Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Coalition Launches Full-Stack Cyber Insurer for SMBs
Jan 31 2023 // Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition called the “the first full-stack, active cyber insurance carrier,”...
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally
Jan 30 2023 // A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients. Key elements of the facility include: Capacity: Access to up to 50 million (USD/ GBP/ EUR) of...
U.S. Says It ‘Hacked the Hackers’ to Bring Down Hive Ransomware Gang
Jan 27 2023 // The FBI on Thursday revealed it had secretly hacked and disrupted a prolific ransomware gang called Hive, a maneuver that allowed the bureau to thwart the group from collecting more than $130 million in ransomware demands...
Britain Sounds Alarm on Russia-Based Hacking Group
Jan 26 2023 // A Russia-based hacking group named Cold River is behind an expansive and ongoing information-gathering campaign that has struck various targets in government, politics, academia, defense, journalism, and activism, Britain...
Hannover Re Transfers Cyber Risks to Capital Markets via Proportional Reinsurance
Jan 24 2023 // Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly in coverage of its cyber risks through a quota share cession. Longstanding partner Stone...
Australia’s Health Care System Prime Target for Cyber Attackers: Minister
Jan 24 2023 // Australia’s hospitals and health care system are at a high risk from cyberattackers targeting citizens’ personal data, the home affairs minister said, adding the country needed to step up its efforts to combat...
People Moves: Marshall & Sterling New Senior Leadership; Rock Hired as Trium Cyber Claims Chief; Nexus Nabs Product Recall Specialist Darlea
Jan 24 2023 // Marshall & Sterling Names New Senior Leadership Team Marshall & Sterling Enterprises, Inc., has appointed Eric Diamond as chief executive officer. Prior to joining Marshall & Sterling in 2009, Diamond was...
Cyber Attack Hits 1,000 Merchant Ships as Norway Firm Targeted
Jan 20 2023 // A cyberattack on a Norwegian shipping services firm ensnared about 70 companies and 1,000 ships. Oslo-based DNV, one of the world’s top ship-classification firms, suffered a ransomware cyberattack on Jan. 7, it said...
People Moves: Law Firm Constangy Expands With New Cyber Team; Kimball Hughes PR Promotes Coyne; NFP Hires Ferreira to Lead Pro Liability
Jan 20 2023 // National labor and employment law firm Constangy, Brooks, Smith & Prophete welcome a 44-member team, including 32 experienced attorneys, in a significant expansion of the firm’s cybersecurity & data privacy...
T-Mobile Investigating Data Breach Involving 37 Million Accounts
Jan 20 2023 // U.S. wireless carrier T-Mobile said on Thursday it was investigating a data breach involving 37 million postpaid and prepaid accounts and that it expected to incur significant costs related to the incident. The company...
Fewer Companies Are Paying Ransoms to Hackers, Researchers Say
Jan 19 2023 // Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the blockchain forensics firm...
Ransomware Attack Closes 300 Yum Brands Eateries in UK for a Day
Jan 19 2023 // Yum! Brands, Inc. on Wednesday announced that a ransomware attack affected certain information technology systems. Almost 300 of its restaurants in the United Kingdom were closed for one day, but the company said all...
FTX Reports $415M in Hacked Crypto, Bankman-Fried Says FTX U.S. Is Solvent
Jan 18 2023 // Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks. FTX has said it had recovered over $5 billion in crypto, cash and liquid securities,...
Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
Jan 18 2023 // Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row, according to Allianz’s Risk Barometer 2023. At the same time, macroeconomic developments such as inflation,...
The Insuring Cyber Podcast’s Most Listened Episodes of 2022
Jan 18 2023 // Powered by InsuranceJournal.tv From the next wave of InsurTech to diversity and inclusion within the cybersecurity and insurance industries to bias within artificial intelligence technology, The Insuring Cyber Podcast...
Russia Criticizes Reuters Story on Russian Hackers Targeting U.S. Nuclear Scientists
Jan 13 2023 // Russia’s Foreign Ministry on Thursday criticized Reuters for spreading what it said was poorly sourced anti-Russian propaganda with a story about a Russian hacking team which targeted three nuclear research...
Cyber Attack Shuts Down Iowa’s Largest School District
Jan 13 2023 // DES MOINES, Iowa (AP) – Iowa’s largest school district cancelled classes for Tuesday after determining there was a cyber attack on its technology network. Des Moines Public Schools announced Monday that classes...
Ransomware Group With Links in Russia Behind Royal Mail Incident
Jan 12 2023 // A cyber incident that led to severe disruption to Royal Mail’s international export services was caused by Lockbit, a ransomware group that some cybersecurity experts say has members in Russia, Britain’s...
Britain’s Royal Mail Faces Severe Disruption to Export Services After ‘Cyber Incident’
Jan 12 2023 // Britain’s Royal Mail said on Wednesday it was facing severe disruption to its international export services following what it described as “a cyber incident.” “We are temporarily unable to despatch...
People Moves: TDI Announces New Executive Leadership; Cadence Hires Bryant as Cyber Practice Leadership
Jan 12 2023 // TDI Announces New Executive Leadership The Texas Department of Insurance (TDI) has announced its chief deputy commissioner and new leadership for its Administrative Operations, Life and Health, and General Counsel...
