Most Popular Cyber Headlines This Year
The most viewed headlines from our Cyber Topic Page over the last year.
#1 23andMe Faces Class Action Lawsuit Following Data Breach
Oct 11 2023 // In a move that has come to be expected following most cyberattacks, two victims of the recent 23andMe data breach have filed a class action lawsuit. The suit, filed in U.S. District Court for the Northern District of...
#2 US Seizes BlackCat Ransomware Site, Offering Decryption Tool
Dec 28 2023 // The US Justice Department seized websites belonging to a notorious Russian-speaking ransomware group, upending hackers that have extorted millions of dollars from victims around the world. The website for the extortion...
#3 Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’
May 6 2024 // While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss costs have kept the company away from the risk for...
#4 Travelers to Buy Cyber MGU Corvus for $435 Million
Nov 3 2023 // The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence. “This...
#5 Federal Cyber Insurance Backstop Is Warranted With Focus on Catastrophic Risk
Nov 28 2023 // Much more work and collaboration needs to be done but the U.S. Treasury has reached a “tentative conclusion” that a potential federal cyber insurance backstop will be focused on catastrophic cyber...
#6 BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers
Jun 25 2024 // A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according to Allan Liska, a threat analyst at the security firm Recorded Future Inc. The cybercrime...
#7 Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty
Jan 23 2024 // The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure. An...
#8 Lockbit Hackers’ Swagger on Display After Police Leak Identities Online
Feb 21 2024 // One of the world’s biggest criminal hacking gangs woke up on Tuesday to a startling discovery: Law enforcement, after taking over their main website on Monday, were now threatening to reveal their personal details...
#9 Hackers Demand as Much as $5 Million From Snowflake Clients
Jun 19 2024 // Cybercriminals are demanding payments of between $300,000 and $5 million apiece from as many as 10 companies breached in a campaign that targeted Snowflake Inc. customers, according to a security firm helping with the...
#10 Car Dealerships Across US Halt Services After Cyberattack
Jun 20 2024 // Thousands of car dealerships were ground to a halt during a normally busy holiday Wednesday by a cyber incident at CDK Global, a major software provider for dealers across the US. The company “shut all systems down...
#11 Cyberattacks Over Work Email Most Used; Ransomware Hits Victims Hard: Arctic Wolf
May 21 2024 // Business email compromise is now the top method of cyberattack, according to a survey from cybersecurity firm Arctic Wolf. Of the 1,000 surveyed senior IT and cybersecurity decisionmakers from organizations in more than 15...
#12 FBI Says Chinese Hackers Preparing to Attack US Infrastructure
Apr 19 2024 // Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday. An...
#13 Possibility of a Billion-Dollar Systemic Cyber Event ‘Is Real’
Mar 22 2024 // A systemic event and the threat it could pose to insurers’ portfolios is not the million dollar question, but perhaps the billion dollar question, according to Norman Niami, immediate past chairperson and member of...
#14 Insurer Mapfre Faces Class Actions Over Data Breach
Sep 13 2023 // Two proposed class actions have been filed in federal court in Massachusetts against Mapfre U.S.A. Corp. and its affiliate Commerce Insurance Co. over a recent data breach that one of the lawsuits contends may have exposed...
#15 Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s
Oct 18 2023 // A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from...
#16 Comcast’s Xfinity Reveals Data Breach Potentially Affecting Nearly 36 Million People
Dec 19 2023 // Comcast’s Xfinity has started notifying customers of a data breach that may have revealed information of nearly 36 million people, . Xfinity, Comcast’s brand for broadband, video and phone services, said in a...
#17 Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?
Mar 19 2024 // When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting...
#18 Top Insurance Journal Cyber Stories of 2023
Jan 2 2024 // Data breaches, lawsuits, and ongoing conversations about cyber war exclusions gave Insurance Journal readers much to talk about regarding cyber insurance in 2023. While news of cyber acquisitions, the major themes to look...
#19 Viewpoint: Cyber Insurance Market Themes to Look Out for in 2024
Jan 9 2024 // After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s luck, I wanted to have another roll of the dice in offering my thoughts on cyber insurance...
#20 Hackers Behind MGM Attack Targeting Financial Sector in New Campaign
May 13 2024 // The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers. The group,...
