Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Industry Relevance and Expertise ‘Ours to Lose:’ Catlin
Aug 15 2017 // First of Two Articles After 44 years in the insurance business, Stephen Catlin is retiring at the end of 2017. While he’ll be retiring from his role as executive deputy chairman of XL Group, he emphasizes that he...
Hackers Release More Unaired HBO Episodes: AP Report
Aug 14 2017 // Hackers have released more unaired episodes of popular HBO shows but the latest leak did not include anything on the hit series “Game of Thrones,” the Associated Press reported on Sunday. The hackers, who broke...
Cyber Spies with Possible Russian Links Targeted European Hotel Guests: FireEye
Aug 11 2017 // A cyber-spying group with suspected links to Russian military intelligence was probably behind a campaign targeting hotel guests in eight mostly European countries last month, researchers at security firm FireEye said on...
HBO Cyber Attack – Latest in Growing Problem for Hollywood
Aug 11 2017 // Sony. Netflix. And now, HBO. While the 2014 hacking at Sony Pictures pushed entertainment giants to take computer security more seriously, recent incidents have exposed weaknesses throughout Hollywood’s food chain....
Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG
Aug 9 2017 // Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American...
Canada’s Economical Offers Cyber Cover for Business Losses After Data Breaches
Aug 7 2017 // Economical Insurance has launched cyber coverage that is available to commercial policies to support Canadian businesses in the event of a data breach. Called “EXPERT Cyber,” the Economical product provides...
Cyber Attacks Against Ships’ GPS Systems Prompts Return of Radio as Backup
Aug 7 2017 // The risk of cyber attacks targeting ships’ satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use GPS (Global...
Top Kentucky Hotel Says Data Breach Could Have Included Guest Info
Aug 4 2017 // A four-star Kentucky hotel has discovered a data breach threatening guests’ credit card information. News outlets report The Galt House hotel in Louisville said last month that an internal investigation found malware...
JLT Re Appoints Ed’s Gray as Cyber Treaty Specialist, London & International Team
Aug 3 2017 // JLT Re, the global reinsurance broker and consultant, has appointed Ben Gray as a partner in JLT Re’s London & International Markets (LIM) team with a focus on cyber treaty. Gray joins from UK-based broker Ed...
Update: Cyber Attacks Start to Hit Earnings of Global Companies
Aug 3 2017 // The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest...
Businesses Need Cyber Insurance Against Government: Kroll Executive
Aug 3 2017 // The major risk to businesses victimized by cyber breaches is the reputational damage that can follow, damage that often comes from government regulators out to make a name for themselves, according to a former FBI agent...
XL Catlin Offers Cyber & Data Protection Policy in Asia Pacific
Aug 2 2017 // XL Catlin announced it has launched its Cyber and Data Protection insurance policy in Asia Pacific. With cyber risk ranking in the top 10 in today’s emerging risks, the new policy is designed to protect businesses...
Data Breaches Due to Employee Error, Third Party Suppliers on Rise: Beazley
Aug 1 2017 // Hacking and malware attacks including ransomware attacks continue to be the leading cause of breaches, accounting for 32 percent of the 1,330 incidents that insurer Beazley’s in-house Breach Response Services helped...
XL Catlin Enhances Cyber & Technology Coverage
Jul 27 2017 // XL Catlin has introduced CyberRiskConnect, a new policy form to address the expanding exposures of cyber and technology risks. According to John Coletti, chief underwriting officer for XL Catlin’s Cyber &...
Italy’s UniCredit Reveals Massive Data Breach Involving 400,000 Bank Accounts
Jul 26 2017 // UniCredit SpA said hackers accessed about 400,000 client bank accounts in Italy, taking biographical and loan data in one of the biggest breaches in Europe to date. The breaches occurred in September and October of 2016...
New Terror, Cyber Threats Create Coverage Gaps: CEO of UK’s Pool Re
Jul 25 2017 // Insurance against terror attacks must adapt to face up to the threats posed by so-called lone-wolf militants and the rise of cyber crime. That’s the view of Julian Enoizi of Pool Reinsurance Co., the U.K....
Ohio County Spends $200K on Cyber Insurance
Jul 24 2017 // The Ohio county that includes the capital city of Columbus is spending $200,000 on an insurance policy to cover cyberattacks. The Columbus Dispatch reports Franklin County’s $10 million policy will provide protection...
Driverless Car Technology and Its Impact in New York
Jul 24 2017 // New York Governor Andrew Cuomo in May signed a budget bill into law allowing self-driving and self-parking cars to be tested for one year on New York public highways. Prior to this law going into effect, the technology was...
Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s
Jul 24 2017 // A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a...
Privacy Is New Hot Workplace Issue for EPLI Claims
Jul 24 2017 // About 40 percent of employment practices liability policies (EPLI) that I review fail to cover allegations of employment-related breach of privacy. These range from complaints that the employer failed to protect sensitive...
