Ransomware Attacks Quadrupled in 2016; Expected to Double in 2017: Beazley February 2, 2017 Specialty insurer Beazley, which offers data breach response insurance, said its specialized breach response unit saw ransomware attacks quadruple in...
Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’ January 31, 2017 A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer...
Europe’s Firms Face Potential ‘Perfect Storm’ of Cyber Threats: MMC Report January 27, 2017 By L.S. Howard European companies are unprepared to cope with the reality of today’s cyber risks, according to a new report from Marsh...
Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service January 19, 2017 By Ethan Lou Canada’s main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines,...
Supply Chain Risks Underinsured in APAC: Zurich Insurance/BCI Survey January 13, 2017 Six out of 10 organizations in Asia Pacific experienced at least one supply chain disruption in the past year, with...
Gaps in Insurance Cover Expose Shipping Firms to Cyber Risks January 12, 2017 By Jonathan Saul and Carolyn Cohn Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved...
Business Interruption Remains Top Corporate Concern in 2017: Allianz January 12, 2017 Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and...
Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF January 12, 2017 By Alex Morales Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision...
Taiwan’s $2M ATM Theft Linked to Europe’s ATM Heist: Cyber Security Firm January 5, 2017 By Jim Finkle and J.R. Wu The group that orchestrated the theft of over $2 million from cash machines at Taiwan’s First Commercial Bank in July...
Bangladesh Police Detail How Insiders May Have Aided Cyber Bank Heist December 30, 2016 By Krishna N. Das A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to...