All the headlines from our Cyber Topic Page, ordered by recency.
Sep 30 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and...
Sep 27 2019 // Coalition, an cyber insurance company focused on small- and midsize-businesses, has expanded its cyber and technology errors and omissions coverage — previously only available to companies with less than $250 million in...
Sep 26 2019 // Airbus SE said it has taken steps to shield itself from cyber attacks targeting the European aerospace and defense company through subcontractors’ computer systems.The maker of passenger planes and military jets is...
Sep 26 2019 // AXA XL and Accenture are partnering to offer global cyber-security expertise to AXA XL’s underwriters, brokers and clients to strengthen their cyber capabilities and recover from cyber attacks.AXA XL — AXA’s...
Sep 25 2019 // Insurance broker Marsh has unveiled the inaugural class of cybersecurity products and services receiving a Cyber Catalyst designation that is part of an evaluation program its backers hope will bring greater clarity in the...
Sep 23 2019 // There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions...
Sep 18 2019 // When it comes to cybersecurity, Americans say they are concerned, but many are not taking the preventative steps needed to protect themselves from a cyber attack.According to Chubb’s Third Annual Cyber Report,...
Sep 18 2019 // A majority of busy board members and senior executives, who are responsible for their organization’s cyber risk management, spent less than a day in the last year to focus on cyber risk issues, according to a new...
Sep 17 2019 // Coalition, a cyber insurance agency for small and midsize businesses, has launched an incentive program to reward policyholders who implement multi-factor authentication (MFA, also commonly known as 2FA) on their business...
Sep 16 2019 // The U.S. Commodities Futures Trading Commission (CFTC) said that a Chicago-based futures brokerage will pay a total of $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million...
Sep 16 2019 // Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways.The San Francisco-based managing general agency describes itself as an “end-to-end cyber...
Sep 16 2019 // As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear.A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the...
Sep 12 2019 // Kovrr, a Tel Aviv-based predictive cyber risk modeling company, announced a $5.5 Million financing round.The funding round was led by StageOne Ventures, Mundi Ventures and Innocells (the corporate venture arm and digital...
Sep 10 2019 // Texas authorities say they aren’t aware of any money paid to hackers who used ransomware to target more than 20 communities last month.The Texas Department of Information Resources said in a statement that more than...
Sep 9 2019 // The FBI is investigating after computer hackers managed to steal about $4.2 million in funds from a pension system for retired Oklahoma Highway Patrol troopers and other state law enforcement officers, state officials said...
Sep 9 2019 // As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear.A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the...
Sep 9 2019 // A Massachusetts mayor says hackers demanded $5.3 million from his city in a ransomware attack this summer.New Bedford Mayor Jon Mitchell disclosed Wednesday that a variant of the Ryuk virus blocked access to information on...
Sep 5 2019 // I had the opportunity recently to read two cyber liability policies and they honestly made my head spin a little. There were coverages that I hadn’t thought about and restrictions that didn’t make sense (at...
Sep 3 2019 // The ransomware attacks on public entities in Texas, Florida, Maryland, Georgia and elsewhere this year have raised questions not only about paying ransoms but also about the role of insurance in helping these targets get...
Aug 28 2019 // State biometrics laws, a new ransomware threat and the targeting of financial institutions are among the recent trends in cyber risks, according to insurer Chubb in a new report.The insurer cites a recent surge in lawsuits...