All the headlines from our Cyber Topic Page, ordered by recency.
Aug 8 2023 // According to IBM’s Cost of a Data Breach report, 2023 set an all-time high record with the global average data breach cost reaching $4.45 million, a 2.3% increase from 2022 and a 15.3% from 2020.The 2023 research,...
Aug 7 2023 // Investors in cyber risk solution company Resilience have contributed again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said.With...
Aug 4 2023 // A Russian government-linked hacking group took aim at dozens of global organizations with a campaign to steal login credentials by engaging users in Microsoft Teams chats pretending to be from technical support, Microsoft...
Aug 3 2023 // A cyberattack on Norway’s government ministries uncovered last week had exploited a vulnerability linked to mobile device management and lasted at least four months, according to Norwegian and US cybersecurity...
Aug 1 2023 // Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and reinsurance companies as...
Jul 28 2023 // QBE North America and new managing general agency, Converge, teamed up to launch a cyber insurance program, which will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber...
Jul 26 2023 // Wall Street’s top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend...
Jul 25 2023 // BATON ROUGE, La. (AP) – Louisianans whose personal information was exposed in a massive data breach that affected the state`s Office of Motor Vehicles last month, will receive one year of free credit monitoring and...
Jul 25 2023 // Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in Washington ruled on Monday in a case that could impact future...
Jul 25 2023 // Wesco Insurance, a part of AmTrust, has agreed to settle its dispute with a financial firm that lost millions in retirees’ money in a well publicized 2022 cyber attack.The settlement notice, filed in federal court in...
Jul 24 2023 // This edition of International People Moves details appointments at Arch Insurance, Canopius, and Willis Towers Watson (WTW).A summary of these new hires follows here. Arch Promotes Blois to U/W Manager, Hires 3 PI...
Jul 21 2023 // The ongoing cyberattack exploiting MOVEit file-transfer software has taken a toll on US colleges and universities.At least 30 institutions have been notified that personal information of students and employees may have...
Jul 20 2023 // This edition of International People Moves details appointments at RenaissanceRe and AXIS Capital Holdings.A summary of these new hires follows here. RenaissanceRe Promotes Lang to Group Chief Risk Officer, Succeeding...
Jul 20 2023 // The Biden administration and major consumer technology players on Tuesday launched an effort to put a nationwide cybersecurity certification and labeling program in place to help consumers choose smart devices that are...
Jul 19 2023 // While technology is continuing to evolve and provide many benefits to insurers and their customers, one concern is that growing connectivity and dependence on technology means a single cyber event could simultaneously...
Jul 19 2023 // Fortescue Metals Group Ltd. said it had been subject to a cyber attack that resulted in “the disclosure of a small portion of data from our networks.”The world’s fourth-largest iron ore exporter described...
Jul 19 2023 // Cosmetics maker Estee Lauder on Tuesday said a hacker had obtained some data from its systems, with the cyber incident causing, and expected to further cause, disruption to parts of the company’s business...
Jul 18 2023 // Crypto crime fell overall in the first six months of 2023, but the volume of payments to ransomware attackers surged and is on track for its second-biggest annual total on record, blockchain analytics firm Chainalysis said...
Jul 18 2023 // The worldwide impact of cybercrime on business is predicted to balloon to $10.5 trillion by 2025, but boardroom focus on cyber risk appears to be diminishing, according to a Beazley risk and reliance report.“The...
Jul 17 2023 // Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients.The company said in a blog...