Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
All Members of Canada’s Desjardins Hit by Data Breach: Finance Minister
Nov 4 2019 // A June data breach that hit Canada’s Desjardins Group has affected all of the financial cooperative’s 4.2 million members, prompting government reforms to protect personal information in the Canadian province...
Hiscox Names Karpp to Head Executive Risks and Cyber Practice in U.S.
Nov 1 2019 // Global specialty insurer Hiscox has appointed Doug Karpp as head of Executive Risks and Cyber in the U.S, which includes Crime and Fidelity, Financial Services and Management Liability insurance products. Karpp, who...
TMK Launches Flagship Cyber Product, Cyber Ctrl, in Asia
Oct 31 2019 // Tokio Marine Kiln (TMK) has launched its flagship cyber product, Cyber Ctrl, targeted at insurers in Asia. The product covers a range of first party losses including business interruption and provides clients with crisis...
Miami Specialty Risk Launches Lloyd’s-Backed Cyber, Technology E&O Facility
Oct 31 2019 // Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and...
Markel Adds Cybersecurity Risk Management Tool to Cyber Products
Oct 30 2019 // Markel has launched a risk management tool for its cyber policyholders. The new WhiteHaX testing and reporting tool simulates cybersecurity breaches and assesses the readiness of deployed security infrastructure and...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains
Oct 30 2019 // A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half of all losses from natural catastrophes globally in 2018*, according to research from...
Ransomware Attacks Rise 37% in Q3, Targeting IT Vendors, Their Clients: Beazley
Oct 29 2019 // Ransomware attacks increased by 37% during the third quarter of 2019, compared to Q2, as cyber criminals target both IT vendors and their clients, according to data compiled by insurer Beazley. One-quarter (24%) of all...
Markel Adds Cyber Security Tool WhiteHaX for Cyber Insurance Customers
Oct 29 2019 // Markel, a cyber liability insurer, has added a risk management tool for its cyber insurance policyholders. WhiteHaX, a cyber risk testing and reporting tool, simulates cyber security breaches and assesses the readiness of...
Johannesburg City Hit by Hackers Who Demanded Bitcoin Ransom
Oct 28 2019 // The City of Johannesburg shut down its website and billing systems after a group hacked into the authority’s system and demanded a ransom of four Bitcoins worth about $30,000. The call center, cashiers and other...
Montana Medical Clinic Cyberattack Compromises Data of 130K Patients
Oct 25 2019 // Montana hospital officials have confirmed a data breach may have compromised the personal information of about 130,000 medical clinic patients. The Daily Inter Lake reported that Kalispell Regional Healthcare employees...
Sompo International Adds Email Security Review Services to Cyber Policies
Oct 25 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has partnered with SecurIT360, a full-service security consulting firm, and The Crypsis Group, a...
U.K. Repelled 658 Cyber Attacks This Year, Many From Hostile Foreign States
Oct 23 2019 // The National Cyber Security Centre defended the U.K. from 658 cyber attacks in the year to October — many from hostile foreign states — with government departments most at risk from attack, according to its...
Risk Strategies to Offer Cyber Risk Management Platform Underwritten by Berkley
Oct 23 2019 // Risk Strategies, a privately held national insurance brokerage and risk management firm, has launched the Cyber Resolute offering that combines new technology with smarter processes and specialized coverage. Cyber Resolute...
Georgia County Ransomware Attack Highlights Cyber Exposures to Local Agencies
Oct 23 2019 // On the first Saturday in March, computer screens at the 911 dispatch center in this small town went dark. Staff at the county jail around the same time could no longer open cell doors remotely with electronic controls, and...
Indiana’s Methodist Hospital System Warning Patients About Data Breach
Oct 22 2019 // A northwestern Indiana hospital system is warning more than 68,000 patients that their personal information, including Social Security numbers and health records, may have been exposed during a data breach. Methodist...
North Carolina Health System Alerts Customers to Data Breach
Oct 22 2019 // A health system that serves western North Carolina has contacted an undisclosed number of people about a data breach involving its e-commerce website. The Citizen-Times reports Mission Health said it recently...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...
Chubb Upgrades Cyber Index, Adds International Data
Oct 22 2019 // Chubb has enhanced its proprietary Chubb Cyber Index with upgraded features designed to help identify a range of global cyber threats based on an organization’s industry and size. The new tool also offers cost...
Baltimore to Buy $20M in Cyber Insurance Months After Attack
Oct 18 2019 // The city of Baltimore is set to purchase $20 million in cyber insurance coverage, five months after an attack hobbled its computer network. The city’s Board of Estimates on Wednesday approved the purchase of two $10...
Great American Launches Admitted Cyber Product for Small, Medium-Sized Businesses
Oct 16 2019 // Great American Insurance Group has launched an admitted cyber risk insurance product, the Risk e-Business Cyber Loss & Liability Insurance Policy featuring two insuring agreements and only 13 exclusions. According to...
