cyberattacks News

Marsh/RIMS Report on Future Difficulty in Forecasting Emerging Risks

Most risk professionals believe that forecasting risk will not get any easier in the next three years, with cyberattacks and regulation topping the list of areas from which emerging risks will likely arise, according to a new report published jointly …

Pentagon Challenges Hackers to Test its Cybersecurity

Uncle Sam is looking for a few good hackers. As part of an effort to test its cybersecurity, the U.S. Defense Department is challenging computer geeks from the private sector to hack its public websites and networks. To sweeten the …

Auto Industry, U.S. Reach Agreement to Improve Safety, Cybersecurity

The U.S. Transportation Department and 17 automakers have reached agreement on efforts to enhance safety, including sharing information to thwart cyberattacks on their increasingly wired vehicles. Automakers including General Motors Co., Ford Motor Co. and Toyota Motor Corp. also agreed …

U.S. Sees 20% Jump in Cyberattacks on Critical Manufacturers

U.S. Department of Homeland Security investigations of cyberattacks on the nation’s critical manufacturing sector nearly doubled in the year ended Sept. 30, according to the agency. The Department of Homeland Security’s Industrial Control Systems Cybersecurity Emergency Response Team, or ICS-CERT, …

Research Suggests User Routines Key to Preventing Email Phishing

The cumulative number of successful phishing cyberattacks has risen sharply over the last decade, and in 2014 that figure surged past the total U.S. population. To date, about 400 million breaches have yielded hackers some kind of personal information, according …

Businesses Need to be Better Prepared for Cyberattacks

Results of a study on corporate confidence in responding to a data breach are in and of the 604 executives who responded, just 34 percent feel their company‚Äôs data breach response plans are effective. Though data breaches ranked second only …

Sanctions Possible if China Cyberattacks Against U.S. Businesses Don’t Stop

The U.S. could consider criminal charges or sanctions against China if the U.S. determines hackers there are violating an agreement not to conduct economic cyber espionage on American industry, a senior Justice Department official said Tuesday. The remarks by John …

Cyber Claims Handling Strategy Still Evolving

Reinsurance executives polled at the recent 2015 PCI annual meeting by Guy Carpenter & Company agreed that cyber continues to be the most threatening emerging risk. As the number of data breaches mount, more focus is being placed on the …

Risk Managers Say Not Enough Being Done to Thwart Hacking Incidents

According to a new survey, 55 percent of risk managers are not confident their company is dedicating enough resources, in terms of dollars or personnel, to combat the evolution of hacking techniques. In a recent podcast interview with Claims Journal, …

Continued Attacks to Drive Cyber Insurance Market by 2020

Risks to drive U.S. $10 billion cyber insurance market by 2020, according to ABI Research. Continued and sustained cyberattacks are having a ruinous effect on enterprises and driving up the cost of incident response. With over 900 million reported records …