Cyber Risk News

Russian Spy Tools Linked to SolarWinds Hack, Says Cyber Security Firm Kaspersky

The group behind a global cyber-espionage campaign discovered last month deployed malicious computer code with links to spying tools previously used by suspected Russian hackers, researchers said on Monday. Investigators at Moscow-based cyber security firm Kaspersky said the “backdoor” used …

Deep Fake Losses to Challenge Cyber Insurers, CyberCube Warns

What do Ulysses and his Trojan Horse, the pickpocket Fagan in Charles Dickens’ Oliver Twist and a video of Facebook’s Mark Zuckerberg touting how his company “owns” its customers have in common? They are old and new forms of deception …

Cyber Experts Race to Secure Networks Following Broad Cyber Attack on U.S.

Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a U.S. internet provider and a county government in Arizona, according to web records and a security source. More details were revealed …

Suspected Russian Hack of U.S. Government: Espionage or Act of War?

The suspected Russian hack of U.S. government agencies has led to heated rhetoric from lawmakers, with U.S. Senator Dick Durbin calling it “virtually a declaration of war” and U.S. Senator Marco Rubio saying that “America must retaliate, and not just …

Cyber Insurers Scale Back as Ransomware Attacks Rise

Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs …

How Dominance of One Management Software Became Cyber Liability for U.S.

On an earnings call two months ago, SolarWinds Chief Executive Kevin Thompson touted how far the company had gone during his 11 years at the helm. There was not a database or an IT deployment model out there to which …

As They Focus on COVID-19 Surge, Hospitals Become Targets for Cyber Attacks

By late morning on Oct. 28, staff at the University of Vermont Medical Center noticed the hospital’s phone system wasn’t working. Then the internet went down, and the Burlington-based center’s technical infrastructure with it. Employees lost access to databases, digital …

Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns

Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts argued recently. BI coverage has drawn heightened attention in recent months due to the coronavirus pandemic and its ongoing disruption …

Shopify Customer Data Likely Exposed by 2 Employees Attempting to Steal Records

Shopify Inc. said on Tuesday data of customers who shopped at fewer than 200 merchants listed on the company’s e-commerce platform was likely exposed after two employees tried to steal transaction records. The data exposed includes email, name, and address, …

U.S. Prosecutors Charge 7 in Alleged Multi-Target Chinese Hacking Scheme

The U.S. Justice Department said on Wednesday it has charged five Chinese residents and two Malaysian businessmen in a wide-ranging hacking effort that encompassed targets from video games to pro-democracy activists. Federal prosecutors said the Chinese nationals had been charged …