Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Cryptocurrency Industry Struggles to Buy Insurance, Hindering Growth Goals
Dec 20 2018 // Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be...
Vullo to Step Down as New York Insurance Regulator; Gov. Cuomo Weighs Successor
Dec 20 2018 // Maria Vullo is stepping down as head of New York’s banking and insurance regulator, she said in an interview, after three years in which she created a national model for cybersecurity regulations at banks and fought...
German Firms Warned About Rising Threat from Chinese Hackers: Report
Dec 19 2018 // Germany’s Office for Information Security (BSI) has issued warnings to several German firms named by the United States as possible victims of hacking attacks, a newspaper reported, adding that Chinese activity...
Carmakers, Ride-Hail Firms Stress Digital Even As Vehicle Cyber Risks Worsen
Dec 18 2018 // Hopping into an Uber or a Car2Go is a great way to get around. Unfortunately, hackers agree, exploiting weaknesses in apps to go on “phantom rides” with someone else’s profile. From such trips—like a...
Doubts About Hotel Industry Cyber Security Pre-Date Marriott Hacking
Dec 17 2018 // Long before Marriott International Inc. disclosed a massive security breach, the hotel industry had earned the dubious reputation as a hospitable place for hackers. Thieves have skimmed credit cards, looted loyalty...
Penn. High Court Rules Employer Has Duty to Safeguard Employees’ Personal Info
Dec 17 2018 // The Pennsylvania Supreme Court has ruled that an employer has a legal duty to use reasonable care in safeguarding its employees’ sensitive personal information stored on an internet-accessible computer. This vacates...
Markel’s Maher Joins AXIS Cyber Team
Dec 14 2018 // AXIS Insurance announced the hiring of Andrew Maher as senior cyber underwriter. Maher joins AXIS from Markel in London, where he spent two years as a senior cyber underwriter. He began his career at Beazley, where he held...
Agents Warned About E&O Risks in Claiming Cyber, Cannabis Expertise
Dec 14 2018 // Insurance agents and brokers who market themselves as experts in cannabis or cyber could wind up regretting that positioning. Because both are relatively new exposures subject to changing regulations and coverages,...
Most UK SMEs Don’t Understand Risks of Cyber Attacks, Data Loss: Aon Poll
Dec 13 2018 // A poll of small and medium-sized enterprises (SMEs) and micro businesses in the UK shows over half are confused by or even unaware of the rules around the EU’s General Data Protection Regulation (GDPR), while more...
Italian Oil Services Firm Saipem Blames Cyber Attack on Shamoon Virus Variant
Dec 13 2018 // A hack on Italian oil services firm Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in...
Sompo International Forms Cyber Team, Expands Insurance Offering
Dec 11 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has expanded its cyber insurance capabilities with the introduction of a dedicated U.S. team focused...
U.S. Warns on Uptick in Chinese Hacking Setting Stage for Future Attacks
Dec 11 2018 // A senior U.S. intelligence official warned on Tuesday that Chinese cyber activity in the United States had risen in recent months, and the targeting of critical infrastructure in such operations suggested an attempt to lay...
Learning from Equifax Breach Where Growth Outpaced Security
Dec 11 2018 // Equifax Inc. failed to modernize its technology security to match the company’s aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the information of 148...
Cyber Attack Targets Italian Oil-Services Firm Saipem
Dec 11 2018 // The Italian oil-services company Saipem SpA is still assessing the scope and impact of a cyber attack that targeted its servers in the Middle East, according to the company’s head of digital and...
Penn. High Court Rules Employer Has Duty to Safeguard Employees’ Personal Info
Dec 10 2018 // The Pennsylvania Supreme Court has ruled that an employer has a legal duty to use reasonable care in safeguarding its employees’ sensitive personal information stored on an internet-accessible computer. This vacates...
University of Central Florida Team Wins National Cybersecurity Competition
Dec 7 2018 // A team from the University of Central Florida has won a national cybersecurity competition. UCF’s Collegiate Cyber Defense Team won the U.S. Department of Energy’s CyberForce National Competition last...
Marriott CFO Says Too Early to Estimate Cyber Breach Costs
Dec 5 2018 // It’s too soon for Marriott International Inc. to estimate the cost of the massive cyber breach that the company disclosed last week, and other companies that have suffered big attacks are imperfect proxies, said...
Progressive to Offer Online Cyber Marketplace to Small Business Owners
Dec 3 2018 // Progressive Insurance will offer small business owners the ability to compare, quote and buy cyber insurance online, alongside other small business coverages, through CyberPolicy, an online cyber insurance marketplace...
Marriott Starwood Data Breach Highlights Silent Cyber Risk in Acquisitions
Dec 3 2018 // Marriott International’s $13.6 billion purchase of Starwood Hotel & Resorts was a bet that its popular loyalty program would bring more travelers to its Courtyards and Residence Inns. It turns out Marriott was...
How the Insurance Market Will Expand in an Age of Autonomous Vehicles
Dec 3 2018 // Though it’s estimated that by 2025, auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage,...
