cyber attack News
10 Cyber Attacks in 2021 Cost $600M With 40,000 Businesses Put at Risk: TMHCCI Report
In just 10 cyber incidents last year, over $600 million in cash was stolen or taken as ransom, tens of millions of citizen records stolen, 40,000 businesses' IT operations put at risk, one billion ...
Court Siding With Merck Over War Exclusion for Cyber Attack a Warning to Insurers
Last month the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4 billion in damages Merck & Co. said it suffered from a spring 2017 cyber ...
Regional Cyber Conflicts Could Lead to Infrastructure Attacks in 2022: CyberCube
Three regional cyber conflicts could lead to infrastructure attacks and damaging cyber espionage in 2022, a new report from cyber analytics company CyberCube says. Cyber hostilities between Israel ...
Hackers More Likely to Target Companies That Fake Social Responsibility
Corporations that do not take their vows to address environmental, cultural, social and political issues seriously could be putting a target on their backs for hackers and placing their firms at ...
Cyber Attacks Can Target 3D-Printed Drones, Medical Devices, COVID Masks
Cybersecurity researchers at Rutgers University-New Brunswick and the Georgia Institute of Technology have proposed new ways to protect 3D-printed objects such as drones, prostheses and medical ...
Lessons from CNA, JBS and Colonial Pipeline Ransomware Payments
In March 2021, CNA Financial Corp., one of the country's largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to ...
New Russian Cyber Attack Targeted Hundreds of U.S. Networks: Microsoft
The Russian-based agency behind last year's massive SolarWinds cyberattack has targeted hundreds more companies and organizations in its latest wave of attacks on U.S.-based computer systems, ...
Business Owners Remain Overconfident About Their Ransomware Risks and Preventative Steps: Embroker
Business owners – even many technology startups - remain vastly overconfident about both their risk for ransomware attacks and insurance they have in place to prevent them, according to a new ...