cyberattacks News

New Tool Fools Hackers into Sharing Keys for Better Cybersecurity

Instead of blocking hackers, a new cybersecurity defense approach developed by University of Texas at Dallas computer scientists actually welcomes them. The method, called DEEP-Dig (DEcEPtion DIGging), ushers intruders into a decoy site so the computer can learn from hackers’ …

Ransomware Attack on Hospital Shows New Risk for Muni-Bond Issuers

Hackers have finally done what bond issuers may have feared most from cyber criminals. A ransomware attack on Pleasant Valley Hospital in West Virginia was partly responsible for the hospital’s breach of its covenant agreement, according to a notice to …

Ohio Gears Up Cyber Soldiers for Virtual Defense Tactics in 2020

Cyberattacks in Ohio have disrupted airport flight displays, led to the shutdown of a help line during a winter storm and cut off access to police investigation reports temporarily. The Buckeye State is fighting back. Its first volunteer cyber reservists …

Operator of ‘Booter’ Service for Cyber Attacks Sentenced to 13 Months

An Illinois man who has been hacking since he was a teenager was sentenced last week to 13 months in prison and ordered to forfeit $542,925 for operating a service that charged subscription fees to hackers who launched millions of …

Healthcare Provider Cyber Attacks Are Up in Recent Months

Healthcare providers and government agencies across the U.S. have seen an increase in cybersecurity breaches in recent months, exposing sensitive data from hundreds of thousands of people as the sector scrambles to find adequate defense mechanisms. “These threats are real,” …

Businesses Face Evolving Cyber Risk

Though several factors affect a firm’s cyber risk, people remain the critical vulnerability, according to Scott Stransky, assistant vice president and principal scientist with AIR Worldwide. In an audio interview with Claims Journal, he explained the evolving risk and what …

Hackers Drawn to Oil and Gas Industry’s Lack of Sensors, Controls

Oil and gas companies, including some of the most celebrated industry names in the Houston area, are facing increasingly sophisticated hackers seeking to steal trade secrets and disrupt operations, according to a newspaper investigation. A stretch of the Gulf Coast …

Businesses’ Data Breach Concerns Push Cyber Insurance Market Growth

U.S. insurers are becoming more skilled at underwriting and pricing stand-alone cyber insurance policies as businesses show a greater interest in protecting themselves from data breaches and attacks, according to the Insurance Information Institute (I.I.I.). “More than 60 carriers offer …

Yahoo Password Breach Equivalent to Ecological Disaster

As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While it’s unknown …

Marsh/RIMS Report on Future Difficulty in Forecasting Emerging Risks

Most risk professionals believe that forecasting risk will not get any easier in the next three years, with cyberattacks and regulation topping the list of areas from which emerging risks will likely arise, according to a new report published jointly …