Cyberattacks are the biggest risk to businesses, with the prospect of falling victim to hacking and other cybercrime the threats that the majority of CEOs are most worried about, according to a new report on the views from the boardroom. Professional services firm PwC surveyed over 1,600 CEOs from around the world and found that… Continue reading CEOs Are Deleting their Social Media Accounts to Protect Against Hackers
Tag: cybersecurity
SEC Urges Better Cybersecurity Practices at Financial Firms
The Securities and Exchange Commission is telling financial-services companies what kind of cybersecurity practices it has found during audits, giving them detailed information on how to handle sensitive data and guard against cyberattacks. The observations by the SEC are the latest in a string of moves by regulators and government agencies that demonstrate they are… Continue reading SEC Urges Better Cybersecurity Practices at Financial Firms
Cryptocurrency Thefts, Fraud Hit $1.2 Billion in First Quarter: Report
Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, cybersecurity firm CipherTrace said on Tuesday. The value of losses from crime in the digital currency sector in 2018 hit $1.7 billion. But… Continue reading Cryptocurrency Thefts, Fraud Hit $1.2 Billion in First Quarter: Report
Innovative Moves Signal Zurich’s Increased Commitment to Cybersecurity Solutions
Zurich has made several key moves in recent weeks, continuing its commitment to helping businesses protect themselves from – and become more resilient to – cyber-related risks. The moves include creation of a dedicated, in-house cyber risk engineering team — a resilience-related first in the industry — as well as the addition of a new… Continue reading Innovative Moves Signal Zurich’s Increased Commitment to Cybersecurity Solutions
Cyber Insurance Market to Double by 2020: Munich Re
Cyber risks are one of the biggest threats to the digital and networked economy, cites Munich Re, emphasizing that the most important thing for companies is to ensure they have the best possible technical prevention. Torsten Jeworrek, member of Munich Re’s Board of Management: “Cyber risks are one of the biggest threats to the networked… Continue reading Cyber Insurance Market to Double by 2020: Munich Re