Will the New Year bring an increase in cyberattacks? According to one security expert, the answer is, unfortunately, yes. According to Robert Ackerman, Jr., founder and managing director of cybersecurity venture firm AllegisCyber, and co-founder of DataTribe, a cybersecurity startup in Washington, D.C., companies should expect to see...
Samsung has revealed that South Korea’s customs authority has agreed to use the company’s Nexledger blockchain tech for its decentralized customs clearance system. In addition, 48 domestic institutions, including public agencies and shipping and insurance companies, have also signed the memorandum of understanding (MoU), according...
In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away with $1 billion. U..S court filings this month may have revealed whodunit — and how. The cyberattack made off with the bucks via...
The U.S. Justice Department announced that it has charged North Korea’s Park Jin Hyok (박진혁; aka Jin Hyok Park and Pak Jin Hek) for his involvement in multiple cyberattacks around the world. The complaint alleges that Park was a member of the government-sponsored “Lazarus Group,”...
September 17, 2018
In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away with $1 billion. U..S court filings this month may have revealed whodunit — and how. The cyberattack made off with the bucks via bits and bytes, using SWIFT to issue fraudulent instructions.
August 25, 2017
The cyber insurance market is expected to grow, by a lot. Researchers at PricewaterhouseCoopers predicted in 2015 that the market would hit $7.5 billion in annual premiums by the end...
July 14, 2017
The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands of computers. Few paid up,...
June 23, 2017
You’ve heard about WannaCry, University College London, George Eliot Hospital and Honda shutting down a factory for a day due to malicious software in its system. But for every blockbuster...
November 25, 2019
As data breaches and ransomware hacks escalate, cyber protection is becoming one of the fastest-growing insurance industry sectors, a Financial Times special report indicated. The cyber insurance sector expected to reach a $7.5 billion valuation by the end of the decade, with small medium-sized businesses (SMBs) a rising customer demographic. Following high-profile cyberattacks two years […]
December 27, 2018
Will the New Year bring an increase in cyberattacks? According to one security expert, the answer is, unfortunately, yes. According to Robert Ackerman, Jr., founder and managing director of cybersecurity venture firm AllegisCyber,...
September 17, 2018
Samsung has revealed that South Korea’s customs authority has agreed to use the company’s Nexledger blockchain tech for its decentralized customs clearance system. In addition, 48 domestic institutions, including public...
September 07, 2018
The U.S. Justice Department announced that it has charged North Korea’s Park Jin Hyok (박진혁; aka Jin Hyok Park and Pak Jin Hek) for his involvement in multiple cyberattacks around...
