Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service
Mar 22 2021 // The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by...
Buffalo Public Schools Hit by Ransomware Attack
Mar 18 2021 // Buffalo Public Schools were forced to cancel remote learning Friday because of a ransomware attack, the district said. The attackers had not made any demands by late Friday afternoon as the FBI and district experts...
Swiss Re Corporate Solutions, Coalition Sign Multiyear Cyber Coverage Agreement
Mar 18 2021 // Swiss Re Corporate Solutions and Coalition, a provider of cyber insurance and security, have signed a multiyear agreement to provide broad cyber insurance and technology errors & omissions insurance to small and...
Cyber Insurance Firm Coalition Raises $175M; Plans Commercial Lines Expansion
Mar 17 2021 // Coalition, a cyber insurance managing general agency and security company, said it has raised $175 million to accelerate its growth and global expansion. The firm said it will use the funds to expand internationally as...
The Insuring Cyber Podcast Episode 9: Returning to the Early Days of Cyber Coverage
Mar 17 2021 // Powered by InsuranceJournal.tv With the sophistication of cyber attacks, claims growth, and now, a global pandemic driving an increasing number of businesses toward remote work, it’s no question the cyber insurance...
Specialist MGA CFC Acquires Australian Cyber Security Firm, Insane Technologies
Mar 17 2021 // CFC, a specialist managing general agent, announced it has acquired Insane Technologies, an Australian cyber security and incident response provider. Financial details of the transaction were not disclosed. The deal is...
Surveillance Camera Hack Exposes Hospitals, Businesses, Schools
Mar 15 2021 // Hackers aiming to call attention to the dangers of mass surveillance say they were able to peer into hospitals, schools, factories, jails and corporate offices after they broke into the systems of a security-camera...
AXIS Partners with Elpha Secure to Provide Cyber Security for Small Businesses Globally
Mar 15 2021 // AXIS Insurance, the specialty insurance business segment of Bermuda-based AXIS Capital Holdings Ltd., has formed a strategic partnership with cyber security company Elpha Secure. Cyber insurance and software protection...
UK Cyber Authority Urges Organizations to Install Microsoft Updates
Mar 15 2021 // LONDON – Britain’s cyber security body urged organizations to install the latest Microsoft updates as a matter of urgency on Friday, after the company became aware of flaws that make email servers...
Ransom-Seeking Hackers Are Exploiting Flaws in Microsoft Email Software
Mar 12 2021 // Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft’s widely used mail server software, the company said early Thursday – a serious escalation that could portend...
$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley
Mar 12 2021 // Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer...
Hacked Firms Face ‘Frankenstein’ of State-Based Cyber Notification Laws
Mar 11 2021 // Last summer, Katherine “Kitty” Green received some disturbing news about the computer network at Florida Gulf Coast University, where she oversees a foundation for private donors. An outside data provider...
China’s Microsoft Hack, Russia’s SolarWinds Attack Threaten to Overwhelm U.S.
Mar 10 2021 // China’s global attack on Microsoft’s popular email software revealed last week and an equally sprawling Russian attack discovered three months ago have created a two-front war that threatens to overwhelm...
E&O-Cyber Incidents Worsened in 2020: Aon
Mar 10 2021 // Aon’s first ever Errors & Omissions/cyber insurance product snapshot presents a pretty dire picture of worsening conditions. There were on average three new E&O cyber matters per business day in 2020, a...
Arizona City Struggling to Emerge from Cyberattack
Mar 9 2021 // Kingman officials say municipal employees aided by Arizona National Guard technology personnel this week continued working to unravel a cyberattack that targeted the northwestern Arizona city’s computer system days...
White House Warns of Hack of Microsoft’s Outlook Email Program
Mar 8 2021 // The White House on Sunday urged computer network operators to take further steps to gauge whether their systems were targeted amid a hack of Microsoft Corp.’s Outlook email program, saying a recent software patch...
New York Regulator Issues Guidance for Insurers Writing Cyber Policies in the State
Mar 8 2021 // The New York State Department of Financial Services (DFS) has issued new guidance for New York-regulated property/casualty insurers that write cyber insurance. This serves as the first guidance the regulator has issued on...
CNA’s Cyber Risk Services Program, CNA CyberPrep, Launched in Canada
Mar 5 2021 // CNA announced that CNA CyberPrep, a proactive cyber risk services program, has been launched in Canada. Already available to CNA’s customers in the United States, CNA CyberPrep helps cyber policyholders with threat...
Volante Combines Ransomware, Cybersecurity in CyberLockout Coverage
Mar 5 2021 // Volante Global, an international managing general agent (MGA) platform, has launched a cyber ransomware product Cyber Lockout that combines ransomware insurance cover with cybersecurity technology. Cyber Lockout is...
Global Power Grids Are Becoming Increasingly Vulnerable to Cyber Attacks
Mar 4 2021 // More than five years after massive cyber attacks left a quarter of a million Ukrainians without electricity, the world’s power grids have become even more vulnerable to hackers. As utilities turn to varying sources...
