Keeping the supply chain safe has increasingly become more difficult. Threat actors continue to develop new toolsets and techniques, targeting corporate assets stored on cloud infrastructure, individuals’ mobile devices, trusted third-party supplier applications and even popular mail platforms. A new survey, “Cyber Attack Trends: 2019 Mid-Year Report”, released by Check Point Software Technologies Ltd, found… Continue reading Supply Chain Facing Increased Cyber Attacks
Tag: cyber insurance
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
Norsk Hydro Puts H1 Cyber-Attack Impact at Up to $75 Million
The cyber-attack that hit aluminum manufacturing giant Norsk Hydro in March is expected to result in an overall financial impact of up to $75 million (NOK 650 million), with the majority of the impact being felt in its Extruded Solutions business. For Q1, Norsk Hydro puts the overall impact at between $35 million and $40… Continue reading Norsk Hydro Puts H1 Cyber-Attack Impact at Up to $75 Million
Tokio Marine HCC Announces Formation of New Cyber & Professional Lines Group
Tokio Marine HCC today announced the formation of the Tokio Marine HCC – Cyber & Professional Lines Group, led by Richard Robin, the group’s President. The Cyber & Professional Lines Group includes the operations of the recently-acquired NAS Insurance Services, LLC (NAS), where Mr. Robin served as Chief Executive Officer, as well as the reorganized… Continue reading Tokio Marine HCC Announces Formation of New Cyber & Professional Lines Group
Equifax to Pay at Least $650 Million in Largest Data-Breach Settlement Ever
The credit bureau Equifax will pay at least $650 million and potentially significantly more to end an array of state, federal and consumer claims over a 2017 data breach that exposed the sensitive information of more than 148 million people. The breach was one of the most potentially damaging in an ever-growing list of digital… Continue reading Equifax to Pay at Least $650 Million in Largest Data-Breach Settlement Ever
Liberty Specialty Appoints Jon Rigby CBE as Chief Cyber Officer
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jon Rigby to the newly created role of Chief Cyber Officer. He will report to Peter Smith, Executive Underwriting Officer. Jon will be based in London and takes up the role with immediate effect. Peter Smith, Executive Underwriting Officer at Liberty Specialty Markets,… Continue reading Liberty Specialty Appoints Jon Rigby CBE as Chief Cyber Officer
Cyberattacks Inflict Deep Harm at Technology-Rich Schools
Over six weeks, the vandals kept coming, knocking the school system’s network offline several times a day. There was no breach of sensitive data files, but the attacks in which somebody deliberately overwhelmed the Avon Public Schools system in Connecticut still proved costly. Classroom lesson plans built around access to the internet had come to… Continue reading Cyberattacks Inflict Deep Harm at Technology-Rich Schools
Premera Blue Cross Pays States $10M Over Data Breach
Premera Blue Cross is paying $10 million to 30 states following an investigation into a major data breach. Washington Attorney General Bob Ferguson announced the settlement Thursday, several weeks after the company said it would spend $74 million to settle a federal class-action lawsuit on behalf of affected customers. The states said the company knew… Continue reading Premera Blue Cross Pays States $10M Over Data Breach
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