cyber attacks News

Working From Home a Cybersecurity Headache for Employers

As companies and government agencies send their employees home to avoid contact with the coronavirus, many cybersecurity teams are facing the unenviable challenge of securing sprawling, vulnerable networks. Every time an employee connects to their corporate network from home, they’re …

Aon Buys Cytelligence to Bolster Group Handling Cyber Hacks

Aon Plc bought closely held Canadian firm Cytelligence Inc. to help boost its ability to respond to and investigate attacks on computer systems. Aon picked up employees with cybersecurity consulting and digital forensic expertise, the London-based insurance brokerage and advisory …

Vietnam-linked Hacking Group Targets Toyota, Other Companies

A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber-attacks to spy on competitors and help Vietnam catch up to global competitors, according to cybersecurity experts. In the last two years, the group, which is believed to …

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 …