cyber attacks News

Hiscox Stages Cyber Attack to Show Small Businesses What It’s Like to Be Hacked

Hiscox, a specialist in small business and cyber insurance, recently staged a “real world” hack to demonstrate what a cyber attack would look like for small businesses. The insurer collaborated with UK bike manufacturer Brompton Bicycle, constructing overnight a complete …

Failure to Mitigate Climate Change, Cyber Attacks Are Top Global Threats: WEF

The failure to tackle climate change and extreme weather events are the most threatening global risks this year, according to the World Economic Forum. Inability to mitigate or adapt to climate change leapfrogged several places on the list as the …

Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey

Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …

2019 Cyber Insurance Predictions: Strong Drivers for Growth Ahead

Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the cyber insurance …

Iran Hackers Could Be Behind Wave of Cyber Attacks on Infrastructure: FireEye

Cyber attackers in Iran could be behind a wave of hacks on government and communications infrastructure that will require a coordinated global response to repel, according to cyber-security firm FireEye Inc. FireEye researchers have identified attacks on dozens of internet …

Zurich Policyholder Dispute Highlights Danger of Calling Out Cyber Attackers: Opinion

The $100 million lawsuit that Mondelez, the maker of Oreos and Cadbury chocolate, has brought against Zurich Insurance Group shows that governments should be more careful about identifying the would-be culprits in putative cyber-wars: Such claims can have unintended consequences, …

CFC Expands Cyber Insurance Product with Business Interruption Cover

CFC, the London-based managing general agent that specializes in emerging risks, announced it has expanded its cyber insurance product to include business interruption as well as a variety of cyber-crime activities. With CFC’s new cyber insurance product, businesses will benefit …

U.S. Supreme Court Declines to Hear Fiat-Chrysler Appeal in Auto Hacking Case

The U.S. Supreme Court on Monday declined to hear Fiat Chrysler‘s appeal in a class action lawsuit over allegations that its Jeeps and other trucks are vulnerable to hacking, one of the first legal cases involving automotive cyber security risks. …

Cryptocurrency Industry Struggles to Buy Insurance, Hindering Growth Goals

Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be embraced by regulators. Getting …

German Firms Warned About Rising Threat from Chinese Hackers: Report

Germany’s Office for Information Security (BSI) has issued warnings to several German firms named by the United States as possible victims of hacking attacks, a newspaper reported, adding that Chinese activity against German firms had increased. Cyber experts have long …