All the headlines from our Cyber Topic Page, ordered by recency.
Aug 1 2019 // Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The cloud is faster. And the cloud is far more secure.Then a hacker got into the cloud, siphoning off sensitive...
Jul 31 2019 // Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee,...
Jul 31 2019 // Capital One Financial Corp.’s assurances that a major data breach would have a limited impact on customers or profit failed to convince investors on Tuesday, with the bank’s shares closing down 5.9%.Capital One...
Jul 30 2019 // More than a year after the European Union implemented its General Data Protection Regulation (GDPR), U.S. insurers are examining what they can learn as they prepare for the implementation of similar data privacy laws in...
Jul 30 2019 // Willis Towers Watson, Lockton and Markel International each have appointed new cyber chiefs.Willis Towers Watson has appointed Peter Foster as chairman of Global FINEX Cyber and Cyber Risk Solutions. Foster has been with...
Jul 30 2019 // The 2018 Verizon Data Breach Investigations Report cited that 58% of cyber-attack victims were small businesses, and the 2019 Symantec Internet Threat Report stated that employees working at small businesses were more...
Jul 29 2019 // On July 25, Insurance Journal’s Academy of Insurance hosted a webinar by Joe Harrington, entitled The Evolution of Cyber Liability.Joe started the session in the early days of cyber liability when it was a fringe...
Jul 29 2019 // Capital One Financial Corp. said on Monday personal information including names, addresses, phone numbers and credit scores of about 100 million individuals in the United States and 6 million people in Canada were obtained...
Jul 26 2019 // CFC Underwriting, the London-based managing general agent that specializes in emerging risks, announced the appointment of Roger Francis as Cyber Claims director. Francis will lead CFC’s cyber claims and incident...
Jul 24 2019 // German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed...
Jul 24 2019 // Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack in March, the firm said on Tuesday, boosting its shares.The Norwegian company’s stock rose as...
Jul 23 2019 // The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers’ personal information.The following are seven of the largest...
Jul 23 2019 // Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized...
Jul 22 2019 // Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.The largest-ever settlement for...
Jul 22 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jon Rigby to the newly created role of chief cyber officer.He will report to Peter Smith, executive underwriting officer. Rigby will be...
Jul 17 2019 // Specialist insurance provider CFC Underwriting has added a range of free risk management services to its insurance offering for technology companies.CFC, which is a London-based managing general agent, said it has teamed...
Jul 16 2019 // Premera Blue Cross, the largest health insurer in the Pacific Northwest, has agreed to pay $10 million to 30 states following an investigation into a data breach that exposed confidential information on more than 10...
Jul 15 2019 // American International Group reported that Tom Parker is joining the company as deputy chief Information Security officer. Parker will work with Rich Baich, AIG’s chief Information Security officer, on global...
Jul 15 2019 // As the nation’s most far-reaching data privacy law, California Consumer Privacy Act (CCPA), is set to begin Jan. 1, 2020, businesses and their insurers are preparing for a new era in cyber liability.Anxiety is on the...
Jul 12 2019 // Large companies in France are increasingly the targets of cyber attackers who lock up data and demand a ransom, but often refrain from reporting the assaults for fear of hurting their image, according to the French...