energy cyber security News

Colonial Pipeline’s Cyber Insurers Include AXA XL, Beazley

Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd’s of London insurers AXA XL and Beazley among the underwriters, three sources told Reuters on Thursday. Colonial Pipeline has begun to restart the nation’s largest fuel pipeline network after …

Threat of Cyber Attack Keeps One UK Energy Executive Awake at Night

Imagining the fallout from a successful computer hack is keeping one British energy executive awake at night. “An attack could be enough to destroy a business if it’s not handled properly,” Michael Lewis, chief executive officer of EON SE’s U.K. …

Energy Sector Cyber Insurance, Cybersecurity Struggles Leave Taxpayers, Customers Exposed

Insurers are limiting how much coverage energy companies can buy to protect themselves against a major attack by hackers, potentially leaving investors, customers and taxpayers on the hook for sizable losses. Brit Insurance, a syndicate that works with Lloyd’s of …