Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Cyber MGA Resilience Forms Captive Insurer in Bermuda
Feb 1 2022 // Cyber insurance and security provider Resilience Cyber Insurance Solutions has created a captive reinsurance company. Through the Bermuda-based captive, Resilience will retain a share of each risk it underwrites. CJ...
Hackers Seize $80M of Digital Assets From Qubit in Latest DeFi Attack
Jan 31 2022 // More than $80 million of digital assets were swiped from a decentralized finance platform in the latest hack of cryptocurrency trading marketplaces. A blockchain extension by Qubit Finance, a DeFi lending firm, was...
White House Plan Aims to Strengthen Cyber Defenses for Water Utilities
Jan 31 2022 // The White House on Thursday unveiled a plan to beef up cybersecurity in the nation’s water sector, an extension of its efforts to thwart attacks against critical infrastructure including electricity and natural gas...
People Moves: NFP Cyber Adds Marsh’s Maugé, WTW’s Cavaliere; Dillman to Head Chubb’s Digital Transformation
Jan 28 2022 // NFP Welcomes Cyber Risk Experts Maugé and Cavaliere Insurance broker NFP announced the addition of Courtney Maugé, senior vice president, cyber practice leader, and Rick Cavaliere, senior vice president, senior cyber...
Update: Marsh McLennan Q4 Net Income Jumps 100%; 6,000 Employees Added in 2021; Cyber Still Growing
Jan 27 2022 // Fourth quarter 2021 net income at Marsh McLennan more than doubled compared to the same period in 2020, to $803 million. Full year net income increased about 56% to $3.1 billion from $2 billion for all of 2020. Net income...
Biden Administration Hit for Delay in Creating New Cybersecurity Board
Jan 26 2022 // It’s a key part of President Joe Biden’s plans to fight major ransomware attacks and digital espionage campaigns: creating a board of experts that would investigate major incidents to see what went wrong and...
Regional Cyber Conflicts Could Lead to Infrastructure Attacks in 2022: CyberCube
Jan 25 2022 // Three regional cyber conflicts could lead to infrastructure attacks and damaging cyber espionage in 2022, a new report from cyber analytics company CyberCube says. The current cyber landscape, cyber hostilities between...
Social Responsibility Helps Win Against Cyber Risk
Jan 24 2022 // When businesses do not take their vows to address environmental, cultural, social and political issues seriously they could be putting a target on their backs for hackers and placing their firms at greater risking of cyber...
Despite Mitigation, Cyber Attacks, Rate Hikes to Continue in 2022
Jan 24 2022 // As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch Ratings. “It is...
People Moves: Muñiz Named GC&C’s Head of Construction & Green Energy; Gallagher Re Hires Hiscox’s Kim for Cyber; Chubb Promotes Kropp to Global Head of Operations/Tech
Jan 21 2022 // This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C), Gallagher Re and Chubb. A summary of these new hires follows here. Muñiz Named GC&C’s...
Data of 515,000 People at Risk After ‘Sophisticated’ Hack of Red Cross
Jan 21 2022 // The International Committee of the Red Cross said that personal data of 515,000 vulnerable people were compromised in a “sophisticated” hack. The cyberattack targeted a contractor in Switzerland that stores Red...
Pennsylvania Senate Passes Ransomware, Data Breach Bills
Jan 21 2022 // Pennsylvania’s state Senate passed a package of legislation on Wednesday aimed at preventing data security breaches and requiring victims and law enforcement officials to be notified when they do happen. The...
Cyber MGA Resilience Becomes Lloyd’s Coverholder
Jan 20 2022 // Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at Lloyd’s. As a Lloyd’s coverholder, Resilience will be positioned to deliver its...
Criminal Indictments Are Major — But Not Only — Tool of U.S. Cyber Defense Agencies
Jan 20 2022 // The FBI and other federal agencies are increasingly looking to counter cyber threats through tools other than criminal indictments, the head of the bureau’s cyber division said in an interview with The Associated...
Judge Nixes Former Employees’ Suit Against Marsh & McLennan Over 2021 Data Breach
Jan 19 2022 // A federal judge in New York has dismissed a potential class action against Marsh & McLennan by two former employees who sued after the firm suffered a data breach in 2021. The plaintiffs, Florida residents Nancy Bohnak...
New Year’s Resolution? Experts Say For Cyber Criminals, It’s More Widespread Attacks
Jan 19 2022 // Powered by InsuranceJournal.tv The looming threat of increased supply chain and critical infrastructure attacks is causing both cyber experts and cyber insurers to lose sleep already in 2022, according to guests on this...
Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz
Jan 18 2022 // A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three perils to the top of the list of global business risks in this...
Maryland Confirms Ransomware Attack Disrupted Agency Reporting COVID-19 Data
Jan 18 2022 // The disruption of Maryland’s reporting of COVID-19 data last month was caused by a ransomware attack, state officials said Wednesday. Chip Stewart, the state’s chief information security officer, said the state...
Teenaged Cyber Prodigy Stumbles Onto Software Flaw Letting Him Hijack Teslas
Jan 14 2022 // David Colombo, a 19-year-old cybersecurity researcher in Germany, came upon the biggest discovery of his young career by accident. He was performing a security audit for a French company when he noticed something unusual:...
‘Cybersecurity Failure’ Named a Critical Global Threat in WEF Survey Report
Jan 13 2022 // “Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global Risks Perception Survey (GRPS). GRPS respondents rank...
