NotPetya virus News

2019 Cyber Insurance Predictions: Strong Drivers for Growth Ahead

Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the cyber insurance …

Zurich Policyholder Dispute Highlights Danger of Calling Out Cyber Attackers: Opinion

The $100 million lawsuit that Mondelez, the maker of Oreos and Cadbury chocolate, has brought against Zurich Insurance Group shows that governments should be more careful about identifying the would-be culprits in putative cyber-wars: Such claims can have unintended consequences, …

What Cyber Insurance Industry Learned from 2017 Hacks

The NotPetya, WannaCry and Equifax hacks of last year were evidence that the U.S. insurance industry has been ill-prepared to handle a large cyber attack and needs to up its game. However, as a consequence of the attacks in 2017, …

U.S. Says Russia to Blame for Last June’s NotPetya Cyber Attack

The United States on Thursday publicly blamed Russia for carrying out the so-called NotPetya cyber attack last year that crippled government and business computers in Ukraine before spreading around the world. The statement by the White House came hours after …

FedEx Goes Cyber Insurance Shopping After Profit Takes Hit from Attack

Package delivery company FedEx Corp. said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its quarterly profit, and the company lowered its full-year earnings forecast. The company said the cyber attack slashed 79 cents …