Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Markets/Coverages: Coalition, MS&AD Insurance Offer Cybersecurity Solutions in Japan
Oct 5 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced a strategic partnership with Japan’s MS&AD Insurance Group to provide cybersecurity monitoring solutions for...
People Moves: Aspen Promotes Bianconi to Global Head of Cyber; WTW’s Corporate Risk & Broking Unit Taps Marsh’s Beldy Torborg for 2 Exec Roles
Oct 2 2023 // Aspen Promotes Bianconi to Global Head of Cyber Bermuda-based Aspen Insurance Holdings Ltd. has appointed Bobby Bianconi as global head of Cyber. Bianconi has been with Aspen since 2016 and brings over 1o years of...
Solving Systemic Risk Is the Cyber Market’s Number One Priority
Oct 2 2023 // Cyber insurers can sometimes feel like systemic risk is unique to them. It isn’t. The COVID-19 pandemic was about as systemic as it gets. Business interruption (BI) insurers faced an avalanche of claims following the...
Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey
Sep 29 2023 // Most small businesses don’t believe they will experience a cyber attack, yet many employees are concerned they are putting their organizations at risk, according to a recent poll by Insurance Bureau of Canada...
Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs
Sep 29 2023 // Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard 2023, for the protection of small-and-midsize enterprises (SMEs). With its...
Cyber Security and Insurance Platform Paladin in California Rebrands to Upfort
Sep 29 2023 // Paladin Cyber has changed its corporate name to Upfort. Upfort also announced two senior hires, Jeremy Wieber and Matthew Leanza, to advance its strategic initiatives and spearhead the company’s partnership-centric...
Marsh McLennan Asks Court to Revisit Data Breach Ruling to Avoid Flood of Litigation
Sep 28 2023 // Marsh McLennan wants the Second Circuit appeals court to reconsider its August decision that overruled a district court and reinstated a former employee’s lawsuit against the company over a 2021 data breach. Marsh...
People Moves: Sompo Int’l Taps Chubb’s Gossé for Cyber Ins., Continental Europe; Allianz Commercial Names Vogler Chief Regions & Mkts Officer, Succeeding Haagen
Sep 27 2023 // This edition of International People Moves details appointments at Sompo International and Allianz Commercial. A summary of these new hires follows here. Sompo Int’l Taps Chubb’s Gossé for Cyber Insurance,...
The Challenges of a Widening Cyber Insurance Protection Gap
Sep 27 2023 // According to privileged access management Delinea’s report, Closing the Cyber Insurance Gap – 2023 State of Cyber Insurance, a significant gap is emerging between insurance carriers and organizations who are...
Bermuda Public Services Remain Disrupted After Cyber Attack
Sep 26 2023 // Bermuda is working to restore public services that were halted after last week’s “sophisticated and deliberate” cyberattack on its government systems, the island’s premier, E. David Burt, said on...
Spyware Hacking of Egyptian Oppo Leader Prompts Updates from Apple
Sep 25 2023 // BOSTON (AP) — A leading Egyptian opposition politician was targeted with spyware after announcing a presidential bid, security researchers reported Friday. They said Egyptian authorities were likely behind the...
Viewpoint: Solving Systemic Risk Is the Cyber Market’s Number One Priority
Sep 22 2023 // The Grange Pub in Cardiff is a typical modern British tavern. A short stroll from the city centre, it’s busy most days of the week. Weekends are packed, especially for Sunday lunch. In March 2020 all that stopped....
Lloyd’s Cyber Specialist Trium Cyber Opens London Office, Led by Aspen’s Watson
Sep 22 2023 // Trium Cyber, a Lloyd’s cyber specialist, announced that the US-based company has opened a London office to write coverage for clients based outside of the US. “Our advanced technical underwriting, outstanding...
MGM Resorts Recovers From Cyberattack, but Still No Digital Room Keys
Sep 21 2023 // MGM Resorts said on Wednesday its hotels and casinos were back to normal operations but it was working to resolve issues at its luxury Excalibur hotel and casino in Las Vegas, over a week after a cyberattack disrupted its...
US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules
Sep 20 2023 // The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking...
Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B
Sep 20 2023 // Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion. The round, one of Israel’s largest this year and Cato’s...
Hackers Who Breached Casino Giants MGM, Caesars also Hit 3 Other Firms, Okta Says
Sep 19 2023 // Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of three other companies in the manufacturing, retail, and technology space, a security...
Viewpoint: IT Asset Disposition Is Growing Cyber Security Threat for All Organizations
Sep 19 2023 // Cyber risk headlines are dominated by rising ransomware activity and soaring global data breach costs. The increased ransomware activity, driven largely by threat actor financial motives, has indiscriminately affected all...
Clorox’s First-Quarter Results Could See ‘Material Impact’ From Cyber Attack
Sep 18 2023 // Pine-Sol maker Clorox said on Monday its first-quarter results could see a “material impact” from a cybersecurity attack last month that damaged portions of its IT infrastructure and caused widescale disruption...
Blockchain Analysts Suspect N. Korea-Linked Hackers Behind $70M Crypto Theft
Sep 18 2023 // Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly...
