Most Popular Cyber Headlines This Year
The most viewed headlines from our Cyber Topic Page over the last year.
#1 Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago
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...
#2 Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
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...
#3 Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks
Feb 27 2023 // The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new carriers and fresh sources of capital are emerging, and companies can better afford...
#4 Cyber Insurance Themes to Look Out for in 2023
Jan 3 2023 // As the Roman God Janus (for which of course the month January takes its name) reflects both looking backwards and forwards in transition, the dawn of a New Year provides a great opportunity to pause and consider where the...
#5 New York Proposes Changes to Financial Services Cybersecurity Regulation
Nov 9 2022 // More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened accountability under proposed...
#6 MOVEit Cyber Attack Hits UK Printing Firm Used by Insurers, Brokers and Banks
Jun 15 2023 // A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim of the extensive MOVEit cyberattack. Adare SEC confirmed to Bloomberg News on Monday that it...
#7 Lloyd’s Probes Possible Cyber Attack
Oct 6 2022 // Lloyd’s of London is investigating a possible cyber attack and has taken initial precautions in response, the re/insurance market has confirmed. “Lloyd’s has detected unusual activity on its network, and...
#8 New Jersey Appeals Court Affirms War Exclusion Does Not Apply to Cyber Attack
May 2 2023 // The appellate division of New Jersey Superior Court has upheld a state trial court opinion that the war exclusion in drugmaker Merck & Co.’s all-risk property insurance policies does not apply in the case of the...
#9 LastPass Says Hackers Stole Customer Data, Encrypted Passwords
Dec 28 2022 // LastPass, a password management service, announced on Thursday that hackers stole encrypted copies of customer passwords and other sensitive data such as billing addresses, phone numbers and IP addresses. The announcement...
#10 3 Iranian Citizens Charged in Broad Hacking Campaign in US
Sep 16 2022 // The Justice Department said Wednesday that three Iranian citizens have been charged in the United States with ransomware attacks that targeted power companies, local governments and small businesses and nonprofits,...
#11 Ransomware Criminals Are Dumping Kids’ Private Files Online After School Hacks
Jul 7 2023 // The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even...
#12 Medibank Hack Could Cost A$700M for Damages and Fixes
Nov 10 2022 // The data breach at Medibank Private Ltd. could cost the Australian health insurer A$700 million ($450 million) if customers decide to sue for damages after personal medical details were posted to a forum on the dark web,...
#13 Cyber Insurance Premiums Surge by 50% as Ransomware Attacks Increase
Jun 14 2023 // US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage. Premiums collected from policies written by insurers reached $7.2 billion in 2022 and tripled in...
#14 Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Feb 28 2023 // This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal, which cover the insurance industry’s startups and innovators. Trium Cyber is the...
#15 ChatGPT Poised to Expose Corporate Secrets, Cyber Firm Warns
Apr 20 2023 // Companies using generative artificial intelligence tools like ChatGPT could be putting confidential customer information and trade secrets at risk, according to a report from Team8, an Israel-based venture firm. The...
#16 Fraudulent Funds Transfer, Ransomware Are Main Drivers of Cyber Loss: Corvus
Dec 7 2022 // According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations. FFT comprised 36% of of the company’s cyber claims – an all-time high –...
#17 Average Cost of a Data Breach Has Reached an All-Time High: IBM Report
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,...
#18 Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh
Apr 27 2023 // Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11%, compared to 28% in Q4 2022, according to the Global Insurance Market Index published by insurance...
#19 People Moves: Liberty Specialty Mkts Names Intact’s Conran as CUO; Arch Taps WTW’s Bradley as Cyber U/W; Rokstone’s iFarm Underwriting Recruits from Marsh, Geo
Nov 21 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, Arch Insurance International, and Rokstone’s iFarm Underwriting. A summary of these new hires follows here. Liberty...
#20 Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
Jan 18 2023 // Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row, according to Allianz’s Risk Barometer 2023. At the same time, macroeconomic developments such as inflation,...
