Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
UK Cyber Insurtech KYND Receives £3.25 Million Investment from BGF
Jan 13 2022 // KYND, the London-based provider of cyber risk management solutions for the insurance industry, announced a £3.25 million ($4.4 million) investment from BGF, a growth capital investor. The insurtech will use the investment...
U.S. Security Agencies Issue Advisory on Russian Cyber Attacks on Infrastructure
Jan 12 2022 // Federal cybersecurity officials are again warning of Russian cyber attacks and urging critical infrastructure networks in particular to be on alert. The Cybersecurity and Infrastructure Security Agency, the Federal Bureau...
Israeli Cyber-Security Startup Pentera Raises $150M in Funding, Weighs IPO
Jan 11 2022 // Israeli cyber-security firm Pentera has raised $150 million in its latest funding round, taking the company’s value to $1 billion, the company told Reuters, adding it was eyeing an initial public offering in the...
Corporations That Fake Social Responsibility at Greater Risk of Cyber Attacks
Jan 6 2022 // Corporations that do not take their vows to address environmental, cultural, social and political issues seriously could be putting a target on their backs for hackers and placing their firms at greater risking of cyber...
Insurance Journal’s Top Cyber Stories of 2021
Jan 5 2022 // Ransomware was the word of the year in 2021 for the cyber insurance industry as attacks continued to grow in scale and complexity, and experts say this cyber threat landscape will likely continue in the new year. Kurt...
Despite Mitigation Efforts, Cyber Attacks and Rate Hikes to Continue in 2022
Jan 5 2022 // As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch Ratings. “It is...
Illinois Insurer Insolvency Office Hit by $6.8 Million Cyber Attack
Jan 4 2022 // The Illinois Office of the Special Deputy Receiver (OSD) was hit by a cyberattack last summer, resulting in millions of dollars in losses to two auto insurance agencies under liquidation, the Illinois Department of...
Cyber Insurtech Corvus Buys Lloyd’s Coverholder Tarian Underwriting Ltd.
Jan 4 2022 // Corvus Insurance, the Boston-based, cyber-focused managing general agent, announced it has acquired Tarian Underwriting Ltd. from Beat Capital Partners Ltd. Tarian operates a cyber underwriting platform that provides cyber...
Patient Info Exposed After Data Breach at South Florida Hospital System
Jan 4 2022 // Hackers broke into a South Florida hospital system’s computer network in October, potentially exposing patients’ pesonal information, including medical treatments, driver’s license numbers, phone numbers...
Morgan Stanley Files $60 Million Proposed Settlement of Data Breach Claims
Jan 3 2022 // Morgan Stanley has filed for court approval of a $60 million settlement of a class action stemming from two data breaches in July 2020 that the complaint alleges compromised the information of 15 million of the investment...
Maryland Resumes Reporting COVID-19 Deaths After Cyber Attack
Jan 3 2022 // Maryland officials resumed reporting coronavirus deaths Tuesday after a more than three week interruption amid an apparent cyberattack, adding more than 400 deaths to the state’s tally. At least 415 Marylanders died...
Germanna Community College Launches First High School Cybersecurity Class
Dec 28 2021 // The 10 students in Stephen Tate’s cybersecurity fundamentals class are unwitting multitaskers. In addition to preparing to pass the Computing Technology Industry Association’s Security+ exam – an exam...
Capital One Cyber Settlement to Cost $190 Million
Dec 27 2021 // Capital One Financial Corp. agreed to pay $190 million to settle a class-action lawsuit that customers filed against the firm after a hacker broke into its cloud-computing systems and stole their personal...
Cyber Disruptions of Infrastructure Networks Can Cost Millions in a Day
Dec 21 2021 // The resilience of America’s critical infrastructure networks has been tested over the last year by a number of serious disasters – both natural and manmade — including winter storms shutting down electrical grids...
Ransomware Attacks Not High-Profile or Front Page News But Still Happening Frequently
Dec 21 2021 // In the months since President Joe Biden warned Russia’s Vladimir Putin that he needed to crack down on ransomware gangs in his country, there hasn’t been a massive attack like the one last May that resulted in...
Canada’s Desjardins Group Reaches Settlement Over Massive Data Breach in 2019
Dec 17 2021 // Canada’s Desjardins Group said on Thursday it had reached a settlement with plaintiffs in a lawsuit tied to a massive data breach in 2019, which impacted the personal information of more than 4 million of the...
Insurance Technology: SiriusPoint Invests in LuckyTruck; Hiscox Offers Real-Time Quotes With RMS Location API; ActZero Security Adds Cyber Coverage From Measured
Dec 15 2021 // Global specialty insurer SiriusPoint said it is investing in LuckyTruck Corp., a digital broker and aggregator specializing in commercial trucking insurance. The two did not disclose the investment amount. LuckyTruck vows...
Insurtech Coalition Forms Captive Insurer to Enhance Cyber Insurance Capacity
Dec 13 2021 // Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its cyber insurance programs. The captive, domiciled in Hawaii, will provide capacity in...
Major Companies Rush to Fix Software Flaw Before Hackers Strike
Dec 13 2021 // Major global companies are facing pressure to fix what experts are calling one of the most serious software flaws in recent memory. The flaw in the Log4j software could allow hackers unfettered access to computer systems...
Rising Insurance Costs Add to Public Finance Sector’s Cyber Pressures
Dec 10 2021 // The growing pace and sophistication of cyberattacks on U.S. public finance entities has led to rising costs and challenges in acquiring robust cyber insurance coverage. Fitch Ratings says public entities are increasingly...
