Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
British Airways Faces Record $230M Fine for Data Breach Under New GDPR Rules
Jul 8 2019 // British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK’s Information...
Lloyd’s to Require Cyber Cover Clarity in Re/Insurance Policies
Jul 8 2019 // Lloyd’s of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both brokers and...
Data Breaches That Take Minutes to Occur, Often Require Months to Discover
Jul 3 2019 // While it typically only takes a short amount of time for a successful breach to compromise data, the amount of time it takes for a breach to be discovered is more likely to be months. This means businesses susceptible to a...
Anxiety, Policy Limits Rising Ahead of California’s Sweeping Data Privacy Law
Jul 1 2019 // Robert L. Wallan’s clients are keeping him quite busy as they fret about the implementation next year of the nation’s most far-reaching data privacy law, which gives California consumers more control over their...
Second Florida City Pays Hackers As Third City Faces Breach
Jun 28 2019 // A second small Florida city this month has paid hundreds of thousands of dollars to hackers who took over most of its computer operations, an official said Wednesday, while a third Florida city said its data was...
Cyber Risks Are Jeopardizing M&A Deals
Jun 28 2019 // Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done. Of more than 2,700 information...
Delaware Data Breach Impacts 95K Residents
Jun 27 2019 // The Delaware Department of Insurance recently received notice of a data security breach suffered by Dominion National, an insurer and administrator of dental and vision benefits, that impacted 95,000 Delaware residents. On...
Moody’s, Israel’s Team8 to Offer Business Cyber Risk Benchmark for M&As, Insurance
Jun 27 2019 // Ratings agency Moody’s Corp. and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global benchmark. Cyber...
Beazley Snares Cyber Underwriters from Chubb, Gallagher for U.S. Regions
Jun 26 2019 // Specialty insurer Beazley has hired two cyber and technology underwriters in the U.S. to meet growing demand from middle market businesses for insurance cover for cyber, data security and privacy exposures. Jennifer...
Telecoms Have Lost Vast Data to Chinese Hackers Over 7 Years, Security Firm Says
Jun 26 2019 // Hackers broke into the systems of more than a dozen global telecom firms and stole huge amounts of data in a seven-year spying campaign, researchers from a cyber security company said, identifying links to previous Chinese...
Iran Increases Cyber Attacks on U.S. Gov’t, Infrastructure: Cyber Security Firms
Jun 24 2019 // Iran has increased its offensive cyber attacks against the U.S. government and critical infrastructure as tensions have grown between the two nations, cyber-security firms say. In recent weeks, hackers believed to be...
Facebook Faces Lawsuit for Data Breach Affecting Nearly 30 Million Users
Jun 24 2019 // Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege. The company’s disclosure in September that...
Florida City Pays $600K to Hackers to Save Computer Records
Jun 21 2019 // A Florida city agreed to pay $600,000 in ransom to hackers who took over its computer system, the latest in thousands of attacks worldwide aimed at extorting money from governments and businesses. The Riviera Beach City...
Canada’s Desjardins Blames Employee for Leak of Personal Details of 2.9M Customers
Jun 21 2019 // Desjardins Group, the largest financial co-operative in North America, said an “ill-intentioned” employee illegally exposed the personal information of some 2.9 million credit union members in one of...
Aspen Insurance Launches Cyber Risk Management Platform ‘SSIMPLE’
Jun 19 2019 // Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced the launch of its cyber risk management platform, SSIMPLE, which was developed to assist clients in the prevention and detection of, and...
State of the Cyber Insurance Market- Top Trends, Insurers and Challenges: A.M. Best
Jun 18 2019 // The cyber insurance market continues to grow and underwriting performance in this line remains strong, according to a new industry report. Direct premiums written for both standalone and packaged cyber policies grew about...
Data Deficit Remains Key Challenge for Cyber Insurance Underwriters
Jun 18 2019 // While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. “It’s...
Insurance Journal Announces the Launch of Cyber Newsletter
Jun 13 2019 // San Diego, CA, June 13, 2019 – Today, Insurance Journal premiers a brand new bi-weekly newsletter for insurance professionals and risk managers who are serious about cyber. It’s called “Insuring Cyber”....
Aon’s Specht Joins Cyber Insurance Agency Coalition as the Head of Affinity
Jun 12 2019 // Cyber insurance and cybersecurity agency Coalition announced the addition of Brian Specht as the head of Affinity to help the agency reach a broader spectrum of businesses and industries. Specht brings 30 years of...
British Hacker Gets 4 Years in Jail for TalkTalk Data Breach
Jun 12 2019 // A British man who hacked TalkTalk Telecom Group Plc, blackmailed executives and offered to supply customer data has been jailed for four years. Daniel Kelley, 22, was sentenced after pleading guilty to 11 charges of...
