Last year, Microsoft Corp.’s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company’s administrators, who usually logs on from New York, was trying to gain entry from Romania. And no, the admin wasn’t on vacation. A hacker had broken in. Microsoft quickly alerted its customer,… Continue reading Tech Companies Using AI to Tackle Hackers
Tag: Cyber Liability insurance
Deloitte Puts the Spotlight on the Cost of Cyber-Crime Operations in New Threat Study
In an effort to expose and clarify the cost challenge of cyber criminals, Deloitte’s cyber risk services practice released today a threat study titled, “Black Market Ecosystem: Estimating the cost of ownership.” The study reinforces that attackers can execute a cyber attack for as little as $34 per month compared to the extraordinarily high impact… Continue reading Deloitte Puts the Spotlight on the Cost of Cyber-Crime Operations in New Threat Study
Chubb Report Details Timely Risks Facing Retailers During the Holiday Season
According to the latest Chubb Cyber InFocus Report, retailers typically see a 35% increase in the number of cyber attacks during the holiday season. And the risks are not lessening over time — there has been a 116% increase of reported retail cyber claims since 2011. Chubb’s quarterly Cyber InFocus report first launched in early… Continue reading Chubb Report Details Timely Risks Facing Retailers During the Holiday Season
2019 Cyber Security Predictions: Symantec
In anticipating the major cyber security and privacy trends for the coming year, you can find plenty of clues in the events of the past 12 months. Among the now familiar forms of attack, cyber hacks of major corporate systems and websites continued in 2018 and will inevitably be part of the 2019 cyber security… Continue reading 2019 Cyber Security Predictions: Symantec
Privacy Breach Prompts Early Shut Down of Google+
After discovering a software bug that exposed the private profile information of 52 million users to outside app developers, Google said it would close the consumer version of its Google+ social network. This is the second time this year the company has acknowledged exposing private user data. The Alphabet Inc. unit announced on Monday it… Continue reading Privacy Breach Prompts Early Shut Down of Google+
Equifax Failed to Match Security to Its Growth: Data Breach Report
Equifax Inc. failed to modernize its technology security to match the company’s aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the information of 148 million people, according to a House Oversight Committee report. “Had the company taken action to address its observable security issues prior… Continue reading Equifax Failed to Match Security to Its Growth: Data Breach Report
Marriott’s Starwood Missed Chance to Detect Huge Data Breach Years Earlier
Marriott International Inc. says it responded quickly when it learned in recent weeks of a colossal theft of customer data. But cybersecurity specialists say the company missed a significant chance to halt the breach years earlier. Marriott on Friday said the hack of the reservation database for its Starwood properties, which involved the theft of… Continue reading Marriott’s Starwood Missed Chance to Detect Huge Data Breach Years Earlier
Social Platform Quora Says Data Breach Affected 100 Million Users
Users of Quora, the question-and-answer site, are asking today: Did my personal data just get stolen? The social platform said late Monday that the account information and private messages of around 100 million users may have been exposed when its computer systems were compromised by “a malicious third party.” Quora discovered the data breach on… Continue reading Social Platform Quora Says Data Breach Affected 100 Million Users
Zurich Becomes Partner of the World Economic Forum’s Global Centre for Cybersecurity
Zurich Insurance Group (Zurich) is stepping up its support for public-private efforts to combat cyber-threats by sealing a new partnership with the World Economic Forum (Forum). Zurich will become a partner of the Forum’s Global Centre for Cybersecurity, which aims to build the first global platform for governments, businesses, experts and law enforcement agencies to… Continue reading Zurich Becomes Partner of the World Economic Forum’s Global Centre for Cybersecurity
Willis Towers Watson Launches Innovative New Cyber Solution for Airports
In response to cyber and digital risk being identified as the top concern facing airports today, Willis Towers Watson has introduced CyFly for Airports, an innovative and flexible insurance solution specifically tailored to cover cyber exposures affecting airports around the globe. CyFly for Airports provides the following extensive coverages not found to be incorporated into… Continue reading Willis Towers Watson Launches Innovative New Cyber Solution for Airports