Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Update: Ransomware Attack on Kaseya Affects Up to 1,500 Firms; Hackers Ask $70M
Jul 5 2021 // Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology firm Kaseya, its chief executive said on Monday. Fred Voccola, the Florida-based...
Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’
Jul 5 2021 // Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime – and the costly attacks are not going to stop, an expert at insurer Sompo Holdings...
A Message from a Cybersecurity Expert
Jul 5 2021 // Here we go again, same evil, same demons: trojan horses, bots and botnets, spyware, worms, scams and phishing. Then there’s ransomware, a set of malware programs that hackers install on your network that blocks...
P/C Insurers Defend Ransomware Reimbursements in New Cyber Principles
Jul 2 2021 // The nation’s largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing that the insurance industry wants to partner with government...
Insurers’ Own Infrastructure Could Be Next Targets of Cyber Criminals
Jul 2 2021 // As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert. With “a lack of controls at [an] insurer, [you] could have...
New York Regulator Issues New Guidance on Growing Ransomware Threat
Jul 2 2021 // The New York State Department of Financial Services (DFS) has issued new guidance on preventing ransomware attacks. In the guidance, DFS identifies cybersecurity controls that it says reduce the risk of a ransomware attack...
Insurance Broker A.J. Gallagher Reports on Investigation Into 2020 Ransomware Attack
Jul 1 2021 // An investigation by insurance broker Arthur J. Gallagher & Co. into a ransomware attack on its systems last September has revealed that personal information on individuals was accessed. The broker is in the process of...
Global Cyber Reinsurance Rates Soar by as Much as 40% During July Renewals: Willis Re
Jul 1 2021 // Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware attack on Colonial...
U.S. Goes on Offense to Fight Growing Threat of Cyber Attacks
Jun 30 2021 // For the last several years, FBI agents debated turning the tables on hackers by remotely accessing breached computer networks and booting out the attackers caught in mid-hack. They got their chance earlier this year after...
Denmark’s Central Bank Compromised by SolarWinds Cyber Attack: Media Report
Jun 30 2021 // COPENHAGEN – Denmark’s central bank was compromised in last year’s global SolarWinds hacking operation, leaving a “backdoor” to its network open for seven months, IT media Version2 reported on...
Microsoft Finds New Breach When Probing Suspected SolarWinds Hackers
Jun 28 2021 // Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers. The company said it had found the compromise...
Ransomware Attackers Shared Personal Information, Tulsa Officials Say
Jun 25 2021 // Those responsible for a ransomware attack on the city of Tulsa, Okla., in May are sharing personal information of some residents online, city officials said on June 23. More than 18,000 city files, mostly police reports...
Georgia Hospital System Still Recovering From Ransomware Attack
Jun 24 2021 // A coastal Georgia hospital system is still struggling to recover from a ransomware attack that shut down its computer systems last week. Local news outlets report that the St. Joseph’s/Candler health system, which...
Gas Station Sues Colonial Pipeline for Gas Crisis From Ransomware Attack
Jun 24 2021 // Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast’s flow of gasoline, diesel and jet fuel. EZ Mart 1 LLC, a...
European Commission to Form Cyber Unit to Fight Growing Online Crime
Jun 23 2021 // The European Commission proposed on Wednesday to pool resources and expertise from the EU’s 27 countries for a joint cyber unit to fight online criminals amid a spate of high-profile hacks in Europe and...
Insuring Cyber Podcast: How Insurtechs Are Helping Insurers Bridge the Digital Divide
Jun 23 2021 // Powered by InsuranceJournal.tv As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how insurtechs can step in and help insurers navigate the ever changing digital...
Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’
Jun 23 2021 // Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime —and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings...
SEC Looking Into Whether Firms Failed to Disclose Effects of SolarWinds Cyber Breach
Jun 22 2021 // The U.S. Securities and Exchange Commission (SEC) has opened a probe into last year’s SolarWinds cyber breach, focusing on whether some companies failed to disclose that they had been affected by the unprecedented...
Vermont Hospital Still Calculating Cost of Ransomware Attack
Jun 21 2021 // Officials at Vermont’s largest hospital are still trying to determine the full financial impact of the cyber attack last October that knocked out computers affecting three hospitals in Vermont and three in New...
7 Major Cyber Insurers Form Company to Coordinate Cyber Analysis, Risk Mitigation
Jun 21 2021 // With cyber attacks and insurance claims on the rise, leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers have formed a company to pool their data and expertise and take...
