Latest Cyber Headlines

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

Interview: D&O Cyber Liability, Cyber Risks Top Lawyers’ Agenda

Oct 1 2014 // Jeff Kingsley, a partner with the law firm of Goldberg and Segalla, specializes in technology risks, notably cyber liability and cyber risk, an emerging sector with many variables and pit falls for the unwary, which he...

Healthcare Firms at Risk; Hackers Value Medical Records Over Credit Data

Sep 26 2014 // Your medical information is worth 10 times more than your credit card number on the black market.Last month, the FBI warned healthcare providers to guard against cyber attacks after one of the largest U.S. hospital...

Home Depot Breach Tied to Bank Account Fraud, Reports WSJ

Sep 23 2014 // Home Depot Inc.’s data breach, which put about 56 million payment cards at risk, has fed fraudulent transactions that in some cases have drained money from customer bank accounts, the Wall Street Journal...

New York’s Lawsky Says Punishing Individuals Is Essential to Deterrence

Sep 23 2014 // Punishing executives for misconduct at banks is essential to deter wrongdoing on Wall Street, New York’s banking regulator said.“Just damning the entire firm is often times counterproductive,” Benjamin...

Willis North America Beefs Up Cyber Risk Practice with 6 Appointments

Sep 22 2014 // Willis North America has reinforced its cyber risk management and insurance services with several appointments to its FINEX Cyber/E&O Practice. The following individuals will focus on Willis’ national and...

3 from Lockton Join Expanding JLT Specialty’s Cyber Team in U.S.

Sep 22 2014 // JLT Specialty Insurance Services Inc., the U.S. subsidiary of specialty insurance and reinsurance broker Jardine Lloyd Thompson Group plc (JLT), has named several cyber risk specialists to its cyber risk team in the...

The Ever-Evolving Nature of Cyber Coverage

Sep 22 2014 // To understand the current state of network security and privacy (cyber) coverage, it is helpful to have an understanding of the development and some of the major milestones which helped shape the coverage.The first cyber...

Declarations

Sep 22 2014 // Stormy Relations“Storm surge and wind-driven waves flooded homes and moved them off their foundations in Kapoho, Hawaii County.” —Hawaii Gov. Neil Abercrombie describing the damaging force of the tropical...

Fighting Cybercrime

Sep 22 2014 // HSB, a specialty insurer that is part of Munich Re, along with Trail of Bits, a New York cybersecurity firm, recently presented a “Hacker Lab” to provide risk mitigation resources for small business owners. The...

Insurance Will Absorb Some Costs in Home Depot’s Giant Privacy Breach

Sep 19 2014 // Home Depot Inc. Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s...

Next up to Test Self-driving Cars on California Roads: Mercedes-Benz

Sep 18 2014 // Mercedes-Benz has followed Volkswagen AG’s Audi unit in getting a license to test self- driving vehicles on California roads as the luxury-car makers vie for a market predicted to grow to $87 billion by...

CGSC’s Esser on Managing Wholesale Expansion and Growth

Sep 17 2014 // Cooper Gay Swett & Crawford’s CEO, Toby Esser, has had a busy year since we last spoke with him at the Reinsurance Rendezvous in Monte Carlo, but the company he heads (CSGC) is moving forward to realize cost...

Brit Launches Cyber Product for Critical Infrastructure, Industrial Machinery

Sep 15 2014 // Brit PLC, a global specialty insurer and reinsurer, has developed an insurance service to protect companies operating critical infrastructure and industrial machinery from terrorist and other malicious attacks, such as...

How Cybercriminals Attack Small Businesses – and 10 Ways to Stop Them

Sep 15 2014 // At a recent “Hacker Lab” event, “white hat” hackers revealed how cybercriminals work — and what businesses can do to protect themselves. The multimedia presentation used a simulated small business...

NAS Insurance Services Enhances Cyber Liability Insurance Product

Sep 10 2014 // NAS Insurance Services, an underwriting manager of specialty insurance, has introduced its new suite of cyber liability insurance services to respond to the growing needs of businesses facing constant threats of privacy...

Lawsuit Filed Against Home Depot Over Data Breach

Sep 10 2014 // Home improvement retailer Home Depot Inc. has been sued over data breach by a customer, saying the company failed to properly safeguard customer data from hackers, a lawsuit filed in a Chicago federal court showed on...

Home Depot Confirms Its Payment Systems Were Hacked

Sep 9 2014 // Home Depot Inc. confirmed on Monday its payment security systems have been breached, a data theft analysts warn could rival Target Corp.’s massive breach last year.Home Depot said the data theft could impact its...

U.S. Retailers Warned About Hacking Software

Sep 8 2014 // More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said recently.The...

Coverholders Playing Greater Role in Lloyd’s Global Expansion

Sep 8 2014 // Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal...

Hackers Get to HealthCare.gov But U.S. Says No Personal Data Stolen

Sep 5 2014 // The HealthCare.gov website that had an error-plagued debut last year was hacked in July, although no personal data appear to have been taken, according to the U.S. Centers for Medicare and Medicaid Services.The attack,...