cyber risk News
On the Cutting Edge: How Successful Carriers Can Drive Cyber Insurance Forward
Panelists at Insurance Journal's March webinar, Raising the Bar on Cybersecurity, said a paradigm shift is happening in cyber insurance as carriers embrace technology, and those that don't keep up ...
Authentication Firm Okta Says Up to 366 Customers Potentially Hit by Hack
Shares in Okta Inc. fell 9 percent on Wednesday after the U.S. digital authentication firm said hundreds of its customers may have been affected by a security breach involving hacking group Lapsus$. ...War in Ukraine Renews Questions Around Likelihood, Insurability of Cyber War
Since Russia launched a full-scale military invasion of Ukraine on Feb. 24, questions have resurfaced about the likelihood of a global cyber war. While experts say there isn't a credible threat at ...
Experts Confirm Cyber Incidents Up Since War in Ukraine Started, Insurance Underwriters Adapting
Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium. ...
At Least 6 U.S. State Governments Hacked by China, Warns Cyber Firm
Hackers working on behalf of the Chinese government broke into the computer networks of at least six state governments in the United States in the last year, according to a report released Tuesday by ...
SEC Weighs Four-Day Deadline for Firms to Disclose Cyber Attacks
Companies would face more pressure to alert the public of hacks or other significant cybersecurity incidents under a new plan from the U.S. Securities and Exchange Commission. The SEC will consider a ...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Cyber claims from small and midsize businesses saw a "material uptick" in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its ...
Aon Discloses ‘Cyber Incident’ Amid Mounting Concerns Over Hacks
Aon Plc is investigating a "cyber incident" that the insurance brokerage said impacted a limited number of its systems. The incident, identified Friday, "has not had a significant impact" on ...