Trending Cyber Headlines
The most viewed headlines from our Cyber Topic Page over the last 30 days.
#1 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,...
#2 Microsoft Says Russia-Linked Hackers Behind Dozens of Teams Phishing Attacks
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...
#3 Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter
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...
#4 Estee Lauder Hit by Cyber Attack, With Some Business Operations Disrupted
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...
#5 Investors Double-Down on Cyber Insurtech Resilience With $100M Series D Round
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...
#6 Understanding the Domino Effect of Cyber Accumulation Risk
Jul 19 2023 // Powered by InsuranceJournal.tv 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...
#7 Wesco Settles Coverage Dispute Over $36 Million IRA Financial Cyber Attack
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...
#8 MOVEit Cyber Hack Spawned Around 600 Breaches but Isn’t Done Yet
Aug 8 2023 // A hydra-headed breach centered on a single American software maker has compromised data at about 600 organizations worldwide, according to cyber analyst tallies corroborated by Reuters. But more than two months after the...
#9 Microsoft Says Chinese Hackers Used Code Flaw to Steal Emails From US Agencies
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...
#10 Rutgers, Stony Brook Among Colleges Warning of Data Exposure From MOVEit Hack
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...
#11 SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal
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...
#12 Business Leaders Appear Less Concerned by Cyber Risk: Report
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...
#13 Law Firm Must Name Clients Affected by 2020 Cyberattack, Judge Says
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...
#14 Cybersecurity Labeling for Smart Devices Aims to Cut Hacking Vulnerabilities
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...
#15 Crypto Ransomware Attacks Rise in First Half of 2023: Chainalysis
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...
#16 White House Holds First-Ever Summit on Ransomware Crisis Plaguing Public Schools
Aug 10 2023 // The White House on Tuesday held its first-ever cybersecurity “summit” on the ransomware attacks plaguing U.S. schools, in which criminal hackers have dumped online sensitive student data, including medical...
#17 People Moves: RenRe Promotes Lang to Group Chief Risk Officer, Succeeding Branagan; AXIS Taps Former Corvus Exec as Head of Global Cyber & Technology
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...
#18 Markets/Coverages: QBE North America, Converge Launch New Cyber Program
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...
#19 Fake Job Offer Opened Door to Suspected North Korean Crypto Hack
Aug 10 2023 // In late July, a programmerat Estonia’s CoinsPaid, the world’s biggest crypto payment provider, met over video link with a recruiter who had reached out on LinkedIn with a lucrative job offer. During the...
#20 Russian Cyber Gang’s Global Hack Exposes Louisiana Office of Motor Vehicles Records
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...
