Analysis – Page 14
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Analysis
Ransomware attacks quadruple in 2016 and expected to double in 2017
Research also reveals companies’ most vulnerable times of year
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Confidence in cyber security drops amid rise in ransomware attacks
Once attacked, organisations experience an average of six attacks a year
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Companies underestimate their ability to protect themselves against cyberattacks
The average company experiences two to three effective attacks per month
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Ransomware attacks more than doubled in 2015 – Beazley
Specialist insurer expects 250% increase in ransomware attacks in 2016
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The next big cyber threat will come in the form of ransomware
Ransomware – whereby criminals steal data and threaten to destroy it unless demands for money are met – is a key strategy for hackers, but risk managers can take steps to prevent such attacks Part of a technology risks series supported by
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Analysis
Video: insurance chiefs on emerging risks, investment trends and improving corporate resilience
AXA CS, Zurich, Allied World and FM Global views on the challenging risk landscape in Europe and how businesses can build greater resilience
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Tech firms need to take risk more seriously
Just seven percent of senior technology company execs said that “addressing risk throughout the organisation” is a priority issue
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Social media top concern for risk managers
Half of the risk managers surveyed at Ferma ranked social media a key cyber risk, alongside malicious attacks and data breaches
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Uni launches research to tackle cyber crime
City University in London has established a research centre of excellence for cyber crime and cyber terrorism
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Hospitality sector a key target for cyber crime
Cyber related insurance claims leapt over 50% last year
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Social media threat warning
New digital media risks can irreparably damage brand names and corporate reputations
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Protecting yourself from cyber assault
Payment processor Mastercard is the latest victim of a security breach. How can organisations defend themselves?
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US busts international cyber ring
A plot to victimise a million people and steal around $74m has been broken up in Operation Trident
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XL launches new cyber insurance cover
Cyber liability coverage includes costs associated with mandatory data breach notifications
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Nintendo hacked
Another Japanese multi-national is the latest victim of cyber attack. StrategicRISK explores some solutions to cyber risks
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CARM addresses cyber risk
French risk managers meet in Paris to discuss the threat of Web 2.0
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Sony struggles to deal with cyber crime
The Playstation network hack continues to trouble the electronics giant
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How to defend yourself against cyber attacks
You might think your intellectual property is safe, but cyber crime is a fast-growing threat. Here are 10 steps you can take to protect your company’s deepest secrets