Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Axon Launches Cyber Insurance Program for SMEs
May 11 2020 // Axon Underwriting Services, a specialty lines program administrator, has added CyberAdvantage to its suite of specialized insurance products for small to medium size enterprises (SME). The proprietary cyber liability...
CyberCube Launches Cyber Analytics Product for Broker Market
May 11 2020 // Cyber risk analytics specialist CyberCube has launched a new software-as-a-service application designed specifically for insurance brokers called “Broking Manager.” “Broking Manager” facilitates...
AXA Ventures Leads $5M Investment in Cyber-Security Startup Hub Security
May 8 2020 // Hub Security, a startup that offers military-grade cyber-security solutions for fintech, cloud, blockchain and data storage, announced it has closed a $5 million Series A funding round led by AXA Ventures, with...
SAP Admits to Security Lapses in Some Products, but Says There Was No Data Breach
May 6 2020 // Business software group SAP disclosed on Tuesday that some of its cloud products did not meet contractual or statutory security standards and said it would take remedial action to fix the problem as soon as possible. The...
Zoom Video Login Details Put on Sale by Hackers on Dark Web: Times Report
May 4 2020 // Hackers put more than half a million login details for the teleconferencing app Zoom on the dark web, the Sunday Times newspaper reported. The logins were put up for sale at 1 pence (1.25 cents) each and were discovered...
Don’t Let Remote Employees Expose Your Business
May 4 2020 // With millions of Americans working at home because of the coronavirus pandemic, the businesses that employ them are more vulnerable than ever to ransomware, phishing and other cyberattacks. It’s essential that...
The Perilous Cannabis, Cyber, COVID-19 Connection
Apr 30 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 pickups and online...
Most Firms Have Some Cyber Insurance But Gaps in Coverage Remain: Survey
Apr 30 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...
Brit Global Specialty Adds Stodolski to U.S. Cyber Team
Apr 23 2020 // Shana Stodolski has been appointed assistant vice president, Cyber, for Brit Global Specialty USA. She will be based in Glastonbury, Conn. and be responsible for supporting the growth and underwriting of cyber insurance...
UniCredit Hackers Try to Sell Employee Data on Cyber-Crime Forums
Apr 21 2020 // Data on about 3,000 UniCredit SpA employees was put up for sale on cyber-crime forums after a hacking attack. The data went on sale on April 19 and contained what the hacker said was information on UniCredit workers,...
Equifax to Pay $18M Over Data Breach Affecting Nearly Three Million Mass. Residents
Apr 20 2020 // One of the largest consumer credit reporting agencies in the country has agreed to pay $18.2 million and undertake significant injunctive relief following a massive data breach in 2017 that compromised the personal...
CyberCube Releases New Edition of Cyber Accumulation Model
Apr 20 2020 // CyberCube, the cyber analytics provider for the insurance industry, has released an updated version of Portfolio Manager, the cyber risk modeling platform. Portfolio Manager allows insurers to stress test re/insurance...
Cowbell Cyber Adds Social Engineering Coverage, Opens Platform to Non-Insureds
Apr 20 2020 // Cowbell Cyber, a startup insurtech using artificial intelligence (AI)-powered cyber insurance for small to mid-sized businesses (SMBs), has added social engineering coverage to its Cowbell Prime 100 cyber insurance...
As Cyber Risks Grow, So Does the Need for Small Business Coverage
Apr 20 2020 // With cyberattacks on the rise and many small businesses unaware of the dangers, independent insurance agents are in a good position to educate clients about their risks, recommend preventative measures, and provide...
Hacking Attacks Against Corporations Double as Employees Work From Home
Apr 17 2020 // Hacking activity against corporations in the United States and other countries more than doubled by some measures last month as digital thieves took advantage of security weakened by pandemic work-from-home policies,...
FBI Says Foreign Government Hackers Target Coronavirus Treatment Research
Apr 17 2020 // A senior FBI cybersecurity official said on Thursday that foreign government hackers have broken into institutions conducting research into treatments for COVID-19, the sometimes fatal respiratory illness caused by the new...
As Attacks Rise, Paladin Offers Cybersecurity Platform Free to Insurance Agencies
Apr 17 2020 // Paladin Cyber is offering independent agents and brokers throughout the U.S. free one-year enrollment in its Paladin Shield cybersecurity platform. The offer is in response to more employees working at home and a sharp...
Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan
Apr 16 2020 // Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She will join Beazley’s executive committee at the same time. Greenwood joined Beazley...
Preventing Losses Due to Growing Cyber Crime During the Coronavirus Crisis
Apr 15 2020 // Powered by InsuranceJournal.tv The insurance industry needs to spend time educating clients on how to best protect themselves as cyber criminals continue to capitalize on new vulnerabilities in the wake of the COVID-19...
Cyber Criminals Increasingly Will Target Top Executives in Ransomware Attacks: Report
Apr 14 2020 // Senior executives increasingly will be targeted by cyber criminals looking for ways to steal money from large corporations, according to a report from cyber analytics provider CyberCube. Organized criminals and hackers are...
