cyber attacks News

UN Aviation Agency Investigates Reports of Possible Data Breach

The United Nations’ civil aviation agency is investigating reports of a “potential information security incident” following a claim that tens of thousands of its records had been stolen, the organization said on Monday. The Canada-based International Civil Aviation Organization (ICAO) …

Atos Says Ransomware Group Claims It Compromised a Database

Atos SE said a ransomware group called Space Bears claimed on Saturday to have compromised an Atos database.The French technology company, whose activities include cybersecurity as well as cloud and high-performance computing, said there’s no evidence so far that its …

EU Privacy Regulator Fines Meta €251 Million for 2018 Breach

The lead European Union data privacy regulator for Meta fined the social media giant 251 million euros ($263.5 million) on Tuesday for a 2018 Facebook security breach that affected 29 million users. Meta notified Ireland’s Data Protection Commission at the …

How Accountants Provide Frontline Defense Against Cybercrime

Once considered to be simply “bean counters,” accountants now play an important role in the defence, investigation and protection against cybercrime. Modern cybercrime includes stealing personal information, hacking into systems, spreading viruses and tricking people into giving away money or …

Hacking Rooftop Solar Is a Way to Break Europe’s Power Grid

All it takes is one hacker and a batch of faulty solar panels to threaten the safety of Europe’s electric grid. Vangelis Stykas, a cybersecurity consultant, said he figured out how to do it. Using a laptop and smartphone at …

Ransomware Gangs’ Merciless Attacks Bleed Small Companies Dry

The black-and-white message flickering across computer screens sparked panic at Knights of Old, a 158-year-old UK delivery company: “If you’re reading this, it means the internal infrastructure of your company is fully or partially dead.” Knights’ network for managing trucks …

Cyberattacks Cost UK Businesses £44 Billion During Past 5 Years, Howden Survey

Cyberattacks cost UK businesses approximately £44 billion (US$55.3 billion) in lost revenue over the past five years, according to research published by Howden, the London-based insurance intermediary group. Half of those businesses (52%), or 1.3 million private sector companies, have …

Danish Central Banker Sees Russia Hackers as Key Risk to Lenders

Cyber attacks against Nordic banks, likely perpetrated by Russia-linked hackers, pose the biggest threat to financial stability in the region, a top Danish central bank official said. Financial institutions should be prepared for an “arms race” with cybercriminals, Ulrik Nodgaard, …

Slot Machine Operator International Game Reports Hacker Incident

International Game Technology Plc, operator of popular slot machines in casinos, said an unauthorized third party gained access to certain of its systems. The company has experienced disruptions in portions of its internal information technology systems and applications resulting from …

Markets/Coverages: Chaucer Offers Nuclear Power Stations Insurance for Cyberattacks

Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyberattacks. Called CyNuC, the malicious act cyber insurance policy was developed specifically by Chaucer’s Lloyd’s Syndicate 1176 in conjunction with the insurer’s …