Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
Trump’s FTC Appointee Eyes Task Force to Investigate Drug Prices
Feb 16 2018 // President Donald Trump’s nominee to lead the Federal Trade Commission said he’s “very concerned” about price increases for prescription drugs and will explore forming a task force to monitor whether...
Cyber Risk Management Fails to Measure Up to Escalating Cyber Risks: Marsh, Microsoft
Feb 16 2018 // Few organizations are highly confident in their ability to manage the risk of a cyber attack, despite viewing cyber security as a top risk management priority, according to a new global survey conducted by Marsh and...
Siemens Joins 8 Industry Partners (Including Allianz) to Counter Cyber Attacks
Feb 16 2018 // Siemens AG is joining with companies including Airbus SE and IBM to try to counter large-scale hacking attacks that threaten to cost $8 trillion in damage over the next five years. The group signed a charter Friday at a...
U.S. Says Russia to Blame for Last June’s NotPetya Cyber Attack
Feb 16 2018 // The United States on Thursday publicly blamed Russia for carrying out the so-called NotPetya cyber attack last year that crippled government and business computers in Ukraine before spreading around the world. The...
The High Cost of Cybercrime to Insurers and Banks
Feb 15 2018 // Cyberattacks cost financial-services firms more to address than any other industry and the rate of breaches in the industry has tripled over the past five years, according to a report from Accenture and the Ponemon...
Equifax Breach Exposed More Consumer Data Than First Disclosed
Feb 13 2018 // The Equifax data breach exposed more of consumers’ personal information than the company first disclosed last year, according to documents given to lawmakers. The credit reporting company announced in September that...
North-South Korea Tensions, Cyber Threats Worry Insurers of Olympics
Feb 9 2018 // If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success. Their insurers will also be celebrating a tidy profit. The Games are being staged about two...
Validus Specialty Launches Standalone Cyber Insurance Product
Feb 8 2018 // The Cyber and Technology insurance group of Validus Specialty Underwriting Services, Inc. have expanded its offering with a standalone cyber insurance product focused on privacy and network protection coverage. The product...
Massachusetts Launches Online Portal for Data Breach Reports
Feb 8 2018 // Massachusetts Attorney General Maura Healey has unveiled a new online portal to let businesses and organizations report data breaches. The Democrat said the online portal should make it easier to alert her office to the...
Treasury to Look Into Consumer Financial Bureau’s Handling of Equifax Breach
Feb 7 2018 // U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc. after a report that the agency’s...
Bangladesh to File Suit Against Philippines Bank over $81M Cyber Heist
Feb 7 2018 // Bangladesh’s central bank will file a lawsuit against a Philippines bank for its role in one of the world’s biggest cyber-heists two years ago, a deputy governor said on Wednesday. Unidentified hackers stole...
Nearly 75% of Organizations in 5 Countries Fail in Cyber Security Readiness: Hiscox
Feb 7 2018 // Major shortcomings exist in cyber security readiness for nearly three-quarters (73%) of more than 4,100 organizations in five countries, despite keen awareness of the threat, according to a study commissioned by specialist...
U.S. May Move to Regulate Virtual Currencies
Feb 7 2018 // U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange...
Trump’s Consumer Protection Bureau Pulls Back on Equifax Data Breach Probe: Reuters
Feb 5 2018 // Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc. failed to protect the personal data of millions of consumers, according to people familiar with...
Allianz, Aon Offer Cyber Insurance Discounts for Apple, Cisco Customers
Feb 5 2018 // Apple Inc. and Cisco Systems Inc. have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. The...
Cyber Insurance Claims from Fraudulent Instruction Scams Rise: Beazley
Feb 5 2018 // Organizations are being forced to deal with an increased threat to their operations from fraudulent instruction scams, according to specialist insurer Beazley’s most recent Breach Report. According to the insurer,...
Compliance or Opportunity? Understanding Cyber Security in Health and Human Services Sector
Feb 5 2018 // If you live outside of New York State and haven’t heard of the New York State Department of Financial Services 23 NYCRR Part 500 (DFS 500), you should pay very close attention. Earlier this year, New York implemented...
Cyber Risk Ranks as Most Feared BI Trigger for Global Firms: Allianz
Feb 5 2018 // Business interruption (BI) and cyber incidents interlink as the major threat facing companies, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that BI — including...
Filing Deadline Approaching for New York’s Cybersecurity Regulation
Feb 5 2018 // New York Department of Financial Services Superintendent Maria T. Vullo has reminded all regulated entities and licensed persons covered by the Department of Financial Services’s (DFS) cybersecurity regulation that...
Massachusetts Launches Online Data Breach Reporting Portal
Feb 2 2018 // Massachusetts Attorney General Maura Healey has launched a new Data Breach Reporting Online Portal, which businesses and organizations can use to provide notice to the AG’s Office as required by the Massachusetts...
