Collaborate Disseminate
Cybercriminals have unwittingly created an impressive, and legal, money-making opportunity – cyber insurance. The cyber insurance market is about to become huge, as experts believe companies will double their spending by 2020 to some 8 billi… Continue reading Businesses Worldwide Expected to Spend $9 Billion on Cyber Insurance by 2020
The small Canadian town of Midland, Ontario, was hit by ransomware, and the municipality seems to be negotiating with hackers to pay ransom, reports Canadian news station CTV News. The attack on September 1 completely shut down the computer system, lea… Continue reading Ransomware attack shuts down small Canadian town; officials pay ransom
A 35-year-old Russian national has been extradited from Georgia to the United States and arrested for allegedly taking part in a major hacking operation that targeted US-based financial companies, financial news media and brokerage firms, announced the… Continue reading Hacker accused of orchestrating massive hack of US financial institutions arrested
Street gangs are growing more sophisticated and moving into cyberspace. Following an extensive three-year investigation, the State of California Department of Justice arrested and indicted 32 suspects on 240 counts, including identi… Continue reading Street gangs turn to high-tech cybercrime to make a living
British Airways, UK’s largest airline, has been hacked, the company confirmed on their official website this week. According to a spokesperson who interviewed with The Telegraph, almost 400,000 customers who booked a flight between 22:58 BST Augu… Continue reading British Airways hacked: 400,000 customers affected
Government officials from “Five Eyes” countries have declared war on encryption, seeing it as a threat instead of a shield. The US, UK, Australia, Canada and New Zealand are pressuring tech companies to forget about user data privacy and gi… Continue reading Governments commit to fighting encryption, and tech companies will have to cooperate
Cyberattacks are on the rise, with the most significant malicious activity so far detected in the finance, professional and information sectors, followed by manufacturing, according to Rapid7. Despite the increasing number of data breaches in crit… Continue reading Organizations Are Unrealistic, Overconfident about Their Cybersecurity Skills
Many companies have based their business models on collecting facts and statistics from their customers, accumulating big data which they analyze to improve not only customer experience, but also marketing, sales and product strategies. Or so they… Continue reading Diminished Data Privacy, Customer Doubt Could Affect Corporate Business Models, Monetization
Critical national infrastructures such as the energy sector, public transportation, commercial facilities, government and defense, and medical services, among others, have been under attack in recent years, following a large volume of security vul… Continue reading Critical National Infrastructures on the Radar; British MPs Say Attack Is Imminent
The Chinese global mobile app and mobile platform development firm, Sungy Mobile, aka GOMO, may have leaked the data of over 50.5 million customers, mostly of which are children. An open port allowed independent researcher going by the pseudonym “… Continue reading Chinese company exposes data of 50.5 million users, mostly children