Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
UK Engineering Company Vesuvius Hit by Cyber Attack
Feb 6 2023 // UK engineering company Vesuvius Plc said it’s managing a cyber-security incident involving unauthorized access to its systems. The molten metal flow control firm has shut down affected systems and initiated steps to...
Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
Feb 6 2023 // Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row. That’s according to Allianz’s Risk Barometer 2023, which found that at the same time macroeconomic...
Ransomware Attack Closes Nantucket Schools
Feb 3 2023 // Public schools on the Massachusetts island of Nantucket remained closed on Wednesday a day after a ransomware attack targeted the district’s computer system and prompted officials to send students home...
Hackers of ION Trading Also Hit UK Postal Service, Canada Hospital, U.S. Local Agencies
Feb 3 2023 // The hacking group behind a cyberattack against the software firm ION Trading UK has recently conducted a series of breaches throughout the world, with its victims including the UK’s postal service and local...
Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report
Feb 3 2023 // Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the Asian nation. Overall crypto losses increased from $3.3 billion stolen in 2021,...
U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION
Feb 3 2023 // The U.S. Commodity Futures Trading Commission said on Thursday that as a result of the ransomware attack on ION Trading UK the CFTC’s weekly Commitments of Traders report will be delayed until all trades can be...
Update: ION Trading UK Indicates Cyber Attack Could Take 2-3 Days to Resolve
Feb 2 2023 // UK regulators have started an investigation following a cyberattack on London-based ION Trading UK that’s snarled global derivatives trading. The Financial Conduct Authority and the Prudential Regulation Authority...
Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce
Feb 1 2023 // Powered by InsuranceJournal.tv Online retailers will need to remain as resilient as possible to combat increasing cyber crime in the wake of a pandemic surge in online shopping, according to David Emm, senior security...
Denmark Raises Cyber Security Alert Level After Attacks From Russian Hacker Groups
Feb 1 2023 // Denmark on Tuesday raised its cyber security alert level from “medium” to “high” after several attacks by pro-Russian hacker groups in recent weeks, the country’s Centre for Cyber Security...
People Moves: Batt Is Trium Cyber Head of Product; Tyng New Lead of HDI U.S. Captive Solutions; SiriusPoint Names Sigle Head of Claims; HUB Hires Chief HRO
Feb 1 2023 // Lloyd’s Trium Cyber Appoints Batt as Head of Product Trium Cyber, the first entity approved by Lloyd’s to launch a monoline cyber syndicate, has appointed Jeffrey Batt as head of product. As head of product,...
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...
