Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Cyber Ranks as Top Peril for Companies Globally for 1st Time: Allianz Survey
Jan 15 2020 // Cyber incidents rank for the first time as the most important business risk globally, pushing the perennial top peril, business interruption (BI), into second place, according to the ninth Allianz Risk Barometer...
Brit Global Specialty Names AIG’s Ruhlman to U.S. Cyber Team
Jan 14 2020 // Brit Ltd. has named Douglas Ruhlman as assistant vice president, Cyber, for Brit Global Specialty USA. Ruhlman will work to support the underwriting and growth of Brit’s U.S. cyber portfolio. He will report to Jeff...
Forex Firm Travelex Restores Some Online Services After Ransomware Attack
Jan 14 2020 // Travelex is restoring operations to process foreign exchange orders electronically, it said on Monday, almost two weeks after cyber hackers took hold of its systems, leading to a global blackout of its online...
Insurance Journal’s Top 10 Cyber Insurance Stories of 2019
Jan 10 2020 // An A.M. Best report released in June gave a comprehensive look at the state of the cyber insurance market for 2018, the most recent year data was available, stating that it has seen continued growth and underwriting...
Las Vegas Reports Cyber Attack Breached City’s Computers
Jan 10 2020 // Las Vegas officials said that that a cyber attack breached the city’s computer systems, but it wasn’t immediately clear if any sensitive data was compromised. City officials were alerted to the breach around...
Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube
Jan 9 2020 // The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime, according to experts at CyberCube, the cyber risk analytics firm. Travelex announced this week...
Beazley and RenaissanceRe Launch Cyber Catastrophe Cover Backed by Capital Markets
Jan 9 2020 // Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind the deal will be provided...
Texas Governor Warns of 10K per Minute Attempted Cyber Attacks from Iran
Jan 8 2020 // Gov. Greg Abbott is warning Texans to be “particularly vigilant” regarding potential cyber terrorism from Iran, suggesting that heightened tensions with the country have caused an increase in attempted attacks...
Update: U.K.-Based Foreign Exchange Firm, Travelex, Crippled by Ransomware Attack
Jan 8 2020 // Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said cyber hackers were holding its systems to ransom, leading to a global blackout on its online currency...
Insurance Journal’s Top 10 Cyber Risk Stories of 2019
Jan 7 2020 // Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said...
Some Systems Restored After New Orleans Cyberattack
Jan 7 2020 // About three weeks after a cyberattack on New Orleans city computers forced a shutdown, an official says some systems are ready to go back online. Public safety tools including the court system were scheduled to be up and...
Climate Change, Cyber Warfare Risks Are Key London Market Issues for 2020: IUA
Jan 3 2020 // Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in its business plan for 2020. The association said it is establishing a new market...
Alaska Air Carrier Revises Estimate of Damage from Cyber Attack
Jan 2 2020 // An Alaska air carrier that suffered a cyber attack has experienced more disruption than initially projected, according to a company announcement. The RavnAir Group on Dec. 20 experienced what it called a...
Insurance Journal’s Top 10 East Region Stories of 2019
Jan 2 2020 // A new year is a time of reflection for some, and last year, the city of Boston began 2019 by reflecting on an important piece of the city’s history: the 100-year anniversary of The Great Molasses Flood. The flood,...
Wawa Facing Lawsuits Over Data Breach at All of Its Stores
Dec 31 2019 // The Wawa convenience store chain is facing a wave of lawsuits over a data breach that affected its 850 locations along the East Coast. Wawa Inc. discovered malware on its payment processing servers this month before...
Florida City to Pay for ID Monitoring for 60K After Cyberattack
Dec 27 2019 // A Florida city is offering to pay for identity protection monitoring for up to 60,000 people following a cyberattack that crippled Pensacola’s computer systems for days. The News Journal reports Pensacola Mayor...
Health Provider in Arizona to Pay $6M Settlement in Breach
Dec 24 2019 // A Phoenix, Ariz.-based health provider has agreed to settle a lawsuit over a computer data breach that may have compromised health and personal data of about 3 million patients, employees, health insurance customers and...
Vietnam-Linked Hackers Steal Intellectual Property from Competitors: Experts
Dec 24 2019 // A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber attacks to spy on competitors and help Vietnam catch up to global competitors, according to cyber-security...
Massachusetts Auditor Says Revenue Department Needs to Better Protect Data
Dec 24 2019 // The Massachusetts Department of Revenue needs to do more to protect the security of taxpayer and business data, the state auditor said Monday. Auditor Suzanne Bump said an audit found the department was not prepared to...
Coalition Adds California Consumer Protection Act Endorsement
Dec 24 2019 // San Francisco, Calif.-based Coalition, a cyber insurer for small and midsize businesses, has added an endorsement that broadens its coverage to protect against additional violations brought under California Consumer...
