cyber attacks News

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 …

Risk Experts Say Candidates’ Focus on Wrong Hazards

It’s a scary world out there, risk experts agree, but they say Donald Trump and Hillary Clinton often focus on the wrong dangers – fixing on hazards that are unlikely, or unlikely to cause massive pain. The Associated Press asked …

Smart Homes, Appliances May be Cyber Hackers Next Target

That’s the apocalyptic headline we could be reading one day, given the seemingly unassailable trend toward connecting mundane items to the internet. Don’t think it’s too far-fetched, either. More than $970 billion is expected to be spent on Internet of …

Cyber Threats, a Changing Workforce and Severe Weather Top Travelers Risk Index

The Travelers Companies, Inc. announced the results of the Travelers Risk Index, an annual survey that provides insight into the most pressing concerns of American consumers and business leaders. While fewer respondents believe that the world is becoming riskier, there …

Fitch: U.S. Insurers Writing Cyber Coverage Totaling $1B in Premiums

About 120 U.S. insurance groups reported writing cyber coverage in 2015 totaling approximately $1 billion in direct written premiums volume, according to Fitch. Fitch aggregated the cybersecurity statutory supplement data for the U.S. property/casualty (P/C) insurance industry and analyzes the …

Cyber Terrorism a Major Concern for U.S. Businesses

U.S. businesses focused on addressing crisis management in the event of an on premise terrorist attack may be leaving their information systems vulnerable to a cyber attack. According to The Global Risks Report 2016, compiled through a strategic partnership between …

China Hackers Target U.S. in Coordinated Effort

The vast cyberattack in Washington began with, of all things, travel reservations. More than two years ago, troves of personal data were stolen from U.S. travel companies. Hackers subsequently made off with health records at big insurance companies and infiltrated …

Employee Negligence Biggest Cause of Data Breaches

Mary Jo White, the chair of the U.S. Securities and Exchange Commission, said in a speech Friday that cyberattacks against the U.S. are the “biggest risk we face.” On the same day, USA Today reported that John Carlin, the head …