Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
McGowan Joins Resilience from Beazley as VP, Cyber Underwriter in Chicago
Feb 10 2021 // Resilience, which provides insurance coverage and patented cybersecurity tools to protect mid-market companies, has added Kevin McGowan as vice president in its cyber underwriting unit. McGowan joins Resilience from...
Federal Judge Sides with Chubb in Denial of Target’s Data Breach Bank Claims
Feb 10 2021 // Target Corp. has been denied its $138 million insurance claim against ACE (now Chubb) Insurance companies stemming from a 2013 data breach. A federal judge in Minnesota ruled the retailer had failed to prove that its...
Polish Game Maker CD Projek Hit by Cyber Attack
Feb 9 2021 // A cyber attack on Polish video games maker CD Projekt will slow fixes to its flagship Cyberpunk 2077 game and other development work, the company said on Tuesday. CD Projekt said on Twitter the attack compromised some of...
N. Zealand Stock Exchange Cyber Attack also Targeted Insurers, Banks, Financial Firms
Feb 9 2021 // More than 100 banks, exchanges, insurers and other financial firms worldwide were targets of the same type of cyber attack that crippled the New Zealand Stock Exchange in August, though they didn’t suffer the same...
New Cowbell Cyber Partner Program Connects Insureds with Risk Management Services
Feb 9 2021 // Cowbell Cyber, an AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), has launched Cowbell Connect, its partner program which offers policyholders with risk management services to address and...
Researchers Say Machine Learning Boosts Defense Against Multi-Stage Cyber Attacks
Feb 8 2021 // A machine learning algorithm may give organizations a powerful and cost-effective tool for defending against attacks on vulnerable computer networks and cyber-infrastructure, often called zero-day attacks, according to...
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz
Feb 8 2021 // There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of Covid-19 related risks...
Surfacing Emerging Risks From Covid, Cyber, Civil Unrest, Mergers, and More…
Feb 8 2021 // Insurance Journal examined industries experiencing changes and challenges due to the COVID-19 pandemic, societal unrest and other market forces experienced in 2020. Here are 10 industry sectors that could see new and...
How a 2020 Cyber Attack Brought the New Zealand Stock Exchange to Its Knees
Feb 5 2021 // The website of the New Zealand Stock Exchange slowed to a crawl on a Tuesday afternoon in August. It was so badly throttled that the exchange couldn’t post market announcements, as required by financial regulators....
New York Regulator Issues Guidance for Insurers Writing Cyber Policies in the State
Feb 4 2021 // The New York State Department of Financial Services (DFS) has issued new guidance spelling out best practices for New York-regulated property/casualty insurers that write cyber insurance. This serves as the first guidance...
RMS Updates Cyber Application Offerings, Targets ‘Silent’ Cyber Risks
Feb 4 2021 // Catastrophe modeler RMS has made updates to its cyber offerings to target emerging cyber risks. Among the updates is the new Cyber Solutions Version 5.0 application that allows users to price and select cyber risks without...
Making Waves: How New York Became a Leader in State Cyber Regulation
Feb 2 2021 // New York State Department of Financial Services (DFS) Superintendent Linda Lacewell spoke with Elizabeth Blosfield during the most recent episode of the Insuring Cyber Podcast about how she has always seen New York as a...
Revenue-Seeking Cyber Criminals Increasingly Target Businesses Over Individuals
Feb 2 2021 // Cyber criminals shifted away from stealing individual consumers’ information in 2020 to focus on bigger, more profitable attacks on businesses, according to a report from the Identity Theft Resource Center. The...
What Your Clients Need to Know About Cyber Risks
Feb 1 2021 // This post is part of a series sponsored by Hanover Insurance Group Inc. Most businesses recognize a cyberattack can have a potentially devastating effect on their operations. These same businesses have purchased insurance...
SolarWinds Attackers Focused on Cyber and Tech Firms
Jan 29 2021 // Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month focused particular attention on technology companies, including cyber-security firms...
M&T Bank’s Batt, Beazley’s Ingrassia Join AmTrust Cyber Insurance Team
Jan 28 2021 // Specialty insurer AmTrust Financial Services reported that Jeffrey Batt and Michelle Ingrassia have joined its cyber insurance team headed by Aaron Basilius, senior vice president, Cyber. Batt joins AmTrust from M&T...
AXA XL Names Colao as Global Chief Underwriting Officer for Cyber
Jan 28 2021 // AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global chief underwriting officer for Cyber. Colao will manage aggregate cyber exposure across AXA...
South Carolina County Suffers Cyberattack Against Computer Network
Jan 27 2021 // A coastal South Carolina county says hackers broke into its computer network over the weekend. A statement from Georgetown County’s local government Monday said the county’s computer network “suffered a...
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz
Jan 27 2021 // There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of Covid-19 related risks —...
Consumers Open to Sharing Personal Data with Insurers But Worry About Data Security
Jan 26 2021 // If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers can protect their data. The number of consumers willing to share significant data on...
