Latest Cyber Headlines

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

Survey: Cyber Budgets, Insurance Premium Jump Across Sectors

Oct 10 2023 // Budgets and insurance policy costs have increased exponentially despite doubts surrounding efficacy of cyber practices, according to a recent survey gauging cybersecurity practices among global debt issuers conducted by...

Hacked Philippine Health Insurer Didn’t Have Cyber Protection Software

Oct 10 2023 // The Philippines’ state health insurer didn’t have cyber protection software when hackers attacked its computers, giving criminals access to the data of millions of its citizens and triggering calls for an...

Hacking Groups, Including Some Tied to Russia, Are Attacking Israeli Websites

Oct 10 2023 // Hacking groups, including some tied to Russia, are attacking Israeli government and media websites, allying themselves with the Palestinian military group Hamas that launched a series of deadly strikes on the country over...

MGM Casino Expects $100 Million Hit From Hack That Led to Data Breach

Oct 6 2023 // MGM Resorts International said on Thursday a cyberattack last month that disrupted its operations would cause a $100 million hit to its third-quarter results, as it works to restore its systems.One of the world’s...

Blackbaud to Pay States $49.5 Million to End Probe of 2020 Ransomware Incident

Oct 5 2023 // State attorneys general were busy Thursday announcing their share of a $49.5 million settlement with software company Blackbaud related to a 2020 ransomware event that exposed the data of millions of people across the...

Markets/Coverages: Coalition, MS&AD Insurance Offer Cybersecurity Solutions in Japan

Oct 5 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced a strategic partnership with Japan’s MS&AD Insurance Group to provide cybersecurity monitoring solutions for...

People Moves: Aspen Promotes Bianconi to Global Head of Cyber; WTW’s Corporate Risk & Broking Unit Taps Marsh’s Beldy Torborg for 2 Exec Roles

Oct 2 2023 // Aspen Promotes Bianconi to Global Head of CyberBermuda-based Aspen Insurance Holdings Ltd. has appointed Bobby Bianconi as global head of Cyber. Bianconi has been with Aspen since 2016 and brings over 1o years of dedicated...

Solving Systemic Risk Is the Cyber Market’s Number One Priority

Oct 2 2023 // Cyber insurers can sometimes feel like systemic risk is unique to them. It isn’t. The COVID-19 pandemic was about as systemic as it gets. Business interruption (BI) insurers faced an avalanche of claims following the...

Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey

Sep 29 2023 // Most small businesses don’t believe they will experience a cyber attack, yet many employees are concerned they are putting their organizations at risk, according to a recent poll by Insurance Bureau of Canada...

Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs

Sep 29 2023 // Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard 2023, for the protection of small-and-midsize enterprises (SMEs).With its...

Cyber Security and Insurance Platform Paladin in California Rebrands to Upfort

Sep 29 2023 // Paladin Cyber has changed its corporate name to Upfort. Upfort also announced two senior hires, Jeremy Wieber and Matthew Leanza, to advance its strategic initiatives and spearhead the company’s partnership-centric...

Marsh McLennan Asks Court to Revisit Data Breach Ruling to Avoid Flood of Litigation

Sep 28 2023 // Marsh McLennan wants the Second Circuit appeals court to reconsider its August decision that overruled a district court and reinstated a former employee’s lawsuit against the company over a 2021 data breach.Marsh...

People Moves: Sompo Int’l Taps Chubb’s Gossé for Cyber Ins., Continental Europe; Allianz Commercial Names Vogler Chief Regions & Mkts Officer, Succeeding Haagen

Sep 27 2023 // This edition of International People Moves details appointments at Sompo International and Allianz Commercial.A summary of these new hires follows here. Sompo Int’l Taps Chubb’s Gossé for Cyber Insurance,...

The Challenges of a Widening Cyber Insurance Protection Gap

Sep 27 2023 // According to privileged access management Delinea’s report, Closing the Cyber Insurance Gap – 2023 State of Cyber Insurance, a significant gap is emerging between insurance carriers and organizations who are...

Bermuda Public Services Remain Disrupted After Cyber Attack

Sep 26 2023 // Bermuda is working to restore public services that were halted after last week’s “sophisticated and deliberate” cyberattack on its government systems, the island’s premier, E. David Burt, said on...

Spyware Hacking of Egyptian Oppo Leader Prompts Updates from Apple

Sep 25 2023 // BOSTON (AP) — A leading Egyptian opposition politician was targeted with spyware after announcing a presidential bid, security researchers reported Friday. They said Egyptian authorities were likely behind the...

Viewpoint: Solving Systemic Risk Is the Cyber Market’s Number One Priority

Sep 22 2023 // The Grange Pub in Cardiff is a typical modern British tavern. A short stroll from the city centre, it’s busy most days of the week. Weekends are packed, especially for Sunday lunch.In March 2020 all that stopped....

Lloyd’s Cyber Specialist Trium Cyber Opens London Office, Led by Aspen’s Watson

Sep 22 2023 // Trium Cyber, a Lloyd’s cyber specialist, announced that the US-based company has opened a London office to write coverage for clients based outside of the US.“Our advanced technical underwriting, outstanding...

MGM Resorts Recovers From Cyberattack, but Still No Digital Room Keys

Sep 21 2023 // MGM Resorts said on Wednesday its hotels and casinos were back to normal operations but it was working to resolve issues at its luxury Excalibur hotel and casino in Las Vegas, over a week after a cyberattack disrupted its...

US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules

Sep 20 2023 // The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking...