cyber attacks News

UK-Based Tech Platform Xchanging Hit by Ransomware Attack

DXC Technology announced that certain systems of its subsidiary, Xchanging, have experienced a ransomware attack. Xchanging is primarily an insurance managed services business that operates on a standalone basis. Tysons, Va.-based DXC said it is confident that this incident is …

Australia to Spend Nearly $1 Billion on Cyber Security During Next Decade

SYDNEY – Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defenses, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks. The announcement comes just …

More Than 10,000 People Join Lawsuit Against EasyJet for Massive Data Breach

EasyJet Plc faces a lawsuit over a data breach disclosed last month that potentially exposed private details of 9 million passengers. More than 10,000 people have joined the suit since it was filed last month, according to law firm PGMBM. …

Business Cyber Losses Soar but Firms Fight Back with Extra Security Spending: Study

Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm to $57,000, according to an international survey commissioned by insurer Hiscox. Total cyber losses among the study group rose from …

State-Based Hackers Target Australia Government, Critical Infrastructure: Prime Minister

Australia’s government, health and education services and various industries are being targeted by sophisticated state-based cyber attacks, Prime Minister Scott Morrison said Friday. Morrison said that while the threat wasn’t new, the frequency of the attacks had been increasing over …

Amid COVID-19, Cyber Criminals Push Phishing, Ransomware Scams

There was a 25% spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley’s Breach Response (BBR) Services. While nearly all industries reported …

Shipbuilder Fincantieri’s Norwegian Unit Hit with Ransomware Attack

A group of hackers executed a successful attack this week on shipbuilder Fincantieri SpA’s Norwegian unit, an Italy-based representative for the company said, confirming local reports. Servers at the Norwegian unit, Vard Group AS, were infected with a ransomware, and …

Israel Thwarts Major Cyber Attack Against Its Water Systems

Israel’s national cyber chief Thursday officially acknowledged the country had thwarted a major cyber attack last month against its water systems, an assault widely attributed to arch-enemy Iran, calling it a “synchronized and organized attack” aimed at disrupting key national …

EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks

A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday. This would involve public-private partnerships and could cover events which hit …

Chinese Hackers Blamed for Accessing Records of 9 Million easyJet Customers

Chinese hackers are suspected of accessing email and travel details of about nine million easyJet customers, said two sources familiar with the investigation into a cyber attack disclosed by the British airline on Tuesday. The sources said the hacking tools …