Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a comprehensive, common global scale to assess cyber-related incidents. “I dream of a …
A federal jury on Thursday convicted two Bucharest, Romania, residents of 21 counts related to their scheme to infect victim computers with malware in order to steal credit card and other information to sell on dark market websites, mine cryptocurrency …
The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for small-and-medium-sized enterprises (SMEs), according to a report published by Chubb. This hefty cost of repairing the business and its reputation …
A new study released by Aon, a global professional services firm providing a broad range of risk products, indicates that cyber remained a profitable line of business, as industry loss ratios decreased in 2017 – from 47.6 percent to 32.4 …
Passcodes Kept on Sticky Notes, Recipe Cards and Slips of Paper How many different passwords do you have for your smartphone, tablet or computer? Where do you keep the passcodes that you can’t remember? Almost half of U.S. consumers use …
Nearly three-quarters (73%) of firms face major shortcomings in cyber security readiness, according to a newly released study by specialist insurer Hiscox. The Hiscox Cyber Readiness Report 2018, which gauges how prepared businesses are to manage cyber threats, surveyed department …
Former Yahoo CEO Marissa Mayer told lawmakers Wednesday that the threat from state-sponsored hackers has changed the playing field so dramatically that even the best-defended companies can fall victim. Mayer joined former and current CEOs of Equifax in testifying before …
Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study issued last month by American International Group, Inc. More than …
Nearly three-quarters of U.S. businesses believe their organizations are highly protected from attempts by outsiders to gain access to their systems and data, according to a survey by global advisory, broking and solutions company Willis Towers Watson. A similar proportion …
It’s a scary world out there, risk experts agree, but they say Donald Trump and Hillary Clinton often focus on the wrong dangers – fixing on hazards that are unlikely, or unlikely to cause massive pain. The Associated Press asked …