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Fancy Bear, a Russian cyber espionage group serving political interests, has used spear phishing, malware and zero-day attacks to advance its agenda, including election manipulation. NotPetya , considered one of the most destructive cyberattacks, completely destroyed global shipping company Maersk’s computer network in 2017.
Meanwhile, a Russia-linked cyberattack has already stolen and leaked documents from other Olympic organizations. A senior analyst at McAfee warned that the Olympics may experience more cyberattacks before closing ceremonies. EDITED TO ADD: There was already one attack.
Although such automated tools help to cut down cyberrisks, they also create complex visibility hiccups because of a shortage for the trained workforce. Latest attack on Classification Society DNV software stands as a best example.
NASA audit: work from home greatly increases attack surface. The audit proves what we've heard from many security leaders during our SecureWorld Remote Sessions : the pandemic and work from home have greatly increased the cyberattack surface and attack attempts.
Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyberattack and when they hear about other companies being hit by a cyberattack.
The 2021 cyber-attack on Colonial Pipeline springs to mind, which led to legal changes and served as a wake-up call for many in the industry regarding the importance of cybersecurity measures and the potential consequences of such breaches. Some businesses never fully recover.
The report provides an inside look at the insights and tools used by risk managers, IT departments, security researchers, and solution providers to hone their offerings and approaches to keeping organizations safe from evolving cyber threats. “By Ransomware claims and costs.
Rather than doors, locks and vaults, IT departments rely on a combination of strategies, technologies, and user awareness training to protect an enterprise against cybersecurity attacks that can compromise systems, steal data and other valuable company information, and damage an enterprise’s reputation. appeared first on eSecurityPlanet.
In this spotlight edition* of The Security Ledger Podcast, Steve Hanna of Infineon joins us to talk about the growing risk of cyberattacks on industrial systems and critical infrastructure. is poised to transform the global economy, Hanna said, but not if the issue of cyberrisk can't be managed. Industry 4.0"
The CEOs of big brands may speak of the ‘sophisticated and complex attacks’ on their systems when trying to justify to customers and suppliers why their data was breached. However, post-attack analysis doesn’t back this up. CSPM also provides educational videos so employees are made aware of how to defend themselves from cyber-attacks.
Social engineering attacks , including phishing, spam, and viruses introduced via clickable links within e-mail affected 80% of the banking institutions in 2016. What are the benefits of cyber security awareness trainings?
On May 17, 2017, the US Securities and Exchange Commission (SEC), through its National Exam Program, issued a “ Risk Alert ” to broker-dealers, investment advisers and investment firms to advise them about the recent “WannaCry” ransomware attack and to encourage increased cybersecurity preparedness.
Attributing cyber-attacks to the responsible threat actors is an incredibly difficult task. While cybercriminals are often upfront with their intentions and in claiming responsibility for an attack, mapping real world identities can often be incredibly challenging.
Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyberrisk a potentially uninsurable area due to falling profitability. How is cyber insurance changing?
Most traditional tools used for investigating cyberattacks cannot assess potential impacts on these environments. Series A SenseOn 2017 London, UK 61 $26.4 Series A GitGuardian 2017 Paris, France 63 $56.0 Series A Isovalent 2017 Mountain View, CA 48 $29.0 Series A Cowbell Cyber 2019 Pleasanton, CA 124 $23.6
Also, that threat actors, especially state-sponsored, and criminal enterprises would take advantage of the expanding cyber-attack surface by using their resources to employ more sophisticated means for discovering target vulnerabilities, automating phishing, and finding new deceptive paths for infiltrating malware.
In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017.
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