Financial, Reputational Costs of Cyber Attacks Can Ruin Small, Medium Firms: Chubb February 22, 2019 The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for...
‘Sextortion’ Is Emerging Cyber Risk for Businesses, Warns Beazley February 21, 2019 A new form of online bribery is emerging where cyber criminals attempt to extort cryptocurrency by claiming to have potentially...
Crypto Startup BitGo Offers Insurance Against Quadriga Cold-Wallet Debacle February 20, 2019 By Olga Kharif While users of the troubled Quadriga CX cryptocurrency exchange remain unable to retrieve millions in funds, a startup backed by...
Asia-Pacific SMEs Are Over-Confident About Their Cyber Preparedness: Chubb February 15, 2019 A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific...
Quadriga’s Frozen Cryptocurrencies Highlight Canada’s Regulatory Vacuum February 11, 2019 By John Tilak and Matt Scuffham Canada’s biggest securities regulator said on Friday that it was looking into Quadriga CX, as concerns grow that a regulatory...
Judge Pauses Lawsuits Against Crypto Exchange as It Hunts for Missing Password February 7, 2019 By Tyler Choi A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords...
Crypto Exchange Founder Dies, Along with Sole Password to Access $200M February 5, 2019 By Doug Alexander Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution — just the latest cautionary tale in...
Thefts, Scams of Cryptocurrencies Surge 400% to $1.7 Billion in 2018 January 30, 2019 By Gertrude Chavez-Dreyfuss Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according...
Singapore Data Leak of Records of 14,200 HIV Patients Blamed on U.S. Citizen January 29, 2019 By Saket Sundria Records of as many as 14,200 people with HIV and their 2,400 contacts have been “illegally disclosed online”, Singapore’s health...
Global Malware Attack Could Cost Insurers $27 Billion January 29, 2019 By Noor Zainab Hussain A coordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion,...