cyber security News

Real Life Examples Show Why Businesses Must Boost Their Cyber Defenses

When cyber thieves attacked Empire Industries’ computer network, technology manager Rich Shemanskis could see files in the process of being infected by malicious software. “We were looking at the network, and I noticed it, and another guy noticed it. We’re …

U.K. Cyber-Security Startup Tessian Raises $40M to Support U.S. Expansion

Sequoia Capital has backed a London-based cyber-security startup founded by a trio of former banking analysts, who were surprised how often documents such as deal-term sheets were accidentally emailed to the wrong person. Tessian Ltd. has received $40 million to …

MGA Coalition Covers Firms with Cyber Exposure Under EU’s Data Privacy Law

Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European Union’s General Data Protection Regulation (GDPR). Unlike other cyber insurance …

Swiss Re Partners with Insurtech Firm OZON, Offering Cyber Risk Solution in France

Swiss Re Corporate Solutions is expanding its cyber offering by launching CyberSolution 360°, a risk management solution that combines insurance with cyber attack protection services. Developed in the exclusive collaboration with the French cyber security insurtech firm OZON, the solution …

Minnesota Department Reports Data Breach, up to 3K Exposed

The Minnesota Department of Human Services says a data breach potentially exposed personal information on up to 3,000 people. Commissioner Tony Lourey tells legislative leaders it happened Sept. 28 when an employee fell for a phishing scam and clicked on …

U.S. Charges Traders, Ukrainian Hackers with Stealing SEC Filings on Corporations

U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with scheming to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission database. The charges against 10 defendants, including two charged criminally, …

Iran Hackers Could Be Behind Wave of Cyber Attacks on Infrastructure: FireEye

Cyber attackers in Iran could be behind a wave of hacks on government and communications infrastructure that will require a coordinated global response to repel, according to cyber-security firm FireEye Inc. FireEye researchers have identified attacks on dozens of internet …

U.S. Supreme Court Declines to Hear Fiat-Chrysler Appeal in Auto Hacking Case

The U.S. Supreme Court on Monday declined to hear Fiat Chrysler‘s appeal in a class action lawsuit over allegations that its Jeeps and other trucks are vulnerable to hacking, one of the first legal cases involving automotive cyber security risks. …

How Big Tech Is Using Artificial Intelligence to Stop Hackers

Last year, Microsoft Corp.’s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company’s administrators, who usually logs on from New York, was trying to gain entry from Romania. And no, …

Cryptocurrency Industry Struggles to Buy Insurance, Hindering Growth Goals

Cryptocurrency exchanges and traders in Asia are struggling to insure themselves against the risk of hacks and theft, a factor they claim is deterring large fund managers from investing in a nascent market yet to be embraced by regulators. Getting …