All the headlines from our Cyber Topic Page, ordered by recency.
May 22 2023 // The rollout of the Lloyd’s Market Association’s (LMA) cyber war exclusions received considerable criticism for the chaos and confusion they caused leading up to their effective date on March 31.But here are...
May 19 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...
May 18 2023 // Since February, a mysterious hacker group calling itself Anonymous Sudan has targeted dozens of Swedish airports, hospitals and banks with distributed denial-of-service attacks, ostensibly in response to the burning of a...
May 17 2023 // A Russian man was charged by US authorities in connection with his alleged role with multiple ransomware gangs that attacked hospitals, schools and police departments.Mikhail Pavlovich Matveev, who was known online as...
May 17 2023 // Hackers stole contracts from cybersecurity firm Dragos Inc. as part of an extortion attempt that included contacting the chief executive officer’s wife and 5-year-old son, according to a company blog post, documents...
May 17 2023 // In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2 billion, a premium ranking shows two carriers growing more than 150% to landing in prominent...
May 16 2023 // Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance claims experienced by policyholders in 2022, according to a new report from...
May 16 2023 // The Philadelphia Inquirer experienced the most significant disruption to its operations in 27 years due to what the newspaper calls a cyberattack.The company was working to restore print operations after a cyber incursion...
May 15 2023 // For the fifth straight quarter, pricing increases for cyber insurance continued to fall at the start of 2023.According to a new U.S. Cyber Purchasing Trends report from broker Marsh, prices were up 11% in first quarter...
May 15 2023 // Since February, a mysterious hacker group calling itself Anonymous Sudan has targeted dozens of Swedish airports, hospitals and banks with distributed denial-of-service attacks, ostensibly in response to the burning of a...
May 15 2023 // The European Union is weighing a plan that would require cloud providers to store all of their data within the bloc in order to qualify for its highest cybersecurity certification.ENISA, the EU’s cybersecurity...
May 12 2023 // No sooner did ChatGPT get unleashed than hackers started “jailbreaking” the artificial intelligence chatbot – trying to override its safeguards so it could blurt out something unhinged or obscene.But now...
May 11 2023 // Specialty insurance provider CFC announced today it has appointed Michael Phillips as Cyber Practice Leader.In this newly created role based out of New York, Michael will drive CFC’s cyber underwriting strategy and...
May 10 2023 // British outsourcing company Capita warned it would take a 15 million pound to 20 million pound ($25 million) hit after its systems were hacked in a cyber incident earlier this year.Capita, which provides business support...
May 10 2023 // The Federation of European Risk Management Associations (FERMA) said it has concerns that the cyber insurance market is “evolving in isolation from the industries which it insurers,” and is calling for more...
May 10 2023 // Powered by InsuranceJournal.tvThe 2023 RIMS’ Riskworld conference took place last week in Atlanta, and on this episode of The Insuring Cyber Podcast, two guests shared the biggest takeaways from the conference this...
May 9 2023 // John Coletti, an cyber insurance veteran who was formerly the head of cyber reinsurance at Swiss Re, has been hired by Coalition as it head of cyber underwriting. At Swiss Re, Coletti was the head of global cyber,...
May 9 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), AXA XL, and the MGA Alta Signa Europe.A summary of these new hires follows here. BHSI Promotes Browne,...
May 9 2023 // The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the weeks leading up to the March 31st effective date. But there are some certainties to keep...
May 8 2023 // Uber Technologies Inc.’s former security chief was spared from prison for concealing a massive data breach in 2016.Joe Sullivan’s sentencing to three years of probation Thursday followed his conviction by a...