Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Hackers Breached Some GM Accounts, Accessing Personal Data
May 26 2022 // Hackers compromised some online accounts of General Motors Co. customers in April, potentially accessing addresses, phone numbers and other personal information, according to a data breach notice filed with California...
People Moves: AXA XL Names Benet Global CUO, Succeeding Bewlay; Marsh’s Neild Joins Howden’s UK Cyber Retail Practice; MS Amlin Taps Compre’s Margetts for Strategy
May 25 2022 // This edition of International People Moves details appointments at AXA XL, Howden and MS Amlin. A summary of these new hires follows here. AXA XL Names Benet Global Chief Underwriting Officer, Succeeding Bewlay AXA XL has...
Insurance Technology: MGA Insight Risk Targets Water Damage; Beazley Starts Cyber Incident Response Rooms
May 24 2022 // Insight Risk Targets Builder’s Risk Water Damage Losses Insight Risk, a technology-focused Builder’s Risk managing general agent (MGA), announced it is launching an innovative model designed to reduce water...
Ransomware Attack Exposed Data of More Than 500,000 Chicago Students, Staff
May 24 2022 // The personal information of more than half a million Chicago Public Schools students and staff was compromised in a ransomware attack last December, but the vendor didn’t report it to the district until last month,...
WTW Launches Cyber Coverage for Ports and Terminals
May 24 2022 // Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav. Designed to address the specific cyber threats faced by port and terminal owners and operators, CyNav provides both...
D.C. Sues Zuckerberg Over Cambridge Analytica Data Breach
May 24 2022 // The District of Columbia said it sued Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg for his alleged role in the data breach that allowed political consulting firm Cambridge Analytica to target Facebook users...
Data Breach-Related Securities Suit Filed Against Cyber Firm Okta
May 23 2022 // Following a trend in directors and officers litigation involving cybersecurity firms, Okta Inc. now faces a securities class action lawsuit alleging the firm made false and misleading statements, including that it did not...
Markets/Coverages: Hub Targets Nonprofits; Ryan Tackles Auto Excess With Axsal; Trisura and HSB Back At-Bay Cyber
May 20 2022 // Hub Launches Nonprofit Specialty Practice Insurance broker Hub International, with decades of experience in the sector, has launched a nonprofit specialty practice to serve the risk management, insurance and human capital...
U.S. Narrows Scope of Anti-Hacking Law Long Hated by Critics
May 19 2022 // The Department of Justice is changing its policy around a controversial anti-hacking law, addressing longstanding complaints from cybersecurity researchers that the law could criminalize good-faith efforts to improve...
Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey
May 17 2022 // Cyber attacks are now seen as the dominant risk for many businesses – ahead of the pandemic, economic downturn, skills shortages and other issues, according to a report published by Hiscox. For its Cyber Readiness Report...
Capacity Crunch in Cyber Expected to Continue, Says CyberCube’s Baker
May 16 2022 // Cyber insurance is experiencing a capacity crunch right now, and although that is expected to continue through at least the end of the year, it’s not all bad news, according to Brittany Baker, senior director of...
EU Agrees to Tougher Cyber-Security Rules for Key Sectors, Including Financial Services
May 16 2022 // EU countries and lawmakers agreed on Friday to tougher cyber-security rules for large energy, transport and financial firms, digital providers and medical device makers amid concerns about cyber attacks by state actors and...
Global Insurance Rates Continue to Moderate in Q1, Except Cyber
May 16 2022 // Global commercial insurance prices rose 11% in the first quarter of 2022, marking the fifth consecutive reduction in rate increases since pricing peaked at 22% in the fourth quarter of 2020, according to the Global...
Creating Harmony: What Cyber, Insurance Pros Can Learn from Music
May 16 2022 // Music may not be the first thing that comes to mind when considering the cybersecurity and insurance industries, but these industries could have more in common than it seems, according to guests on a recent episode of The...
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market
May 16 2022 // The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74% to over $4.8 billion, according to a report from Fitch Ratings. Overall, the top...
Cyber Insurance: A Necessity for Every Agency
May 16 2022 // An employee clicks an unsuspecting email link encrypting your files which can only be opened by paying a ransom for the key. Someone uses information on social media to pose as the agency principal and authorize the...
Elephant Insurance Reports Data Breach
May 10 2022 // Virginia-based direct-to-consumer personal lines insurer Elephant Insurance reports that it experienced a cyber incident beginning in late March and as of April 25 its review had been able to identify consumers whose data...
California State Bar Notifies 1,300 Identified in Data Breach
May 10 2022 // The State Bar of California has begun notifying individuals whose names appeared in more than 322,000 confidential attorney discipline records published online in a massive data breach. The State Bar said it will contact...
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market
May 9 2022 // The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74% to over $4.8 billion, according to a report from Fitch Ratings. Overall, the top...
Task Force: Idaho Must Shore Up Cybersecurity
May 9 2022 // Idaho needs to be better prepared to defend against inevitable cyberattacks that could harm individuals, businesses and critical infrastructure, the Governor’s Cybersecurity Task Force said in a new report. The...
