September 27, 2022
Cyber threats were the top concern for business decision-makers for the third time in four years, according to the 2022 Travelers Risk Index. Cyber threats were chosen as a top concern by 59% of respondents, followed by broad economic uncertainty …
September 6, 2022
Lombard Odier Investment Managers said the “shocking” results of an analysis into cybersecurity risks lurking in portfolio companies have led it to apply ESG processes far more broadly to protect its funds from losses. The Swiss asset manager is now …
July 14, 2022
CFC, a specialist insurance provider and market leader in cyber, warned brokers and their clients today of an emerging method of ransomware attack – dubbed ‘BazarCall’ – which is targeting small businesses. According to CFC’s in-house cyber threat analysis team …
June 28, 2022
In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the US Coast Guard. Though the malware attack never controlled the vessel’s movement, authorities concluded that weak defenses exposed critical functions …
June 27, 2022
For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about twenty years ago, carriers, brokers, and policyholders have reaped the benefits of soft market conditions. Policies were cheap, and they provided generous …
June 27, 2022
With global tensions rising over Ukraine, the cutthroat competitiveness of the US financial sector is yielding to partnership over the conviction that a cyberattack against even a group of minor banks – or a third-party service provider – could imperil …
June 24, 2022
Hackers looted about $100 million from a so-called cryptocurrency bridge, again exposing a key vulnerability in the digital-asset ecosystem. Blockchain Harmony said in a tweet that the hack of its Horizon bridge, which lets people swap coins between different blockchains, …
June 8, 2022
Business leaders and cybersecurity experts are pushing the Biden administration to step up efforts to quell big hacks against US companies. In a joint statement June 7, several of the groups said a public-private initiative created by the US Cybersecurity …
April 12, 2022
It’s a crime that siphons untold billions from the economy — but many people have never heard of it. Business Email Compromise scams involve criminals hacking into email accounts, pretending to be someone they’re not and fooling victims into sending …
October 18, 2021
Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an estimated 6.1 million customers and employees. The …