All the headlines from our Cyber Topic Page, ordered by recency.
Nov 13 2023 // Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets.So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for...
Nov 13 2023 // The notorious hacking gang Lockbit has posted what it described as documents belonging to Boeing Co. on its website, two weeks after claiming credit for a cyberattack against the aircraft manufacturer.LockBit recently...
Nov 13 2023 // A hacking group linked to Russia claimed responsibility for attacks that periodically forced OpenAI’s ChatGPT offline last week, saying it targeted the company due to its support of Israel.The group, which calls...
Nov 8 2023 // This edition of International People Moves details appointments at AXA XL and Trium Cyber.A summary of these new hires follows here. AXA XL Names Gerbaud as CUO for APAC & EuropeAXA XL Insurance announced that Adias...
Nov 8 2023 // In such a fast-changing cyber risk landscape, experts say preparation is key, and one element that can help with that is cyber insurance.“Cyber insurance is such a critical tool when you think about having a policy...
Nov 8 2023 // Following two years of high but stable loss activity, 2023 has seen a “worrying resurgence” in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial writes in a...
Nov 7 2023 // Electronics makers Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope warned on Monday that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply...
Nov 7 2023 // Palo Alto Networks Inc. agreed to buy Talon Cyber Security Ltd., marking the second acquisition of an Israeli peer within a week.The deal is valued at about $625 million, according to a person familiar with the plans who...
Nov 6 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, launched its suite of Active Cyber Insurance products in Australia.Active Cyber Insurance works with organizations to help them...
Nov 6 2023 // Boeing, one of the world’s largest defense and space contractors, said on Wednesday it was investigating a cyber incident that impacted elements of its parts and distribution business and cooperating with a law...
Nov 6 2023 // A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from...
Nov 3 2023 // The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence.“This...
Nov 1 2023 // Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released by the insurance broker Marsh, a business of Marsh...
Nov 1 2023 // Well before Russia’s audacious cyberattack that exploited SolarWinds Corp.’s software was made public, several employees allegedly raised red flags about holes in the company’s security. Their warnings,...
Oct 31 2023 // The U.S. Securities and Exchange Commission on Monday sued software company SolarWinds Corp. and its top information security executive, saying they defrauded investors by hiding cybersecurity weaknesses during a massive...
Oct 30 2023 // Stanford University said on Friday that it is investigating a cybersecurity incident that struck its Department of Public Safety.The university said in a statement that the breach didn’t appear to “impact...
Oct 30 2023 // TOPEKA, Kan. (AP) – Kansas officials are calling a massive computer outage that’s kept most of the state’s courts offline for two weeks a “security incident” and, while they had not provided an...
Oct 30 2023 // Boeing Co said on Oct. 27 that it was assessing a claim made by the Lockbit cybercrime gang that it had “a tremendous amount” of sensitive data stolen from the aerospace giant that it would dump online if...
Oct 26 2023 // Upfort raised $8 million in a Series A funding round led by SYN Ventures, with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round. Upfort’s goal is to simplify the way brokers...
Oct 25 2023 // As the world’s digital ecosystem has grown and become more complex, Trent Frazier, deputy assistant director in the stakeholder engagement division at CISA, or the Cybersecurity and Infrastructure Security Agency,...