cyber security News

Insurers Begin to Offer Cryptocurrency Theft Cover, Tackling Risks of Growing Sector

Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business. So far only a few insurers sell such …

Cyber VC Firm, Advised by Ex-Intelligence Officials, Plans Europe M&As

A venture capital fund advised by former British and U.S. intelligence officials is planning a string of acquisitions to create a pan-European cyber security specialist. C5 Capital aims to create a regional managed security service leader combining the latest cloud-based …

KKR-Backed Optiv Plans to Offer Cyber Security Services in Europe

Optiv Security, an acquisitive Denver-based company backed by private equity firm KKR, is expanding into Europe where it will offer its cyber security management and consultancy services, executives said on Tuesday. Optiv also is looking to roll-up independent security firms …

Facebook Responds to EU’s New Data Law with Changes to Privacy Controls

Facebook will make it easier for its more than 2 billion users to manage their own data in response to a tough new European Union law that comes into force in May, the social network’s Chief Operating Officer Sheryl Sandberg …

Companies Across Globe Race to Comply with EU’s Data Protection Law

Business is booming for software and privacy experts as companies across the globe spend millions of dollars to comply with a landmark European data protection law, even as many uncertainties remain about how the rules will be enforced. The General …

UK Fines Mobile Phone Retailer Carphone Warehouse over 2015 Data Breach

Britain’s information regulator said on Wednesday it had fined Carphone Warehouse 400,000 pounds ($539,400) after a 2015 cyber attack exposed the personal data of more than 3 million customers. The Information Commissioner’s Office (ICO) said the electrical goods and mobile …

What to Do About Newly-Discovered Computer Security Flaws

Researchers from Google, academia and cybersecurity firms discovered two flaws in computer chips that affect nearly all modern computers. “Meltdown” is a flaw that affects laptops, desktop computers and internet servers with Intel chips and could let hackers steal data, …

Experts Warn of Security Flaws That Expose Most Computers, Phones to Hackers

Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings. One of the …

Nation-State Believed Responsible for ‘Watershed’ Cyber Attack on Industrial Plant

Hackers likely working for a nation-state recently invaded the safety system of a critical infrastructure facility in a watershed attack that halted plant operations, according to cyber investigators and the firm whose software was targeted. FireEye Inc. disclosed the incident …

Cyber Criminals Steal $64M of Bitcoin From Cryptocurrency Firm NiceHash

A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies. NiceHash matches …