cyber attacks News

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 …

Cyber Attacks, Drones Pose Threat to Plane Safety: Allianz

Cyber attacks and commercial drones pose a growing risk of commercial airplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums. Technical advances in aircraft design and navigation systems have reduced the …

Iran Hackers Targeted Airlines, Energy Firms Across Globe: Cylance Report

Iranian hackers have infiltrated some of the world’s top energy, transport and infrastructure companies over the past two years in a campaign that could allow them to eventually cause physical damage, according to U.S. cyber security firm Cylance. Aerospace firms, …

Hackers Target Global Tanker, Container Shipping Fleet

The next hacker playground: the open seas – and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age, as more devices are hooked up online, so they become …

Increase in Cyber Attacks Costing Millions, Stressing Internet

Crashing websites and overwhelming data centers, a new generation of cyber attacks is costing millions and straining the structure of the Internet. While some attackers are diehard activists, criminal gangs or nation states looking for a covert way to hit …

Cyber Alert: Syria, Aided by Iran, Could Retaliate Against More U.S. Companies

If the United States attacks Syria, it will be the first time it strikes a country that is capable of waging retaliatory cyberspace attacks on American targets. The risk is heightened by Syria’s alliance with Iran, which has built up …