Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Education Providers Face Challenges With Growth in Cyber Threats, Insurance Costs
Mar 2 2022 // As cyber threats have continued to grow, one segment of the market that has been especially impacted is education, according to guests on the most recent episode of The Insuring Cyber Podcast. “This is a segment that...
Analysis: Russian Ransomware Attacks on Ukraine Muted by Leaks, Insurance Exclusion
Mar 2 2022 // Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialize amid disarray among the criminal underworld often behind such attacks and fears insurers would not...
Toyota Suspends Tokyo Factory Operations After Suspected Cyber Attack
Mar 1 2022 // Toyota Motor Corp. said it will suspend domestic factory operations on Tuesday, losing around 13,000 cars of output, after a supplier of plastic parts and electronic components was hit by a suspected cyber attack. No...
Aon Discloses ‘Cyber Incident’ Amid Mounting Concerns Over Hacks
Feb 28 2022 // Aon Plc is investigating a “cyber incident” that the insurance brokerage said impacted a limited number of its systems. The incident, identified Friday, “has not had a significant impact” on...
New York State Ethics Commission Hit by Cyber Attack
Feb 28 2022 // ALBANY, N.Y. (AP)— New York’s ethics commission has shut down its online filing system as authorities investigate a “deliberate malicious cyberattack.” The Joint Commission on Public Ethics said late...
Hacking Risk Shadows U.S. Business as Russia Threatens Critics
Feb 25 2022 // A swath of major American businesses — from major banks to utility companies — is preparing for possible cyberattacks against their computer networks as Russia on Thursday threatened “consequences” for...
New York Governor Plans Center to Coordinate Public, Private Cybersecurity
Feb 25 2022 // New York wants to improve its cybersecurity defenses and will open a joint operations center in the coming months to coordinate between government agencies, critical businesses and utilities, Gov. Kathy Hochul said. Hochul...
Phishing Scam Costs Massachusetts Town $102K
Feb 25 2022 // The Massachusetts tow nof Tewksbury has been cheated out of more than $100,000 in a phishing scam, but hopes to recover most of the money through insurance claims, the town manager said. An employee of Tewskbury received a...
People Moves: Beazley Cyber Adds Chubb’s Cohen, Promotes Larson; Scheurle Leads Burns & Wilcox’s Cannabis; Parametrix Hires Hiscox’s Wong
Feb 24 2022 // Beazley Hires Two for Cyber Services Insurer Beazley announced two senior leadership hires to its global Cyber Services team. Russ Cohen has been appointed head of U.S. Cyber Services, and Bala Larson has been promoted to...
Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re
Feb 23 2022 // Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property catastrophe market by 2040, said Gallagher Re. In fact, if the cyber market continues...
10 Cyber Attacks in 2021 Cost $600M With 40,000 Businesses Put at Risk
Feb 21 2022 // In just 10 cyber incidents last year, over $600 million in cash was stolen or taken as ransom, tens of millions of citizen records stolen, 40,000 businesses’ IT operations put at risk, one billion airline passenger...
Court Siding With Merck Over War Exclusion for Cyber Attack a Warning to Insurers
Feb 21 2022 // In January, the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4 billion in damages Merck & Co. said it suffered from a spring 2017 cyber attack known as...
North Dakota Governor Calls For Increased Cybersecurity
Feb 18 2022 // Local governments should refrain from raising property taxes and lawmakers need to invest more to guard against ever-increasing cybersecurity attacks, North Dakota Gov. Doug Burgum said Feb. 16 in his State of the State...
FBI Calls Crypto ‘Only Game in Town’ as Ransomware Flourishes
Feb 17 2022 // Cryptocurrencies and deep-fake technology are sending chills throughout the U.S. government, with cyber crooks embracing digital innovations so rapidly that law enforcement can barely keep up, according to the Federal...
Canadian Pension Fund CDPQ to Buy Stake in Cyber-Security Firm ESentire: Sources
Feb 17 2022 // ESentire Inc., a cyber-security company backed by private equity firm Warburg Pincus, has struck a deal to sell a stake to two investment firms at a $1.2 billion valuation, according to people familiar with the...
Markets/Coverages: WTW Partners With Falvey Cargo on Cyber; Boost and Breach Offer Crypto Wallet Cover; Umbrella From Distinguished Programs Serves Real Estate, Community Associations
Feb 16 2022 // WTW Partners With Falvey Cargo Underwriting for Affirmative Cargo Cyber Coverage Insurance broker Willis Towers Watson is partnering with Falvey Cargo Underwriting on an affirmative cyber coverage product for cargo and...
Most Critical Infrastructure Sectors Haven’t Adopted NIST Cybersecurity Framework
Feb 16 2022 // A new report from the U.S. Government Accountability Office (GAO) found most of the country’s critical infrastructure have yet to take steps toward adopting a nearly decade-old framework to improve...
More Than a Conversation: Building Diversity Means Taking Action
Feb 16 2022 // Powered by InsuranceJournal.tv The cybersecurity and insurance industries have been talking about prioritizing diversity, equity and inclusion for a while, but Larry Whiteside, co-founder and president of Cyversity, says...
Tripwire for Real War? Cyber’s ‘Fuzzy’ Rules of Engagement
Feb 16 2022 // President Joe Biden couldn’t have been more blunt about the risks of cyberattacks spinning out of control. “If we end up in a war, a real shooting war with a major power, it’s going to be as a consequence...
People Moves: Conduit Re Names Roberts CUO; Brit Appoints Hodgkins as Cyber Underwriting Consultant; Oneglobal Hires Gallagher’s de Lima as CEO, Andean Region
Feb 15 2022 // This edition of International People Moves details appointments at Conduit Re, Brit Ltd. and Oneglobal Broking. A summary of these new hires follows here. Conduit Re Names Roberts as Chief Underwriting Officer Greg...
