Latest Cyber Headlines

All the headlines from our Cyber Topic Page, ordered by recency.

Microsoft Says it Caught Hackers From China, Russia and Iran Using its AI Tools

Feb 15 2024 // State-backed hackers from Russia, China, and Iran have been using tools from Microsoft-backed OpenAI to hone their skills and trick their targets, according to a report published on Wednesday.Microsoft said in its report...

The Art of Managing Cyber Risk for Museums

Feb 14 2024 // Cyber attacks are a concern for many industries, and the museum sector is no exception. As more museums and cultural institutions are using technology to display digital works, manage internal documents, or store donor...

Cyberattack Hits German Battery Maker Varta, Halts Production

Feb 14 2024 // German battery maker Varta AG was hit by a cyberattack Monday night that halted production in five of its production facilities, the company said.The company’s information technology systems “and thus also...

Viewpoint: The Cyber Risk Pendulum

Feb 13 2024 // Privacy risk is so 2014, right?Ten years ago, numerous retail and healthcare companies were hit with data breaches related to the exposure of credit card or healthcare data. Given many data breach claims, which included...

Bucks County Refused to Pay Ransom to Restore Systems After Cyberattack

Feb 13 2024 // Officials in Bucks County, Pennsylvania, said the government refused to negotiate with the hackers claiming responsibility for the cyberattack on January 21 that shut down computer systems and the county never paid any...

Markets/Coverages: WTW Launches Primary Cyber, Tech E&O Facility for Int’l Clients

Feb 12 2024 // Insurance broker WTW has launched a cyber solution aimed at international clients headquartered outside of Great Britain and the United States with revenues up to US$1 billion (or the equivalent currency).The International...

Chicago Children’s Hospital Forced to Take Networks Offline After Cyberattack

Feb 8 2024 // CHICAGO (AP) — A Chicago children’s hospital has been forced to take its networks offline after an unspecified cyberattack, limiting access to medical records and hampering communication by phone or email since the...

Chinese Hacking Campaign Aimed at Critical Infrastructure Goes Back 5 Years

Feb 8 2024 // An advanced group of Chinese hackers taking aim at U.S. critical infrastructure have been active for as long as half a decade, American and allied intelligence agencies said in a joint statement on Wednesday.The U.S....

Ransomware Hackers Stole More Than $1 Billion in 2023

Feb 7 2024 // Ransomware gangs stole more than $1 billion in 2023, the largest amount ever recorded, according to a report published Wednesday by blockchain analysis firm Chainalysis Inc.With ransomware hacks, cybercriminals block...

Markets/Coverages: Upland Starts Pro Liability E&O, Excess Cyber

Feb 7 2024 // Upland Capital Group said it has introduced two new liability products to its portfolio: Professional Liability Errors and Omissions as well as Excess Cyber Liability. The professional liability team is led by Kate Walas,...

Pennsylvania Courts’ Cyber Battle With an ‘Unknown Opponent’ Enters Third Day

Feb 7 2024 // Pennsylvania’s court system is in a “virtual battle with an unknown opponent” that attacked and shut down key portions of the courts’ online services last Sunday and then again on Tuesday after they...

Pennsylvania State Courts Dealing With Cyberattack

Feb 6 2024 // Pennsylvania’s court system was hit with a cyberattack on Sunday that shut down access to key online services including those used to file documents with appellate courts and guardianship reports, as well as to view...

EquiLend Restores Some Services After Cybersecurity Incident

Feb 5 2024 // Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week after it suffered an outage due to unauthorized access to its systems.EquiLend, a...

Majority of Underwriters Predict Cyber Risks Grow ‘Greatly’ in 2024: Survey

Feb 5 2024 // Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters...

Cyber Threats Top Global Business Risk Concern for 2024: Allianz

Feb 5 2024 // Cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer.Business interruption ranked second, while...

Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty

Feb 5 2024 // The 5th U.S. Circuit Court of Appeals ruled in mid-January that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure.The...

Cloudflare Says State-Backed Hackers Tried to Burrow Into its Global Network

Feb 2 2024 // Internet firm Cloudflare said in a statement on Thursday that an advanced group of hackers tried to burrow deep into its global network late last year but were thwarted.The company, which did not identify the hackers, said...

Markets/Coverages: Descartes Launches 1st Parametric Cyber Shutdown Cover in France

Feb 2 2024 // Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France.Described as...

People Moves: AXA XL Names Chia Cyber CUO, Americas; Chubb Appoints Gillston Head of North America Industry Practices; Sheckells to Lead Alera HR Team

Feb 1 2024 // AXA XL Names Chia Cyber as Chief Underwriting Officer in the AmericasAXA XL named Michelle Chia as chief underwriting officer for cyber in the Americas. Based in New York, Chia assumes her new role on Feb. 12. Chia joins...

Cyberattack Hits Georgia County Where Trump Is Charged

Feb 1 2024 // A cyberattack disrupted the court systems in Fulton County, Georgia, where former President Donald Trump faces a criminal case for allegedly interfering with the 2020 election results.Officials earlier this week were...