cyber attacks News

No ‘Significant’ Cyber Attacks on Banks, Says Bank Group

An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any “significant” cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase & Co. and other banks. The group, known as …

Investors Didn’t Know Companies Hacked by Chinese

Three U.S. public companies identified as Chinese hacking victims didn’t report the theft of trade secrets and other data to investors, despite rules designed to disclose significant events. Two of the companies — aluminum maker Alcoa Inc. and metals supplier …

Payment System Attacks Trail Behind Other Cybercrimes

While Target’s massive data breach last year caused consumers to panic and drew attention to Internet crime, a new study finds that breaches on retailer payment systems are less common than other kinds of attacks. More than twice as many …

Agency Forms Task Force to Prevent Cybercrime in Kentucky

A Kentucky agency has created a task force aimed at preventing financial cybercrime. The task force’s focus will be to protect both the financial services industry and the public. The group was formed recently by the state Department of Financial …

U.S. Senator Seeks Information on Carmaker Efforts to Thwart Hackers

A U.S. senator has asked 20 of the world’s biggest automakers for information on how they secure their vehicles from cyber attacks, in light of reports by security experts who say they have identified ways to hack into cars. Edward …

U.S. Regulator Says Small Banks Could Face Cyber Threat

The Office of the Comptroller of the Currency said on Wednesday that it is devoting significant resources to help smaller, community lenders fend off cyber attacks, after hackers attacked many major U.S. banks last year. Community banks often rely on …

Though Many Tech Firms Experience Cyber-Attacks, Few Have Cyber Liability Coverage

A majority of technology companies have experienced data breaches and other cyber incidents, yet only one in 10 has cyber liability insurance, The Stratton Agency announced today. “Ironically, technology companies are among the companies most vulnerable to cyber-attacks,” according to …

Connected Vehicles of the Future Promise Safety

Vehicle manufacturers and suppliers across the globe are looking to put innovative functions in their vehicles to enhance the experience of owning and driving a vehicle. From drivers receiving real time traffic and navigation guidance, to passengers viewing movies via …

Changing the Way Businesses Defend Against Cyber Attacks

Hackers have attacked news organizations, social media sites, major corporations and government agencies, accessing private documents and personal information. Still most organizations do not prioritize cybersecurity as a strategic competency. A group of Iowa State University researchers say it is …

Study Shows Cyber Attacks Target Small Businesses

Almost one-third of U.S. small businesses surveyed by the Ponemon Institute had a cyber attack in the previous year, it was reported today in a study sponsored by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich …