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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.

Insiders

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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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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. While the investigation is still ongoing, Leicester City Council stated that evidence pointed to the attack being financially motivated rather than an ideological cyberattack.

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. In addition, the U.S.

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Feel Good Ukraine Tractor Story Highlights Ag Cyber Risk

The Security Ledger

The bad news: those same remote access features could be used to launch crippling, large scale attacks on US farms. The post Feel Good Ukraine Tractor Story Highlights Ag Cyber Risk appeared first on The Security Ledger with Paul F. Jim Langevin on Cyber Policy in an Age of Political Polarization. The bad news?

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Spotlight Podcast: CSO Chris Walcutt on Managing 3rd Party OT Risk

The Security Ledger

In this Spotlight Podcast, host Paul Roberts talks with Chris Walcutt, the CSO of DirectDefense about the rising cyber threats facing operational technology (OT) and how organizations that manage OT - including critical infrastructure owners can best manage increased cyber risks to OT environments. For Hacking.

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