Singapore’s four telecom companies, Singtel, StarHub, M1, and Simba Telecom, were targeted by cyber espionage group UNC3886 in attacks last year, Singapore’s Cyber Security Agency said on Monday. The agency said the hackers were able to penetrate and gain access to some parts of the telecom systems, but could not disrupt services and did not access personal data. “They also managed to exfiltrate a small amount of technical data; this is believed to be primarily network-related data to advance the threat actors’ operational objectives,” the agency said. Google-owned cyber security firm Mandiant has described UNC3886 as a “China-nexus espionage group”…
Author: Awais
Rachana Pradhan The National Cancer Institute, the federal research agency charged with leading the war against the nation’s second-largest killer, is studying ivermectin as a potential cancer treatment, according to its top official. “There are enough reports of it, enough interest in it, that we actually did — ivermectin, in particular — did engage in sort of a better preclinical study of its properties and its ability to kill cancer cells,” said Anthony Letai, a physician the Trump administration appointed as NCI director in September. Letai did not cite new evidence that might have prompted the institute to research the…
South Korean officials blamed a massive data leak last year at Coupang on management failure, rather than a sophisticated cyberattack, and urged the e-commerce giant to fix vulnerabilities in its security systems. Announcing the first findings of a government-led probe, the Science Ministry said on Tuesday a former Coupang engineer, who was aware of flaws in the authentication process, broke into the system in April, a breach that lasted until November. The same person had attempted to gain access in January, it said. Coupang Korea, operated by U.S.-listed Coupang Inc., faced a public and lawmaker backlash over the breach. The…
China’s Nio is recalling 246,229 vehicles due to a software issue that poses safety hazards, marking the largest recall by a homegrown electric vehicle maker. The recalled EVs include models ES8, ES6 and EC6 and were manufactured between March 16, 2018 and January 16, 2023, a statement released by the State Administration for Market Regulation on Monday said. Some of these vehicles have a software issue that could lead to a brief blackout of the instrument cluster and central control screen, it said. The scale of the recall, equivalent to roughly three quarters of Nio’s 2025 sales volume, surpassed that…
With global warming said likely to drive a rise in the frequency and severity of natural disasters and certain extreme weather events, the re/insurance industry faces a shifting landscape. However, a recent analysis by Solidum Partners AG suggests that the insurance-linked securities (ILS) market is uniquely positioned as a key capital source to support re/insurers.In a recent report, the Swiss specialist ILS investment manager explained that while it believes the ILS market is likely to ultimately profit more than the traditional reinsurance industry from the effects of global warming, given the likely growing need for capacity, it will need to…
Chevron Corp. acquired a ranch in West Texas whose owner had been waging a legal battle accusing the US energy giant of negligently spilling toxic water and crude oil on the 22,000-acre property. The sale of Ashley Watt’s Antina Ranch was recorded on Feb. 3 by the Crane County Clerk, according to public records. The buyer was listed as Crane Property Holdings, a company that has the same address as Chevron’s office in San Ramon, California. No price was disclosed, as is typical under Texas law. Chevron and Watt reached a confidential settlement in December, a month before the case…
A Colorado funeral home owner who stashed 189 decomposing bodies in a building over four years and gave grieving families fake ashes was sentenced to 40 years in state prison. During the sentencing hearing, family members told Judge Eric Bentley they have had recurring nightmares about decomposing flesh and maggots since learning what happened to their loved ones. Related: Judge Rejects Deal for Funeral Home Owner Accused of Stashing 190 Bodies They called defendant Jon Hallford a “monster” and urged the judge to give him the maximum sentence of 50 years. Bentley told Hallford he caused “unspeakable and incomprehensible” harm.…
Michael Griffith had been working as a stockpiler at Wendling Quarries in Garrison, Iowa, for just over a week when he died on January 8, 2020. His job involved climbing onto a catwalk surrounding a lime surge hopper, a large bin that collects processed limestone, and using a long pole to scrape accumulated lime dust from the sides.
They include a new CEO and a new assistant vice president
Rhode Island-based Beacon Mutual Insurance Co. has experienced a data breach caused by a ransomware attack and is in the process of determining what information and persons may have been affected. The workers’ compensation insurer said it received an alert on January 14, 2026, regarding suspicious activity on its network. In response, the company said it disconnected certain systems, launched a forensic investigation with external cybersecurity experts, and managed to restore operations by January 20. The ransomware tracking site, Ransomware.Live, has posted information indicating that the threat group INC Ransom is claiming responsibility for the attack. The INC Ransom leaked…
Adam Schwebach, broker and head of property for North America at Gallagher Re, the global reinsurance broker, last week sat down for an interview with Insurance Journal. The discussion came on the heels of Gallagher Re’s annual Florida broker summit, which provided some fresh insights into the shape of the reinsurance market and the continued impact of recent legislative reforms in the Sunshine State. The conversation has been lightly edited for clarity and brevity. IJ: How was the Florida broker event this year? AS: This was our 11th annual summit. This group consists of Florida carriers—we get a very good…
Steve Kauderer Verisk, headquartered in Jersey City, New Jersey, named Steven Kauderer president of its claims solutions business. He reports to Lee Shavel, president and CEO of Verisk. Most recently, Kauderer was a senior partner at EY-Parthenon, where he built and led Enterprise Reimagined. Prior to that role, he was a senior partner at McKinsey and Company, serving as a leader in the global insurance practice with an emphasis on property and casualty and life insurance. Kauderer’s insurance experience also includes leadership roles at Bain & Company and Oliver Wyman. Verisk Chief Financial Officer Elizabeth Mann had been serving dual…
CyberCube has named Chris Methven its new CEO, replacing Pascal Millaire, who has been the leader of the cyber risk modeling and analytics company since it has operated as a standalone company. Methven has been Cyber Cube’s chief growth officer since April 2020. Prior to CyberCube, he was chief revenue officer for supply chain risk analytics business Achilles. “I have spent the last six years working directly with our clients and the wider market,” said Methven, in a statement. “I’m very much looking forward to leading the next phase of the company’s growth and development, building on the strong foundations…
The continued scaling of alternative, or third‑party reinsurance capital further augmented property catastrophe capacity and increased competitive pressure at the January 2026 renewals, according to S&P Global Ratings, who projects that alternative capital will continue to reach new highs as it complements traditional reinsurance capital.In its Global Reinsurance Sector View 2026, S&P highlighted how third-party capital reached a record high $124 billion at the end of the third quarter of 2025, marking a $9 billion, or 7% increase from year-end 2024. “The continued scaling of third‑party capital further augmented property catastrophe capacity and increased competitive pressure, particularly for programs with…