All cyber risk articles – Page 8
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AnalysisUS 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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AnalysisRansomware 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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AnalysisCyber 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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AnalysisCOVID-19 forced firms to ‘cut corners’
Under mounting pressure to increase revenue and profits, with just 40% of European organisations carrying out adequate due diligence - Refinitiv
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Analysis‘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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AnalysisHalf of businesses ‘feel more resilient’ than a year ago
Sector attitudes to risk vary, finds Beazley, with those hardest hit by lockdown restrictions feeling less resilient
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AnalysisCyber 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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AnalysisWFH drives greater cyber attack volumes
Close to 80 percent of organisations experienced cyberattacks due to more employees working remotely
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AnalysisStudy 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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OpinionCyber: Breaking the culture of silence
A lack of transparency on cyber attacks is benefitting the threat actors and increasing the threat
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AnalysisRansomware 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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AnalysisCloud 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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OpinionSteps towards cyber resilience
Three proven strategies business leaders can deploy to accelerate cyber transformation
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AnalysisGDPR 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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AnalysisAmrae: Cyber insurers in “vicious cycle”
Claims frequency and severity grew substantially between 2019 and 2020, outpacing cyber insurance premium growth
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AnalysisSocial engineering: Sophisticated and underinsured
Social engineering attacks are on the rise, but losses can pose a grey area where insurance is concerned
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OpinionManaging money laundering risk in a COVID world
How money launderers are exploiting know your customer (KYC) checks and using the pandemic as a ruse to move money
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AnalysisFirms stuck in ‘response’ mode - Deloitte
Over half of organisations have faced a risk incident due to third-party failure during COVID-19 pandemic
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AnalysisAXA’s Asian operations hit by ransomware attack
It comes a week after the insurer said it would be dropping extortion payments when underwriting cyber-insurance policies in France
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AnalysisRansomware: ‘Don’t pay’, urges UK government
Paying a ransom does not guarantee a successful outcome and will not protect networks from future attacks, says home secretary
