Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Insuring Cyber Podcast: Social Engineering Risks Rising, but Cyber Coverage Still Lacks
May 17 2021 // The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one unfortunate result of the switch to remote work is an increase in cyber crime, particularly around social engineering...
Cyber Security Is a Conversation Agents Need to Have with Clients
May 17 2021 // Not only are more people working from home than ever before, but entire families are shopping online and using the Internet of Things — Alexa, Siri, Google Home, and other technology embedded with sensors or software...
Understanding Ransomware and Why Experts Call for Multi-Pronged Response
May 17 2021 // Political hand-wringing in Washington over Russia’s hacking of federal agencies and interference in U.S. politics has mostly overshadowed a worsening digital scourge with a far broader wallop: crippling and...
Cyber Ransom Payments Set a Bad Precedent But Happen Often
May 14 2021 // The U.S. government’s fight to choke off ransom payments collected by hackers hit a major snag Thursday, following news that Colonial Pipeline Co. paid a hefty sum to hackers who for several days this week...
Ireland’s Health Service Operator Hit by ‘Significant’ Ransomware Attack
May 14 2021 // DUBLIN – Ireland’s health service operator shut down all its IT systems on Friday to protect them from a “significant” ransomware attack, crippling diagnostic services, disrupting COVID-19 testing and...
DarkSide Hacking Group Blamed for Ransomware Attack on Toshiba Unit
May 14 2021 // PARIS – Toshiba Tec France Imaging System said on Friday that DarkSide, the hacking group blamed for crippling a major U.S. pipeline company, had targeted it in a ransomware attack during the night of May 4. The unit of...
Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom: Bloomberg
May 13 2021 // Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s...
Biden Signs Executive Order on Cyber Information Sharing, Safety Practices
May 13 2021 // President Joe Biden on Wednesday signed an executive order intended to strengthen U.S. cybersecurity by improving information sharing about attacks with the private sector and adopting better safety practices throughout...
Colonial Pipeline’s Cyber Insurers Include AXA XL, Beazley
May 13 2021 // Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd’s of London insurers AXA XL and Beazley among the underwriters, three sources told Reuters on Thursday. Colonial Pipeline has begun to restart...
What Cyber Insurers Should Know About the Federal Ransomware Advisories
May 13 2021 // As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber attackers are using, ransomware has continued to steal the spotlight. Ransomware is a...
The Really, Really Big One: The Likelihood of a 1-in-100 Year Cyber Catastrophe
May 12 2021 // Powered by InsuranceJournal.tv More than a year into what some have called a 1-in-100 year pandemic with COVID-19, many may be wondering what other unprecedented events could be on the horizon. For the cyber community,...
Ransomware Attack on Colonial Again Shows U.S. Ignores Warning After Warning
May 11 2021 // The ransomware attack that shut down the nation’s biggest fuel pipeline prompted an all-too familiar question in the corridors of power in Washington and boardrooms across the country: Can anyone stop debilitating...
UK Sees Surge in Cyber Scams Using Bogus Websites in 2020
May 11 2021 // Criminals launched more websites to trick people into giving up data, downloading malware and sending them money during 2020, taking advantage of pandemic lockdown by pretending to be celebrities, shops and government...
Colonial Pipeline Ransomware Attackers Say They Seek Cash, Not Chaos
May 10 2021 // The ransomware gang accused of crippling the leading U.S. fuel pipeline operator said on Monday that it never meant to create havoc, an unusual statement that experts saw as a sign the cybercriminals’ scheme had gone...
Alaska Court System Went Offline in Cybersecurity Incident
May 10 2021 // The chief justice of the Alaska Supreme Court said the court system did not receive a ransom demand or any direct message from those involved in a cybersecurity attack last week that resulted in the system disconnecting...
Insurer AXA to Stop Paying for Ransomware Crime Payments in France
May 9 2021 // In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals. AXA, among...
U.S. Working With Colonial Pipeline to Restore Operations After Cyber Attack
May 9 2021 // The White House was working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from a ransomware attack that forced the company to shut a critical fuel network supplying populous...
Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act
May 6 2021 // Maine is one of the latest states to enact its own version of the National Association of Insurance Commissioners (NAIC) model data security law, signing the Maine Insurance Data Security Act into law on March 17. The NAIC...
Hiscox Q1 Overall Growth Offsets U.S., Cyber Repositionings
May 5 2021 // Hiscox Ltd reported gross written premiums up 6.3% to $1,256.6 million, with growth in Hiscox London Market, Hiscox Europe and direct and partnerships business more than offsetting planned reductions in the U.S. broker...
Cyber Threat Forced Alaska Court System Offline
May 4 2021 // The Alaska Court System was temporarily disconnected most of its operations from the internet after a cybersecurity threat on Saturday, including its website and removing the ability to look up court records. The threat...
