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Business Email Attacks on the Rise; Office 365 Users Hardest Hit: Beazley

Attacks targeting business email accounts continued to climb in the second quarter. Hardest hit were organizations using Office 365, the popular cloud-based product, according to data released by specialty insurer Beazley. Email compromises accounted for 23 percent of incidents reported …

Lawsuit Says Equipment Led Delaware Firefighter to Fall from Helicopter

A lawsuit charges that improper equipment led a Delaware firefighter to fall to his death from a helicopter during a 2016 training exercise. The News Journal of Wilmington reported that firefighter Timothy McClanahan’s family filed the lawsuit this month. The …

Maryland Hits Record-High Drug Deaths, Fueled by Fentanyl

Maryland, a state that already had one of the country’s most punishing overdose mortality rates, notched a record-high number of drug deaths last year. The grim milestone was fueled by an alarming increase of fentanyl-related fatalities. Despite renewed efforts to …

Boy’s Death During Boating Safety Lesson in New York Results in New Law

A Long Island county where a 12-year-old boy died during a boating safety lesson now has a new law aimed at preventing such tragedies from happening again. Newsday reports that Suffolk County Executive Steve Bellone signed Ryan’s Law on Saturday …

India Weighs Comprehensive Data Privacy Bill, Similar to EU’s GDPR

A draft of a sweeping data privacy bill has been submitted to India’s government that, if enacted, will restrict the transfer and storage of information on more than 1 billion people by global technology corporations from Facebook Inc. to Google. …

Travelers Seeks Review of Court Ruling on Crime Insurance Loss Involving Email Fraud

Travelers Insurance is seeking a full Sixth Circuit court reconsideration of its three-judge panel ruling that said the insurer’s crime insurance policy’s computer fraud clause covered a loss due to money transfer involving fraudulent emails. In seeking an en banc …

Hanover Hires Munich Re’s Cernak to Head Cyber Practice

The Hanover Insurance Group, Inc. has appointed Eric C. Cernak has the head of its cyber practice. In this role, Cernak is responsible for overseeing corporate cyber strategy across all of its commercial lines and specialty businesses, to ensure a …

Hong Kong Insurer FWD Group Eyes Singapore Listing

Hong Kong billionaire Richard Li’s FWD Group is considering listing in Singapore with a dual-class structure, as the insurer moves ahead with its initial public offering preparations, people with knowledge of the matter said. FWD is discussing with advisers the …

AXIS Launches AXIS Digital Ventures to Accelerate Innovation via Insurtech Partners

AXIS Capital Holdings Ltd. announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with insurtech companies that focus on high value re/insurance applications, new product opportunities and new distribution and re/insurance business …

UK Retailer Dixons Carphone Reveals 2017 Cyber Attack Hit 10 Million Data Records

British electricals and mobile phone retailer Dixons Carphone said on Tuesday that about 10 million records containing personal data of customers may have been obtained in a cyber attack in 2017, much higher than its earlier estimates. The company, which …

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