cyber security News

Coalition Enters Canadian Excess Cyber Insurance Market

Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition will provide free access to Coalition’s cyber-security capabilities, including …

Does It Ever Make Sense for Firms to Pay Ransomware Criminals?

The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers for making payments to ransomware criminals. Cyber insurance policies have long covered these ransom costs, and it is widely anticipated …

FBI Working with Iowa College on Data Security Breach

The FBI is now working with Iowa’s Des Moines Area Community College on a data security breach that has led to days of the school being shut down. The security incident closed the college on Friday and forced it to …

As Ransomware Criminals Get More Ruthless, Experts Call for Multi-Pronged Response

Political hand-wringing in Washington over Russia’s hacking of federal agencies and interference in U.S. politics has mostly overshadowed a worsening digital scourge with a far broader wallop: crippling and dispiriting extortionary ransomware attacks by cybercriminal mafias that mostly operate in …

Chinese Military Reported to Be Behind Japan Cyber Attacks

China’s military is thought to have instructed a hacker group to conduct cyber attacks on nearly 200 Japanese research institutions and firms, public broadcaster NHK reported, citing unidentified people in a police investigation. The investigators found a member of China’s …

Cyber Attacks on the Rise for Businesses, Pushing Many to the Brink: Hiscox

British Cyber Security Company Darktrace Plans $4 Billion London Listing

LONDON – Darktrace, the British cyber security firm backed by tech entrepreneur Mike Lynch, fired the gun on its $4 billion London listing on Monday, aiming to raise new funds to accelerate product development and strengthen its balance sheet. The …

CNA Central, CNA Surety Now Back Online; Work on Other Portals Continues

CNA Insurance said it continues to make progress in restoring its operations following a March 21 cyber attack. Today it announced that cna.com, including CNA Central and cnasurety.com, are back online. This means that CNA’s small business agents and brokers …

CNA Says Email Now Safe As Cyber Attack Recovery Progresses

CNA Insurance expects its corporate email and other functions to be fully operational soon as it continues its recovery efforts following a March 21 cyber attack. In an April 1 security update, the company said it is now safe to …

NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S.

The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how they measure their cyber risk …