Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
How Intellectual Property Compares with Cyber
Aug 19 2019 // Intellectual property (IP) is an area of risk that is underinsured and one that presents interesting opportunities for agents and brokers, according to Erik Alsegard, Intellectual Property practice leader for CFC...
Prosecutors Allege Capital One Suspect Hacked 30 Other Companies
Aug 16 2019 // The Seattle woman accused of hacking into Capital One Financial Corp.’s cloud and stealing personal information on more than 100 million Americans also broke into servers of more than 30 other companies, the U.S....
Hacker Attack Causes European Central Bank to Shut Down a Website
Aug 15 2019 // The European Central Bank (ECB) shut down one of its websites on Thursday after it was hacked and infected with malicious software. The ECB said no market-sensitive data had been compromised during the attack on its...
Canada’s Desjardins Reports Costs of $53M Related to Data Breach
Aug 13 2019 // Canadian lender Desjardins Group said on Monday it spent C$70 million ($53 million) in the second quarter related to a data privacy breach earlier this year that exposed personal information of 2.9 million members. The...
Paychex Now Offering Cyber Liability Insurance to Payroll Clients
Aug 13 2019 // Payroll management firm Paychex is now making cyber liability insurance available to its clients through Paychex Insurance Agency and AXIS Insurance Co. The policy helps business owners mitigate the potential financial...
Car Makers Befriend Hackers to Learn About Cyber Vulnerabilities
Aug 13 2019 // At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving...
Chubb Launches Combined Product for Professional Service Firms
Aug 12 2019 // Chubb has introduced a new offering designed to help professional service firms mitigate a variety of exposures that can impact their businesses. The new Pro ERM offering combines miscellaneous professional liability,...
Remote Workers Can Be Big Cyber Risk for Small Businesses
Aug 9 2019 // Remote employees place businesses at risk, yet many small business owners are not properly mitigating potential cyberthreats, nor are they adequately protecting their employee platforms, a new report says. As work-life and...
As Breaches Rise, So Do Cybersecurity Pros’ Paychecks
Aug 8 2019 // It took a $650,000 salary for Matt Comyns to entice a seasoned cybersecurity expert to join one of America’s largest companies as chief information security officer in 2012. At the time, it was among the most...
Naples, Florida Loses $700K in Spear Phishing Cyberattack
Aug 8 2019 // Officials in the southwest Florida city of Naples say they lost $700,000 in a recent cyberattack. The Naples Daily News reports that the attack was a “spear phishing” effort targeting a specific person or...
California Leads Nation in SMB Cyber Insurance Adoption, Report Shows
Aug 6 2019 // California leads the nation in small to mid-size business cyber insurance adoption, according to a report released on Tuesday by CyberPolicy. The report shows the highest annual premium in the state totaled more than...
It’s Not Easy to Pin Identity Theft on a Specific Data Breach
Aug 6 2019 // Equifax 2017. Marriott 2018. Capital One 2019. Data breaches through hacking attacks are distressingly common these days, and personal details about you can lead to identity theft, such as credit cards and loans in your...
Delaware Insurance Data Security Act Signed into Law
Aug 6 2019 // Delaware Governor John Carney signed House Bill 174, titled the Delaware Insurance Data Security Act, into law on Wednesday, July 31, 2019. This law is based on an NAIC Model Act, which establishes a comprehensive...
After Cyberattack, Nebraska Schools Could Face High Costs
Aug 5 2019 // A cyberattack on a suburban Omaha, Nebraska, school district touched off an FBI investigation and is proving to be a significant, and perhaps costly, inconvenience. Papillion-La Vista Community Schools officials said the...
Nebraska Insurer, Ameritas: Data Breach Possibly Exposed Customers’ Info
Aug 1 2019 // Lincoln, Nebraska-based insurance and finance company Ameritas has notified customers that their personal information may have been exposed in a data breach. The Lincoln Journal Star reports that the company said in a...
Capital One Breach Clouds Technology Strategy; Puts $400M Cyber Insurance in Play
Aug 1 2019 // Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The cloud is faster. And the cloud is far more secure. Then a hacker got into the cloud, siphoning off sensitive...
Businesses Believe Cyber Insurance Covers More Than It Does: Survey
Jul 31 2019 // Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee,...
Capital One Investors Wary of Reputational Impact of Data Breach
Jul 31 2019 // Capital One Financial Corp.’s assurances that a major data breach would have a limited impact on customers or profit failed to convince investors on Tuesday, with the bank’s shares closing down 5.9%. Capital...
A Year after GDPR, How Can U.S. Insurers Prepare for Data Privacy Regs Closer to Home?
Jul 30 2019 // More than a year after the European Union implemented its General Data Protection Regulation (GDPR), U.S. insurers are examining what they can learn as they prepare for the implementation of similar data privacy laws in...
Willis Towers Watson, Lockton, Markel International Appoint New Cyber Chiefs
Jul 30 2019 // Willis Towers Watson, Lockton and Markel International each have appointed new cyber chiefs. Willis Towers Watson has appointed Peter Foster as chairman of Global FINEX Cyber and Cyber Risk Solutions. Foster has been with...
