Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
UK Banks Reluctant to Report Extent of Relentless Cyber Attacks
Oct 14 2016 // Britain’s banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say. Reported attacks on financial...
Aon Risk Solutions Agrees to Acquire NYC Based Stroz Friedberg Inc.
Oct 12 2016 // Aon Risk Solutions, the global risk management business of Aon plc, has entered into an agreement to acquire Stroz Friedberg Inc., a New York City based global risk management firm. Financial terms were not disclosed, and...
Clinton Was Urged to Back Reinstating Glass-Steagall Wall: Wikileaks
Oct 11 2016 // A longtime political adviser to Hillary Clinton last year urged her presidential campaign to support a new version of a law that separated commercial and investment banking to avoid antagonizing the Democratic...
FM Global Enhances Cyber Coverage With Cyber-Related Loss Endorsement
Oct 11 2016 // FM Global, a global commercial property insurer, has launched a new endorsement to its all-risk FM Global Advantage policy – Cyber Optimal Recovery – to help maximize a client’s recovery from a cyber-related...
Assurant Partners with Website Security Firm on Cyberattack Prevention for Small Businesses
Oct 6 2016 // Assurant, Inc., global provider of risk management options, has partnered with website security company GamaSec to help small and medium businesses lower the risk of attacks on their websites. Assurant is providing support...
CoverHound’s Cyber Insurance Site Now Open for Small Businesses
Oct 5 2016 // Two weeks after unveiling insurance offerings for small businesses on its online platform, CoverHound has launched another website—CyberPolicy.com—with cyber protection tools for a similar target market. Initially...
Aon Launches Enterprise-Wide Cyber Coverage Targeting All Industries
Oct 5 2016 // Aon Risk Solutions, the global risk management business of Aon plc, has introduced Aon Cyber Enterprise Solution, a property/casualty and Internet of Things insurance policy that offers comprehensive and integrated...
To Minimize Cyber Risk, Organizations Should Focus on Education
Oct 4 2016 // Information security is not an easily digestible topic. The “what” is simple: securing information, but the “how” is where it gets tricky. Cyber criminals are cunning and are constantly coming up...
SEC May Use Yahoo Case to Set Data Breach Disclosure Rules
Oct 4 2016 // Yahoo’s disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcomings in U.S. rules on when cyber attacks must be revealed and their enforcement. Democratic Senator...
Edgewater Holdings, Brit Global to Offer Cyber Security Coverage
Oct 4 2016 // Edgewater Holdings has collaborated with specialty insurer and reinsurer Brit Global Specialty to offer cyber security protection through the Employment Practices Risk Management Association (EPRMA). Policies purchased...
New York Proposes Cybersecurity Regulation for Insurers, Banks
Oct 3 2016 // The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing...
Closing Quote: In the Midst of a Cyber Bubble
Oct 3 2016 // Cyber security is a rapidly growing area of concern for executives across the world. The costs that can arise from a cyber breach can be catastrophic to a business. As a result, the cyber insurance market has ballooned...
Declarations
Oct 3 2016 // No Human Zone “This proposal is not for the timid as initially it will be highly controversial because of natural skepticism about the likelihood and timing of autonomous vehicles and failure to recognize the...
Why Businesses Don’t Invest Enough in Cyber Security: RAND Study
Oct 3 2016 // The cost of a typical cyber breach to an American company is much less than has been generally estimated, providing one possible explanation for why companies do not invest more to improve computer security, according to a...
Ohio State Sen. Hackett Named NAMIC’s 2016 State Legislator of the Year
Sep 29 2016 // The National Association of Mutual Insurance Companies announced today that Ohio state Sen. Bob Hackett has been named the association’s State Legislator of the Year. Hackett was tapped as the top state legislator...
Firms Should Look Closely at Data Practices, New York Conference Panelists Say
Sep 28 2016 // Panelists at the 2016 Professional Liability Underwriting Society (PLUS) Cyber Liability Symposium held Tuesday at the Hilton Midtown in New York City urged companies to take a closer look at data aggregation practices as...
New York Cyber Conference Panelists Stress Importance of Unified Cybersecurity Plan
Sep 27 2016 // As cyber attacks become a growing concern with advances in technology, firms should be working to establish a cybersecurity plan that is cohesive across business operations to effectively reduce damage and cyber insurance...
SWIFT Expects Cyber Attacks on Banks to Increase
Sep 27 2016 // SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. The theft of...
Business Interruption Tops List of Risks Facing Global Organizations: Survey
Sep 26 2016 // Business interruption, property damage and general liability are the top three risks faced by businesses, non-governmental organizations and governmental agencies operating outside the U.S., according to the Summer/Fall...
Cyber Risk Costs Not Big Enough to Spur Investment by Businesses
Sep 26 2016 // The cost of a typical cyber breach to an American company is much less than has been generally estimated, providing one possible explanation for why companies do not invest more to improve computer security, according to a...
