Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
How Insurance Market Will Expand in Age of Autonomous Vehicles
Nov 20 2018 // Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according...
Willis Towers Watson Launches Cyber Solution for Airports
Nov 19 2018 // In response to cyber and digital risk being identified as the top concern facing airports today¹, Willis Towers Watson has introduced CyFly for Airports, an insurance solution specifically tailored to cover cyber...
The Hits Keep Coming: More Transitional Cybersecurity Requirements in New York
Nov 19 2018 // It has been more than a year and a half since the New York Department of Financial Services’ cybersecurity regulations (cyber rules) came into effect, and yet another compliance deadline has passed. Broadly,...
ProWriters Launches Online Cyber Insurance Portal
Nov 16 2018 // ProWriters has launched Cyber Insurance Portal exclusively for insurance agents and brokers that is designed to streamline the insurance comparison process by allowing brokers to instantly compare rates for their clients...
Cathay Pacific’s Data Breach Scrutinized by 27 Regulators in 15 Jurisdictions
Nov 15 2018 // Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over how it handled...
Cyber Expert Says Industry Over-Complicates Cyber Insurance
Nov 15 2018 // Powered by InsuranceJournal.tv Cyber insurance is relevant to every type of business but the insurance industry needs to make it simpler so that more businesses understand why they should buy it, according to Graeme...
Threat of Cyber Attack Keeps One UK Energy Executive Awake at Night
Nov 14 2018 // Imagining the fallout from a successful computer hack is keeping one British energy executive awake at night. “An attack could be enough to destroy a business if it’s not handled properly,” Michael Lewis,...
Biggest Airline Data Breach Lasted for Months, Confirms Cathay Pacific
Nov 14 2018 // Cathay Pacific Airways Ltd., which is under fire for the world’s biggest airline data breach, said the sophisticated attacks lasted months as it took steps to shield its exposed computer network. The attacks were...
PLUS Experts: One of the Biggest Gaps in Cyber is Explaining it to Customers
Nov 9 2018 // What’s one of the biggest gaps in cyber? Good communication between the insurance industry and customers, who are in need of more than just products to help protect them from risks in the rapidly changing digital...
Texas Agents Group, Wingman Insurance Partner on Cyber Liability Coverage
Nov 8 2018 // The Independent Insurance Agents of Texas (IIAT) has entered an exclusive partnership with Wingman Insurance for cyber liability coverage. IIAT members can now access the Wingman Cyber online platform to provide cyber...
Beazley’s Norton Joins Brit Global USA to Lead Cyber Team
Nov 8 2018 // Jeff Norton has been appointed to the role of senior vice president, Cyber & Technology, for Brit Global Specialty USA. He will be responsible for leading and growing BGSU’s cyber and technology team. Norton...
QBE Ventures, Zeguro Partner on ‘Cybersecurity Officer’ Small Business Platform
Nov 8 2018 // A new partnership between QBE Insurance Group and cybersecurity management company Zeguro offers small and medium-sized business customers access to a virtual ‘Cybersecurity Officer’ to protect against their...
Casualty Losses Provide Impetus for 2019 Rate Firming: Willis Towers Watson
Nov 7 2018 // Commercial insurance buyers are facing upward pricing pressure across most lines of business in 2019, driven in part by escalating losses in the casualty insurance market, according to a report by Willis Towers Watson. The...
Great American Insurance Names Liberty Mutual’s Artin to Cyber Liability Team
Nov 7 2018 // Great American Insurance Group has hired Kelli Artin as divisional vice president of Cyber Liability. Artin will focus on the distribution strategy and marketing of the company’s cyber risk insurance offerings. Artin...
World’s Biggest Airline Data Breach at Cathay Pacific Probed by Hong Kong Watchdog
Nov 6 2018 // Hong Kong’s privacy watchdog is investigating Cathay Pacific Airways Ltd. after the carrier last month disclosed the world’s biggest airline data breach that exposed personal information of 9.4 million...
AXA XL, Slice Labs Launch On-Demand Cyber Coverage for Small, Mid-Size Businesses
Nov 5 2018 // Slice Labs Inc., an on-demand insurance cloud provider, and AXA XL, a division of AXA, have launched a new cyber insurance policy specifically designed for small and midsize businesses (SMBs). Powered by Slice’s...
Iowa’s FMH Launches New Cyber Risk Protection for Farmers
Nov 5 2018 // West Des Moines, Iowa-based Farmers Mutual Hail Insurance Company of Iowa (FMH) is now offering FMH Cyber Risk Protection suite, which includes two new cyber risk products to provide protection and services in the event an...
South Carolina Insurer Data Security Law Should Be Nationwide Role Model
Nov 5 2018 // In October 2017, the National Association of Insurance Commissioners (NAIC) adopted the Insurance Data Security Model Bill, also known as the NAIC “Model Law.” NAIC’s “Model Law” seeks to...
7 Critical Areas Directors and Officers Should Watch in 2019
Nov 5 2018 // Risk management involves looking around the corner to spot future threats. When it comes to director and officer liability, the question is this: What’s on the horizon for directors and officers in 2019? Here are...
Federal Cyber Privacy Bill Calls for Fines, Prison for Executives’ Violations
Nov 2 2018 // A senior Democratic U.S. senator on Thursday unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for executives who violate privacy and cybersecurity standards. Senator Ron Wyden...
