The fear many companies have of cyber attacks has sparked ideas in the insurance industry. Hacking attacks can result in damage in the millions. Can cyber policies provide protection?
Police in southeastern Spain have arrested the suspected ringleader of a notorious cybercrime syndicate accused of stealing more than a billion euros. The gang allegedly targeted dozens of banks around the world.
Recent revelations that Uber paid a $100,000 ransom to two hackers has surprised many experts. But a look back at recent history shows a growing trend; for hackers it’s becoming a lucrative way of life.
Just months after $81 million was stolen from a Bangladeshi bank, managers at the SWIFT banking transfer system have admitted to a second breach. Experts have not determined how much, if any, money was stolen this time.
Cybersecurity experts have detected similarities between the ransomware used in the recent global attacks and earlier code from a North Korean hacking ring. However, they have warned that the clues could be misleading.
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