Executives in advanced economies are most concerned about technological threats, according to this year’s World Economic Forum’s Regional Risks to Doing Business Report. The perennial prominence of cyber-related risks is unsurprising given the evolving attack vectors in development by criminals and state-sponsored actors at a time when companies are more exposed due to digital business… Continue reading What CEOs Around the World See As the Biggest Risks to Business
Tag: cyber attacks
AXA XL and Accenture Partner to Provide Cybersecurity Services to Clients
AXA XL and Accenture are partnering to offer global cybersecurity expertise to AXA XL’s underwriters, brokers and clients to strengthen their cyber capabilities and combat and recover from cyberattacks. AXA XL — AXA’s property & casualty (P&C) and specialty risk division — will tap into Accenture’s global cybersecurity capabilities, including its iDefense threat intelligence team,… Continue reading AXA XL and Accenture Partner to Provide Cybersecurity Services to Clients
Hackers Breach 20 Texas Government Agencies in Ransomware Cyber Attack
Computer systems in 22 small Texas towns have been hacked, seized and held for ransom in a widespread, coordinated cyberattack that has sent state emergency-management officials scrambling and prompted a federal investigation, the authorities said. The Texas Department of Information Resources said Monday that it was racing to bring systems back online after the “ransomware… Continue reading Hackers Breach 20 Texas Government Agencies in Ransomware Cyber Attack
Report Warns of Possible Mass Casualties from Automotive Cyberattacks
Warnings about connected vehicle vulnerabilities have been a steady drumbeat for years. Now a consumer-advocacy group is putting it in starker terms, suggesting a mass cyberattack against such vehicles could lead to Sept. 11-level casualties. California-based Consumer Watchdog has issued a 49-page report that paints the dire picture and urges automakers to install 50-cent “kill… Continue reading Report Warns of Possible Mass Casualties from Automotive Cyberattacks
Hackers’ Latest Target: School Districts
Some hackers demand ransom; others sweep up personal data for sale to identity thieves. But whatever hackers’ motives, school systems around the country have been the targets of their cyberattacks. One attack forced the Houston County School District in Dothan, Ala., to delay the first day of school for 6,400 students. Others crippled computer systems… Continue reading Hackers’ Latest Target: School Districts
US Coast Guard Warns About Malware Designed to Disrupt Ships’ Computer Systems
The United States Coast Guard has sent out two security alerts over the course of the last three months, highlighting a problem with the cybersecurity practices aboard commercial sea vessels. The first alert was sent out in late May, and Coast Guard officials warned about an ongoing wave of email spear-phishing that spread malware to… Continue reading US Coast Guard Warns About Malware Designed to Disrupt Ships’ Computer Systems
More than One in 10 Firms Losing Over $10M Due to Cyberattacks
Annual losses from cyberattacks averaged $4.7 million in the last fiscal year — with more than one in 10 firms losing over $10 million —according to a new report from The Cybersecurity Imperative, a global thought leadership program produced by independent researcher ESI ThoughtLab in conjunction with Willis Towers Watson and other organizations specialized in… Continue reading More than One in 10 Firms Losing Over $10M Due to Cyberattacks
Moody’s, Israel’s Team8 to Create Cyber Risk Index for Businesses
Ratings agency Moody’s Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global benchmark. Cyber attacks are in focus after a virus from Ukraine spread around the globe in 2017, crippling thousands of computers, disrupting… Continue reading Moody’s, Israel’s Team8 to Create Cyber Risk Index for Businesses
Iranian Hackers Wage Cyber Campaign Amid Ongoing Tensions with the U.S.
Iran has increased its offensive cyberattacks against the U.S. government and critical infrastructure as tensions have grown between the two nations, cybersecurity firms say. In recent weeks, hackers believed to be working for the Iranian government have targeted U.S. government agencies, as well as sectors of the economy, including oil and gas, sending waves of… Continue reading Iranian Hackers Wage Cyber Campaign Amid Ongoing Tensions with the U.S.
Chubb and Clyde & Co Launch Emerging Cyber Risks and Multinational Insurance Report at Airmic
Chubb today published a new report on emerging cyber risks and multinational insurance, created in collaboration with global law firm Clyde & Co. The report, Managing Tomorrow’s Cyber Risks and Multinational Insurance, was launched at the Airmic 2019 Conference in Harrogate. It analyses the current international cyber risk landscape and highlights areas that multinational corporations… Continue reading Chubb and Clyde & Co Launch Emerging Cyber Risks and Multinational Insurance Report at Airmic