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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

The data shows how perceptions around cyber and technology risks, from ransomware and other cyber-attacks to the threats posed by AI, are changing the global business risk landscape. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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Western Digital shuts systems due to Cyber Attack

CyberSecurity Insiders

A cyber attack launched and identified on March 26th of this year has triggered the incident response teams of Western Digital (WD) to take appropriate steps to mitigate the cyber risks of the incident. However, it assured to the media that it will reveal more of the cyber incident details after the probe gets done.

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Zurich chief warned that cyber attacks will become uninsurable

Security Affairs

The chief executive of insurance giant Zurich warns that cyber attacks, rather than natural catastrophes, will become uninsurable. Mario Greco, chief executive of insurer giant Zurich, has warned that cyber attacks will become soon “uninsurable.”. SecurityAffairs – hacking, Zurich). Pierluigi Paganini.

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Cyber Attack on New York Transport Authority

CyberSecurity Insiders

New York Metropolitan Transport Authority, well known shortly as MTA was reportedly hit by a cyber attack in April this year and sources report that the incident was limited only to some systems and no employee or customer info was compromised. .

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China is targeting smaller nations with Cyber Attacks

CyberSecurity Insiders

Exploiting zero-day vulnerabilities, phishing, malware attacks, and exploring and exploiting unpatched software issues were being employed by the hacking groups funded by the Xi Jinping led nation. The post China is targeting smaller nations with Cyber Attacks appeared first on Cybersecurity Insiders.

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Turn Out the Lights, the Cyber Attack Is Over. Not Quite

SecureWorld News

This is due to a technical issue connected to the recent cyber attack, when we were forced to shut down our IT systems. First, any organization that uses computers and the internet is a potential target of these attacks; there is no such thing as security by obscurity. Cedric Leighton, CNN Military Analyst; U.S.

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GUEST ESSAY: 6 unexpected ways that a cyber attack can negatively impact your business

The Last Watchdog

Cyber crime can be extremely financially damaging to businesses. However, if you believe that money is the only thing that a cyber-attack costs your organization, you would be wrong. In fact, a recent academic analysis identified 57 specific individual negative factors that result from a cyber-attack against a business.