cyber attack News

Researchers Say Machine Learning Boosts Defense Against Multi-Stage Cyber Attacks

A machine learning algorithm may give organizations a powerful and cost-effective tool for defending against attacks on vulnerable computer networks and cyber-infrastructure, often called zero-day attacks, according to researchers. These zero-day attacks can quickly overwhelm traditional defenses, resulting in billions …

Vermont Hospital Cyber Attack Cost Estimated at $1.5M a Day

A late October cyber attack on the computer systems of the University of Vermont Medical Center is costing the hospital about $1.5 million a day in lost revenue and recovery costs, its CEO said. The Oct. 28 attack crippled the …

University of Vermont Medical Center Continuing Cyber Attack Recovery

The University of Vermont Medical Center is continuing to recover from the cyber attack late last month that crippled access to electronic records at the Burlington hospital. On Tuesday, the hospital said it had successfully restored access to its main …

U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands

The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories, one from the Financial Crimes Enforcement Network (FinCEN) and …

Insurance Broker Gallagher Reports Ransomware Attack

Insurance broker Arthur J. Gallagher & Co. and its claims unit, Gallagher Bassett, reported that a ransomware incident that happened on Saturday, Sept. 26 limited some of its internal systems. In a filing with the Securities and Exchange Commission (SEC), …

Start of School in Hartford Delayed by Ransomware Attack

One the worst cyberattacks yet against Connecticut’s capital city forced officials to postpone the first day of school Tuesday, disrupting the day for thousands of families as city computer experts rushed to restore systems vital for school operations. Hartford Mayor …

Cyber Attacks Are Seen Pushing Up Risk Premiums for Stocks

U.S. equity investors are demanding higher risk premiums to compensate for rising cyber threats as the coronavirus pandemic pushes more businesses to move online. That’s according to researchers at Michigan State University who found that funds adjust their positions according …

New Zealand’s Stock Exchange Resumes Trading After Cyber Attacks

New Zealand’s stock exchange resumed trading on Friday, after facing disruptions for four consecutive days in the wake of cyber attacks this week, while the government said national security systems had been activated to support the bourse. There is no …

FBI Thwarts Cyber Attack on Tesla Factory

Elon Musk said on Thursday that Tesla Inc.’s factory in Nevada was a target of a “serious” cybersecurity attack, confirming a media report that claimed an employee of the company helped the Federal Bureau of Investigation (FBI) thwart the attack. …

Pandemic-Afflicted Cruise Operator Carnival Hit by Ransomware

Cruise operator Carnival Corp. said on Monday it launched an investigation into a ransomware attack on one of its brand’s information technology systems. Carnival, which operates AIDA, Carnival and Princess cruises among others, in a regulatory filing said the attack …