All the headlines from our Cyber Topic Page, ordered by recency.
Apr 25 2016 // The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British...
Apr 25 2016 // Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy.Buyers would be mistaken...
Apr 22 2016 // Plaintiffs leading a lawsuit against online dating website Ashley Madison over a security breach that exposed the personal data of customers must publicly identify themselves to proceed with the case, a U.S. judge has...
Apr 21 2016 // Cyber-thieves see new credit card chip technology being adopted by U.S. retailers closing a lucrative window of opportunity to steal your data. So they want to move fast.“We’ve actually seen a number of...
Apr 21 2016 // Starr Companies has formed an agreement to offer services from NYA International (NYA) and Abernathy MacGregor as part of the organization’s newly launched Cyber and Terror Response offering. The coverage provides...
Apr 18 2016 // Bangladeshi investigators have identified 20 foreigners – 12 Philippine nationals and eight Sri Lankans – suspected to have been involved in the cyber heist of tens of millions of dollars from its central bank,...
Apr 18 2016 // Are cyber captives on the horizon?More and more organizations are considering using captives to address their cyber risks but just as the risk is evolving so is the role of captives in this area, according to an Aon...
Apr 15 2016 // Berkley FinSecure, a W. R. Berkley Company, has enhanced its management liability coverage for policyholders with the electronic banking option to include access to CYBER Carry*Thru, powered by NetDiligence. CYBER...
Apr 15 2016 // The founder of cyber-security firm Kaspersky Lab expects more attacks on financial targets after hackers recently stole funds from Bangladesh’s central bank and moved the Russian ruble’s exchange...
Apr 15 2016 // The costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to a new survey of captives.Aon Global Risk Consulting, in its 2016 Captive Cyber Survey...
Apr 14 2016 // Internet-connected and driverless cars could be targets for hackers — potentially including terrorists and hostile nations — so the automotive industry must ensure vehicles have built-in cybersecurity...
Apr 14 2016 // Powered by InsuranceJournal.tv Nobody really knows what the biggest cyber risk is. But Scott Stransky, senior scientist at risk modeling firm AIR Worldwide, has thought a lot about a cloud breach and the business...
Apr 13 2016 // Hiscox has expanded its cyber and data risk coverage to include Hiscox CyberClear. The product is designed for small and medium-sized enterprises in the U.S. with less than $1 billion in annual revenue. This product will...
Apr 13 2016 // Powered by InsuranceJournal.tv What will be the effect of this week’s federal court ruling that Travelers Indemnity, under its commercial general liability (CGL) coverage, must defend an insured sued due to a medical...
Apr 12 2016 // In January, BAE Systems Plc got a routine call from a new client: The health-care company’s computer systems were mysteriously crashing. BAE’s sleuths soon discovered a dangerous new strain of a virus called...
Apr 12 2016 // A federal appeals court in Virginia has upheld a lower federal court in ruling that a commercial general liability policy (CGL) may cover a data breach. In a case involving the publication of private medical records on the...
Apr 11 2016 // Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal...
Apr 11 2016 // Beazley, a pioneer in data breach response insurance and the largest insurer of cyber liability risks in the Lloyd’s market, has partnered with the Corporate Insurance Partner unit of Munich Re to offer broad...
Apr 7 2016 // If insurance is the best kept secret in the business world, then the E&S sector is the best kept secret in the insurance industry.That’s according to Hank Watkins, president of Lloyd’s America, who talked...
Apr 7 2016 // Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched a cyber extortion endorsement to its Product Recall and Contamination insurance policy for food and beverage companies.This...