cyber attacks News
Auditors Urge EU Agencies to Ramp Up Cybersecurity Measures
EU institutions must do more to protect themselves from cyber attacks as their interconnected networks put them at greater risk, the European Court of Auditors (ECA) said on Tuesday, the latest ...
Small Businesses and Cyber Attacks: It’s Not a Matter of If, But When
According to the 2021 Data Breach Investigations Report from Verizon, 61 percent of all small and medium-sized businesses (SMBs) have reported at least one cyber attack during the previous year. ...
Data of 515,000 People at Risk After ‘Sophisticated’ Hack of Red Cross
The International Committee of the Red Cross said that personal data of 515,000 vulnerable people were compromised in a "sophisticated" hack. The cyber attack targeted a contractor in Switzerland ...
Cyber Attack Financial Losses Driven by Business Interruption, Recovery Costs: AGCS Report
During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published by Allianz Global Corporate & Specialty (AGCS). Further, ...
Cyber Rates Could Double Within Two Years as Attacks Soar: S&P
The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and increased demand for cyber re/insurance, according to a report ...
Biden Administration Fights Ransomware Attacks by Targeting Cryptocurrency Pipelines
The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals' cryptocurrency pipelines, and it urged companies to report extortion attempts and ...
Cyber Risk Increasingly Threatens Credit Ratings: S&P
Cyber risk is becoming increasingly relevant to insurer credit ratings, according to a new report from S&P Global Ratings. S&P cited the Colonial oil pipeline attack in the U.S. in late ...
Shockingly High Hacking Risks for U.S. Water, Power Cyber Networks
When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early this year, an intruder lurked in hundreds of computers related to water systems across the U.S. ...