Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
42,000 Vermonters Affected by MOVEit Data Breach
Aug 15 2023 // The Vermont Department of Financial Regulation reports that the large-scale data security breach of the MOVEit software has compromised the personally identifiable information of roughly 42,000 Vermonters and more than 38...
Microsoft’s Role in Email Breach to Be Part of Cyber Inquiry
Aug 14 2023 // A US cybersecurity advisory panel will investigate malicious targeting of cloud computing environments, including Microsoft Corp.’s role in a recent breach of government officials’ email accounts by suspected...
Connecticut School District Has Recouped Half of $6 Million Lost in Cyber Attack
Aug 14 2023 // The city of New Haven lost more than $6 million in multiple cyberattacks on its public school district earlier this summer and has so far managed to recoup about half of the money, officials announced last week. The...
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...
Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability
Aug 10 2023 // Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and cyber liability into one policy and under one limit. It brings a...
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...
UK’s Voter Register Was Hacked. No One Noticed for 15 Months.
Aug 9 2023 // Hackers were able to access UK voter registers undetected for 15 months, the Electoral Commission said, raising questions about data security even as it played down fears about the impact on elections. “Hostile...
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...
Japan Cannot Confirm Security Leak After Report Says China Hacked Defense Networks
Aug 8 2023 // Japan cannot confirm if any security information has been leaked, the top government spokesperson said on Tuesday when asked about a Washington Post report on Chinese hacking into its defense cyber networks. Chinese...
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,...
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...
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...
Cyberattack on Norway Ministries Lasted at Least Four Months
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...
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...
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...
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...
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...
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...
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...
People Moves: Arch Promotes Blois to Underwriting Mgr, Hires 3 PI U/Ws; Canopius Names CFC’s Gayle as Cyber U/W; WTW Taps Sales From Aon for Large Client GB Team
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...
