The average ransom paid to cyber criminals nearly doubled to $12,762 per incident in the first quarter of 2019, compared to $6,733 during the fourth quarter of 2018, according to a report released today by Coveware, a cybersecurity firm based …
Production at Norwegian aluminum maker Norsk Hydro was back to near normal after a cyber attack last month, the company said on Friday. The group halted some of its production on March 19 and switched other units to manual operation …
Norwegian aluminum maker Norsk Hydro may have lost more than $40 million in the week that followed a cyber attack that paralyzed parts of its operations, and a full recovery of IT systems will take weeks or more, the company …
Cybercrime claims by policyholders outside the health care sector nearly doubled in 2018, led by financial fraud, often phishing schemes that lead to payments or wire transfers to criminals posing as clients or business partners, NAS Insurance said in a …
Norsk Hydro ASA confirmed that a ransomware attack was behind production outages across the aluminum producer’s operations in Europe and the U.S. The perpetrators are still unknown but the work is similar to other recent breaches. The Norwegian company, one …
The evolution of ransomware from traditional to new applications, the cybersecurity implications of serverless apps, the consumer privacy implications of corporations monitoring consumers in their own homes, long-term implications of corporations gathering children’s user-generated content, and the emergence of a …
A new mobile app released by Chubb promises to reduce delays in reporting cyber incidents, offering a work around in cases where hackers shut down whole networks. The Cyber Alert mobile application allows 24/7 reporting for commercial cyber customers in …
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 …
Beazley, a cyber and data breach response global insurance provider, released its Beazley Breach Insights findings based on its client data in the first six months of 2017. Ransomware attacks continued their rise in the first half of 2017, up …
An increase in spearfishing and ransomware, coupled with weakened data security due to more connected and mobile devices, means businesses and insurers need to understand and protect against these threats. That’s according to an expert panel discussion held during the …