Ransomware threat as high for insurers as it is for their clients
Ransomware attacks pose a significant threat not just to clients, but also to insurance firms themselves. The article discusses how insurers must enhance their cybersecurity measures to protect sensitive data against these growing risks. Key Points 17% of cyber claims received by Marsh are related to ransomware attacks. Insurers are under pressure from regulators and […]
Palo Alto rallies on M&S hacks, but earnings fail to woo investors
Summary Palo Alto Networks has experienced a surge in interest following recent high-profile cyberattacks on UK retailers, particularly Marks and Spencer. Despite a 15% year-on-year revenue growth, their latest earnings disappointed some investors due to expected gross margins not being met. Yet, the broader context shows heightened demand for cybersecurity solutions amidst rising risks linked […]
Rumbo al ciberseguro inteligente: La VI Edición de Cyber Insurance Day repasará actualidad y tendencias en ciberseguridad y seguros
The upcoming Cyber Insurance Day (#CID25) will take place on June 5th in Madrid, showcasing key themes around cyber insurance. This sixth edition aims to connect cyber security and insurance sectors, featuring insurance companies, mediators, cyber security solutions, and practical cases, alongside references from public institutions such as the Ministry of Interior and the Community […]
Fashion under fire: How can retail fend off cyber attacks?
The fashion retail industry is facing serious threats from increasing cyber attacks, as highlighted by recent events. Experts share strategies for defending against these high-stakes attacks that can greatly impact business. Source: Vogue Business Key Points Marks & Spencer recently disclosed a ransomware attack that is projected to cost them £300 million. The attack led […]
Building Supply Chain Cybersecurity Resilience
The article highlights the pressing challenge of cybersecurity within the supply chain for the retail and hospitality sectors. With a complex web of third-party partnerships, organisations are increasingly vulnerable to cyber-attacks, especially those using phishing tactics and malware. Key cases of breaches illustrate the severity of this issue, underlining the need for robust cybersecurity measures. […]
INE Security Partners with Abadnet Institute for Cybersecurity Training Programs in Saudi Arabia
INE Security has teamed up with the Abadnet Institute for Training to offer cybersecurity training in Saudi Arabia, combining top-notch global content with local expertise. This partnership is set to broaden access to essential training for the growing demand in cybersecurity skills across the region. Source: TechBullion Key Points Strategic partnership between INE Security and […]
Active LummaC2 malware campaigns targeting US critical infrastructure, as DOJ seizes domains
The U.S. Cybersecurity and Infrastructure Security Agency (CISA) and the FBI have sounded the alarm about LummaC2 malware targeting critical infrastructure in the U.S. This malware has been actively used to extract sensitive information from national networks, raising serious security concerns. Source: Industrial Cyber Key Insights Active LummaC2 malware campaigns are targeting critical U.S. infrastructure. […]
Protecting Connected Medical Devices from Evolving Cyber Threats
Summary The rise of connected medical technologies has revolutionised healthcare delivery, but it also increases risks due to cybersecurity threats. As interconnected systems expand, ensuring these medical devices remain secure is paramount for patient safety and device efficacy. This article provides insights into the current state of cyber threats facing medical devices, highlights key regulatory […]
Ask the expert: Parametric cyber insurance – is it worth it?
The cybersecurity industry is increasingly turning its gaze towards parametric solutions, data-driven models that promise a more quantifiable and scalable approach to managing digital risk. With the average organisation now facing over 1,800 cyber attacks per week globally in late 2024 – a staggering 75% year-on-year increase – and the financial fallout projected to reach […]
Payment Security Concerns Are Pushing US Consumers to Use Virtual Cards Online
Summary A recent report reveals that more US consumers are turning to virtual cards as a response to increasing payment security concerns. With fears of fraud and data breaches, 42% of consumers had used a virtual card in the last six months, with 65% considering it in the next year. The surge in virtual card […]
