Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Insurer Mapfre Faces Class Actions Over Data Breach
Sep 13 2023 // Two proposed class actions have been filed in federal court in Massachusetts against Mapfre U.S.A. Corp. and its affiliate Commerce Insurance Co. over a recent data breach that one of the lawsuits contends may have exposed...
The SEC’s New Disclosure Rules and Cyber, D&O Coverage
Sep 13 2023 // Powered by InsuranceJournal.tv The U.S. Securities and Exchange Commission in July adopted rules that require public companies to disclose certain information about their cyber risk. The rules, originally proposed in March...
Markets/Coverages: US Cyber Industry Loss Index Launched by Perils, CyberAcuView
Sep 12 2023 // A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by leading cyber insurers, to keep capital flowing in the cyber insurance...
Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber
Sep 11 2023 // Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation. The initiative, called...
Microsoft Says Compromise of Engineer’s Account Led to Chinese Hack of US Officials
Sep 7 2023 // The recently disclosed Chinese hack of senior officials at the U.S. State and Commerce departments stemmed from the compromise of a Microsoft engineer’s corporate account, Microsoft Corp. said in a blog post on...
Verizon Pays $4M to Settle Federal Cybersecurity Claims But Admits No Liability
Sep 6 2023 // Verizon Business Network Services of Ashburn, Virginia, has agreed to pay $4,091,317 to resolve False Claims Act allegations that it failed to completely satisfy certain cybersecurity controls in an information technology...
Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter
Sep 4 2023 // Significant progress has been made in advancing vendors’ cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and reinsurance companies as...
Raising Customer Awareness of Cybersecurity
Sep 4 2023 // Cyber threats are more pervasive than ever and growing. Check Point Software’s Cyber Attack Trends: 2022 Mid-Year Report noted that cyberattacks intensified by 42% in the first half of 2022. Cybercrimes in the United...
University of Minnesota Faces Lawsuit Over Alleged Negligence in Data Breach Incident
Aug 31 2023 // MINNEAPOLIS (AP) – A lawsuit filed on behalf of a former student and former employee at the University of Minnesota accuses the university of not doing enough to protect personal information from a recent data...
The U.S. Cyber Trust Mark and the Power of Collaboration
Aug 30 2023 // Powered by InsuranceJournal.tv As cyber threats continue to grow, guests on the latest episode of The Insuring Cyber Podcast say that collaborations between the public and private sector are becoming even more...
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P
Aug 29 2023 // More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global Ratings. “Reinsurers had a...
Cyber Startup Wiz Is Weighing Potential Bid for SentinelOne
Aug 28 2023 // Closely held cloud cybersecurity company Wiz Inc. is considering a potential bid for SentinelOne Inc. in what would represent a rare move by a startup to buy a large listed company. Wiz spokesperson Tamar Harel said on...
Business Lobby Struggles to Thwart SEC Cybersecurity Disclosure Rules
Aug 25 2023 // Business lobbyists are struggling to soften new US Securities and Exchange Commission rules that require publicly traded companies to quickly disclose cybersecurity breaches. The Justice Department is planning to issue...
Two British Teens and Their Audacious Hack of Nvidia, Grand Theft Auto and Uber
Aug 25 2023 // At 9 p.m. on Sept. 22 last year, a group of City of London police officers waited outside room M15 at the Travelodge Bicester, a one-star budget hotel in Oxfordshire, England, for the right moment to bust in. On the other...
Cybersecurity Firm SentinelOne Explores Sale
Aug 22 2023 // SentinelOne Inc., a cybersecurity company with a market value of about $5 billion, has been exploring options that could include a sale, according to people familiar with the matter. The Mountain View, California-based...
Tesla Data Breach Blamed on ‘Insider Wrongdoing’ Impacted 75,000
Aug 21 2023 // Tesla Inc.’s May data breach impacted more than 75,000 people, included employee-related records and was a result of “insider wrongdoing,” according to a notice posted by the office of the Maine Attorney...
People Moves: Drogin Cyber Leader at Mosaic; Loney to Lead Specialty Casualty at DUAL North America
Aug 21 2023 // David Drogin will lead cyber business growth in the U.S. as Mosaic Insurance‘s senior vice president, head of U.S. cyber. He will report to Global Head of Cyber Yosha DeLong. Drogin will be responsible for leading...
Private Clients Need More Than the Standard Coverage – From Baseball Cards, Sneakers, Jewelry, Cyber and More
Aug 21 2023 // When it comes to helping high net worth (HNW) clients get optimal coverage, there’s more to it than just adding a couple of zeroes to premiums and payouts. HNW clients have different interests and concerns that...
Latin Americans Fall Prey to More Online Scams, Cyber Attacks
Aug 17 2023 // Gabriella Batalha didn’t think much when she noticed she had been logged out of Instagram – until the next day when she found her account overrun with sensational posts touting high-yield cryptocurrency...
What to Know About the Proposed U.S. Cyber Trust Mark
Aug 16 2023 // Powered by InsuranceJournal.tv With cyber attacks continuing to grow and new risks emerging, The Biden-Harris Administration in July announced a cybersecurity certification and labeling program to help U.S. consumers more...
