Keyword
cyberattack
Bank of Canada warns of cyberattack vulnerabilities in financial sector
June 13, 2017 Mike Blanchfield and Jim Bronskill - THE CANADIAN PRESSOTTAWA – Canada’s interconnected banks are vulnerable to a cascading series of cyberattacks that could undermine broad confidence in the financial system, the Bank of Canada warns. The structural vulnerability could allow for the easy spread of an initial attack…
WannaCry ransomware attack “arguably the first ever cyber-catastrophe”: RMS cyber expert
May 16, 2017 by Canadian UnderwriterThe global WannaCry ransomware attack is “arguably the first ever cyber-catastrophe,” an expert in cyber risk management from RMS said on Tuesday. Tom Harvey said in a statement that the cyberattack “clearly demonstrates the systemic nature of the risk, with…
Ransomware ‘WannaCry’ spreads to thousands more computers at start of workweek
May 15, 2017 Yuri Kageyama and Louise Watt - THE ASSOCIATED PRESSTOKYO – The worldwide “ransomware” cyberattack spread to thousands of more computers on Monday as people logged in at work, disrupting business, schools, hospitals and daily life, though no new large-scale breakdowns were reported. In Britain, whose health service was…
Ransomware cyberattack cripples hospitals across the United Kingdom
May 12, 2017 by Canadian UnderwriterA large ransomware cyberattack has “crippled” computer systems at hospitals across the United Kingdom on Friday, with appointments cancelled, phone lines down and patients turned away, the Associated Press has reported. Britain’s National Health Service (NHS) said that a number…
Almost 40% of industrial computers worldwide faced a cyberattack in the second half of 2016: Kaspersky
March 29, 2017 by Canadian UnderwriterTwo in five computers around the globe related to the technological infrastructure of industrial enterprises faced cyberattacks in the second half of 2016, according to cybersecurity company Kaspersky Lab. Research from Kaspersky released on Tuesday showed that the percentage of…
Half of all phishing attacks in 2016 aimed at stealing money: Kaspersky analysis
February 22, 2017 by Canadian UnderwriterAlmost half of all phishing attacks registered in 2016 by Kaspersky Lab were aimed at stealing victims’ money, the cybersecurity company reported on Wednesday. According to the Financial Cyberthreats in 2016 report, 47.48% of all phishing attacks – fraudulent email…
Only 43% of Canadian companies could detect a sophisticated cyberattack, EY study finds
February 15, 2017 by Canadian UnderwriterOnly 43% of Canadian companies could spot a “significant cybersecurity incident,” compared to 50% globally, according to EY’s Global Information Security Survey, released on Wednesday. The survey captured the responses of 1,735 participants around the globe from more than 20…
Ontario-based Pen Underwriting Canada launches cyber insurance product
February 15, 2017 by Canadian UnderwriterBurlington, Ont.-based Pen Underwriting Canada Limited announced on Wednesday that it has created a comprehensive cyber solution to respond to the “increasing threat that cybercrime poses for corporations.” Backed by A+ rated capacity, the specialist cyber product is designed for…
Student charged in cyberattack on 304 computers at University of Alberta
January 6, 2017 The Canadian PressEDMONTON – A University of Alberta student is facing numerous charges after a cyber-attack on university computers. The university says on Nov. 22 it found malware on 287 computers, which potentially affected more than 3,300 faculty, staff and students. It…
Cloud security company discovers new cyberattack targeting Office 365 business email users
December 15, 2016 by Canadian UnderwriterExperts with New York City-based cloud security platform Avanan reported on Wednesday that they have discovered a new cyberattack targeting business email users of Microsoft’s Office 365. Avanan said in a blog post that the phishing attack was found using…
U.S. prosecutor’s office paid bitcoin ransom in cyberattack
December 6, 2016 Joe Mandak - THE ASSOCIATED PRESSPITTSBURGH – A state prosecutor’s office in Pennsylvania was among hundreds of thousands of victims of a now-shuttered international cybercrime operation, paying nearly $1,400 in a bitcoin ransom to free up its infected computer network, authorities disclosed Monday. Federal prosecutors…
Cybercriminals using DDoS as “smokescreen” for other attacks on businesses: Kaspersky
November 25, 2016 by Canadian UnderwriterCybercriminals are sometimes using distributed denial of service (DDoS) attacks as a “smokescreen” to distract businesses while hackers launch other attacks, cybersecurity company Kaspersky Lab said in a recently released survey. According to the 2016 Kaspersky Lab Corporate IT Security…