corporate cyber security News

How Big Tech Is Using Artificial Intelligence to Stop Hackers

Last year, Microsoft Corp.’s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company’s administrators, who usually logs on from New York, was trying to gain entry from Romania. And no, …

Doubts About Hotel Industry Cyber Security Pre-Date Marriott Hacking

Long before Marriott International Inc. disclosed a massive security breach, the hotel industry had earned the dubious reputation as a hospitable place for hackers. Thieves have skimmed credit cards, looted loyalty accounts, and mounted complex schemes to trick clerks into …

U.S. Warns on Uptick in Chinese Hacking Setting Stage for Future Attacks

A senior U.S. intelligence official warned on Tuesday that Chinese cyber activity in the United States had risen in recent months, and the targeting of critical infrastructure in such operations suggested an attempt to lay the groundwork for future disruptive …

Marriott Starwood Data Breach Highlights Silent Cyber Risk in Acquisitions

Marriott International’s $13.6 billion purchase of Starwood Hotel & Resorts was a bet that its popular loyalty program would bring more travelers to its Courtyards and Residence Inns. It turns out Marriott was also buying a massive security risk. A …

How Firms Rate on Cyber Readiness and Why Some Don’t Buy Cyber Insurance: Hiscox Report

A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber-attacks. Fewer than one-third (30 percent) qualify as “expert” in overall …

U.S. Charges 3 in ‘Securities Fraud on Cyber Steroids’ Scheme

U.S. prosecutors on Tuesday unveiled criminal charges against three men accused of running a sprawling computer hacking and fraud scheme that included a huge attack against JPMorgan Chase & Co. and generated hundreds of millions of dollars of illegal profit. …

5 Recent Reports on Businesses and Cyber Security, Liability and Insurance

Cyber security is clearly on the minds of business executives, most of whom acknowledge their firms have been victimized by some sort of cyber attack. What are they thinking about cyber security, cyber liability and cyber insurance? Below are summaries …

U.S. Eyes China, Russia Sanctions Over Cyber Attacks

The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said on Monday. The officials, who spoke on condition of anonymity, said no final decision had …

Cybersecurity Analysts Stress Need for Data Sharing by Companies

In an 11-story office building in the Washington suburbs, hundreds of U.S. cybersecurity analysts work around the clock to foil hackers. Possible breaches of government networks show up as red flashes on screens that line the walls. Something big is …

In Search of the Best Defense Against Corporate Cyber Crime

With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is that however much they …