Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
North Carolina County Refuses to Pay $23K Ransom to Hacker Who Froze Servers
Dec 8 2017 // Deputies processed arrests by hand and building code officers used paper records Wednesday as one of North Carolina’s largest counties was hit by a hacker who froze county servers and demanded ransom. Mecklenburg...
How Commercial Insurance Customers Rate Large Carriers, Brokers
Dec 7 2017 // Overall customer satisfaction with large commercial insurers has increased in 2017, driven primarily by insurers’ focus on more tailored and diversified products for their customers. That’s according to the...
Florida AG Investigating Uber Over Data Breach Affecting 32K Drivers
Dec 7 2017 // Florida Attorney General Pam Bondi says that the state is now investigating ride-sharing service Uber over an alleged cover up of a national data breach. Bondi said Dec. 1 that her office has issued a subpoena to Uber. The...
UK Banks Under-Reporting Successful Cyber Attacks: Regulator
Dec 7 2017 // UK banks still aren’t telling regulators about all the cyber attacks on the financial services industry despite a ten-fold increase in reports to the Financial Conduct Authority over the last four years. “Our...
Coalition, a Cyber Insurer and Cybersecurity Firm, Makes Its Debut
Dec 6 2017 // Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm. Founded in March 2017, Coalition is co-founded by technology...
Georgia To Expand Cybersecurity Training Center
Dec 6 2017 // The next phase of a multimillion-dollar cybersecurity training center taking shape in downtown Augusta is expected to be completed by the end of 2018. Georgia Gov. Nathan Deal recently announced an additional $35 million...
Technology, Regulation Prove Double-Edged Swords in Product Recall Risk
Dec 6 2017 // Exploding Samsung phones, error-prone Takata airbags, faulty GM vehicle ignition switches, failing Johnson & Johnson hip implants — multi-billion dollar product recalls have become more common over the past...
Arbella Launches Cyber Coverage for Small to Medium-Sized Businesses
Dec 5 2017 // The Arbella Insurance Group, has launched CyberPro Data Breach and Third Party Cyber coverage designed specifically for small and medium-sized businesses. The new CyberPro offers an end-to-end cyber security, including...
UK Cyber Security Agency Issues Warning About Kaspersky Lab Antivirus Software
Dec 4 2017 // Britain’s cyber security agency has told government departments not to use antivirus software from Moscow-based firm Kaspersky Lab amid concerns about Russian snooping. Ciaran Martin, head of the National Cyber...
AGCS Promotes Virji to Lead UK Cyber Team; Yu from Principia Named Senior U/W
Dec 4 2017 // Allianz Global Corporate & Specialty (AGCS) announced that Yogesh “Yogi” Virji has been promoted to lead the UK cyber team. In addition, Hui Yu will join the UK team as a senior underwriter in the new year....
Program Business Sector Revenue Jumps 11.7% from 2014 to 2016: TMPAA
Dec 4 2017 // The financial performance of commercial property/casualty insurance program administrators continued to outpace the performance of the overall property/casualty insurance markets, according to a recent study. Program...
Insurtech Startup Debuts with $6M and Proactive Cyber Risk Product
Dec 4 2017 // A California insurtech startup with a new cyber product has launched to offer brokers and their clients what it calls “redesigned insurance, with cyber security expertise at its core.” Mountain View,...
Global Banks Face ‘Significant Evolution’ in Cyber Threat Level: SWIFT
Nov 30 2017 // Global banks need to do more to protect themselves from cyber attacks after a “significant evolution” in the threat level in the last 18 months, according to the SWIFT global payments network. Hackers are...
Uber’s UK Data Breach Exposed Accounts of 2.7M Customers in 2016
Nov 30 2017 // Uber Technologies Inc. said information from 2.7 million U.K. customers was taken in a 2016 security breach that hit 57 million riders and drivers globally and that the company kept secret from the public and authorities...
Pool Re to Include Physical Damage from Cyber Terrorism, Effective April 2018
Nov 28 2017 // Pool Re, the UK’s terrorism reinsurance pool, announced it will extend its cover to include material damage and direct business interruption caused by acts of terrorism using a cyber trigger. The new cover will be...
Millions of Devices in Europe Remain Undefended Against Cyber Attacks: Report
Nov 28 2017 // A year after a wave of denial-of-service attacks knocked out major websites around the world, millions of unsecured printers, network gear and webcams remain undefended against attack across major European cities, a report...
How to Help Clients Protect Payment Processing Systems
Nov 27 2017 // The holidays are coming, bringing heightened anticipation. Families look forward to time together, children can’t wait for presents, merchants envision boosted sales and criminals dream of a wealth of unprotected...
Uber Paid Hackers to Hide Breach of 50 Million Customer, Driver Records
Nov 22 2017 // Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security...
Insurers Can Protect Ratings with Cautious Approach to Cyber Risk: Fitch
Nov 21 2017 // The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent cyber conference in New...
Insurtech Startup Debuts with $6M and Proactive Cyber Risk Product
Nov 16 2017 // A California insurtech startup with a new cyber product has launched today to offer brokers and their clients what it calls “redesigned insurance, with cyber security expertise at its core.” Mountain View,...
