cyber attacks News

Iranian Hackers Wage Cyber Campaign Amid Tensions with US

WASHINGTON — Iran has increased its offensive cyberattacks against the U.S. government and critical infrastructure as tensions have grown between the two nations, cybersecurity firms say. In recent weeks, hackers believed to be working for the Iranian government have targeted …

Cyber Risks to Exceed Natural Disasters for Insurers: Scor CEO

Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a comprehensive, common global scale to assess cyber-related incidents. “I dream of a …

Jury Convicts 2 Romanians in Malware Scheme that Infected 400,000 Computers

A federal jury on Thursday convicted two Bucharest, Romania, residents of 21 counts related to their scheme to infect victim computers with malware in order to steal credit card and other information to sell on dark market websites, mine cryptocurrency …

Costs of Cyber Attacks Can Doom Small, Medium Firms: Chubb

The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for small-and-medium-sized enterprises (SMEs), according to a report published by Chubb. This hefty cost of repairing the business and its reputation …

Aon: U.S. Cyber Insurance Premiums Rise 37%, to $1.84B

A new study released by Aon, a global professional services firm providing a broad range of risk products, indicates that cyber remained a profitable line of business, as industry loss ratios decreased in 2017 – from 47.6 percent to 32.4 …

HSB Survey Finds Passwords Not so Secret

Passcodes Kept on Sticky Notes, Recipe Cards and Slips of Paper How many different passwords do you have for your smartphone, tablet or computer? Where do you keep the passcodes that you can’t remember? Almost half of U.S. consumers use …

Hiscox: Large U.S. Businesses Lose Average of $1.05M to Cybercrime Annually

Nearly three-quarters (73%) of firms face major shortcomings in cyber security readiness, according to a newly released study by specialist insurer Hiscox. The Hiscox Cyber Readiness Report 2018, which gauges how prepared businesses are to manage cyber threats, surveyed department …

Former Yahoo CEO: No One Immune from Hacks

Former Yahoo CEO Marissa Mayer told lawmakers Wednesday that the threat from state-sponsored hackers has changed the playing field so dramatically that even the best-defended companies can fall victim. Mayer joined former and current CEOs of Equifax in testifying before …

AIG: Systematic Cyber Attacks Likely in 2017

Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study issued last month by American International Group, Inc. More than …

Majority of U.S. Firms Confident of Cyber Protection Despite Naive Employees

Nearly three-quarters of U.S. businesses believe their organizations are highly protected from attempts by outsiders to gain access to their systems and data, according to a survey by global advisory, broking and solutions company Willis Towers Watson. A similar proportion …