cyberattacks

Cyber Insurance Premiums Fall Despite Ransomware Wave
Cyber Insurance Premiums Fall Despite Ransomware Wave
July 01, 2024  |  Cybersecurity

Despite a recent wave of ransomware attacks, cyber insurance premiums are declining around the globe. That’s because businesses have gotten better at dealing with losses...

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BIS: Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks
BIS: Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks
June 26, 2024  |  artificial intelligence

The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said...

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Security Firm iVerify Raises $12 Million Amid Data Breach Epidemic
Security Firm iVerify Raises $12 Million Amid Data Breach Epidemic
June 26, 2024  |  Cybersecurity

Security firm iVerify has raised $12 million for its endpoint detection and response (EDR) solution. The funding round, announced Wednesday (June 26), was led by...

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CDK Starts Restoring Systems After Car Dealer Hack
CDK Starts Restoring Systems After Car Dealer Hack
June 23, 2024  |  Cybersecurity

Last week, a cyberattack on dealership software-as-a-service platform CDK Global crippled America’s auto sellers. Now, the group behind the attack is reportedly demanding tens of...

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Cyberattack on Software Provider Stalls Out US Car Dealership Sector
Cyberattack on Software Provider Stalls Out US Car Dealership Sector
June 21, 2024  |  Cybersecurity

Software, and digital transformation more broadly, have transformed the business landscape. Nearly every modern business relies on software to run their operations, and digital technology...

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Fresh Wave of Major Cyberattacks Exposes Key Enterprise Security Weaknesses
Fresh Wave of Major Cyberattacks Exposes Key Enterprise Security Weaknesses
June 11, 2024  |  Cybersecurity

On a weekly basis, businesses operating within security-critical industries are reminded that security is critical. In just the past handful of days, three substantial cyberattacks...

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SEC: Data Breaches at Financial Institutions Must Be Reported in 30 Days
SEC: Data Breaches at Financial Institutions Must Be Reported in 30 Days
May 19, 2024  |  Cybersecurity

New federal regulations give some financial institutions (FIs) a tighter deadline for reporting security breaches. The Securities and Exchange Commission (SEC) adopted changes last week...

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MGM Hackers Reportedly Targeting Banks and Insurers
MGM Hackers Reportedly Targeting Banks and Insurers
May 08, 2024  |  Cybersecurity

Last year, a group called Scattered Spider pulled off a massive hack targeting casinos. Now, this mysterious collective has apparently turned its attention to the banking and...

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US Firms Are Main Targets for Cyberattacks, Intelligence Chief Tells Senate
US Firms Are Main Targets for Cyberattacks, Intelligence Chief Tells Senate
May 02, 2024  |  Cybersecurity

Director of National Intelligence Avril Haines told Congress Thursday (May 2) that there has been an alarming increase in cyberattacks worldwide. Haines highlighted the growing threat of...

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