Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Australian Securities Regulator Suffers Cyber Security Breach
Jan 25 2021 // Australia’s securities regulator said on Monday there was a cyber security breach at a server it used to transfer files including credit license applications where some information may have been viewed. The...
California COVID-19 Benefits Fraud, Cyber Attack Could Reach $9.8B
Jan 20 2021 // California may have paid out nearly $10 billion in phony coronavirus unemployment claims – more than double the previous estimate – with some of that money going to organized crime in Russia, China and other countries,...
Viewpoint: Cyber Insurance Policies Are Challenging to Underwrite. AI Can Help.
Jan 20 2021 // Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber...
Expecting the Unexpected: Cyber Lessons from COVID and What Could Be Ahead
Jan 15 2021 // What is the biggest lesson that cyber insurers should carry into 2021 after a year in which the COVID-19 pandemic took center stage? In the first Insuring Cyber podcast episode of the new year and the fifth overall, Tim...
Marsh Unveils 15 Cybersecurity Vendors Insurers Rate Most Effective
Jan 14 2021 // Global insurance broker Marsh has unveiled for the second time its group of Cyber Catalyst designated products and services judged by leading cyber insurers to be effective in combating significant cyber risks, including...
British Airways Faces Major UK Class-Action Lawsuit After 2018 Data Breach
Jan 13 2021 // British Airways Plc faces the largest privacy class-action lawsuit in UK history over its 2018 customer data breach. More than 16,000 victims have now joined a case seeking compensation from the airline. They could claim...
Digital E&S Broker Pathpoint Offers Multiple Cyber Quotes to Retail Agents
Jan 12 2021 // Pathpoint, a digital excess and surplus lines insurance broker, said it is offering a new capability to independent retail agents: access to multiple cyber insurance quotes through a single online application containing...
Willis Towers Watson Launches Suite of Cyber Risk Management Assessments
Jan 12 2021 // Insurance broker Willis Towers Watson has introduced two new cyber risk assessment services – the Workforce Cyber Culture Assessment (WCCA) and the Ransomware Risk Assessment (RRA) Willis Towers Watson describes the WCCA...
Russian Spy Tools Linked to SolarWinds Hack, Says Cyber Security Firm Kaspersky
Jan 11 2021 // The group behind a global cyber-espionage campaign discovered last month deployed malicious computer code with links to spying tools previously used by suspected Russian hackers, researchers said on Monday. Investigators...
Insurers Not Quitting on Cyber Even as Risks Mount
Jan 11 2021 // It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded for network-monitoring...
Deep Fake Losses to Challenge Cyber Insurers, CyberCube Warns
Jan 7 2021 // What do Ulysses and his Trojan Horse, the pickpocket Fagan in Charles Dickens’ Oliver Twist and a video of Facebook’s Mark Zuckerberg touting how his company “owns” its customers have in...
2022 Risk Watchlist for Directors & Officers Is Full: Insolvencies, Litigation, ESG, Cyber…
Jan 3 2021 // Corporate board members and company executives have a lot to worry about these says and can be held liable for an increasing range of scenarios. Key risks for directors and officers to watch in 2022 include the increased...
Insurance Journal’s Top Cyber Stories of 2020
Dec 30 2020 // Whether it was cyber risks related to the COVID-19 pandemic or ransomware attacks growing more severe and frequent, cyber insurers had a lot to pay attention to this year. As 2020 wraps up and cyber insurers prepare for a...
Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank
Dec 29 2020 // MOSCOW – Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country’s largest lender Sberbank said. Russia has encouraged its citizens to switch to bank...
Insurers Not Quitting on Cyber Even as Risks Mount
Dec 29 2020 // It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded for network-monitoring...
Florida Investigating Server Hacking Through SolarWinds Software
Dec 22 2020 // Florida officials acknowledged Friday that state servers appear to have been compromised by overseas hackers who gained entry by imbedding malicious code into networking software from a Texas-based software company,...
Cybersecurity Firm Transmosis, Cysurance Offer Small Business Subscription
Dec 22 2020 // Cybersecurity firm Transmosis and insurance agency Cysurance have launched a bundled cybersecurity and insurance product that requires no insurance brokers, research, or yearly contracts and is sold on a monthly...
Cyber Experts Race to Secure Networks Following Broad Cyber Attack on U.S.
Dec 21 2020 // Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a U.S. internet provider and a county government in Arizona, according to web records and...
Suspected Russian Hack of U.S. Government: Espionage or Act of War?
Dec 21 2020 // The suspected Russian hack of U.S. government agencies has led to heated rhetoric from lawmakers, with U.S. Senator Dick Durbin calling it “virtually a declaration of war” and U.S. Senator Marco Rubio saying...
Cyber Insurers Scale Back as Ransomware Attacks Rise
Dec 17 2020 // Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer...
