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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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Cyber Attack Halts Production at Ag Equipment Maker AGCO Fendt

The Security Ledger

A cyber attack has disrupted the operations of AGCO/Fendt, a major manufacturer of agricultural equipment, the company has acknowledged. The post Cyber Attack Halts Production at Ag Equipment Maker AGCO Fendt appeared first on The Security Ledger with Paul F. Cyber attacks on agriculture on the rise.

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A Ransomware Group Claims to Have Breached the Foxconn Factory

Hacker Combat

ransomware to conduct the cyber-attack, the hackers threaten to expose stolen files unless the company pays a ransom. The factory specializes in manufacturing, consumer electronics, medical devices, and industrial operations. The ransomware gang demanded over $34 million in bitcoin to be paid as ransom.

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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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Norsk Hydro Hit with ‘Severe’ LockerGoga Ransomware Attack

The Security Ledger

Global aluminum manufacturer Norsk Hydro was hit with an alleged ransomware attack Tuesday. The attack is having a major impact on the company's global business and production. The post Norsk Hydro Hit with ‘Severe’ LockerGoga Ransomware Attack appeared first on The Security Ledger.

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Cybersecurity in 2022, Predictions for digital ecosystem facing more challenges and sophisticated threats

CyberSecurity Insiders

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. Ransomware.

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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

By the way, Sean Scranton will be presenting on "Covering Your Cyber Assets" at the SecureWorld Philadelphia conference on April 19-20. Can companies live without cyber insurance? that may be included as part of the cyber insurance coverage terms. Theresa Le, Chief Claims Officer, Cowbell: "Cyber insurance is highly recommended.