Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Russian Hackers Also Focused on US and NATO Since Invasion
Jun 23 2022 // Russia is expanding its espionage and influence operations against Ukraine and its allies, including malicious cyber activity that requires a coordinated, robust response, Microsoft Corp said in a report published...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
Jun 21 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
Markets/Coverages: NJM Expands ProPack Into 3 States; Frederick Mutual Enhances Cyber Policy for Home, Business
Jun 21 2022 // NJM Offers ProPack Commercial Package Policy in More Mid-Atlantic States NJM Insurance Group is now writing commercial package policies in Delaware, Maryland and Pennsylvania with policy effective dates beginning August 1,...
Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI
Jun 20 2022 // A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business — except for cyber. The cyber insurance market...
U.S., Partners Dismantle Russian Hacking ‘Botnet,’ Justice Dept Says
Jun 17 2022 // Law enforcement in the United States, Germany, the Netherlands and Britain dismantled a global network of internet-connected devices that had been hacked by Russian cyber criminals and used for malicious purposes, the U.S....
South Dakota Health Care System Says Data Breach Affected 700
Jun 16 2022 // The private information of hundreds of patients at a Sioux Falls-based health care system have been compromised, according to the provider. Avera Health says a data breach allowed someone to obtain the personal information...
From Pandemic to Cyber War, Clear Policy Wording Is Key for Insurers
Jun 15 2022 // Insurers and insureds alike agree that clear policy wording will be the path forward in dealing with concerns about cyber war in the wake of the Russia-Ukraine conflict. This isn’t the first time in recent history...
Canada Plans to Force Companies to Report Cyber Attacks, Fortify Cyber Systems
Jun 15 2022 // Canadian businesses operating in critical infrastructure sectors would be required to report cyber attacks to the federal government and would have to fortify their cyber systems under a new law introduced on Tuesday. The...
Keeping Up With Demand for Cybersecurity Professionals
Jun 14 2022 // The pressure was on. Someone, somewhere, was attacking computer systems so customers couldn’t reach certain websites. In a windowless room in Denver, Zack Privette had worked all morning with his security team to...
Cybersecurity Groups Push US to Boost Collaboration on Hacks
Jun 8 2022 // Business leaders and cybersecurity experts are pushing the Biden administration to step up efforts to quell big hacks against US companies. In a joint statement June 7, several of the groups said a public-private...
Massachusetts Health Firm Reports Cyber Attack
Jun 8 2022 // A major medical imaging and outpatient surgery firm in Massachusetts has reported a cyber attack that may have compromised the medical data and identity of millions of patients. Shields Health Care Group said it recently...
How Crypto Giant Binance Became a Hub for Hackers, Fraudsters and Drug Traffickers
Jun 7 2022 // BRATISLAVA – In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by...
Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI
Jun 6 2022 // A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business – except for cyber. The cyber insurance market...
How FBI Helped Thwart ‘Despicable’ Cyberattack on Boston Children’s Hospital
Jun 6 2022 // The FBI thwarted a planned cyberattack on a children’s hospital in Boston that was to have been carried out by hackers sponsored by the Iranian government, FBI Director Christopher Wray said last week. Wray told a...
Cyber Hygiene Confidence Low, Again
Jun 6 2022 // Nearly three quarters of global cyber risk decision makers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber risk...
Cyber Insurance Premiums Up 27.5% to Lead All Lines in Q1: CIAB
Jun 6 2022 // According to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could have driven cyber...
Schools and Underwriters Do Their Cyber Security Homework
Jun 6 2022 // Since Remote Classes, $1 Million Ransomware Claims Have Become the Norm The overall number of cyberattacks fell by more than half in 2021 for K-12 schools but the number of ransomware attacks is on the rise. According to a...
Ransomware Attacks Up More Last Year Than In Prior Five Years: Verizon
May 31 2022 // Verizon released its 15th annual report on data breaches last week, finding that ransomware attacks increased by 13 percent in a single year—representing a jump greater than the prior five years combined. The Verizon...
Cyber Insurance Premiums Up 27.5% to Lead All Lines in Q1: CIAB
May 31 2022 // According to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could have driven cyber...
Cyber-Hygiene Confidence Low but Insurance Is Making an Impact: Survey
May 27 2022 // Nearly three quarters of global cyber-risk decision markers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber-risk...
