cyber attacks News

Report Finds Some Progress on Global Strategies to Reduce Cyber Risks

Despite the overall worsening cybersecurity climate, there’s been some global progress in developing strategies to reduce risk. “We are seeing a new level of collaboration between the public and private sectors,” Christian Hoffman, Aon’s Cyber Solutions chief executive officer of …

Accenture: Systems Restored, ‘No Impact’ From Reported Ransomware Attack

Accenture said it has fully restored certain affected systems, after a CNBC reporter tweeted of a hacker group saying it attacked the IT consulting firm using LockBit ransomware and threatened to release the data in several hours. “Through our security …

States Weigh Bans on Ransomware Payoffs

As ransomware attacks continue to wreak havoc on police departments, school districts and city and county governments, some state legislators say they’ve had enough. At least three states—New York, North Carolina and Pennsylvania—are considering legislation that would ban state and …

Disruptions from Cyber Attack Force S. Africa Port Operator to Declare ‘Force Majeure’

Transnet SOC Ltd., South Africa’s state-owned ports and freight-rail company, declared force majeure at the country’s key container terminals after disruptions caused by a cyber attack five days ago. The measure covers the Durban, Ngqura, Port Elizabeth and Cape Town …

Cyber Attack Disrupts Container Operations at Major South African Port

JOHANNESBURG – A cyber attack has disrupted container operations at the South African port of Cape Town, an email seen by Reuters on Thursday said. Durban, the busiest shipping terminal in sub-Saharan Africa, was also affected, three sources with direct …

Remote Working Causes Cyber Attacks to Skyrocket, Says Financial Stability Board

Financial firms may need to bolster their defenses in the face of rocketing cyber attacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday. The FSB, which coordinates financial rules for the G20 group of …

German Cyber-Security Watchdog Confirms Country’s First ‘Cyber-Catastrophe’

A district council in eastern Germany has declared a disaster after its computer systems were paralyzed by a hacker attack in what the federal cyber-security watchdog confirmed was the country’s first-ever “cyber-catastrophe.” Hackers knocked out the IT operations of the …

Biden Under Pressure to Counter Growing Ransomware Threat

President Joe Biden on Wednesday discussed the possibility of responding to a spate of ransomware attacks against U.S. entities that are believed to be perpetrated by Russian-linked hackers, a growing concern for his administration. Biden gathered members of his national …

How Russian Military Uses ‘Brute Force’ to Hack U.S. Government, Companies

U.S. and British agencies disclosed last week details of “brute force” methods they say have been used by Russian intelligence to try to break into the cloud services of hundreds of government agencies, energy companies and other organizations. An advisory …

Does It Ever Make Sense for Firms to Pay Ransomware Criminals?

The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers for making payments to ransomware criminals. Cyber insurance policies have long covered these ransom costs, and it is widely anticipated …