cyber attacks News

Top International Insurance Journal Stories of 2023

Yes, another year has flown by, and it’s once again time for the top international Insurance Journal stories of 2023. This year, they are a real hodgepodge of topics, ranging from hard market trends, to faulty wind turbines, to the …

Iranian-Linked Hacks Expose Vulnerabilities of US Water System

In late November, an Iranian-backed hacking group attacked Israeli-made digital controls commonly used in the water and wastewater industries in the US, affecting multiple organizations across several states. That same month, the North Texas Municipal Water District, which supplies water …

Britain’s National Grid Drops China-Based Supplier Over Cyber Security Fears: FT

Britain’s National Grid has started removing components supplied by a unit of China-backed Nari Technology from the electricity transmission network over cyber security fears, the Financial Times reported on Sunday. The decision came in April after the utility sought advice …

UK at High Risk of ‘Catastrophic’ Cyberattack Affecting Critical Infrastructure: Report

The UK is at high risk of a “catastrophic” ransomware attack that could bring critical national infrastructure to a standstill and cost the country tens of billions of pounds, according to a parliamentary report. Departments responsible for national infrastructure across …

Ukraine’s Top Mobile Network Operator Hit by Biggest Cyber Attack of War to Date

Ukraine’s biggest mobile network operator said it hoped to restore operations by Wednesday after coming under what appeared to be the largest cyberattack since Russia launched its war on the country in February 2022. Tuesday’s attack on Kyivstar, which has …

Airline Industry to Meet to Discuss Safety Concerns Around Spike in GPS Spoofing

Global aviation industry leaders will meet in January to discuss safety concerns around increased GPS interference by cyberattackers steering planes off course, an International Air Transport Association executive said on Wednesday. Global Positioning System (GPS) spoofing has spiked in recent …

EU Weighs Wider Scope for Cybersecurity Certification Scheme: Proposal

The European Union is considering broadening the scope of proposed cybersecurity labeling rules that would affect not just Amazon, Alphabet’s Google and Microsoft but also banks and airlines, according to the latest draft of the rules. The EU move to …

Australia Revamps Cybersecurity Protections After Port Cyberattack

Australia will undertake an economy-wide revamp of its cybersecurity protections including revised data laws, mandatory reporting and a new nationwide cyber council in response to several significant hacks targeting businesses and infrastructure over the past year. Home Affairs Minister Clare …

DP World Attack ‘Stark Reminder’ About Prioritizing Cyber Spend: Australia Watchdog

Australia’s markets regulator wants companies and directors to prioritize cyber resilience, warning it will take action against businesses that fail to make reasonable investments to protect themselves. Australian Securities and Investments Commission Chair Joe Longo said this month’s cyberattack on …

Australian Telco Optus’ CEO Quits After Massive Network Outage and Cyber Attack

The head of Australia’s second-largest telco Optus resigned on Monday, cutting short a more than three-year tenure marred by a massive network-wide outage and one of Australia’s largest data breaches. Parent Singapore Telecommunications announced the resignation of Optus CEO Kelly …