Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Judge Blocks Facebook Data Breach Victims from Suing for Damages as Group
Dec 2 2019 // A federal judge said up to 29 million Facebook Inc. users whose personal information was stolen in a September 2018 data breach cannot sue as a group for damages, but can seek better security at the social media company...
Online Scams Are Catching Newly Vulnerable Icelanders Unprepared
Nov 26 2019 // “Hi, I hope you are not busy?” The treasurer of the Icelandic soccer club Afturelding got the email from his manager late in the afternoon, soon before banks were about to close. The words “Sent from my...
Attempted Cyberattack Disrupts Louisiana Government Websites
Nov 20 2019 // Many of Louisiana’s state government websites and email systems were shut down because of what the governor’s office is describing as an attempted ransomware attack. The problem Monday disrupted business...
Data Firm Palantir’s Partnership with Japan’s Sompo Insurance Targets Health, Cyber
Nov 18 2019 // Silicon Valley data analytics company Palantir Technologies Inc. has established a joint venture with Japanese insurance holding company Sompo Holdings Inc. that will initially focus on health and cybersecurity clients,...
Financial Institutions Offering from Hanover Targets Asset Managers, Depositories
Nov 18 2019 // The Hanover Insurance Group has launched Hanover Financial Institutions Advantage, a new offering that provides small to mid-sized asset managers and depository institutions with coordinated property, casualty, management...
A Few Good Tips to Consider on Outsourcing
Nov 18 2019 // I honestly do not see many agencies benefitting from outsourcing. They think they do, but their results show otherwise. Most of the time, they would be more successful simply with better management as outsourcing is not a...
Pemex Oil Firm ‘Unaffected’ by Cyber Attack, Says Mexican Minister; Workers Disagree
Nov 15 2019 // A cyber attack on computer networks of the Mexican national oil company Pemex is “totally under control” and did not have any negative consequences, Security Minister Alfonso Durazo said on Thursday. The attack...
Insurer Brit Ltd. Launches E-trading Cyber Portal
Nov 15 2019 // Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and the U.S., targeting small and medium sized enterprises (SMEs) in both regions. The portal will give...
Best’s Report Sees Identity Theft Becoming Standalone Personal Cyber Insurance
Nov 15 2019 // The role of identity theft insurance as a supplemental product could evolve as personal cyber risks become more of a threat as technology proliferates further into individuals’ lives, according to a new A.M. Best...
Zurich Adds Cyber Endorsements for Manufacturing Industry
Nov 15 2019 // Zurich Insurance has rolled out new, industry-specific endorsements to its cyber insurance policy designed to expand coverages provided to the manufacturing industry. The endorsements were created in response to the...
FBI Warns on Rise in Sophisticated Cyber Crimes
Nov 14 2019 // On Dec. 14, 2018, Aaron Cole was about to buy a new house and received an email that he thought was from his title company, directing him to make a $123,000 deposit. Cole complied, not realizing that a sophisticated hacker...
How Brokers Influence Specialty Insurance Product Innovation
Nov 13 2019 // In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects...
Ransomware Hackers Demand $5M from Mexico State Oil Firm Pemex
Nov 13 2019 // Hackers demanded about $5 million in bitcoin from Mexico’s Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyber attack that fouled up the...
Ransomware Attack Hits Mexico’s State Oil Firm Pemex
Nov 12 2019 // A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major...
Marsh Taps Army Veteran, JLT Exec Sawyer to Lead U.S. Cyber Risk Consulting
Nov 8 2019 // Global insurance broker Marsh has appointed Reid Sawyer as U.S. Cyber Risk Consulting leader. In this newly created role, Sawyer will lead the strategy and delivery of Marsh’s cybersecurity consulting services in the...
Companies That Are Open About Cyber Risks Fare Better With Investors
Nov 8 2019 // Research finds that when one company experiences a cybersecurity breach, other companies in the same field also become less attractive to investors. However, companies that are open about their cybersecurity risk...
Coalition Makes Cyber Risk Assessment Tool Available for Free to Small, Midsize Firms
Nov 8 2019 // Coalition, a cyber insurance company for small and midsize businesses, has launched a free, publicly available cybersecurity and risk assessment tool that assesses the expected probability and severity of a security...
Hamilton’s Pembroke Managing Agency Forms Cyber Team, Launches Cyber Product
Nov 6 2019 // Hamilton Insurance Group Ltd. announced the launch of a new team of underwriters at the recently acquired Pembroke Managing Agency Ltd. and the development of a new cyber product. Pembroke’s four-person cyber team is...
U.K. Marine Services Firm James Fisher Reports Cyber Attack
Nov 5 2019 // Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems, sending its shares down as much as 5.7%. JFS said it had taken all affected...
Spanish Companies, Including Radio Network, Hit by Cyber Attack
Nov 5 2019 // A cyber attack has hit Spanish companies including Cadena SER radio, Spain’s National Security Department said on Monday. The virus affected Cadena SER’s local broadcasts, although national output was not...
