The Equifax breach is reminding small business owners that they may be vulnerable to cybercriminals. Companies that provide security and other technology services to small businesses say they’ve had an increase in calls from customers since Equifax revealed that the …
Hackers broke into Equifax’s computer systems in March, two months earlier than the company had previously disclosed, according to a Wall Street Journal report . That gave the intruders months to probe vulnerabilities and eventually gain access to the data …
A global cyber attack could result in damages of as much as $121.4 billion in an extreme event, comparable to economic losses caused by Hurricane Katrina in 2005, Lloyd’s of London said in a report. Average losses from a scenario …
Researchers have discovered a troubling breed of power grid-wrecking software, saying in a report published Monday that the program was very likely responsible for a brief blackout in Ukraine late last year. The malicious software has the ability to remotely …
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 …
Target Corp. has reached an $18.5 million settlement over a massive data breach that occurred before Christmas in 2013, New York’s attorney general announced Tuesday. The agreement involving 47 states and the District of Columbia is the largest multistate data …
Headlines about mass data breaches have become ominously routine, and yet password convenience still trumps security for most people. That’s why, year after year, the world’s most popular log-on remains “123456,” a password so obvious it accounted for 17 percent …
For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. …
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 …
Randell Heath isn’t sure how hackers got into his company’s website – all he knows is a supplier called, saying the site had become an online store selling Viagra and Cialis. The problem might have been at the company that …