cyber risks News

Banks, Financial Industry Hit by Rising Ransomware Attacks

Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group. In its annual outlook on cyber threats, …

Claims People: Global Aerospace, Cowbell Cyber, Chartwell Law, Berger Kahn

Global Aerospace Hires Head of Claims Global Aerospace has appointed Rachel Priester as director of claims — USA, effective Feb. 7. Priester will report to Jeff Bruno, president and chief underwriting officer. Priester has 12 years of experience in the …

Remote Working Causes Cyber Attacks to Skyrocket, Says Financial Stability Board

Financial firms may need to bolster their defenses in the face of rocketing cyber attacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday. The FSB, which coordinates financial rules for the G20 group of …

Businesses Warned of Cryptocurrency ‘Sextortion’ Cyber Risk

A new form of online bribery by cyber criminals who attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers is adding to the tide of cyber-related incidents hitting businesses, according …

Drone Use Presents New Risks

Originally used for defense by the military, drones are increasingly being used by a variety of industries. With increased use comes the potential for more risks. Brandon Almond, an attorney with Troutman Sanders, discussed common risks associated with drones during …