January 9, 2020
The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime, according to experts at CyberCube, the cyber risk analytics firm. Travelex announced this week that cyber hackers were holding its …
January 8, 2020
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 …
December 20, 2019
Lab test provider LifeLabs said Tuesday that it paid a ransom to secure data for Canadians that was stolen in a data breach in late October. Hackers also obtained personal information of an unknown number of the company’s 15 million …
November 15, 2019
A cyber attack on computer networks of the Mexican national oil company Pemex is “totally under control” and did not have any negative consequences, Security Minister Alfonso Durazo said on Thursday. The attack was first detected on Sunday and over …
November 13, 2019
Hackers demanded about $5 million in bitcoin from Mexico’s Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyber attack that fouled up the company’s systems. The hack, …
November 12, 2019
A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major company. Hackers have increasingly targeted companies …
November 5, 2019
Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems, sending its shares down as much as 5.7%. JFS said it had taken all affected systems offline as …
November 5, 2019
A cyber attack has hit Spanish companies including Cadena SER radio, Spain’s National Security Department said on Monday. The virus affected Cadena SER’s local broadcasts, although national output was not affected, said the broadcaster which has a chain of local …
October 29, 2019
Ransomware attacks increased by 37% during the third quarter of 2019, compared to Q2, as cyber criminals target both IT vendors and their clients, according to data compiled by insurer Beazley. One-quarter (24%) of all ransomware incidents reported to Beazley …
October 9, 2019
As the cyber insurance market continues to grow, it’s only natural to discuss its place in the battle against cyber-attacks, including ransomware, which has been a prevalent topic in recent months. Over the last several years, the cyber insurance market …