Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Fraudulent Funds Transfer, Ransomware Are Main Drivers of Cyber Loss: Corvus
Dec 7 2022 // According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations. FFT comprised 36% of of the company’s cyber claims – an all-time high –...
What to Know About an Unlikely Vector for Cyber Threats: Household Pets
Dec 7 2022 // Powered by InsuranceJournal.tv Pets can make a great addition to the family, bringing positivity and warmth to a household, but the digital devices associated with them could be a different story. While every fifth pet...
Lapsus$ Hacking Group Will Be Focus of DHS Cyber Review Board
Dec 5 2022 // The Department of Homeland Security’s Cyber Safety Review Board said it will study the Lapsus$ hacking group, which has been accused of carrying out breaches at major US companies this year. The board, comprised of...
Report Shows California Gun Data Breach Was Unintentional
Dec 2 2022 // California’s Department of Justice mistakenly posted the names, addresses and birthdays of nearly 200,000 gun owners on the internet because officials didn’t follow policies or understand how to operate their...
Cyber Attackers Cripple IT Systems of Prominent Indian Hospital
Nov 30 2022 // Cyber attackers have crippled systems at one of India’s most prominent hospitals for a week, forcing the institution to operate a raft of key medical services and labs manually. The All India Institute of Medical...
People Moves: Aon Reinsurance Solutions Names New APAC Leaders; Cyber Risk Modeler DeNexus Hires Aguilar as VP of Sales, EMEA
Nov 29 2022 // This edition of International People Moves details appointments at Aon Reinsurance Solutions and DeNexus. A summary of these new hires follows here. Aon Reinsurance Solutions Names New APAC Leaders Insurance broker Aon plc...
Markel International Merges Professional and Financial Risks Division With Cyber Team
Nov 28 2022 // Markel International, a subsidiary of Markel Corp., announced it will merge its professional and financial risks (PFR) division with its recently expanded cyber team. The decision to merge the two divisions is part of the...
Cyber Protection as Important as Missile Defense Systems: Retired NATO General
Nov 23 2022 // A cyber attack on the German ports of Bremerhaven or Hamburg would severely impede NATO efforts to send military reinforcements to allies, retired U.S. General Ben Hodges told Reuters. The European Commission proposed an...
Cyber Risk Modeler DeNexus Opens UK Office
Nov 22 2022 // DeNexus Inc., the Sausalito, Calif.-based provider of cyber risk modeling, has opened an office in London as part of its strategy to build out its cyber expertise in Europe. The London office is headed up by seasoned...
RIMS Sends Letter to FIO in Support of Cyber Insurance Backstop
Nov 22 2022 // RIMS said it issued a comment letter to the Federal Insurance Office in response to legislative dialogue regarding a federal backstop for large-scale catastrophic cyber incidents impacting infrastructure. RIMS indicates...
People Moves: Liberty Specialty Mkts Names Intact’s Conran as CUO; Arch Taps WTW’s Bradley as Cyber U/W; Rokstone’s iFarm Underwriting Recruits from Marsh, Geo
Nov 21 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, Arch Insurance International, and Rokstone’s iFarm Underwriting. A summary of these new hires follows here. Liberty...
New York Proposes Changes to Financial Services Cybersecurity Regulation
Nov 21 2022 // More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened accountability under proposed...
Many Cyber Criminals Return After Ransomware Payments Are Made
Nov 21 2022 // Over a third (36%) of companies who paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, more than four in 10 (41%) of those...
U.S. Charges Suspect Linked to Notorious Ransomware Gang
Nov 16 2022 // A man who authorities say participated in a ransomware campaign that extracted tens of millions of dollars from victims has been charged in the United States, the Justice Department announced Thursday. Mikhail Vasiliev, a...
Abortions, Drug Use Exposed in Cyber Attack on Australian Health Insurer Medibank
Nov 14 2022 // When the Australian health insurer Medibank Private Ltd. was hit with a ransomware attack last month, it provided regular updates to its customers, including the revelation that personal information from nearly 10 million...
Medibank Hack Could Cost A$700M for Damages and Fixes
Nov 10 2022 // The data breach at Medibank Private Ltd. could cost the Australian health insurer A$700 million ($450 million) if customers decide to sue for damages after personal medical details were posted to a forum on the dark web,...
New York Proposes Changes to Financial Services Cybersecurity Regulation
Nov 9 2022 // More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened accountability under proposed...
Many Cyber Criminals Return After Ransomware Payments Are Made
Nov 9 2022 // Over a third (36%) of companies who paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, more than four in 10 (41%) of those...
Training the Next Generation of Cyber Ninjas with Continuing Education
Nov 9 2022 // Powered by InsuranceJournal.tv As cyber attack methods are constantly evolving, guests on this episode of The Insuring Cyber Podcast offered their best advice for how to evolve with them. “This idea of being cyber...
Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought
Nov 7 2022 // A hack on an Australian health insurer appears to be far larger than initially suspected, with the company saying it will refuse to pay a ransom for the theft of data. The attack on Medibank Private Ltd. exposed the data...
