Mexico’s central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported “inconsistencies” in the cash payment matching system. Insurer AXA said in a separate statement it suffered a …
Hackers have infected three energy and transport companies in Ukraine and Poland with sophisticated new malware and may be planning destructive cyber attacks, a software security firm said on Wednesday. A report by researchers at Slovakia-based ESET did not attribute …
The U.K.’s National Cyber Security Centre blamed hostile foreign states for the majority of the 1,167 attacks it has handled in the two years it’s been running, equivalent to 10 assaults a week. In the organization’s second annual report, published …
Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security …
Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach for China’s top digital payments providers. …
A North Korean hacking group focused on financial gain for the rogue state has penetrated banks around the world with a series of ongoing attacks, and has tried to steal at least $1.1 billion over the last four years, according …
KOVRR, a provider of predictive modeling for cyber insurance, announced a silent and affirmative cyber risk product. The new product enables insurance and reinsurance carriers to identify uncalculated capital at risk and quantify policy clauses that may leave them liable …
Russia’s military intelligence service has led a campaign of “indiscriminate and reckless cyber attacks targeting political institutions, businesses, media and sport,” the U.K.’s National Cyber Security Centre said in a statement. Under names including Fancy Bear, Pawnstorm and Tsar Team, …
Britain’s markets watchdog has fined Tesco 16.4 million pounds ($21.4 million) for failing to protect account holders at its bank from a “foreseeable” cyber attack two years ago. The Financial Conduct Authority said that in November 2016 cyber attackers exploited …
Some professional indemnity (PI) insurers are applying greater rigor, are being increasingly selective, or are repricing risks, for small and mid-sized law firms in England and Wales, warned Marsh in a market update. As Oct. 1 approaches – the most …
