How Cloud Downtime Insurance Became a Thing March 8, 2022 By L.S. Howard A single hour of downtime from mission-critical, third-party IT service providers can cost small and medium-sized enterprises tens of thousands...
Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential March 7, 2022 By Chad Hemenway Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure, and other industries...
Beware of ‘Zero-Click’ Hacks That Exploit Security Flaws in Phones’ Operating Systems February 18, 2022 By Ryan Gallagher As a journalist working for the Arab news network Alaraby, Rania Dridi said she’s taken precautions to avoid being targeted...
German Fuel Storage Firm Mabanaft Still Unable to Restore Operations After Cyber Attack February 14, 2022 By Rachel Graham Germany’s Mabanaft GmbH & Co. KG, the fuel storage and distribution company that suffered a cyber attack at the end...
Cyber Criminals Nabbed $1.3B in Ransom Payments Over 2 Years: Report February 11, 2022 By Ilena Peng Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in...
UK Insurer Beazley Sees Opportunity (and Risk) in Cyber Market February 10, 2022 By Ryan Hesketh UK insurer Beazley Plc returned to profit last year, helped by what it sees as “encouraging” trends in the cyber...
10 Cyber Attacks in 2021 Cost $600M With 40,000 Businesses Put at Risk February 10, 2022 In just 10 cyber incidents last year, over $600 million in cash was stolen or taken as ransom, tens of...
Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack February 9, 2022 By John O'Donnell and Huw Jones FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount,...
Cyber Attack Targeting German Fuel Storage Stretches to 6th Day February 8, 2022 By Rachel Graham and Jack Wittels A cyber attack targeting fuel storages in Germany and parts of northern Europe stretched into a sixth day with little...
Cybercrime Gang Tied to Ransomware Attacks in Germany, Colonial Pipeline Hackers February 4, 2022 By Ryan Gallagher A Russia-linked cybercrime gang was allegedly responsible for ransomware attacks that took down a swath of Germany’s fuel-distribution system this...