Keyword
malware
New cyberattack causes mass disruption globally
June 27, 2017 by Canadian UnderwriterOne month after the massive global WannaCry ransomware attack, “a new and highly virulent outbreak of malicious data-scrambling software appears to be causing mass disruption across the world, hitting companies and governments in Europe especially hard,” the Associated Press reported…
Gains, losses in efforts to combat cyber crime in 2016: Trustwave
June 20, 2017 by Canadian UnderwriterThe fight against cyber crime showed both advances and retreats in 2016, with improvements on the intrusion detection and breach containment fronts matched by cyber crime increasingly being treated as a business, suggests a Trustwave report released Tuesday. Findings in…
Cybersecurity company discovers malware designed to perform attacks on power supply infrastructure
June 12, 2017 by Canadian UnderwriterIT security company ESET Canada Inc. reported on Monday that its researchers have been analyzing samples of dangerous malware capable of performing an attack on power supply infrastructure. The malware, named Industroyer by ESET, was likely involved in the December…
Lack of oversight regarding security of third-party IoT implementation: survey
May 31, 2017 by Canadian UnderwriterA gap in understanding how best to mitigate and communicate risks around the Internet of Things (IoT) persists despite organizations reporting high concern about related security, notes a new report from Ponemon Institute and Shared Assessments Program. Released Wednesday, The…
Chipotle Mexican Grill confirms malware involving point-of-sale devices at certain restaurants
May 29, 2017 by Canadian UnderwriterChipotle Mexican Grill, Inc. has confirmed “the operation of malware designed to access payment card data from cards used on point-of-sale (POS) devices at certain Chipotle and Pizzeria Locale restaurants between March 24, 2017 and April 18, 2017.” Chipotle said…
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 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…
Cyberespionage and ransomware attacks on the increase, report warns
April 27, 2017 by Canadian UnderwriterCyberespionage is now the most common type of attack seen in the global manufacturing, education and now public sectors, a new report has revealed. According to the Verizon 2017 Data Breach Investigations Report (DBIR), released on Thursday, ransomware is now…
New phishing scams aimed at accessing direct deposit funds emerging: Beazley
April 25, 2017 by Canadian UnderwriterPhishing scams aimed at accessing direct deposit funds have emerged as a new danger in 2017, specialist insurer Beazley said on Tuesday. Phishing scams aimed at accessing specific employee tax information were a continuing threat, representing 9% of all breaches…
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…
Small firms wanting cyber coverage should “hold an inventory” of personally identifiable information: Chubb
March 3, 2017 Greg Meckbach, Associate EditorBodily injury and property damage exclusions in cyber insurance policies means the Internet of Things has “big implications” for organizations, while malware that existed unbeknownst to a user before binding a policy can mean a cyber incident is not covered,…
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…