cyber attack News
Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey
Cyber attacks are now seen as the dominant risk for many businesses—ahead of the pandemic, economic downturn, skills shortages and other issues, according to a report published by Hiscox. For its ...
4 Things Small Businesses Can Do to Protect Against Cyber Attacks
Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering. ...
Analysis: Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
Insurers face potential multibillion-dollar claims for cyber attacks related to Russia's invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. ...
EU Proposes Cybersecurity Rules for Institutions Amid Rising Cyber Attack Worries
EU countries should put in place a framework to manage cybersecurity risks at EU institutions, the European Commission said on Tuesday amid concerns about rising cyber attacks that could disrupt key ...
SEC Weighs Four-Day Deadline for Firms to Disclose Cyber Attacks
Companies would face more pressure to alert the public of hacks or other significant cybersecurity incidents under a new plan from the U.S. Securities and Exchange Commission. The SEC will consider a ...
Zywave Agrees to $11M Fund to Settle ITC Data Breach Lawsuit
Insurance technology provider Zywave has agreed to offer an $11 million fund to settle a class-action lawsuit related to a data breach at a company it acquired in 2020. A proposed class-action suit ...
Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential
Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure and other industries and it urges the insurance industry to re-evaluate ...
Russian Cyber Attacks May Test Insurer War Exclusion Policy Language
The Russian invasion of Ukraine has increased the risk of cyber attacks and potential claim costs for property/casualty insurers globally that offer cyber coverage, the majority of which is ...