker’s customers. “Certain data relating to our clients was exposed, including names, addresses, email...
People Moves: Tokio Marine Boosts UK Trade Credit Division With Underwriting Hires From Atradius, Coface; BHSI Promotes Ruddlesdin to Head of PI & Cyber in London
Mar 20 2023 // This edition of International People Moves details appointments at Tokio Marine and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Tokio Marine Hires Underwriters from Atradius,...
From Construction Costs to Cyber Crime, Educational Organizations Face Multiple Insurance Challenges
Mar 20 2023 // As the costs and consequences of education escalate, educational institutions at all levels face a rapidly growing slate of property and liability risks, including increasing sports liabilities and coverage for...
Don’t Get Too Comfortable — The Cyber Rollercoaster Ride Isn’t Over: PLUS Conference
Mar 20 2023 // Jeremy Gittler, practice leader and head of Cyber Americas at AXA XL, thinks of the cyber insurance industry as a rollercoaster. He says that after several years of turbulence with the advent of more sophisticated...
