Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Blockchain Is Littered with ‘Smart’ Contracts Gone Bad: Opinion
Nov 16 2017 // Smart contracts were supposed to revolutionize finance. So far, however, they have proven adept mainly at helping people lose their money. The digital contracts make use of blockchain technology to get around trusted...
BHSI Launches Network Security & Privacy Liability Insurance in Canada
Nov 16 2017 // Berkshire Hathaway Specialty Insurance (BHSI) has unveiled its Professional First Network Security & Privacy Liability Policy in Canada. The product combines cyber liability and breach response coverage with risk...
What’s the Lowdown?
Nov 15 2017 // WHAT’S THE LOWDOWN? Defined, I’m referring to the noun – “the true facts or relevant information about something” – not to be confused with the adjective, often included in sentences...
Russian Cyber Attacks Target Major U.K. Industries, Says Top Spy
Nov 15 2017 // Britain’s National Cyber Security Centre publicly confirmed for the first time that Russia has carried out internet assaults on major U.K. energy, technology and media companies, as tensions escalate over the...
5 Ways the Insurance Industry Can Improve Cybersecurity: Former U.S. Security Chief Clarke
Nov 15 2017 // “The insurance industry has a great record of solving problems where government regulation didn’t because the government either didn’t know how to regulate, or the government wouldn’t...
Travelers Comfortable with Its ‘Prudent’ Cyber Insurance Position
Nov 14 2017 // Travelers Cos. Inc. plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer assesses risks in...
Worried About Hackers, States Turn to Cyber Insurance
Nov 13 2017 // As the threat from hackers and cybercriminals intensifies, a growing number of states are buying cyber insurance to protect themselves — and taxpayers. “It’s expensive. It’s a big budget item for us....
With 4,000 Ransom Attacks a Day, Cyber Crime Threatens Financial Sector: Europol
Nov 9 2017 // The “remorseless” growth of cyber crime is leading to 4,000 ransom attacks a day and gangs’ technological capability now threatens critical parts of the financial sector, the head of Europol said on...
Nepal Bank Latest Victim in String of Global Cyber Heists
Nov 8 2017 // A bank in Nepal is the latest victim in a string of cyber heists, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday. [Editor’s note: Reuters issued...
Allianz to Offer Small Business Cyber Risk Management Services Through Zeguro
Nov 8 2017 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has partnered with Silicon Valley-based software company Zeguro, to address cyber security and risk management for small to...
Regulation Not the Answer to Cyber Threats: Federal Reserve Official
Nov 7 2017 // More rules may not be the best answer to protecting the financial system against cyber attacks, a Federal Reserve official said. “I don’t think the solution to the cybersecurity problem rests in...
Cyber Risk Is Putting Pressure on Property Insurance Underwriters
Nov 6 2017 // Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry, according to panelists at Advisen’s 2017 Cyber Risk Insights Conference, held...
Cyber Service: How the Market Is Dishing Out Innovation
Nov 6 2017 // No one knows what the future of cyber risk holds. But more market choices and value-added services are now part of this fast-growing market. “We don’t know,” said Blake Wiedman, partner at Nashville-based...
Can Cyber Open the Door to Attracting Talent?
Nov 6 2017 // No longer a long-range concern on the distant horizon, the talent crunch within the insurance industry is here. Despite years of warnings and research, insurance organizations face a perfect storm of labor market...
Malaysia, Australia Investigate Massive Commercial, Governmental Data Breaches
Nov 2 2017 // Malaysia is investigating the theft of mobile-phone records for 46.2 million customers, while an online security lapse in Australia exposed personal details of almost 50,000 employees. The Malaysian government is working...
Allied World Adds Phishing Assessments to Cyber Risk Management Platform
Nov 1 2017 // Allied World Assurance Company Holdings, GmbH, has added a new service to the Allied World//FrameWRX cyber risk management product through Symantec Corporation’s Cyber Division. The new service provides Allied...
Basic IT Best Practice Would Have Limited WannaCry Cyber Attack: UK Report
Oct 30 2017 // The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak defense against such...
AIG Expanding Commercial Casualty Policies to Include Cyber Coverage
Oct 27 2017 // American International Group Inc. said it would include cyber coverage to its commercial casualty insurance during the first quarter of 2018, a move that would boost rates but make it clearer how customers are covered if...
XL Catlin Taps Allianz’ Broodryk as Cyber Product Leader, APAC Financial Lines
Oct 27 2017 // XL Catlin’s insurance operations announced the appointment of Max Broodryk as product leader of Cyber Risk, International Financial Lines for Asia Pacific, based in Sydney. In this role, Broodryk will be responsible...
Brit Global Specialty Adds Nationwide’s Mocio to U.S. Cyber Team
Oct 25 2017 // Brit Global Specialty has appointed Courtney Mocio as vice president, Cyber & Technology. In this role, Mocio will be responsible for helping to grow Brit’s cyber and technology portfolio in the U.S. Mocio brings...
