The White House is hosting an event on Wednesday that will bring together the largest U.S. technology companies for a discussion about cybersecurity challenges following a raft of high-profile hacking incidents earlier this year, people familiar with the event told Reuters. It comes as Congress weighs new legislation concerning data breach notification laws and cybersecurity… Continue reading White House to Tackle Cyber Challenges with Apple, IBM, Insurance CEOs
Tag: cybersecurity
Ransomware Claims Are Roiling an Entire Segment of the Insurance Industry
The recent surge of ransomware attacks is upending the cyber insurance industry, pushing up the requirements and cost of coverage just as more companies need it. Ransomware attacks — in which cybercriminals take over an organization’s computer network and demand a payment to hand back control — have increased in frequency and severity over the… Continue reading Ransomware Claims Are Roiling an Entire Segment of the Insurance Industry
White House Warns Companies to Step Up Cybersecurity Measures
The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a major meatpacking company and the biggest U.S. fuel pipeline. There has been a significant hike in the frequency and size of ransomware attacks, Anne Neuberger, cybersecurity adviser at… Continue reading White House Warns Companies to Step Up Cybersecurity Measures
Biden Signs Order to Boost Cybersecurity After Pipeline Hack
President Joe Biden on Wednesday signed an executive order intended to strengthen U.S. cybersecurity by improving information sharing about attacks with the private sector and adopting better safety practices throughout the government. It also seeks to improve the government’s response to major cyber-attacks. The order has been in the works for months but was released… Continue reading Biden Signs Order to Boost Cybersecurity After Pipeline Hack
Research: Millions of Smart Devices Vulnerable to Hacking
Researchers at a cybersecurity firm say they have identified vulnerabilities in software widely used by millions of connected devices — flaws that could be exploited by hackers to penetrate business and home computer networks and disrupt them. There is no evidence of any intrusions that made use of these vulnerabilities. But their existence in data-communications… Continue reading Research: Millions of Smart Devices Vulnerable to Hacking
Coalition Enters Excess Cyber Insurance Market
Coalition, the leading cyber insurance and security company, today announced it will enter the excess cyber insurance market to help protect middle market businesses with enhanced coverage and free access to Coalition’s state-of-the-art cybersecurity capabilities, including attack surface monitoring, an in-house response team of security experts, and a suite of services and tools. Coalition will… Continue reading Coalition Enters Excess Cyber Insurance Market
Chubb Investigating Possible Cyber Security Incident
Chubb, a major cybersecurity insurance provider for businesses hit by data breaches, has itself become a target of a data breach. The insurance giant told TechCrunch it was investigating a “security incident” involving the unauthorized access to data belonging to an unnamed third-party. Chubb spokesperson Jeffrey Zack said the company had “no evidence” the incident… Continue reading Chubb Investigating Possible Cyber Security Incident
Beazley Makes its Leading Cyber Platform Available to Brokers of SMEs
Beazley announced today that its flagship cyber product, Beazley Breach Response (BBR), will be available to brokers of small and medium-sized business through the myBeazley platform in the US, reducing to less than two minutes the time required to obtain a bindable BBR quote. The platform has been designed to meet the needs of brokers… Continue reading Beazley Makes its Leading Cyber Platform Available to Brokers of SMEs
Marsh Opens 2020 Cyber Catalyst Program with Leading Cyber Insurers
Marsh, the world’s leading insurance broker and risk adviser, today announced the 2020 opening of its Cyber Catalyst program designed to help organizations reduce cyber risk by making more informed cybersecurity decisions. The first-of-its-kind program awards Cyber Catalyst designations to products and services that leading cyber insurers believe can be effective against major cyber threats.… Continue reading Marsh Opens 2020 Cyber Catalyst Program with Leading Cyber Insurers
Hackers Trick Victims Into Big Wire Transfers
In 2018, Frank Krasovec took on a $1 million personal line of credit from PlainsCapital Bank. A few months later, he went on a business trip. When he returned, $450,000 was missing. Mr. Krasovec, the chairman of Dash Brands Ltd., which owns Domino’s Pizza Inc. franchises in China, said he soon learned that someone had… Continue reading Hackers Trick Victims Into Big Wire Transfers