Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
ECB’s Cyber Security Test Shows ‘Room for Improvement’ for Banks
Jul 29 2024 // Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday. The ECB’s first ever...
Hackers Leak Documents From Pentagon IT Services Provider Leidos
Jul 24 2024 // Hackers have leaked internal documents stolen from Leidos Holdings Inc., one of the largest IT services providers to the US government, according to a person familiar with the matter. Leidos recently learned of the issue...
Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage
Jul 22 2024 // Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a...
Two Russian Men Plead Guilty in LockBit Ransomware Attacks
Jul 22 2024 // Two Russian nationals pleaded guilty to their roles in ransomware attacks in the US, Asia, Europe and Africa for a notorious hacking gang known as LockBit. Ruslan Astamirov and Mikhail Vasiliev admitted they helped to...
SolarWinds Beats Most of SEC Lawsuit Over Russia-Linked Cyberattack
Jul 19 2024 // A U.S. judge dismissed most of a Securities and Exchange Commission lawsuit accusing software company SolarWinds of defrauding investors by concealing its security weaknesses before and after a Russia-linked cyberattack...
UK Lays Out Stronger Cybersecurity Defenses After Attack Crippled NHS Hospitals
Jul 18 2024 // The new UK government plans to strengthen the nation’s defenses against cyberattacks, a month after a ransomware hack crippled London hospitals and health care providers. Labour introduced the Cyber Security and...
Russian Cybersecurity Firm Kaspersky Labs to Wind Down US Operations
Jul 18 2024 // Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in...
Alphabet in Talks to Buy Wiz in $23 Billion Cyber Deal
Jul 15 2024 // Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the matter. A deal may be worth as much as $23 billion, said the person, who asked not to be identified...
Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best
Jul 15 2024 // According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a “stable” outlook despite a stall in premium growth. Analysts at AM Best issued a segment...
UK Hospital Hack Leaves Kidney Patients at Higher Risk of Heart Failure
Jul 10 2024 // Regular blood tests are critical for 46-year-old Londoner Amit Sanchadev, who relies on dialysis to keep him alive after his only functioning kidney failed in 2016. He wakes up at 6 a.m. three times a week to plug himself...
Protecting Your Clients: The Power of Cyber Insurance
Jul 10 2024 // This post is part of a series sponsored by Trucordia. The frequency and impact of cyberattacks are escalating at an alarming rate in today’s modern world. According to Cybersecurity Ventures, a business falls victim...
Crypto Hacking Thefts Double to $1.4B in First Half 2024
Jul 8 2024 // The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM...
New-Vehicle Sales Growth Slows After CDK Cyberattack
Jul 5 2024 // Top U.S. automakers posted slower sales growth for the second quarter as a cyberattack at software systems provider CDK hit operations at several dealerships during the crucial selling period of late June. General Motors...
Government Contractors Guidehouse, Nan McKay Pay $11.3M for Cybersecurity Failure
Jul 5 2024 // Two government consultants have paid more than $11 million to settle allegations that they failed to meet cybersecurity requirements in a program for New Yorkers who applied online for federal emergency rental assistance...
Markets/Coverages: Resilience Doubles Cyber Limits to $20M
Jul 1 2024 // Resilience said it doubled the cyber insurance limits it can offer to clients in the U.S. to $20 million per client. This announcement follows the launch of new features and capabilities that enable enterprises to...
Cyber Insurance Rates Drop as Businesses Improve Security, Report Says
Jul 1 2024 // Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cybercrime, even as ransomware attacks are rising, broker Howden said in a report on Monday. Insurance premiums to...
Microsoft Tells Texas Agencies They Were Exposed in Russian Hack
Jul 1 2024 // Microsoft Corp. has told more than a dozen state agencies and public universities in Texas that Russian state-sponsored hackers accessed emails between them and the software giant. The attackers were able to gain access to...
Cyber Extortion Reached Record High in US and Canada in 2023: Marsh
Jul 1 2024 // Multiple companies in the United States and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in...
Guidance and Insurance Implications for the CDK Global Cyberattack
Jun 28 2024 // On June 18 and 19, 2024, CDK Global (CDK), a leading provider of cloud-based software to auto dealerships in North America, fell victim to a two-tiered cyberattack. 15,000 dealerships are potentially impacted, with...
What is Ransomware?
Jun 27 2024 // This post is part of a series sponsored by TSIB. According to IBM’s 2023 Cost of a Data Breach Report, it’s estimated that data breaches cost businesses an average of $4.5M in 2023. Statista, shared that over...
