cyber risk management News

UK to Compel 1,000 Firms to Shore Up Cyber Defenses After Hacks

The UK government will pass legislation compelling companies providing IT services to critical national infrastructure to improve their cyber defenses after a wave of attacks by Russia, China, Iran and North Korea. As many as 1,000 firms will fall under …

Update: North Korean IT Warriors Push to Infiltrate European Firms

North Korean IT workers are increasingly posing as remote freelancers from other countries to infiltrate companies in Europe, putting organizations at risk of espionage, data theft and disruption. The workers, who refer to themselves as “warriors,” secure roles at companies …

UK Government Agencies Vulnerable to Cyberattacks, Watchdog Says

British government departments have operated hundreds of outdated computer systems and failed to meet their own cybersecurity targets, increasing the risk of a disruptive hack, a watchdog has found. The National Audit Office, an independent parliamentary body, flagged the concerns …

NHS Cyberattack in UK Inflicted Long-Term Harm on Patient Health

A cyberattack that paralyzed hospitals and clinics in London last year resulted in harm to dozens of patients, leading to long-term or permanent damage to their health in at least two cases, according to data obtained by Bloomberg News. In …

Vienna Insurance Group Launches Specialist Cyber Security Company

Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provides comprehensive support to help companies reduce cyber risks and to prevent and …

EU AI Act Checker Reveals Big Tech’s Compliance Pitfalls

Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity resilience and discriminatory output, according to data seen by Reuters. The EU had long debated new AI regulations before OpenAI …

Intersys Expands in UK Insurance Market With Launch of London Office

Intersys, the UK-based provider of cyber risk management solutions, announced its expansion in the UK insurance market with the opening of an office in Leadenhall Market in London. Intersys’ London office will serve as a hub for delivering cutting-edge cyber …

Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix

The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 billion, modeling and insurance services firm Parametrix estimates. The portion of the loss covered under cyber insurance policies …

Without Backup Plans, Global IT Outages Will Happen Again

Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and until more contingencies are built into networks, and organizations put better back-up plans in place, it will happen again. Friday’s …

What Disruptions Have Been Reported After the Global Tech Outage?

A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike and Microsoft on Friday affected operations in sectors including airports, airlines, media and banks. Below is a list of disruptions that have been reported: AIRLINES, …