ransomware attack News

Hiscox Stages Cyber Attack to Show Small Businesses What It’s Like to Be Hacked

Hiscox, a specialist in small business and cyber insurance, recently staged a “real world” hack to demonstrate what a cyber attack would look like for small businesses. The insurer collaborated with UK bike manufacturer Brompton Bicycle, constructing overnight a complete …

U.S. Charges North Korean Hacker for WannaCry and Sony Cyber Attacks

The U.S. government on Thursday charged and sanctioned a North Korean man in the 2017 global WannaCry ransomware cyberattack and the 2014 cyber assault on Sony Corp , U.S. officials said. The charges, part of a strategy by the U.S. …

Cyber Attacks Pose Biggest Threat to Swiss Financial System: Regulator

Cyber attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog FINMA warned on Tuesday, calling on Switzerland to step up its national defenses against the menace. “The risks connected with …

Mastermind Behind ATM Malware Attacks Arrested in Spain

The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses, has been arrested in Spain. The leader of a criminal gang that carried out the …

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, …

Cyber Attacks Pose Greatest Threat to UK Businesses, Investors: PwC Survey

Investors and chief executives say cyber attacks pose the greatest threat to businesses operating in the U.K., outweighing other material risks including populism, trade protectionism and over-regulation, according to PricewaterhouseCoopers LLP. An annual survey carried out by the accountancy firm …

Siemens Joins 8 Industry Partners (Including Allianz) to Counter Cyber Attacks

Siemens AG is joining with companies including Airbus SE and IBM to try to counter large-scale hacking attacks that threaten to cost $8 trillion in damage over the next five years. The group signed a charter Friday at a security …

Russian-Speaking Hackers Steal $10M from U.S., Russia Banks: Cyber Security Firm

A previously unknown ring of Russian-speaking hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer forensics laboratory in eastern Europe. …

Hackers Fail at Second Cyberattack Attempt on North Carolina County

A North Carolina county recovering from a cyberattack says hackers failed in a second attempt to infiltrate their computer system. Mecklenburg County officials say foreign hackers redoubled their efforts after the county refused to pay a ransom last week. But …

North Carolina County Refuses to Pay $23K Ransom to Hacker Who Froze Servers

Deputies processed arrests by hand and building code officers used paper records Wednesday as one of North Carolina’s largest counties was hit by a hacker who froze county servers and demanded ransom. Mecklenburg County Manager Dena Diorio told reporters that …