Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Intact, Resilience Insurance to Provide Cyber Risk Coverage, Services
Nov 19 2020 // Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (IFC) U.S. insurance company subsidiaries, has launched cyber insurance options that will be offered in partnership with program...
The Insuring Cyber Podcast Episode 2: Forget the Stars, Insurers are Shooting for the Cloud
Nov 18 2020 // Powered by InsuranceJournal.tv Recent research shows that more insurers are taking advantage of Cloud technology for data storage and managing business functions. According to a 2018 report from Novarica called Cloud...
Cyber Security Top Concern for Businesses in ‘Age of Risk:’ Marsh & McLennan’s Glaser
Nov 17 2020 // Cyber security has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head...
AXIS Insurance Hires 6 Underwriters for Cyber and Technology Team
Nov 5 2020 // AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of three lead underwriters and three senior underwriters within its U.S. Cyber and Technology team. The three...
Investigation Into North Carolina Community College Cyberattack Ongoing
Nov 3 2020 // A data breach at a North Carolina community college may have affected many of its current and former students. The Greensboro News & Records reported last week that Guilford Technical Community College was hit with a...
Wisconsin Republican Party: Hackers Stole $2.3M
Nov 2 2020 // Hackers have stolen $2.3 million from the Wisconsin Republican Party’s account that was being used to help reelect President Donald Trump in the key battleground state, the party’s chairman told The Associated...
Russia-Based Hackers Plan New Wave of Attacks Against U.S. Hospitals: Security Firm
Nov 2 2020 // A Russia-based ransomware group responsible for a new wave of attacks against U.S. hospitals is laying the groundwork to cripple at least ten more, according to the cyber-security firm Prevailion Inc. Prevailion’s...
1 in 4 Businesses Has Experienced Cyber Event, Travelers Survey Finds
Nov 2 2020 // Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers’ Cyber Risk Index said their firm was the victim of a cyber event — the highest percentage since the...
AXIS Insurance, Kennedys Law Launch Marine Cyber Product
Oct 29 2020 // Specialty insurer AXIS Insurance and Kennedys Law have collaborated on services for AXIS’ new marine cyber insurance product. This product offers coverage for the marine shipping market to protect against cyber...
Dozens of U.S. Hospitals Hit With String of Ransomware Attacks
Oct 29 2020 // Eastern European criminals are targeting dozens of U.S. hospitals with ransomware, and federal officials on Wednesday urged healthcare facilities to beef up preparations rapidly in case they are next. The FBI is...
Introducing: The Insuring Cyber Podcast
Oct 28 2020 // Powered by InsuranceJournal.tv Although National Cybersecurity Awareness Month is coming to an end this week, cybersecurity remains an ongoing focus for insurers particularly as the COVID-19 pandemic has pushed many...
Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns
Oct 26 2020 // Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts argued recently. BI coverage has drawn heightened attention in recent months due...
1 in 4 Businesses Has Experienced Cyber Event, Travelers Survey Finds
Oct 22 2020 // Nearly one in four respondents (22%) out of more than 1,200 business leaders surveyed in 2020 Travelers’ Cyber Risk Index said their firm was the victim of a cyber event – the highest percentage since the annual...
Burns & Wilcox Adds Personal Lines Cyber Protection for Homes, Families, Individuals
Oct 21 2020 // Burns & Wilcox has launched Cyberman365, a new exclusive product line designed to mitigate personal cyber risks for individuals, families and homes. A collaboration between Burns & Wilcox and Node International,...
Survey Finds 78% of Risk Managers Now Buying Cyber Insurance
Oct 20 2020 // The tenth year of the Zurich North America and Advisen Cyber Survey reveals that 78% of risk managers now purchase some level of cyber insurance — compared to only 34% in 2011. Of this record of 78% with some cyber...
Japan to Take Countermeasures to Prevent Cyber Attacks from Derailing Tokyo Games
Oct 20 2020 // Japan said on Tuesday it would take countermeasures to ensure next year’s Tokyo Olympics are not derailed by cyber attacks after Britain and the United States accused Russia of orchestrating efforts to disrupt the...
Pandemic Amplified Security Gaps for Public Sector Cyber Officials
Oct 19 2020 // While the pandemic has highlighted the resilience of public sector cyber officials, it has also called attention to chronic challenges facing state information technology organizations including securing adequate budgets...
UK Data Protection Watchdog Slaps Biggest-Ever Fine on British Airways
Oct 19 2020 // Britain’s data protection watchdog said on Friday it has fined British Airways 20 million pounds – its biggest such penalty to date – for failing to protect data that left more than 400,000 of its...
U.S. Treasury Warns Cyber Liability Insurers Against Paying Ransomware Demands
Oct 19 2020 // The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories,...
Treasury Advisories Add to Victims’ Woes
Oct 19 2020 // Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or handle such situations, according to experts. However, ransomware victims are likely...
