Days of Cyber Insurers Avoiding Costly Claims May Be Numbered: Expert July 7, 2017 By Oliver Suess Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global...
Global Shipping Still Reeling from Cyber Attack; Insurers Warn of Coverage Gaps June 30, 2017 By Jonathan Saul Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago, showing the...
Businesses Underestimate Long-Term Effects of Cyber Attacks: Lloyd’s Report June 28, 2017 Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack,...
Major Ransomware Attack Spreads from Europe to U.S. June 27, 2017 By Giles Turner, Volodymyr Verbyany and Stepan Kravchenko A new cyber attack similar to WannaCry is spreading from Europe to the U.S., hitting port operators in New York...
Hackers Target Canada Miners, Casinos, Demanding Bitcoin Ransoms: FireEye June 19, 2017 By Alastair Sharp The same hacker targeting Canadian casinos and mining companies for extortion since 2013 is planning more attacks, researchers at cyber...
Cyber Insurance Market Growing More Slowly Than Expected: Allianz May 26, 2017 The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz’s board said...
Cyber Security Expert Leonardo to Offer Anti-Ransomware Weapon May 24, 2017 By Chiara Albanese and Daniele Lepido When a wave of ransom-requesting cyber attacks hit computers across the globe earlier this month, Leonardo SpA cyber-security experts had...
Cyberattack Cost Michigan Utility $2M, 14 Employees May 22, 2017 A utility company in Lansing, Mich., is still transitioning back to stability after a cyberattack temporarily disabled the company’s internal...
Firms Turn to Kidnap Insurance Policies to Cover Ransomware Losses May 19, 2017 By Suzanne Barlyn and Carolyn Cohn Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup...
European Cyber Police Hunt for Culprits of Global Ransomware Attack May 18, 2017 By Kit Chellel Days after the global cyber attack, U.K. police are trying to figure out whether it was an established network of...