Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO
Sep 23 2019 // There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions...
Americans Failing to Act on Cyber Risk Concerns, Chubb Survey Finds
Sep 18 2019 // When it comes to cybersecurity, Americans say they are concerned, but many are not taking the preventative steps needed to protect themselves from a cyber attack. According to Chubb’s Third Annual Cyber Report,...
Business Leaders Spend Less Than 1 Day a Year Focusing on Cyber Risk: Marsh Survey
Sep 18 2019 // A majority of busy board members and senior executives, who are responsible for their organization’s cyber risk management, spent less than a day in the last year to focus on cyber risk issues, according to a new...
Agency Vows Lower Cyber Insurance Deductible for Multi-factor Verification
Sep 17 2019 // Coalition, a cyber insurance agency for small and midsize businesses, has launched an incentive program to reward policyholders who implement multi-factor authentication (MFA, also commonly known as 2FA) on their business...
Chicago Brokerage, Phillip Capital, to Pay $1.5M for Cyber Attack Lapses
Sep 16 2019 // The U.S. Commodities Futures Trading Commission (CFTC) said that a Chicago-based futures brokerage will pay a total of $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million...
Startup Agency Zeguro Helps Businesses Manage Cyber Risk and Insurance Premiums
Sep 16 2019 // Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways. The San Francisco-based managing general agency describes itself as an “end-to-end cyber...
When Billion Dollar Cyber Losses Strike: Guy Carpenter/CyberCube
Sep 16 2019 // As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the...
Cyber Risk Modeling Company Kovrr Raises $5.5 Million
Sep 12 2019 // Kovrr, a Tel Aviv-based predictive cyber risk modeling company, announced a $5.5 Million financing round. The funding round was led by StageOne Ventures, Mundi Ventures and Innocells (the corporate venture arm and digital...
Officials: Half of Texas Local Governments Hit by Ransomware Have Recovered
Sep 10 2019 // Texas authorities say they aren’t aware of any money paid to hackers who used ransomware to target more than 20 communities last month. The Texas Department of Information Resources said in a statement that more than...
Oklahoma Law Enforcement Pension Fund Reports $4.2M Cyber Theft
Sep 9 2019 // The FBI is investigating after computer hackers managed to steal about $4.2 million in funds from a pension system for retired Oklahoma Highway Patrol troopers and other state law enforcement officers, state officials said...
Billion Dollar Loss Scenarios Point to Need to Better Understand Cyber Events
Sep 9 2019 // As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the...
Ransomware Attack Locks Out New Bedford City Data
Sep 9 2019 // A Massachusetts mayor says hackers demanded $5.3 million from his city in a ransomware attack this summer. New Bedford Mayor Jon Mitchell disclosed Wednesday that a variant of the Ryuk virus blocked access to information...
Cyber Coverage Confusion
Sep 5 2019 // I had the opportunity recently to read two cyber liability policies and they honestly made my head spin a little. There were coverages that I hadn’t thought about and restrictions that didn’t make sense (at...
Putting Municipal Ransomware Attacks— and Cyber Insurance —in Context
Sep 3 2019 // The ransomware attacks on public entities in Texas, Florida, Maryland, Georgia and elsewhere this year have raised questions not only about paying ransoms but also about the role of insurance in helping these targets get...
Biometrics and Financial Firms, Ransomware Variant Among Latest Cyber Trends: Chubb
Aug 28 2019 // State biometrics laws, a new ransomware threat and the targeting of financial institutions are among the recent trends in cyber risks, according to insurer Chubb in a new report. The insurer cites a recent surge in...
China Tops List of U.S. Cybersecurity Agency’s Top Risks
Aug 23 2019 // A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese...
Ransomware Attack Strikes 20 Texas Local Governments
Aug 22 2019 // More than 20 local governments in Texas were targeted in a coordinated ransomware attack of unprecedented size. The Texas Department of Information Resources said in a statement that it believes a single source is behind...
California Leads Nation in SMB Cyber Insurance Adoption, Report Shows
Aug 19 2019 // California leads the nation in small to mid-size business cyber insurance adoption, according to a report released in early August by CyberPolicy. The report shows the highest annual premium in the state totaled more than...
Work-From-Home Can Deliver Big Cyber Risks for Small Businesses
Aug 19 2019 // Remote employees place businesses at risk, yet many small business owners are not properly mitigating potential cyberthreats, nor are they adequately protecting their employee platforms, a new report says. As work-life and...
Legislation Highlights Why Cyber Market Should Keep Watch on Small Business Risk
Aug 19 2019 // The 2018 Verizon Data Breach Investigations Report cited that 58% of cyberattack victims were small businesses, and the 2019 Symantec Internet Threat Report™ stated that employees working at small businesses were...
