cyber attack News
States, Congress Wrestle With Cybersecurity at Water Utilities
The tiny Aliquippa water authority in western Pennsylvania was perhaps the least-suspecting victim of an international cyberattack. It had never had outside help in protecting its systems from a ...
Majority of Consumers Worried About AI-Related Identity Theft
Findings from a new survey indicate eight in 10 U.S. consumers are worried that artificial intelligence technology will be used for identity theft crimes, according to Nationwide. Generative AI has ...
Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets
Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets.
So-called cat ...
Before and After: Managing Through the Cycle of a Cyber Attack
In such a fast-changing cyber risk landscape, experts say preparation is key, and one element that can help with that is cyber insurance. "Cyber insurance is such a critical tool when you think about ...
Ransomware, Extortion Claims See ‘Worrying Resurgence,’ Says Allianz
Following two years of high but stable loss activity, 2023 has seen a "worrying resurgence" in ransomware and extortion claims as the cyber threat landscape continues to ...
Small and Midsize Businesses Unprepared for Cyber Attack
Just 7 percent of small and midsize business owners say they will experience a cyber incident within the next 12 months, highlighting a lack of preparedness for cyber-related attacks, according to ...
MGM Resorts Data Breach Costs Estimated at $100M
The data breach last month that MGM Resorts is calling a cyber attack is expected to cost the casino giant more than $100 million, the Las Vegas-based company said. The incident, which was detected ...
Separate Casino Cyber Attacks Highlight Continued Market Risk
Two cyber attacks against two separate casinos in Las Vegas last week highlight the continued cyber insurance market risk resulting from tenacious ransomware groups, according to Guy Carpenter's ...
Average Cost of a Data Breach Has Reached an All-Time High: IBM Report
According to IBM's Cost of a Data Breach report, 2023 set an all-time high record with the global average data breach cost reaching $4.45 million, a 2.3 percent increase ...