All the headlines from our Cyber Topic Page, ordered by recency.
Jun 8 2023 // A Russian-speaking criminal cyber gang gave victims including British Airways and the BBC a week to start ransom negotiations after it exploited a vulnerability in an encrypted file-sharing software used by many...
Jun 6 2023 // Tens of thousands of employees of British Airways, the UK drugstore chain Boots and Britain’s BBC were among those whose personal data was exposed following a wide-ranging breach centered on a popular file transfer...
Jun 5 2023 // Specialist insurer Tokio Marine Kiln (TMK) has established a standalone Cyber & Enterprise Risk division as part of its effort to expand its presence in the cyber market.Led by Laila Khudairi, the Cyber &...
Jun 5 2023 // Russia’s main security service accused a US intelligence agency of hacking several thousand iPhones, including devices belonging to Russian nationals and others linked to diplomatic missions and embassies in the...
Jun 5 2023 // Two Southeastern insurance regulators have posted new information about liability insurance data and catastrophe claims reporting.The Florida Office of Insurance Regulation last week posted the 2023 catastrophe reporting...
Jun 5 2023 // Hackers have stolen data from the systems of a number of users of the popular file transfer tool MOVEit Transfer, U.S. security researchers said on Thursday, one day after the maker of the software disclosed that a...
Jun 5 2023 // Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers at the annual RIMS Riskworld conference, held this year in Atlanta, but the industry...
Jun 1 2023 // The New York-based biotech and life sciences company Enzo Biochem reported it was hit by a ransomware attack on April 6.The company has since reported that clinical test information of approximately 2,470,000 individuals...
May 31 2023 // The U.S. State Department has warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group...
May 31 2023 // A hacking group suspected of ties to an Asian government has broadened its targets to government agencies in countries including Indonesia and Thailand, carrying out cyber-espionage as recently as April, cybersecurity firm...
May 31 2023 // As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage.According to today’s DBRS Morningstar’s commentary on the...
May 31 2023 // The Federal Bureau of Investigation and Boston Police reported they have arrested a cyber insurance attorney in connection with a series of sexual assaults and kidnappings in the Boston area about 15 years ago.At a press...
May 26 2023 // The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early for further comment.Germany’s Handelsblatt reported on Thursday that Elon...
May 25 2023 // Insurance pricing is cyclical. When loss ratios are sustainably higher, over time prices rise in response, creating a hard market. The last hard market in cyber was in 2021 when an onslaught of ransomware and high-profile...
May 24 2023 // Point32Health, the parent company of Tufts Health Plan and Harvard Pilgrim Health Care, is still dealing with a ransomware attack it first reported on April 17. The company has now disclosed that patient information has...
May 23 2023 // The Bank of Canada on Thursday [May 18] said it was worried that a major cyber attack on one part of the financial system could quickly spread and threaten overall financial stability.In an annual review of Canada’s...
May 23 2023 // Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the cyber insurance market. Despite this, 36% of Marsh’s clients reported buying cyber...
May 22 2023 // Aspen Appoints Boon as Head of Singapore; Morely Relocates to LondonAspen Insurance Holdings Limited has appointed industry veteran Tay Boon Chuan as head of Singapore, effective June 1. Aspen is headquartered in Hamilton,...
May 22 2023 // At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according to the latest Directors and Officers Liability 2023 Survey released by Willis Towers...
May 22 2023 // Despite cybersecurity experts’ repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating secure passwords, says new research by password manager...