Hackers Target Airbus via Computer Systems of Suppliers, Contractors September 26, 2019 By Benjamin Katz and Helene Fouquet Airbus SE said it has taken steps to shield itself from cyber attacks targeting the European aerospace and defense company...
Canada’s Desjardins Reports Costs of $53M Related to Data Breach August 13, 2019 Canadian lender Desjardins Group said on Monday it spent C$70 million ($53 million) in the second quarter related to a...
UK Markets Regulator Warns of Dangers of Unregulated Cryptocurrencies August 1, 2019 By Huw Jones and Tom Wilson Britain’s markets watchdog said on Wednesday that bitcoin and other cryptocurrencies have no intrinsic value and offer consumers few protections,...
Group of German Companies – Including BASF, Siemens, Roche – Hit by Cyber Attacks July 24, 2019 German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of...
Cost of Norsk Hydro Cyber Attack Higher than Expected at Nearly $75 Million July 24, 2019 By Gwladys Fouche Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack...
Large French Companies Increasingly Are Targeted by Ransomware Attacks July 12, 2019 By Helene Fouquet Large companies in France are increasingly the targets of cyber attackers who lock up data and demand a ransom, but...
Marriott Faces $124M Fine for Massive Data Breach Under New Data Protection Rules July 11, 2019 By Patrick Clark and Jonathan Browning The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the...
British Airways Faces Record $230M Fine for Data Breach Under New GDPR Rules July 8, 2019 By Paul Sandle British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its...
Lloyd’s to Require Cyber Cover Clarity in Re/Insurance Policies July 8, 2019 Lloyd’s of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused...
Moody’s, Israel’s Team8 to Offer Business Cyber Risk Benchmark for M&As, Insurance June 27, 2019 By Tova Cohen and Ari Rabinovitch Ratings agency Moody’s Corp. and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses...