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As insurance companies struggle to stay afloat amid rising cyber claims, Swiss Re has recommended a public-private partnership insurance scheme with one option being a government-backed fund to help fill the coverage gap. Global cyber insurance premiums hit $10 billion Read More …
Australian insurance firm Medibank has confirmed that hackers accessed all of its customers’ personal data and a large amount of health claims data during a recent ransomware attack. In an announcement published today, the companies warned that an internal investigation Read More …
Health insurance giant Medibank Group is the latest Australian company to become the target of a cyber attack. Last month telecommuncations company Optus was hit by a wide-scale breach which saw more than two million customers affected. Telstra was also Read More …
Lloyd’s of London has reset its IT systems and is probing a possible cyberattack against it after detecting worrisome network behavior this week. “Lloyd’s has detected unusual activity on its network and we are investigating the issue,” a spokesperson told Read More …
A sovereign Russian internet could lead to cyber criminal safe havens, greater confidence that large-scale attacks can be carried out without consequences, and intelligence blindspots, according to a new report published today by cyber risk analytics expert CyberCube. The research Read More …
Hackers stole personal data including Social Security numbers, addresses and account numbers of home mortgage holders at KeyBank, the bank reports, in the breach of a third-party vendor that serves multiple corporate clients. The hackers obtained the information on July Read More …
Lloyd’s of London insurance policies will stop covering losses from certain nation-state cyber attacks and those that happen during wars, beginning in seven months’ time. In a memo sent to the company’s 76-plus insurance syndicates, underwriting director Tony Chaudhry said Read More …
Healthcare organizations, already an attractive target for ransomware given the highly sensitive data they hold, saw such attacks almost double between 2020 and 2021, according to a survey released this week by Sophos. The outfit’s team also found that while Read More …
CTARS, the makers of a cloud-based client management system used by the Australian National Disability Insurance Scheme (NDIS) as well as disability services, out of home care, and children’s services, has revealed it was breached on May 15 and found Read More …
Professional services and insurance giant AON has suffered a cyberattack that impacted a “limited” number of systems. AON is a multinational professional services firm offering a wide array of solutions, including business insurance, reinsurance, cybersecurity consulting, risk solutions, healthcare insurance, Read More …
