cyber security News

Businesses Face Higher Cyber Risks via Mobile Devices – But Few Take Precautions

Although businesses are increasingly at risk for cyber attacks on their mobile devices, many aren’t taking steps to protect smartphones and tablets. That’s one of the conclusions of a report on mobile security released last week by Verizon, which found …

HDI Group Takes Stake in German Cyber-Security Start-Up Enginsight

HDI Group, the Hannover, Germany-based subsidiary of Talanx Group, has taken a stake in the cyber-security start-up Enginsight in Jena, Germany. Financial details of the transaction were not disclosed. Enginsight offers companies fully automated protection against attacks on their data …

Zurich Insurance Partners with Cyber-Security Specialist CYE

Zurich Insurance Group has created a new offering together with cyber-security company CYE to shield businesses against the growing risks of cyber crime. With the partnership, Zurich’s specialist cyber insurance and risk engineering capabilities are combining with CYE’s artificial intelligence-based …

Websites of Many Kansas Counties May Lack Security Against Hackers: Report

Many Kansas counties’ websites may be at risk as they lack basic protocols that make it easier for hackers to impersonate websites in order to install malware or trick individuals into giving out their personal information. Out of 105 counties, …

Aon Acquires Canadian Cyber Security Firm Cytelligence

Insurance broker Aon reported it has acquired Cytelligence Inc., a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security training for employees. Aon said the acquisition will help it expand its …

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 …

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 …

Ransomware Exposure Driving Up Cyber Insurance Costs

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, …

Update: U.K.-Based Foreign Exchange Firm, Travelex, Crippled by Ransomware Attack

Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said cyber hackers were holding its systems to ransom, leading to a global blackout on its online currency exchange services. The …

Trump Administration Seeks to Limit ‘Overreach’ of Regulation of Artificial Intelligence

The White House on Tuesday proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach,” and said it wants European officials to likewise avoid aggressive approaches. In a fact sheet, the White …