cyber attack News

Baltimore to Get Property Sales Moving Amid Cyber Attack

Baltimore, Md., officials say they have a plan to get the city’s real estate market moving again in the midst of a crippling ransomware attack. A manual workaround for property sales during the recovery will begin Monday. The ransomware shut …

Risk Managers Reminded of Strategies for Coping with Disasters in Their Many Forms

Preparing for the unthinkable requires a lot thought. Risk management professionals this week cautioned audiences of the myriad pitfalls in planning for catastrophes during the Risk & Insurance Management Society’s annual conference at the Boston Convention and Exhibition Center. Corporations …

Study Warns of Cyber Hacking Risk to Firms Using SAP, Oracle Management Software

At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms said in a study published on Wednesday. The …

Arizona City’s Online Payment System Finally up Following Cyber Attack

Officials in Goodyear, Ariz. say the city’s online payment system is functioning again after a cybersecurity attack affected the software. The city became aware of the situation on its online payment system May 7 and immediately shut it down. Customers …

British Financial Regulator Investigates Equifax Hacking of UK Customer Data

Britain’s markets watchdog said it has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000 UK citizens. “The Financial Conduct Authority announces today that it is investigating the circumstances surrounding a cyber security …

Why Mandating Cyber Reporting, Basic Coverage Makes Sense: Cyence Exec

Matt Honea, cyber manager at Cyence, a San Mateo, Calif.-based cyber risk modeler, thinks a great way to get companies to report cyber attacks is to make them do it. Honea, who believes insurers can be a catalyst for collecting …

Major Ransomware Attack Spreads from Europe to U.S.

A new cyber attack similar to WannaCry is spreading from Europe to the U.S., hitting port operators in New York and Rotterdam, disrupting government systems in Kiev, and disabling operations at companies including Rosneft PJSC and advertiser WPP Plc. More …

At Least 60 Chipotles in Minnesota Hit by Malware

Chipotle says customers at more than 60 of its fast food restaurants in Minnesota are among hundreds across the country exposed to possible credit or debit card fraud. Chipotle says many of its locations were victims of the malicious software …

WannaCry Attack Could Be Opportunity for Cautious Insurance Industry: A.M. Best

According to a rating agency A.M. Best, the the recent WannaCry ransomware attack could be a benefit to the insurance industry if it leads to better-crafted policies with clear language that provide the desired protection for policyholders. A.M. Best said …

Ukraine Blames Russian Hackers for Attacks on Power Grid, Financial System

Ukraine on Wednesday accused Russian hackers of targeting its power grid, financial system and other infrastructure with a new type of virus that attacks industrial processes, the latest in a series of cyber offensives against the country. Oleksandr Tkachuk, Ukraine’s …