Cyber Insurers Turn Attention to Catastrophic Hacks
While cyber insurance has evolved significantly in recent years, insurers say they might still be unprepared for the fallout from a catastrophic cyberattack.Insurers have adapted to…
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legal action
Hackers Temporarily Take Down European Parliament Website
The European Parliament’s website was briefly disabled by a denial-of-service cyberattack on Wednesday, hours after lawmakers passed a resolution labeling Russia a…
FTX Hires Ex-Regulators to Investigate Firm’s Collapse
Cryptocurrency exchange FTX, whose recent collapse has led to questions about lacking regulatory oversight, has hired a fitting team to help untangle the mess: former senior U.S.…
Hot Market for Cyber Insurance Begins to Stabilize
The market for cyber insurance has begun to stabilize after a surge in ransomware attacks in recent years propelled a steep rise in premiums, observers say.Cyber insurance can pay ransoms to…
Spyware Scandals Prompt Calls for Further Bans in Europe
A Europe-wide moratorium on surveillance software such as NSO Group’s Pegasus and similar products is needed to clamp down on abuses, according to a draft report from European Union…
Tyson Foods CFO Arrest Adds to Governance Challenges for Board
The weekend arrest of
Tyson Foods Inc.
Chief Financial Officer
John R. Tyson
on public intoxication and criminal trespassing…
SEC Charges Trade Coin Club Founder, Promoters in $295 Million Bitcoin Fraud
The Securities and Exchange Commission filed charges against the founder and three U.S. promoters of Trade Coin Club, alleging the crypto-trading membership club…
Reported Ransomware Incidents, Costs Soared in 2021, Treasury Says
U.S. banks flagged ransomware-related transactions adding up to more than $1 billion in 2021, the Treasury Department said, although risk experts said that barely…
CommonSpirit Hospital Chain Grappling With Ransomware Attack
One of the largest hospital operators in the U.S. is wrestling with downed systems and disruptions to patient care at hospitals in several states following a ransomware attack last…
Hacktivists Force Companies to Respond to Low-Level Cyberattacks
Russian-speaking hackers temporarily disrupted websites for several U.S. airports this week—and claimed they interfered with computing infrastructure at
JPMorgan Chase…