Lloyd’s to Require Cyber Cover Clarity in Re/Insurance Policies July 8, 2019 Lloyd’s of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused...
Moody’s, Israel’s Team8 to Offer Business Cyber Risk Benchmark for M&As, Insurance June 27, 2019 By Tova Cohen and Ari Rabinovitch Ratings agency Moody’s Corp. and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses...
Iran Increases Cyber Attacks on U.S. Gov’t, Infrastructure: Cyber Security Firms June 24, 2019 By Tami Abdollah Iran has increased its offensive cyber attacks against the U.S. government and critical infrastructure as tensions have grown between the...
British Hacker Gets 4 Years in Jail for TalkTalk Data Breach June 12, 2019 By Jonathan Browning A British man who hacked TalkTalk Telecom Group Plc, blackmailed executives and offered to supply customer data has been jailed...
Hong Kong’s Privacy Watchdog Slams Cathay Pacific for 2018 Data Breach June 10, 2019 Airline Cathay Pacific has been found to have not followed data protection principles in relation to the security of passengers’...
Welcome to the First Edition of Insuring Cyber June 5, 2019 By Elizabeth Blosfield Welcome to the first edition of Insuring Cyber, Insurance Journal’s bi-weekly emailed newsletter for industry professionals wanting to stay informed...
Norsk Hydro’s Core Profit Plunges 82% After March Cyber Attack, Brazilian Spill June 5, 2019 Aluminum producer Norsk Hydro, the victim of a cyber attack in March that paralyzed its IT systems, posted an 82%...
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...
G7 Countries Will Simulate Major Cross-Border Cyber Attack on Financial Sector May 13, 2019 Leading Western industrial powers will for the first time jointly simulate a major cross-border cyber-security attack on the financial sector...
Hackers Steal 7,000 Bitcoins Worth $40M from Cryptocurrency Exchange Binance May 8, 2019 By Eric Lam Binance, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoins worth about $40 million via a single...