Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
INSTANDA Launches Cyber Insurance Product in Africa
Oct 16 2020 // INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on its platform with newly onboarded client, Standard Bank South Africa. INSTANDA...
G7 Leaders Vow to Combat Surging Ransomware Attacks Against Financial Services
Oct 15 2020 // Financial leaders of the world’s seven biggest economies on Tuesday vowed to fight rising ransomware attacks amid the COVID-19 pandemic, and said no stablecoin operation should start until it is properly...
Weighing Effects of Treasury’s Ransomware Pay Warnings on Cyber Victims and Insurers
Oct 15 2020 // Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or handle such situations, according to experts. However, the advisories are likely to up...
Beazley’s Keefe Moves to Marsh to Lead Cyber Incident Management Team
Oct 14 2020 // Insurance broker Marsh announced the appointment of Katherine Keefe as U.S. Cyber Incident Management leader. In this newly created role, Keefe will be responsible for leading Marsh’s efforts to assist clients...
Twitter Security Failure Prompts Call for Regulating Internet Giants as Systemic Risks
Oct 14 2020 // Twitter Inc. suffered from cybersecurity shortfalls that enabled a “simple” hack attributed to a Florida teenager to take over the accounts of several of the world’s most famous people in July, according...
New Jersey Urges Vigilance as Data Breaches, Online Threats Rise During Pandemic
Oct 12 2020 // As October’s National Cybersecurity Awareness Month is underway, New Jersey Attorney General Gurbir S. Grewal warned residents of the state that data breaches, internet fraud and online threats are on the rise. With...
Container Shipping Group CMA CGM Restores Online Business After Cyber Attack
Oct 12 2020 // CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralyzed activity. France-based CMA CGM first reported the incident on...
Hackers-for-Hire Group Targets Officials, Activists, Executives in Middle East
Oct 7 2020 // Saudi diplomats, Sikh separatists and Indian business executives have been among those targeted by a group of hired hackers, according to research published on Wednesday by software firm BlackBerry Corp. The report on the...
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More
Oct 7 2020 // The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of...
Judge Orders Cisco to Pay $1.9 Billion in Cybersecurity Patent Lawsuit
Oct 6 2020 // A U.S. judge on Monday ordered Cisco Systems Inc. to pay $1.9 billion to a Virginia company that accused it of copying its cybersecurity patents. U.S. District Judge Henry Morgan in Norfolk, Virginia, concluded after a...
The Most Expensive Data Breach You’ll Ever Have
Oct 5 2020 // Last week, a producer in one of my classes was distracted beyond belief — fidgeting with his mobile device, sending emails, and texting. As happens to most of us when we’re nervous, his leg was shaking like a...
Remote Work: Protecting Against Employee Crime
Oct 5 2020 // The business landscape has changed drastically over the past several months as the world has struggled to combat and adapt to a global health crisis. Many organizations successfully pivoted their workforce to remote work,...
Russia-Backed Hackers Behind Most Nation-State Cyber Attacks: Microsoft
Oct 2 2020 // Russia-based hackers are responsible for the majority of nation-state attacks on Microsoft customers, according to new data from company. Microsoft Corp. has issued 13,000 alerts about nation-state hacking attempts to its...
U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands
Oct 1 2020 // The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories,...
CFC Upgrades Cyber Incident Response Mobile App
Sep 30 2020 // CFC has upgraded its cyber incident response mobile app to provide proactive and targeted cybersecurity alerts for CFC cyber insurance policyholders and immediate access to cyber security risk mitigation experts. Using the...
Health Insurer Anthem Settles States’ Cyber Breach Probe for $40 Million
Sep 30 2020 // Anthem Inc. said on Wednesday it would pay $39.5 million as part of a settlement with U.S. states attorneys general following an investigation into a massive cyber-attack at the company in 2015. The second largest U.S....
Allianz Adds 3 From Argo to Cyber Insurance Team
Sep 30 2020 // Allianz Global Corporate & Specialty (AGCS) has made several hires to strengthen its cyber insurance underwriting team: Tresa Stephens as regional product leader; Josh Navarro, executive underwriter; and Ed Lee,...
Insurance Broker Gallagher Reports Ransomware Attack
Sep 29 2020 // Insurance broker Arthur J. Gallagher & Co. and its claims unit, Gallagher Bassett, reported that a ransomware incident that happened on Saturday, Sept. 26 limited some of its internal systems. In a filing with the...
Washington Officials Say State Being Targeted by Phishing Campaign
Sep 28 2020 // Washington state is among those being targeted by a “large-scale, highly sophisticated” nationwide phishing campaign, the office of Gov. Jay Inslee said. At a press conference Thursday, Inslee said that the...
Texas Software Provider to Local Governments Reports Data Breach
Sep 25 2020 // A Texas-based provider of software services to local governments and schools across the United States, Tyler Technologies, told customers on Sept. 23 that an unknown intruder broke into its phone and information technology...
