cyber security News

Chipmaker AMD to Release Patches to Fix Microprocessor Vulnerabilities

Chipmaker Advanced Micro Devices Inc. said on Tuesday it planned to release patches to fix some of the flaws in its microprocessors pointed out by CTS Labs last week. Israeli cyber security research firm CTS Labs in its report said …

Flaws in AMD Chips Make Them Vulnerable to Hacks: Israeli Cyber Security Firm

An Israeli cyber security research firm with six employees on Tuesday said it had found flaws in Advanced Micro Devices microprocessors that made them vulnerable to hacks. AMD said it was investigating the claims, which were followed by heavy trade …

What Cyber Insurance Industry Learned from 2017 Hacks

The NotPetya, WannaCry and Equifax hacks of last year were evidence that the U.S. insurance industry has been ill-prepared to handle a large cyber attack and needs to up its game. However, as a consequence of the attacks in 2017, …

Number, Complexity of Cyber Attacks Rising: Dutch Intelligence Agency

Attempts at digital espionage and online political manipulation in Europe are on the rise both in number and in complexity, the Netherlands’ main intelligence agency said Tuesday [March 6] in its annual report. Adding its voice to fears around the …

WEF Helps Create Fintech Cyber Security Consortium; Members Include Zurich, Citigroup

The World Economic Forum has led the creation of an industry consortium focused on improving the cyber security of financial technology companies, as collaboration between fintechs and financial institutions grows. The consortium’s founding members include Citigroup Inc, online lender Kabbage, …

SMEs Need to Ready for Cyber Battle: Endeavour’s Loizides

A classic mistake made by many small and medium sized enterprises is to assume that they are immune from cyber attacks because hackers and fraudsters have bigger fish to fry. As a result, SMEs can be under-prepared in the face …

German Government Marshals Defenses Against Powerful Cyber Attack

Germany’s government was marshaling its defenses on Thursday against a powerful cyber attack that lawmakers said had breached the foreign ministry’s computer network and whose origins officials admitted were still unclear. The head of a parliamentary oversight panel said the …

UAE-Based Cyber Security Firm DarkMatter Doubles Revenue in 2017 to $400M

DarkMatter, a three year-old United Arab Emirates-based cyber security firm, has more than doubled revenue last year to over $400 million. The firm, which earns about 80 percent of its revenue from U.A.E. government contracts, plans to grow from 650 …

Global Directors Beware: Are You Ready for EU’s Data Protection Regulation?

On May 25, 2018, the European Union (EU) General Data Protection Regulation (GDPR) will go into effect in the 28 EU member states. Companies, the world over, are now rushing to meet the deadline for compliance but how many will …

Cyber Attacks Pose Greatest Threat to UK Businesses, Investors: PwC Survey

Investors and chief executives say cyber attacks pose the greatest threat to businesses operating in the U.K., outweighing other material risks including populism, trade protectionism and over-regulation, according to PricewaterhouseCoopers LLP. An annual survey carried out by the accountancy firm …