cyber security News

Tech Firms Warn of Growing Cyber Risks: From Medical Devices to Sex Toys

It’s not just computers and mobile phones that are vulnerable to cyber attack, according to software firm Trend Micro. As more devices are hooked up to the internet, it could be anything from medical equipment to industrial machinery – and …

Bangladesh Cyber Bank Heist Prompts Scrutiny of Cyber Security Measures

A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according to a complaint filed to police that provided new details on the attempted theft of nearly $1 billion. Zubair Bin …

Bank of England Faces ‘Advanced, Persistent & Evolving’ Cyber Threats

The Bank of England is frequently faced with cyber threats as hackers probe for vulnerabilities in the central bank’s computer systems. The revelation was made in a response by the U.K. central bank to a Freedom of Information request by …

Malware Used to Steal $80M-Plus in Bangladesh Cyber Bank Heist: Officials

Investigators suspect unknown hackers managed to install malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday. …

Apple Ransomware Attack Thwarted Before Large Number of Computers Infected

The first known ransomware attack on Apple Inc.’s Mac computers, which was discovered over the weekend, was downloaded more than 6,000 times before the threat was contained, according to a developer whose product was tainted with the malicious software. Hackers …

Chubb Offers ‘Cyber Enterprise Risk Management’ Solution for European Clients

Chubb announced the launch of Cyber Enterprise Risk Management, as the company continues to invest in its cyber risk capabilities across Europe. Cyber Enterprise Risk Management as “an end-to-end risk management solution, designed to meet the needs of middle-market and …

5 Governments Write to China, Expressing Concern over New & Draft Laws

The United States, Canada, Germany, Japan and the European Union have written to China to express concern over three new or planned laws, including one on counterterrorism, in a rare joint bid to pressure Beijing into taking their objections seriously. …

Israeli Cyber Security Business Foundry, Team8, on Track to Build 5 Firms by 2020

Team8, a cyber security business foundry created by veterans of the Israeli army’s technology and intelligence unit 8200, said it closed a $23 million round of financing. Team8 plans to use the money to develop five companies over the next …

IronPro Enhances Cyber Policy Risk Management Services

IronPro, the professional liability unit of Ironshore Inc., is introducing a suite of enhanced risk management services for cyber policyholders. IronPro will provide eligible Ironshore Highly Protected Information (HPI) policyholders with cyber monitoring and alert services (CMAS) during the policy …

Marsh Appoints Lobban as Senior Adviser on Cyber Risk

Marsh has announced the appointment of Sir Iain Lobban as senior adviser on cyber risk. Lobban is the former director of the Government Communications Headquarters (GCHQ), the UK’s security and intelligence organization. In the newly created role, Lobban will provide …