April 12, 2022
It’s a crime that siphons untold billions from the economy — but many people have never heard of it. Business Email Compromise scams involve criminals hacking into email accounts, pretending to be someone they’re not and fooling victims into sending …
October 18, 2021
Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an estimated 6.1 million customers and employees. The …
October 14, 2021
Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data, analytics and mitigation expertise of its four businesses and other business, government and academic partners. The cross-enterprise center’s participants— Marsh, …
October 13, 2021
The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track of employees’ digital communications, three people familiar with the matter told Reuters. SEC enforcement staff contacted multiple banks in recent …
October 6, 2021
Singapore plans to review its strategy to further safeguard the country against cyber attacks, and may also revise its laws in this area. An updated strategy would give businesses and people better tools to deal with cybersecurity, Josephine Teo, the …
July 19, 2021
Cyber risk is becoming increasingly relevant to insurer credit ratings, according to a report from S&P Global Ratings. Overall, S&P said it has noted “more credit-relevant cyber events in the last six months than in the previous six years.” S&P …
June 24, 2021
A coastal Georgia hospital system is still struggling to recover from a ransomware attack that shut down its computer systems last week. Local news outlets report that the St. Joseph’s/Candler health system, which operates two hospitals in Savannah and has …
June 21, 2021
WASHINGTON — As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: The ransoms may be tax …
June 11, 2021
A surge in cyber attacks and ransomware hacks since the start of pandemic lockdowns is alarming for a world of finance moving headlong into digital money and remote working longer term. The flipside of the digital revolution has always been …
June 4, 2021
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best report. According to the global rating agency’s analysts, insurers “urgently need to reassess all aspects …