Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
EU Looks to Strengthen Cyber Defenses
Sep 14 2017 // Growing cyber crime has spurred proposals to strengthen the European Union’s specially dedicated security agency and set up a fund to help countries who suffer such attacks. An increase in ransomware attacks such as...
Supreme Court Could Decide Who Can Sue Equifax for Data Breach Liability
Sep 12 2017 // Less than a day after Equifax revealed one of the biggest data breaches in U.S. corporate history, the credit reporting company has already been hit with two proposed class actions in federal court – and one of those...
Filing of Lawsuits Against Equifax Over Data Breach Is Underway
Sep 11 2017 // More than 30 lawsuits have been filed in the United States against Equifax Inc. after the credit reporting company said thieves may have stolen personal information for 143 million Americans in one of the largest hackings...
Is Equifax’s Cyber Insurance Enough to Cover Breach?
Sep 11 2017 // Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the...
Trust But Verify: New York Cyber Regs Mean Managing Third-Party Security
Sep 8 2017 // This year, the beginning of September marked a critical implementation deadline for some of the toughest new cybersecurity regulations in the country – the New York State Department of Financial Services (NYDFS) 23NYCRR...
Equifax Breach Exposed Credit Data of 143 Million U.S. Consumers
Sep 8 2017 // Equifax Inc, a provider of consumer credit scores, said on Thursday that personal details of as many as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of the largest data...
HDI Launches Cyber Coverage for Manufacturing Companies
Sep 8 2017 // International insurer HDI Global Insurance Company (HDI) has introduced a new cyber product, Cyber+ Smart, designed to support the manufacturing sector. Cyber+ Smart is designed for U.S. enterprises with annual revenues of...
Securities Regulator Calls for Better Cyber Risk Disclosure to Investors
Sep 7 2017 // Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cyber crime and new technologies used to commit fraud, U.S. Securities and Exchange Commission Chairman Jay Clayton said...
Breaking the Silence: Cyber Physical Cat Models Emerging
Sep 4 2017 // A frightened truck driver dodging a barrage of bullets fired from the assault rifles of a drug-smuggling criminal gang doesn’t seem like the obvious description of the final stages of a cyber attack. But the...
Chubb Broadens Cyber Enterprise Risk Management Products
Sep 1 2017 // Chubb has broadened its enterprise risk management options for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management (Cyber ERM) and DigiTech...
Judge Says Yahoo Must Face Data Breach Lawsuit
Sep 1 2017 // A U.S. judge said Yahoo must face nationwide litigation brought on behalf of well over 1 billion users who said their personal information was compromised in three massive data breaches. Wednesday night’s decision...
Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders
Aug 30 2017 // Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer...
New York’s Cybersecurity Regulation Compliance Requirements Go Into Effect
Aug 29 2017 // Financial Services Superintendent Maria T. Vullo reminded all entities covered by the New York State Department of Financial Services’ (DFS) cybersecurity regulation that yesterday, August 28, 2017, was the first...
Cybersecurity Requirements in New York: Determining Compliance
Aug 25 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies. Codified at 23 NYCRR §500, the law became effective on March 1, 2017, and requires insurance and...
Risk Managers Prefer Standalone Cyber Policies: RIMS Survey
Aug 25 2017 // According to the 2017 RIMS Cyber Survey, risk professionals’ continued to show preference for standalone cyber insurance policies as the number of practitioners who purchased the coverage increased moderately in...
Panensky to Lead New Ironshore Computer Emergency Response Team
Aug 25 2017 // Ironshore Inc. has unveiled a Computer Emergency Response Team (CERT) to manage cyber claims across all product lines. CERT-Ironshore is a dedicated computer response team comprised of cyber claims coordinators...
Delaware Updates Law to Address Advances in Cyber Threats
Aug 23 2017 // Delaware Governor John Carney last week signed into law House Substitute 1 for House Bill 180, legislation that provides the first updates in Delaware law to address advances in cyber threats in more than a decade. The...
Popular Robots Appear Dangerously Easy to Hack, Researchers Say
Aug 22 2017 // Some of the most popular industrial and consumer robots are dangerously easy to hack and could be turned into bugging devices or weapons, IOActive Inc. said. The Seattle-based cybersecurity firm found major security flaws...
5 Reasons Cyber Security Is Failing and What P/C Insurers Can Do About It
Aug 18 2017 // Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the...
NotPetya Cyber Attack Cost World’s Biggest Container Shipping Line up to $300M
Aug 17 2017 // The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk...
