Though several factors affect a firm’s cyber risk, people remain the critical vulnerability, according to Scott Stransky, assistant vice president and principal scientist with AIR Worldwide. In an audio interview with Claims Journal, he explained the evolving risk and what …
Randell Heath isn’t sure how hackers got into his company’s website – all he knows is a supplier called, saying the site had become an online store selling Viagra and Cialis. The problem might have been at the company that …
The United States has long relied on its borders and superior military might to protect against and deter foreign aggressors. But a lack of boundaries and any rulebook in cyberspace has increased the threat and leveled the playing field today. …
Federal regulators are looking to set up new standards for big banks’ planning and testing for possible cyberattacks. The aim is to bolster the banking industry’s defenses amid concern over periodic security breaches at U.S. banks. The move announced Wednesday …
Financial institutions are increasingly being targeted by hackers, according to the latest Beazley Breach Insights – July 2016 findings based on its response to client data breaches in the first six months of 2016. A provider of data breach response …
U.S. burger chain operator Wendy’s Co. said it had discovered additional instances of unusual credit card activity at some of its franchise-operated restaurants, widening the scope of an earlier cyber attack on the company. The company in January said it …
Ransomware is expected to continue to be an increasing threat in 2016, according to McAfee Labs 2016 Threat Predictions report, issued late last year. The report stated that with “new variants and the success of the “ransomware-as-a-service” business model, we …
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, …
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 …
According to a recent investigative report on data breaches, an estimated $400 million has been lost from a predicted 700 million compromised records in 2015. So which security controls are the most important in thwarting cyber crime against businesses? Anti-malware? …