Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
FBI, International Law Enforcement Disrupt Business Cyber Fraud Schemes
Jun 12 2018 // Federal law enforcement officials announced a significant coordinated effort to disrupt Business Email Compromise (BEC) schemes used to intercept and hijack wire transfers from businesses and individuals, including senior...
Breckenridge Insurance Services Hires Commercial Insurance Cyber Specialty Broker Ashley Holtz
Jun 8 2018 // Ashley Holtz Atlanta, GA, June 8, 2018 — Breckenridge Insurance Services is pleased to announce Ashley Holtz has joined the wholesale brokerage team as assistant vice president and broker. Holtz brings additional cyber...
Lawsuit Filed Against Hawaiian Restaurant Chain After Data Breach
Jun 7 2018 // Two people have filed a class-action lawsuit against Hawaii restaurant chain Zippy’s. Zippy’s alerted its customers April 27 that it experienced a data breach at all of its 25 restaurant, Napoleon’s...
Personal Cyber Insurance-Security Packages Being Tested with Wealthy
Jun 7 2018 // Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats. What makes Jerry Hourihan lose sleep is that everyone’s information already...
Lloyd’s Index Shows $92B at Risk in North American Cities Each Year
Jun 6 2018 // Powered by InsuranceJournal.tv Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s released today shows. Lloyd’s newly...
Pembroke Syndicate 4000 Adds Cyber Endorsement to Investment Management Policy
Jun 6 2018 // Pembroke Syndicate 4000 has developed an endorsement for its Investment Management Insurance (IMI) policy offered by the Financial Institutions unit in London. Pembroke’s new endorsement will accompany the standard...
New Coalition Cyber Coverage for Real Estate Industry Targets Smart Buildings
Jun 6 2018 // Coalition, a technology-enabled cyber insurance provider, has launched a new cyber insurance offering specifically designed to address emerging risks, such as the internet of things (IoT), facing real estate developers,...
Energy Sector Cyber Insurance, Cybersecurity Struggles Leave Taxpayers, Customers Exposed
Jun 4 2018 // Insurers are limiting how much coverage energy companies can buy to protect themselves against a major attack by hackers, potentially leaving investors, customers and taxpayers on the hook for sizable losses. Brit...
South Carolina Passes First Insurance Industry Cybersecurity Law
Jun 4 2018 // South Carolina has become the first state to pass a model cybersecurity bill requiring any insurance entity operating in the state to establish and implement a cybersecurity program protecting their business and their...
Cyber Market Grew 32% But Small-Medium Firms Opted Out
Jun 4 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year-over-year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
South Carolina Passes First Insurance Industry Cybersecurity Law
May 31 2018 // South Carolina has become the first state to pass a cybersecurity bill requiring any insurance entity operating in the state to establish and implement a cybersecurity program protecting their business and their customers...
FBI Urges Rebooting, Upgrading Office, Home Routers After Russian Hacking
May 29 2018 // The FBI warned on Friday that Russian computer hackers had compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic. The U.S. law enforcement agency urged...
2 Banks Report First Cyber Attack Against Canadian Financial Institutions
May 29 2018 // Bank of Montreal and Canadian Imperial Bank of Commerce said on Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on financial institutions...
Cyber Reinsurance Underwriting Group Formed for London Market
May 24 2018 // The International Underwriting Association of London (IUA), representing carriers operating in or through London, has formed a group on cyber underwriting specifically for reinsurers. The organization said the move follows...
Ukraine Says Russia Plotting Cyber Attack
May 23 2018 // Hackers have infected at least 500,000 routers and storage devices in dozens of countries, some of the world’s biggest cyber security firms warned on Wednesday, in a campaign that Ukraine said was preparation for a...
Report Says Record Number of Data Breach Notices Filed in New York in 2017
May 23 2018 // The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach...
Cybersecurity Professional Deploys Insurtech to Simplify Small Business Cyber Market
May 23 2018 // A small business owner and cybersecurity professional frustrated by the complicated cyber coverage buying process decided to take matters into his own hands – he became a cyber insurance broker. “I wanted to solve...
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22 2018 // Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s...
U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best
May 21 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 21 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
