Latest Cyber Headlines

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

California: 49M Records Breached in 4 Years

Feb 17 2016 // More than 49 million personal information records of California residents were compromised in 657 data breaches from 2012 to 2015, state Attorney General Kamala Harris said in a report citing tips on how people and...

IDT911 Enhances Data Breach Services for Commercial Insureds

Feb 16 2016 // IDT911 has enhanced its DataRiskStages data breach mitigation and remediation service for insurance companies and their commercial policyholders. The DataRiskStages platform has been enriched with three new features:...

Marsh Appoints Lobban as Senior Adviser on Cyber Risk

Feb 11 2016 // Marsh has announced the appointment of Sir Iain Lobban as senior adviser on cyber risk.Lobban is the former director of the Government Communications Headquarters (GCHQ), the UK’s security and intelligence...

Obama Budget Calls for Increased Cybersecurity Funding, New High-Level Post

Feb 10 2016 // The Obama administration is creating a new high-level federal official to coordinate cybersecurity across civilian agencies and to work with military and intelligence counterparts, as part of its 2017 budget proposal...

Russian Hackers Moved Ruble-Dollar Rate at Regional Bank: Cyber-Security Firm

Feb 9 2016 // Hackers used malware to penetrate the defenses of a Russian regional bank and move the ruble-dollar rate more than 15 percent in minutes, according to a Moscow-based cyber-security firm hired to investigate the...

Russia Cracks Down on Financial Hacking Ring, Raiding Moscow Office: Sources

Feb 8 2016 // Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world’s most notorious financial hacking operations, according to...

Ghost of 2008 Crash Still Haunts Real Estate E&O

Feb 8 2016 // The ghost of the 2008 financial collapse still haunts the liability insurance market for real estate professionals and some are worried the business may be headed for a replay of that crisis.While it is still recovering...

Hartford Steam Boiler Launches Cyber Product for Mid-Size Companies

Feb 5 2016 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has introduced HSB Total Cyber, a stand-alone insurance product that offers mid-size companies direct coverage for multiple types of data and...

RMS Releases Cyber Accumulation Management System to Manage Exposure

Feb 3 2016 // RMS has released its Cyber Accumulation Management System*, which includes a new software system and framework for cyber exposure reporting, in addition to a suite of cyber catastrophe scenarios for loss modeling.The RMS...

Cyber Attack on Britain’s TalkTalk Telecom Cost $115M and 101,000 Customers

Feb 3 2016 // A cyber attack on Britain’s TalkTalk Telecom Group in October cost the company as much as 80 million pounds ($115 million) but fewer customers than feared opted to end their subscriptions.Chief Executive Dido Harding...

UK Firms ‘Can’t Afford to Ignore’ Cyber Risks, One of Top Business Threats: PwC

Feb 2 2016 // UK companies and institutions remain vulnerable to cyber attacks despite the fact that many CEOs now rank cyber as one of the top threats to their businesses, warns PwC’s Cyber Security practice.Almost three-quarters...

Chubb Launches Cyber Response Partnership with Crawford for Clients in Europe

Feb 1 2016 // Chubb has launched a new partnership with Crawford & Co., as it continues to invest in building its cyber enterprise risk management capabilities.A global leader in claims and crisis management, Crawford & Co. will...

U.S. Utilities Examine Their Insurance Protection After Ukraine Grid Cyber Attack

Jan 29 2016 // U.S. utilities are looking hard at their cyber vulnerabilities and whether they can get insurance to cover what could be a multi-billion dollar loss after hackers cut electric power to more than 80,000 Ukrainians last...

‘Smart’ Appliances, Ventilation Systems Are New Hacker Targets: Cyber Experts

Jan 29 2016 // Hijacking “smart” toasters and refrigerators and hacking corporate ventilation systems are among the new threats envisioned by cyber security experts as an increasing array of items are connected to the...

Firms Look at New Tools Designed to Foil Hackers as Firewalls Prove Inadequate

Jan 27 2016 // With firewalls no longer seen as enough of a defense against security breaches, companies are looking at new tools to foil hackers trying to enter a computer network.U.S. and Israeli startups are leading the way, with new...

Marsh Launches Global Excess Cyber Risk Facility Called ‘Cyber ECHO’

Jan 27 2016 // Marsh has launched “Cyber ECHO”, a global excess cyber risk facility that provides more reliable insurance coverage for organizations around the world.Following a series of high-profile cyber losses,...

The Struggle Getting U.S. Regulators to Understand Insurance

Jan 25 2016 // The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council (FSOC) is a done deal. But exactly what that means in terms of higher regulatory standards is still...

P/C Execs Predict Cyber Growth, Democrat in the White House

Jan 25 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they expect the economy to stay...

Lloyd’s Develops Standardized Data Requirements for Cyber Risks

Jan 19 2016 // Lloyd’s of London announced that a set of common core data requirements for cyber risks has been agreed by collaborating with modeling firms AIR Worldwide and RMS, along with RMS’ partner, the Cambridge Centre...

U.S., 17 Automakers Reach Agreement on Cybersecurity, Safety

Jan 18 2016 // The U.S. Transportation Department and 17 automakers have reached agreement on efforts to enhance safety, including sharing information to thwart cyber-attacks on their increasingly wired vehicles.Automakers including...