Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s July 17, 2017 By Suzanne Barlyn A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with...
Looming EU Cyber Rules to Provide ‘Shot in Arm’ for Cyber Market: A.M. Best July 12, 2017 The European Union’s looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive...
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...