Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Self-Driving Cars to Transform Motor Insurance in Liability Shift: Fitch
Mar 17 2017 // Widespread use of autonomous vehicles will completely transform the motor insurance sector over the long term when liability begins to shift towards manufacturers and traditional risk pools shrink, according to a report...
7 Questions to Ask Cyber Insurance Prospects
Mar 16 2017 // An increase in spearfishing and ransomware, coupled with weakened data security due to more connected and mobile devices, means businesses, insurers and their agents need to understand and protect against these threats,...
Pennsylvania-Headquartered Cohen & Grigsby Hires Anderson as a Director
Mar 16 2017 // Cohen & Grigsby P.C., a law firm headquartered in Pittsburgh, Penn., has hired Roberta D. Anderson as a director. Anderson’s practice is concentrated on insurance recovery and emerging cybersecurity and data...
QBE Launches Privacy, Network Security Coverage for Businesses
Mar 16 2017 // QBE North America, an operating division of QBE Insurance Group Limited, has launched a new privacy & network security offering as part of its continued specialty insurance expansion. The new Solution for Cyber Risk...
Allianz Promotes Donavan to Global Head of Cyber
Mar 14 2017 // Allianz Global Corporate & Specialty SE announced a change in its global cyber leadership team. Emy R. Donavan is being promoted to global head of Cyber, reporting to Bernard Poncin, global head of Financial Lines at...
UK’s Terrorism Reinsurer, Pool Re, Plans to Extend Cover to Include Cyber
Mar 13 2017 // Britain’s 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts as a backstop to...
WikiLeaks Documents Shows CIA Worried About Connected Vehicle Cybersecurity
Mar 9 2017 // WikiLeaks documents showing the U.S. Central Intelligence Agency considered a “mission” against connected car technology underscores auto industry concern that the science behind the next generation of vehicles...
Insurance Agents Can Help Nonprofits Deal with Changes Ahead
Mar 8 2017 // Nonprofit organizations are a loyal bunch, often sticking with their insurance agents and brokers for years. But there is room for new agents who can help nonprofits fill some coverage gaps, cope with political changes...
Report: Energy Sector’s Lack of Sensors, Controls Tempts Hackers
Mar 7 2017 // Oil and gas companies, including some of the most celebrated industry names in the Houston area, are facing increasingly sophisticated hackers seeking to steal trade secrets and disrupt operations, according to a newspaper...
Lloyd’s MGA, CFC Underwriting, Launches Cyber Incident Response App
Mar 6 2017 // CFC Underwriting, the London-based specialist lines underwriting agency, announced the launch of a new cyber incident response application. The app allows policyholders to notify a claim with a click of a button and...
Consumer Reports to Add Cyber Security, Privacy to Product Rankings
Mar 6 2017 // Consumer Reports, an influential U.S. non-profit group that conducts extensive reviews of cars, kitchen appliances and other goods, is gearing up to start considering cyber security and privacy safeguards when scoring...
New York’s Cybersecurity Rules: What Insurance Professionals Should Know
Mar 6 2017 // The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1. The cyber rules, codified at 23 NYCRR §500, require...
Declarations
Mar 6 2017 // Cybersecurity Safeguards “These strong, first-in-the-nation protections will help ensure this industry has the necessary safeguards in place in order to protect themselves and the New Yorkers they serve from the...
Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte
Mar 3 2017 // Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large scale basis. A recent report...
Australia to Offer ‘World’s First’ University Course to Fight Cyber Crime
Mar 3 2017 // Australia said on Friday it will offer the world’s first university course to train intelligence analysts to fight cyber crime, prompted by innovative methods of money transfer among organized crime and militant...
Level of Cyber Risk Management for Many Firms Is ‘Unsustainable’: Swiss Re
Mar 2 2017 // Despite increased awareness of rapidly evolving cyber threats, relatively few corporations have integrated cyber security into their mainstream risk management programs – a situation that is “unsustainable,”...
Argo’s Carr to Head U.S. Cyber Insurance Unit for Brit Global Specialty
Mar 1 2017 // Brit Global Specialty USA is launching a Cyber and Technology team and has hired Michael Carr appointed as senior vice president to lead the offering. Carr was formerly Technology practice leader for Argo Group. He has 30...
Effective Cybersecurity Strategy Rests on People, Not Just Technology
Mar 1 2017 // While many organizations continue to focus on the technology aspect of cyber defense, which is crucial, they often do so at the expense of people risks, which represent the largest source of data breach claims. New claims...
New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact
Mar 1 2017 // As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to...
Zurich, Deloitte Partner on Cyber Risk Services for Clients
Mar 1 2017 // Zurich North America and Deloitte have collaborated to provide services aimed at educating and protecting customers from cyber related risks. Initial offerings include risk transfer options provided by Zurich and risk...
