Chubb’s latest Cyber InFocus Report, “Know the Latest Trends in Cyber Risks,” outlines the newest cyber exposures that all institutions should have on their radar. The first of these new risks surrounds a recent surge in Biometrics Information Privacy Act (BIPA) lawsuits, which has created a growing need for organizations to better understand current and… Continue reading Chubb Report Spotlights Biometric Privacy Act, iEncrpyt and Cyber Risks Facing Financial Institutions
Tag: cyber security
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
Cofense and CNA Strengthen Security Awareness within Cyber Insurance Industry
Cofense™, the global leader in intelligent phishing defense solutions, announced its strategic relationship with CNA, one of the largest commercial property and casualty insurance companies in the United States. Cofense will provide security awareness training as part of CNA CyberPrep, the latest addition to CNA’s suite of cyber liability insurance products designed to help companies… Continue reading Cofense and CNA Strengthen Security Awareness within Cyber Insurance Industry
Automakers Warm Up to Friendly Hackers at Cybersecurity Conference
At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions. Those efforts at the DEF CON security convention in Las Vegas this weekend are sponsored by carmakers and… Continue reading Automakers Warm Up to Friendly Hackers at Cybersecurity Conference
IBM Study Shows Data Breach Costs on the Rise; Financial Impact Felt for Years
Security today announced the results of its annual study examining the financial impact of data breaches on organizations. According to the report, the cost of a data breach has risen 12% over the past 5 years1 and now costs $3.92 million on average. These rising expenses are representative of the multiyear financial impact of breaches,… Continue reading IBM Study Shows Data Breach Costs on the Rise; Financial Impact Felt for Years
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
Cybersecurity Risks Are Threatening M&A Deals, Industry Survey Shows
Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done. Of more than 2,700 information technology and business decision makers surveyed by Forescout Technologies Inc. in seven countries, 53% reported that their organization had encountered a… Continue reading Cybersecurity Risks Are Threatening M&A Deals, Industry Survey Shows
Healthcare Organizations Lack Money, Tools, Talent to Address Biggest Cybersecurity Threats: Survey
Third-party vendor risk and medical devices are the biggest cybersecurity threats that keep healthcare IT security executives awake at night, according to a new survey. However, the action needed to actually address these threats is lagging, the survey found. Forty percent of healthcare security leaders said third-party risk is the threat that concerns them the… Continue reading Healthcare Organizations Lack Money, Tools, Talent to Address Biggest Cybersecurity Threats: Survey
Companies Struggle to Protect Their Technology Supply Chains
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
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