cyber attacks News

Maryland Cybersecurity Bill Would Set Defense Plan for Local Agencies

A new Maryland bill would ask the state’s Department of Information Technology to develop a baseline plan for localities within the state to help battle cyber attacks. Senate bill 120, introduced by Sen. Susan Lee, D-Montgomery, would give the Maryland …

Travelex’s UK Money Transfer and Wire Services Operational After Ransomware Attack

Travelex’s UK international money transfer service and wire offering is fully operational again, it said on Tuesday, almost a month after a crippling ransomware attack forced staff to use pen and paper to calculate foreign currency exchanges. The cyber attack …

Cyber Attacks in Europe, Middle East Could Be Work of Turkey-Sponsored Hackers

Sweeping cyber attacks targeting governments and other organizations in Europe and the Middle East are believed to be the work of hackers acting in the interests of the Turkish government, three senior Western security officials said. The hackers have attacked …

Major Cyber Attacks of 2019 Seen via Infographic from Cyber Risk Modeling Firm Kovrr

With the number of cyber attacks on the rise, it’s natural to think that this increase of cyber attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive …

Insurtech Firm CyberCube Calls on Insurers to Set Global Cyber-Security Standards

CyberCube, an insurtech focused on cyber risk analytics, is calling on the insurance industry to set global cyber-security standards as the world digitizes. “Internet-connected technologies is a prime opportunity for the insurance sector to be at the forefront of understanding …

Forex Firm Travelex Resumes Customer-Facing Operations After Ransomware Attack

More than two weeks after a crippling ransomware attack forced Travelex staff to use pen and paper to calculate foreign currency exchanges, the company said the first of its customer-facing systems in Britain was up and running again. The cyber …

Cyber Ranks as Top Peril for Companies Globally for 1st Time: Allianz Survey

Cyber incidents rank for the first time as the most important business risk globally, pushing the perennial top peril, business interruption (BI), into second place, according to the ninth Allianz Risk Barometer 2020. Cyber incidents were named by 39% of …

Forex Firm Travelex Restores Some Online Services After Ransomware Attack

Travelex is restoring operations to process foreign exchange orders electronically, it said on Monday, almost two weeks after cyber hackers took hold of its systems, leading to a global blackout of its online services. Staff at Travelex were forced to …

Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube

The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime, according to experts at CyberCube, the cyber risk analytics firm. Travelex announced this week that cyber hackers were holding its …

Texas Governor Warns of 10K per Minute Attempted Cyber Attacks from Iran

Gov. Greg Abbott is warning Texans to be “particularly vigilant” regarding potential cyber terrorism from Iran, suggesting that heightened tensions with the country have caused an increase in attempted attacks on state agencies. “This is something that everybody in the …