Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
London Market Broker BMS Partners with BitSight to Provide Cyber Risk Analysis
Jun 11 2019 // BMS Group, the London-based independent specialist re/insurance broker, has partnered with BitSight, a cyber security ratings company, to provide cyber risk analysis services to BMS clients across all lines of...
Insurance Journal Announces the Launch of Cyber Newsletter
Jun 11 2019 // San Diego, CA, June 11, 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”....
Hong Kong’s Privacy Watchdog Slams Cathay Pacific for 2018 Data Breach
Jun 10 2019 // Airline Cathay Pacific has been found to have not followed data protection principles in relation to the security of passengers’ personal data, Hong Kong’s privacy watchdog said in a report published on...
Two New London Market Model Cyber Exclusion Clauses Published by IUA
Jun 6 2019 // Two new London Market model clauses to help underwriters manage cyber losses have been published by the International Underwriting Association (IUA). The wordings have been developed in order to address issues of...
Beazley Updates MediaTech Policy with E&O, Cyber Coverage
Jun 6 2019 // Specialist insurer Beazley has streamlined its MediaTech insurance policy to provide clear and concise wording and combined comprehensive errors and omissions (E&O) and media liability insurance with cyber...
Welcome to the First Edition of Insuring Cyber
Jun 5 2019 // Welcome to the first edition of Insuring Cyber, Insurance Journal’s bi-weekly emailed newsletter for industry professionals wanting to stay informed about the world of cyber. Cyber insurance has been an evolving area...
Insurance Journal Announces the Launch of Cyber Newsletter
Jun 5 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. This newsletter is an in-box resource for...
Norsk Hydro’s Core Profit Plunges 82% After March Cyber Attack, Brazilian Spill
Jun 5 2019 // Aluminum producer Norsk Hydro, the victim of a cyber attack in March that paralyzed its IT systems, posted an 82% drop in first-quarter core profit on Wednesday and said a rise in global uncertainty could impact its...
CyberPolicy Launches Coverage for Small, Medium-Sized Businesses
Jun 3 2019 // CyberPolicy, an online marketplace designed for small and medium-sized businesses (SMBs) to compare, quote, and buy cyber insurance, has released CyberPolicy Genesis, a one-click cyber insurance product. Starting at just...
Ransomware Attacks More Than Double in Q1 2019: Beazley
Jun 3 2019 // Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reported a 105% increase in ransomware attack notifications against clients compared to Q1...
The Hartford Adds Cybersecurity Training to Cyber Offering for Businesses
May 31 2019 // The Hartford has partnered with Mimecast, an email and data security company, to offer Mimecast Awareness Training services designed to help customers reduce the risk of a cybersecurity incident before it occurs. According...
Cyber MGU At-Bay Launches Excess Policy for High Revenue Clients
May 29 2019 // Cyber insurance MGU At-Bay has launched an excess cyber insurance policy for clients with up to $5 billion in annual revenue, with available limits up to $10 million. At-Bay developed this product to fulfill broker demand...
CFC Designs New Broker Platform for Its Cyber Insurance Products
May 24 2019 // Specialist insurer CFC is debuting a new broker platform designed to facilitate the sale of its cyber insurance products to small- and medium-sized businesses. The idea is that London, UK-based company’s cyber...
Ransomware Attacks Skyrocketed in Q1: Beazley
May 24 2019 // Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reported a 105% increase in the number of ransomware attack notifications against clients...
HSB Launches Cyber Insurance Endorsement for Farmers
May 23 2019 // Hartford Steam Boiler (HSB) has launched a new HSB Farm Cyber Insurance product designed to protect farmers and farm technology from hackers, malware and other cyber attacks. According to James Hajjar, who leads the cyber...
Baltimore to Get Property Sales Moving Amid Cyber Attack
May 20 2019 // Baltimore, Md., officials say they have a plan to get the city’s real estate market moving again in the midst of a crippling ransomware attack. A manual workaround for property sales during the recovery will begin...
UK Risk Managers List Brand Damage, Brexit, Cyber Attacks as Top 3 Business Risks
May 20 2019 // The top three risks facing UK risk managers are reputational damage, Brexit and cyber attacks, according to Aon’s 2019 Global Risk Management Survey of thousands of risk managers across 60 countries and 33...
Protecting Your Agency and Educating Your Clients On Cybersecurity
May 20 2019 // It’s no secret that having the right technology is critical to being a successful independent agent. But as independent agents embrace technology, they must also be aware of the risks for cyberattacks and know how to...
Cyber Confusion: What’s Needed to Create a Sustainable Cyber Market
May 20 2019 // There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep...
Cyber Liability Policies – Who Needs Them?
May 20 2019 // Cyber insurance appears to still be a mystery, although the first cyber liability policies appeared 20 years ago. What is covered? What is excluded? Why does the customer need it? Does the customer need it? All of these...
