Companies Struggle to Protect Their Technology Supply Chains

cyber risk management

Three years ago, technicians at an Apple Inc. laboratory discovered a worrisome problem with a server that was used by the company’s data-analytics division. The server, built for Apple by a company called Super Micro Computer Inc., was infected with malicious software. Apple was a big Super Micro customer, with more than 2,000 of these… Continue reading Companies Struggle to Protect Their Technology Supply Chains

Norsk Hydro Sees $52 Million Hit from Cyberattack

Cyber security

Norsk Hydro ASA said Tuesday that last month’s cyberattack is expected to have had a financial impact of between 400 million Norwegian kroner and 450 million Norwegian kroner ($46.1 million-$51.9 million) in the first quarter. The Norwegian aluminum producer was hit by a ransomware cyberattack in March that crippled its computers and production. “The cyberattack… Continue reading Norsk Hydro Sees $52 Million Hit from Cyberattack

Norsk Hydro Says Cyber Attack Could Cost $41M, Names AIG as Lead Insurer

Hacker using laptop. Hacking the Internet.

Aluminium manufacturer Norsk Hydro has said that it is anticipating a financial impact of between 300-350 Norwegian crowns (USD $35-41 million) for the first week following a cyber attack on March 19 that caused major disruption to its operations. The Norwegian firm also stated that it had a “solid cyber risk insurance policy with recognized… Continue reading Norsk Hydro Says Cyber Attack Could Cost $41M, Names AIG as Lead Insurer

Amazon’s Zappos Rejected by U.S. High Court on Data Breach Suit

Supreme Court makes it easier to sue for job discrimination

The U.S. Supreme Court turned away an appeal by Amazon.com Inc.’s Zappos unit, letting a lawsuit proceed over a 2012 hack that exposed the personal information of 24 million customers. The online shoe and clothing retailer argued unsuccessfully that the customers couldn’t sue without proof of concrete injury, such as the impending misuse of their… Continue reading Amazon’s Zappos Rejected by U.S. High Court on Data Breach Suit

One of the World’s Largest Aluminum Producer Hit by Major Cyberattack

Hacker using laptop. Hacking the Internet.

Norsk Hydro ASA, one of the world’s biggest aluminum producers, is suffering production outages after a cyber attack affected operations across Europe and the U.S. Some operations, such as primary production potlines, have moved to a manual mode where possible, according to spokesman Halvor Molland. Other operations such as extrusion plants have been temporarily stopped.… Continue reading One of the World’s Largest Aluminum Producer Hit by Major Cyberattack

‘Fortnite’ Bug Leaves 80 Million Vulnerable to Hack

AT&T data breach impacts 73 million

Epic Games, the maker of the popular “Fortnite” video game, said last Wednesday that the game’s login system contained a unique flaw that allowed hackers to impersonate real gamers and purchase in-game currency using gamers’ credit cards, according to The Washington Post. Security researchers told The Post that the hackers then transferred the purchases from… Continue reading ‘Fortnite’ Bug Leaves 80 Million Vulnerable to Hack

Hackers Threaten to Dump Insurance Files Related to 9/11 Attacks

Hacker using laptop. Hacking the Internet.

On Monday, New Year’s Eve, a hacker group announced it had breached a law firm handling cases related to the September 11 attacks, and threatened to publicly release a large cache of related internal files unless their ransom demands were met. The news is the latest public extortion attempt from the group known as The… Continue reading Hackers Threaten to Dump Insurance Files Related to 9/11 Attacks

Cyberattacks Are A Constant Fear 17 Years after 9/11

Woman with suitcase rushing to the check in for the flight at the airport

Seventeen years after the 9/11 terror attacks, lawmakers are stepping up their warnings about how the next assault on the U.S. could be a cyberattack. Airports and airlines increasingly rely on cyber networks to operate, yet there are no federal regulations specifically governing their use. Lawmakers say they are drafting legislation that would impose new… Continue reading Cyberattacks Are A Constant Fear 17 Years after 9/11