According to a new report published today by Marsh, the number of companies in the US and Canada experiencing a cyber extortion event hit record numbers in 2023, with unprecedented ransom demands.
Tag: cyber extortion
Global Directors Increasingly Concerned by Cyber Extortion and Ransomware: WTW and Clyde & Co
Cyber-attacks and data loss are the top risks facing Directors & Officers, with cyber extortion and the growth of ransomware attacks a leading concern, says a global Directors Liability 2022 survey from WTW and Clyde & Co. The survey identifies the key risks for Directors across the globe (covering the UK, Europe, Asia, Australasia, LatAm… Continue reading Global Directors Increasingly Concerned by Cyber Extortion and Ransomware: WTW and Clyde & Co
Cybercrime Costs to Top $1 Trillion This Year: Researchers
Cybercrime is expected to cost the global economy more than $1 trillion this year, up more than 50 percent since 2018, a research report said Monday. The report by McAfee Corp. with the Center for Strategic and International Studies (CSIS) concluded that the cost of online criminal activity is more than one percent of global… Continue reading Cybercrime Costs to Top $1 Trillion This Year: Researchers
Hackers Threaten to Dump Insurance Files Related to 9/11 Attacks
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