Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
The Cyber Risk Pendulum
Apr 1 2024 // Privacy risk is so 2014, right? Ten years ago, numerous retail and healthcare companies were hit with data breaches related to the exposure of credit card or healthcare data. Given many data breach claims, which included...
US Offers $10M Bounty for Information on ‘Blackcat’ Hackers Who Hit UnitedHealth
Mar 28 2024 // The U.S. State Department on Wednesday offered up to $10 million for information on the “Blackcat” ransomware gang who hit the UnitedHealth Group’s tech unit and snarled insurance payments across...
UnitedHealth Offers Over $3.3B in Loans to Providers Hit by Cyberattack on Unit
Mar 28 2024 // UnitedHealth Group said on Wednesday it has advanced more than $3.3 billion in loans to care providers impacted by a cyberattack on the U.S. healthcare conglomerate’s tech unit last month. Earlier this month,...
Man Pleads Guilty to Hacking Computers of Georgia City Police and Medical Clinic
Mar 28 2024 // Robert Purbeck, also known as “Lifelock,” and “Studmaster,” who hacked into the computer servers of the police department of Newnan, Georgia and a medical clinic in Griffin, Georgia, has pleaded...
Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020
Mar 27 2024 // A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of flu season, an audit warned of systemic cybersecurity flaws within the company’s production...
SEC Ramps Up Massive-Hack Probe With Focus on Tech, Telecom Companies
Mar 27 2024 // The US Securities and Exchange Commission is asking tech and telecom companies how they handled the sprawling 2020 SolarWinds cyberattack, and drawing fire from the cybersecurity industry and big business for what they...
Hannover Re Combines Cyber, Digital Underwriting Expertise in New Reinsurance Unit
Mar 26 2024 // Hannover Re will combine its global business in the areas of cyber and digital, creating a new specialty reinsurance business unit, effective April 1, 2024. Hannover Re said the new business unit aims to enhance Hannover...
Markets/Coverages: Marsh Creates Cyber Group Captive for Clients Seeking More Stability in Insurance Programs
Mar 25 2024 // Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the creation of Edgware Re Ltd., a group captive insurance company for organizations seeking more control and stability in their cyber...
North Korean Hackers Stalk Crypto Startups Scrimping on Security
Mar 25 2024 // It’s every cryptocurrency project’s nightmare: Well-resourced hackers — perhaps backed by a rogue state like North Korea — strike out of nowhere, dismantling cyber defenses and making off with millions of...
UnitedHealth Unit Will Start Processing $14B Medical Claims Backlog After Hack
Mar 25 2024 // UnitedHealth Group said on Friday its Change Healthcare unit will start to process the medical claims backlog of more than $14 billion as it resumes some software services disrupted by a cyberattack last month. The company...
Possibility of a Billion-Dollar Systemic Cyber Event ‘Is Real’
Mar 22 2024 // A systemic event and the threat it could pose to insurers’ portfolios is not the million dollar question, but perhaps the billion dollar question, according to Norman Niami, immediate past chairperson and member of...
CyberSaint Raises $21M for Automating, Quantifying Cyber Risk Management
Mar 21 2024 // Boston-based cyber risk management firm CyberSaint reports it has raised $21 million in Series A funding led by Riverside Acceleration Capital. Additional participating investors include Sage Hill Investors, Audeo Capital,...
Chief Risk Officers Say Cybersecurity Most Pressing Risk: Survey
Mar 21 2024 // In an inaugural EY/Institute of International Finance (IIF) global insurance risk management survey, cybersecurity was ranked as the highest concern for chief risk officers. CROs surveyed said the top five risk types or...
US Warns That Hackers Are Carrying Out Disruptive Attacks on Water Systems
Mar 21 2024 // The U.S. government is warning state governors that foreign hackers are carrying out disruptive cyberattacks against water and sewage systems throughout the country. In a letter released Tuesday, National Security Advisor...
People Moves: Sompo Promotes Allen as CUO of Global Markets Commercial P&C Insurance, Succeeding Easton; BMS Taps Howden’s Leahy as Cyber Practice Co-Leader
Mar 20 2024 // This edition of International People Moves details appointments at re/insurer Sompo and the re/insurance broker BMS. A summary of these new hires follows here. Sompo Promotes Allen as CUO of Global Markets Commercial...
Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?
Mar 19 2024 // When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting...
Scranton School District Reports Ransomware Attack
Mar 18 2024 // The Scranton, Pennsylvania school district has been experiencing computer outages due to a ransomware attack last week. “The attack is causing a temporary disruption to some of our computer systems and...
Hackers Roil Entire Industries With Attacks on IT Supply Chain
Mar 14 2024 // Across Paraguay, hackers knocked out online services provided by the foreign ministry and companies. In Sweden, they crippled the payroll and human resources systems of more than 100 government bodies, including the...
Class Action Lawsuits Pile Up Over UnitedHealth Data Breach
Mar 14 2024 // UnitedHealth Group has already been hit with at least six class action lawsuits accusing it of failing to protect millions of people’s personal data from last month’s hack of Change Healthcare, its payment...
Russian Hackers Are Weaponizing Stolen Microsoft Passwords
Mar 13 2024 // A Russian state-sponsored hacking group that stole sensitive data from Microsoft Corp. executives is trying to leverage that information to compromise the company’s source code and other internal systems, according...
