cyber attack News

How a Dated Cyber-Attack Brought a Stock Exchange to its Knees

The website of the New Zealand Stock Exchange slowed to a crawl on a Tuesday afternoon in August. It was so badly throttled that the exchange couldn’t post market announcements, as required by financial regulators. So with an hour left …

When $2 Trillion Falls Short, Next 2020 May Be Uninsurable

There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from Covid-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with …

Systems Remain Down at Health Network After Cyberattack

The University of Vermont Health Network, including six hospitals in Vermont and New York, on Friday was still dealing with a cyberattack that caused significant computer network problems with an official saying they did not know when the systems would …

U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands

The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories, one from the Financial Crimes Enforcement Network (FinCEN) and …

Dunkin’ Donuts Parent Settles New York Cyberattack Lawsuit, is Fined

NEW YORK — The parent of Dunkin’ Donuts on Tuesday agreed to upgrade its security protocols and pay $650,000 in fines and costs to settle a lawsuit by New York’s attorney general claiming it ignored cyberattacks that compromised the online …

Search Warrant Served on Teen for Twitter Hack, NYT Reports

The FBI on Tuesday served a search warrant on a 16-year-old related to his alleged role in the July 15 hack on Twitter Inc., the New York Times reported. The youth was believed to have played a significant role in …

Lloyd’s Calls For State-Backed ‘Black Swan’ Reinsurance

LONDON — “Black Swan” reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd’s of London said. Commercial insurance market Lloyd’s has said insurers worldwide will pay out more than …

How a T-Mobile Outage Got Mistaken for a Cyber Attack

The T-Mobile US Inc. network went down for about 13 hours beginning Monday afternoon, and it wasn’t until almost a full day later that the company explained why. The interim provided plenty of time for baseless rampant speculation of a …

Cyber Attack on Easyjet Gets Details of 9 Million Customers

LONDON — A cyber attack on British airline easyJet accessed the email and travel details of around nine million customers, as well as the credit card details of more than 2,000 of them, it said on Tuesday. The news of …

Cognizant Hit by ‘Maze’ Ransomware Attack

Cognizant Technology Solutions Corp on Saturday said it was hit by a “Maze” ransomware cyber attack, resulting in service disruptions for some of its clients. The information technology services provider said it was taking steps to contain the incident, with …