malware News

Basic IT Best Practice Would Have Limited WannaCry Cyber Attack: UK Report

The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak defense against such attacks. While the rogue Asian state has long …

NotPetya Cyber Attack Cost World’s Biggest Container Shipping Line up to $300M

The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk said Wednesday. The Copenhagen-based group, which was …

Cyber Spies with Possible Russian Links Targeted European Hotel Guests: FireEye

A cyber-spying group with suspected links to Russian military intelligence was probably behind a campaign targeting hotel guests in eight mostly European countries last month, researchers at security firm FireEye said on Friday. The espionage group, dubbed APT 28, sought …

Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG

Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American International Group Inc. said. The American insurer saw …

Update: Cyber Attacks Start to Hit Earnings of Global Companies

The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to …

Businesses Underestimate Long-Term Effects of Cyber Attacks: Lloyd’s Report

Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack, according to research from Lloyd’s in association with KPMG and legal firm DAC Beachcroft. As businesses increasingly become the target …

Oil & Gas Industry Faces More Frequent & Sophisticated Cyber Attacks: Deloitte

Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as hacking efforts against the industry become more frequent and sophisticated. That’s the finding from a report released Monday by industry …

Cyber Criminals or State-Backed Hackers? It’s Getting Harder to Tell…

Veteran espionage researcher Jon DiMaggio was hot on the trail three months ago of what on the face of it looked like a menacing new industrial espionage attack by Russian cyber spies. All the hallmarks were there: targeted phishing emails …

At Least 60 Chipotles in Minnesota Hit by Malware

Chipotle says customers at more than 60 of its fast food restaurants in Minnesota are among hundreds across the country exposed to possible credit or debit card fraud. Chipotle says many of its locations were victims of the malicious software …

Cyber Insurance Market Growing Slower Than Expected: Allianz

The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz’s board said in an interview. The European market for cyber insurance currently has a premium volume of around 200 million euros ($224 …