cyber security News

Insurer Mapfre Faces Class Actions Over Data Breach

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 customer data for more …

China’s Huawei Files Lawsuit in Portugal Over Ban on Supplying 5G Equipment

Chinese technology giant Huawei has filed a lawsuit with a Lisbon court against a resolution by Portugal’s cybersecurity council CSSC that effectively bars operators from using its equipment in high-speed 5G mobile networks, the company said. The CSSC is the …

UK’s Voter Register Was Hacked. No One Noticed for 15 Months.

Hackers were able to access UK voter registers undetected for 15 months, the Electoral Commission said, raising questions about data security even as it played down fears about the impact on elections. “Hostile actors” could obtain the name and address …

Rutgers, Stony Brook Among Colleges Warning of Data Exposure From MOVEit Hack

The ongoing cyberattack exploiting MOVEit file-transfer software has taken a toll on US colleges and universities. At least 30 institutions have been notified that personal information of students and employees may have been exposed through vendors — including the Teachers …

Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions (E&O) insurance offerings are now available in Quebec. Brokers can receive highly streamlined quotes for small businesses to large enterprises, …

ECB Cyber Stress Test Won’t Deliver Direct Capital Hit to Banks

The European Central Bank’s cybersecurity stress test next year won’t have a direct impact on capital requirements, limiting the exercise’s potential repercussions for investor payouts. The test will be a learning experience for lenders and the supervisor, ECB officials said …

French, UK Cyber Watchdogs Say Hackers-for-Hire Are Targeting Law Firms

Mercenary hackers increasingly are targeting law firms in a bid to steal data that could tip the balance in legal cases, French and British authorities say, echoing a Reuters investigation that uncovered the phenomenon last year. In a pair of …

Tokio Marine Kiln Sets Up Cyber & Enterprise Risk Division

Specialist insurer Tokio Marine Kiln (TMK) has established a standalone Cyber & Enterprise Risk division as part of its effort to expand its presence in the cyber market. Led by Laila Khudairi, the Cyber & Enterprise Risk division comprises cyber, …

Posing as Islamists, Russian Hackers Take Aim at Sweden

Since February, a mysterious hacker group calling itself Anonymous Sudan has targeted dozens of Swedish airports, hospitals and banks with distributed denial-of-service attacks, ostensibly in response to the burning of a Koran in front of the Turkish embassy in Stockholm …

EU Weighs Cyber Plan Aimed at Keeping Cloud Data in Europe

The European Union is weighing a plan that would require cloud providers to store all of their data within the bloc in order to qualify for its highest cybersecurity certification. ENISA, the EU’s cybersecurity regulator, is drawing up the new, …