Analysis – Page 9
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Analysis
Ransomware becomes UK's biggest cyber threat
NCSC handled the same number of incidents in the first four months of 2021 as it did for the whole of 2020
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Analysis
Supply chain attacks quadruple in 2021
Just a third of UK firms say they are tackling the threat as governments introduce new digital supply chain rules
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Operational technology breaches grow by 83%
Cybercriminals are targeting critical infrastructure with ransomware as they are considered easy prey - Skybox Security
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Global commercial insurance prices up 15% in Q3 - Marsh
Despite pricing levelling out in certain lines of business, the ‘pressure on rates in cyber insurance’ continues
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Trends behind the ransomware epidemic
Double and triple extortion and supply chain attacks are driving the surge in ransomware incidents - AGCS
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Analysis
FERMA Talks: The cyber conundrum
“We can’t leave insureds under-protected on cyber” as industry works through systemic risk potential
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Ransomware considerations for a hybrid workplace
There is now a much larger attack surface for cybercriminals to target due to remote and hybrid working practices
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US banks vulnerable to systemic cyber attack
Tail events from a systemic cyber risk event caused by a ’single point of failure’ could be “material”, warns Fitch
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Ransomware payments surge by 82%
Latest Unit 42 figures confirm the ransomware crisis continues to intensify, with the rise of quadruple extortion
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The aggregate risk potential of a SPOF
Kaseya has confirmed that supply chain attacks are now firmly in the sights of cybercriminals, says CyberCube’s Darren Thomson
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Cyber tops financial services risk register
Cyber attacks, pandemics and over regulation are among the biggest fears for CEOs at banks and insurers - PwC
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‘Colossal’ ransomware attack hits 200 firms
Attack on Miami-based IT supplier Kaseya was timed to coincide with the 4th of July celebrations
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Cyber fears for critical infrastructure
Attacks against Florida’s water treatment facility and Colonial Pipeline highlighted a disruptive threat - survey
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Cyber insurance struggling to counter online threat
Cyber insurance has failed to live up to expectations that it may act as a tool for improving organisations’ cyber security practices, finds RUSI
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WFH drives greater cyber attack volumes
Close to 80 percent of organisations experienced cyberattacks due to more employees working remotely
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Study reveals true cost of ransomware
84% of firms are hit again after submitting to ransom demands; with data corrupted during the recovery for 43%
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Ransomware cartels “expand the playbook” - CyberCube
Criminals will continue to target high-profile organisations, having researched their ability to pay a ransom prior to the attack
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Cloud outage highlights need for operational resilience
Multiple major websites went offline on Tuesday after an hour-long outage at the cloud service company Fastly
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GDPR fines nearly €300 million
The EU has issued a total of 648 penalties since the regulation was introduced three years ago
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Analysis
Amrae: Cyber insurers in “vicious cycle”
Claims frequency and severity grew substantially between 2019 and 2020, outpacing cyber insurance premium growth