cyber attacks News

Shipping Losses Down in 2014 But New Threats Loom: Allianz

Shipping losses declined to 75 during 2014, a 32 percent drop from the previous year and well below the 10-year loss average of 127, according to Allianz Global Corporate & Specialty SE’s (AGCS) third annual Safety and Shipping Review 2015. …

Willis Expert: Aviation Industry is Under-Prepared to Deal with Cyber Risks

The aviation industry is behind the curve in terms of its response and readiness to the insidious threat posed by cyber criminality whether from criminals, terrorists, nation states or hackers, according to Peter Armstrong, head of Cyber Strategy for Willis …

It’s Easy to Get Hacked: Just Connect to Fraudulent Wireless Hotspots

If anyone attending the Mobile World Congress in Barcelona this week doubts how easy it is to hack smartphones and tablets, Filip Chytry and his team plan to set them straight. By hacking into their devices. Chytry’s company, Prague’s Avast …

Utah Seeing More Cyber-Attacks, Likely Due To NSA Facility

Utah state officials have seen what they describe as a sharp uptick in attempts to hack into state computers in the last two years, and they think it related to the NSA data center south of Salt Lake City. The …

Barrage of Cyber Attacks Force Companies to Rethink Defense Strategies

A barrage of damaging cyber attacks is shaking up the security industry, with some businesses and organizations no longer assuming they can keep hackers at bay, and instead turning to waging a guerrilla war from within their networks. U.S. insurer …

Threat of Cyber Attacks Must Be Priority for Corporate Boards: KPMG

The threat of cyber attacks must be taken more seriously by corporate boards at Britain’s largest companies, according to a survey by KPMG LLP today. Less than 40 percent of board members in the FTSE 350 Index companies said they …

U.K. Power Grid Under Cyber-Attack Every Minute; Government Hikes Defenses

The U.K. government is one step ahead of hackers trying to turn off the country’s lights — for now. The prospect of cyber-attacks on the nation’s power network is major threat to the country’s security, according to James Arbuthnot, a …

Risk Modelers Aim to Gauge Risks of ‘Cyber Hurricane’

Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. Unlike earthquakes, …

Hackers Increasingly Target Banks, Corporations Instead of Consumers

Hackers are increasingly stealing directly from banks and other companies and helping organized crime to operate more efficiently, according to the chief of cyber-security firm Kaspersky Lab. Examples range from infecting cash machines to dispense all their money to thieves, …

Companies Should Assume Cyber Attackers Are Already Inside: McAfee

Companies seeking to shield valuable data from criminals and government spying should assume the attackers have already penetrated their systems and adjust defensive strategies, security firms McAfee and Symantec Corp. said. “You must assume something is going on and you …