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

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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North Korean Hackers Intensify Cyberattacks on South's Arms Industry

SecureWorld News

North Korea's prolific state-sponsored hacking units are once again setting their sights on South Korea's defense and arms manufacturing sector. Documentation on the Lazarus Group contains dozens of TTPs that can be analyzed against defensive infrastructure maturity and assets of an organization to prioritize and harden against attack."

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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. SecurityWeek has attempted to contact the electronics manufacturer but has yet to receive a response.

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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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Corvus Insurance Reports the Ratio of Ransoms Demanded to Ransoms Paid is Steadily Declining

CyberSecurity Insiders

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. Litigation risks for tech vendors. Ransomware claims and costs.

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[Press Release] Enabling the Industry 4.0 Transformation Journey

Responsible Cyber

Operational Technology is no exception. Primarily used in the manufacturing industry, cybercriminals have targeted Operational Technology to disrupt business operations. The manufacturing industry transition relies heavily on connectivity and new technologies. However, benefits come with drawbacks.

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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.