Norsk Hydro Cyber Attack Exposes Risks of Global Supply Chain Disruptions March 20, 2019 By Mark Burton and Jonas Cho Walsgard The ransomware attack crippling one of the world’s top aluminum makers is exposing how crucial sophisticated digital systems have become...
Ransomware Attack on Aluminium Producer Norsk Hydro Is Similar to Other Breaches March 20, 2019 By Nate Lanxon Norsk Hydro ASA confirmed that a ransomware attack was behind production outages across the aluminum producer’s operations in Europe and...
Update: Cyber Attack at Aluminium Producer Norsk Hydro Causes Production Outages March 19, 2019 By Elena Mazneva, Jonas Cho Walsgard and Mark Burton Norsk Hydro ASA, one of the world’s biggest aluminum producers, suffered production outages after a cyber attack affected operations across...
Real Life Examples Show Why Businesses Must Boost Their Cyber Defenses March 18, 2019 By Joyce M. Rosenberg When cyber thieves attacked Empire Industries’ computer network, technology manager Rich Shemanskis could see files in the process of being...
Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal March 15, 2019 By Kristine Owram Canada is moving to overhaul its securities regulations to cover crypto trading platforms such as Quadriga Fintech Solutions Corp., a...
Philippines’ RCBC Sues Bangladesh Central Bank over ‘Vicious’ Cyber Heist Claims March 13, 2019 A Philippine bank has filed a lawsuit accusing Bangladesh’s central bank of defamation, hitting back at what it says are...
Mystery of Quadriga’s Missing Cryptocurrencies Deepens as `Cold Wallets’ Found Empty March 4, 2019 By Doug Alexander When Quadriga Fintech Solutions Corp. founder Gerald Cotten died, account holders feared the encrypted access keys needed to recover C$190...
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...