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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > au > news > cyber > ransomware-attack-reaches-victorian-business-through-external-technology-provider-589451.aspx

Ransomware attack reaches Victorian business through external technology provider

1+ day, 17+ hour ago   (655+ words) A 20-person engineering company in Port Melbourne is the latest business to find that a ransomware attack does not need to enter through its own systems. Macquarrie Corporation, which provides diesel engine and machinery management services across Australia and New…...

Insurance Business
insurancebusinessmag.com > us > news > cyber > your-clients-ai-platform-could-be-helping-cybercriminals-589013.aspx

Your client’s AI platform could be helping cybercriminals

5+ day, 3+ hour ago   (544+ words) Companies rushing to deploy artificial intelligence may be adding a powerful tool to their networks that cybercriminals can exploit after gaining access, creating a new area of scrutiny for insurance brokers. Lauren Winchester (pictured), head of cyber risk services at…...

Insurance Business
insurancebusinessmag.com > nz > news > cyber > nz-privacy-act-notification-clock-starts-as-offshore-edtech-breach-lands-588883.aspx

NZ Privacy Act notification clock starts as offshore edtech breach lands

5+ day, 21+ hour ago   (730+ words) Insurance Business NZ Privacy Act notification clock starts as offshore edtech breach lands New Zealand's extraterritorial privacy obligations mean cross-border incidents now land on local policy wordings whether or not insurers anticipated them A data breach affecting more than one…...

Insurance Business
insurancebusinessmag.com > au > news > cyber > australias-cyber-insurance-patch-exclusions-face-a-realworld-test-588882.aspx

Australia’s cyber insurance patch exclusions face a real-world test

5+ day, 21+ hour ago   (730+ words) Insurance Business Australia’s cyber insurance patch exclusions face a real-world test Coverage conditions tied to patching cadence mean the gap between advisory publication and remediation is now a claims variable, not just a security metric A data breach affecting more…...

Insurance Business
insurancebusinessmag.com > au > news > cyber > ai-cyberattacks-outpace-australian-firms-defences-588136.aspx

AI cyberattacks outpace Australian firms' defences

1+ week, 4+ day ago   (248+ words) Fewer than one in seven Australian organisations believe they could respond to an AI-automated cyberattack at machine speed, according to research from Elastic. The finding lands as Australian regulators move to tie AI-driven cyber risk directly to board and executive…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > alternative-asset-manager-confirms-hackers-stole-personal-data-in-social-engineering-attack-587077.aspx

Alternative asset manager confirms hackers stole personal data in social engineering attack

3+ week, 1+ day ago   (598+ words) Insurance Business Alternative asset manager confirms hackers stole personal data in social engineering attack Yes another Wall Street name hit Apollo Global Management has confirmed that hackers made off with personal data during a breach last month, making it the…...

Google News
insurancebusinessmag.com > au > news > cyber > quest-hotels-breach-puts-vendor-liability-under-the-microscope-586886.aspx

Quest Hotels breach puts vendor liability under the microscope

3+ week, 2+ day ago   (634+ words) A data breach at Quest Apartment Hotels is a reminder that in cyber insurance, the more interesting question usually isn't the breach itself, it's who was actually supposed to be watching the door. The hotel chain has confirmed guest data…...

Insurance Business
insurancebusinessmag.com > us > news > cyber > irgc-hacking-case-tests-what-cyber-policies-actually-cover-586682.aspx

IRGC hacking case tests what cyber policies actually cover

3+ week, 4+ day ago   (507+ words) A federal indictment unsealed Tuesday charges 17 members of an Iran-based hacking group with a years-long, state-directed campaign against American universities, companies, and government agencies. For the cyber insurance market, the charges bring into sharp focus the type of IRGC-linked commercial…...

Insurance Business
insurancebusinessmag.com > uk > news > cyber > ransomware-groups-have-stopped-locking-your-clients-files--now-they-just-steal-them-586482.aspx

Ransomware groups have stopped locking your clients’ files. Now they just steal them

3+ week, 5+ day ago   (655+ words) Insurance Business Ransomware groups have stopped locking your clients’ files. Now they just steal them The old "restore from backup and move on" playbook doesn't work like it used to There was a time when a ransomware attack had a…...