Latest Cyber Headlines

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

China Is Scanning Canada’s Cyber Defenses, State Watchdog Warns

Oct 28 2024 // The Canadian government warned Friday that “a sophisticated state-sponsored threat actor from the People’s Republic of China” has been scanning the cyber defenses of important public...

US Investigating Breach of Telecoms by China-Linked Hackers

Oct 28 2024 // The US government said Friday it was investigating unauthorized access by Chinese state-affiliated hackers targeting the commercial telecommunications sector.The FBI and the Cybersecurity and Infrastructure Security Agency...

Penn State to Pay $1.25M to Resolve Claims of Cybersecurity Non-Compliance

Oct 24 2024 // The Pennsylvania State University has agreed to pay $1,250,000 to settle claims that it violated the False Claims Act by failing to comply with cybersecurity requirements in 15 contracts involving the Department of Defense...

Connecticut Obtains Settlement Over Data Breach Affecting Webster Bank Customers

Oct 23 2024 // Connecticut Attorney General William Tong announced a settlement with Guardian Analytics, Inc. and its successor Actimize, Inc., resolving an investigation into a data breach affecting Webster Bank customers’...

‘G-Shock’ Watchmaker Casio Delays Earnings Release Due to Ransomware Attack

Oct 22 2024 // Japanese watchmaker Casio Computer said on Tuesday it will delay the release of its second-quarter earnings due to the impact of a ransomware attack on its accounting process, to mid-November from Nov. 6. Casio, known for...

Texas Reaches $3.5M Settlement With Marriott Over Customer Data Breach

Oct 21 2024 // Texas Attorney General Ken Paxton announced the state has secured a settlement with Marriott International, Inc., that resolves an investigation into a breach of one of the company’s reservation databases.The breach...

FBI Arrests Man Over SEC Hack, Alleging Bitcoin Manipulation

Oct 21 2024 // A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission’s X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors said.In...

Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering

Oct 21 2024 // Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary cover for this end of the market, double its excess of loss (XOL) limit and...

Western Digital Owes $315.7M for Infringing Data Security Patent, Jury Says

Oct 21 2024 // Data storage provider Western Digital must pay $315.7 million in damages for violating a patent owner’s rights in data security technology, a jury in California federal court said on Friday.The jury determined that...

Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks

Oct 18 2024 // Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the UK to launch a service dedicated to recovering funds stolen by cyber...

New York Updates Financial Services Cybersecurity Regulation to Address AI Risks

Oct 17 2024 // The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 financial firms including insurers it regulates in addressing cybersecurity risks arising from artificial...

UK Fears Chinese Hackers Compromised Critical Infrastructure

Oct 16 2024 // Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to UK officials, underscoring fears of vulnerabilities to increasingly...

Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh

Oct 11 2024 // Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses over the next 12 months, according to new research by Marsh McLennan.The findings...

Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows

Oct 11 2024 // Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider.Coalition published its 2024 Cyber Claims Report: Mid-Year Update, which details emerging...

American Water Cyberattack Renews Focus on Protecting Critical Infrastructure

Oct 11 2024 // A cyberattack continues to affect the largest regulated water and wastewater utility company in the United States, renewing a focus on the importance of protecting critical infrastructure sites.New Jersey-based American...

Transforming Cyber and Tech E&O Insurance with Our RQB Platform

Oct 11 2024 // This post is part of a series sponsored by Selectsys.The demand for Cyber and Technology Errors & Omissions (Tech E&O) insurance is rapidly growing as businesses face an increasing array of digital threats and...

People Moves: Miller Promotes Nagle to Head of Miller Europe, Succeeding Holloway; Markel Taps AIG’s Eastwood as Sr. Cyber U/W

Oct 10 2024 // This edition of International People Moves details appointments at the insurance broker Miller and the insurer Markel.A summary of these new hires follows here. Miller Promotes Nagle to Head of Miller Europe, Succeeding...

Marriott Settles With States for $52M Over 2018 Data Breach at Starwood

Oct 10 2024 // Marriott International has agreed to settle with the Federal Trade Commission and 50 state attorneys general over a series of data breaches at a guest-reservation system subsidiary.According to multiple statements from the...

NSA Investigating If Chinese Hackers Breached US Telecoms

Oct 9 2024 // The US is in the early stages of an investigation into potential Chinese hacking of American telecommunications companies, according to a top intelligence official.National Security Agency Director General Timothy Haugh...

Markets/Coverages: Price Forbes Re Taps Gallagher Re’s Cole as Head of Financial Lines; BHSI Names Aon’s Pache for PI/Cyber Team, DACH Region, Schumacher as Property U/W

Oct 8 2024 // This edition of International People Moves details appointments at Price Forbes Re and Berkshire Hathaway Specialty Insurance (BHSI).A summary of these new hires follows here. Price Forbes Re Names Gallagher Re’s...