Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Israel Thwarts Major Cyber Attack Against Its Water Systems
May 29 2020 // Israel’s national cyber chief Thursday officially acknowledged the country had thwarted a major cyber attack last month against its water systems, an assault widely attributed to arch-enemy Iran, calling it a...
AAIS, Berkley Re Solutions Launch Cyber Protection Product for Families
May 28 2020 // AAIS (the American Association of Insurance Services) and Berkley Re Solutions, a Berkley Company (BRS), have launched Family Cyber Protection Solution, a new product designed to protect consumers as cyber threats and...
Former Student Sues Kansas’ Wichita State University over Data Breach
May 27 2020 // A former student at Wichita State University in Kansas has filed a federal lawsuit against the school over a December data breach that exposed the personal information of thousands of current and former students. Michael...
Florida Unemployment System Hit by Data Breach
May 26 2020 // Some Florida residents who have made unemployment claims may have had personal data stolen, officials said Thursday. The Florida Department of Economic Opportunity has notified 98 people who were part of a data breach...
EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks
May 26 2020 // A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday. This would involve...
Willis Towers Watson Launches Customized Cyber Insurance for Shipowners
May 26 2020 // Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The new product addresses the growing need for an explicit marine cyber solution, built from the...
Coalition Launches Cyber Insurance and Security Coverage in Canada
May 22 2020 // Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses. The San Francisco-based company described the offering as proactive...
Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion
May 21 2020 // Coalition, an insurtech managing general agency focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global...
Coalition in California Raises $90M to Grow Internationally
May 20 2020 // San Francisco, Calif.-based Coalition, a cyber insurance and security company, announced it has raised $90 million in equity capital to support its growth and global expansion. Valor Equity Partners led the funding with...
Allianz Group Appoints Richter to Lead Cyber Center of Competence
May 20 2020 // Dr. Catharina Richter will be appointed global head of Cyber Center of Competence for Allianz Group, effective June 1, 2020. The Cyber Center of Competence (CoC) coordinates and steers cyber risk underwriting and...
Chinese Hackers Blamed for Accessing Records of 9 Million easyJet Customers
May 19 2020 // Chinese hackers are suspected of accessing email and travel details of about nine million easyJet customers, said two sources familiar with the investigation into a cyber attack disclosed by the British airline on...
Texas Transportation Agency Hacked in 2nd Attack on State Government
May 19 2020 // Texas’ transportation agency has become the second part of the state government to be hit by a ransomware attack in recent days. Someone hacked into the Texas Department of Transportation’s network in a...
Show Them the Money: Cyber Attackers Desire Financial Gain More Than Espionage
May 19 2020 // Money trumped spying as the top motivator for data breaches last year, according to Verizon’s annual report on cyber crimes published on Tuesday. About nine out of 10 breaches were financially motivated, based on an...
How Do Cyber Policies Stand-Up in a Pandemic?
May 18 2020 // We are in unprecedented times. If you’re like us, you suddenly found yourself and your company operating entirely remotely and have remained working this way for quite some time. Such an abrupt change can be a...
Gaps in Coverage Remain Despite Most Firms Having Some Cyber Liability Insurance: Survey
May 18 2020 // The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in...
Why Current Cyber Risk Management Techniques Are Inadequate
May 18 2020 // Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains poor, and overstated...
The Perilous Cannabis, Cyber, COVID-19 Connection
May 18 2020 // Cannabis, cyber and COVID-19 — the three Cs may have more in common than meets the eye. Cannabis dispensaries, now considered essential businesses in many states, have stepped up deliveries, curbside picksups and...
Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding
May 15 2020 // Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence...
Texas Appellate Courts Won’t Pay Ransom After Cyber Attack
May 15 2020 // Texas courts have been hit with a ransomware attack that took down the website and case management systems for the state’s appellate and high courts. The attack on the courts’ network was discovered by staff on...
EC3 Brokers Launches Casualty and Cyber Specialty Division
May 12 2020 // EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division. Lane is joined by Dominic Toogood and Gary Moore. All three joined on May 1 and initially will...
