Cyber
Ashley Madison agrees to pay $11.2 million as Cyber Attack settlement
Toronto based Ashley Madison has officially agreed to pay $11.2 million as cyber attack settlement in response to an American Class Action lawsuit which stemmed from a massive security breach which took place 2 years ago. However, the proposed settlement is yet to get the approval of United States District Court for the Eastern District […]
FedEx repents for not having Cyber Insurance against Cyber Attacks
FedEx, an American multinational Courier delivery service has openly confessed to media sources that it now repents for not having a cyber insurance cover for its digital assets against cyber attacks. The confession was made as soon as the company learned that the disruption in services of its TNT Express unit following a cyber attack […]
Lloyds says cyber attack cost could be as much as worst natural disasters
Lloyds, a British retail, and commercial banking firm have warned that a serious cyber attack could cost the global economy a $120 billion loss- much worse than the loss incurred by natural disasters likes Katrina and Sandy. Reacting after the Wannacry and NotPetya Ransomware attack, the London based financial services provider recently released a 56-page […]
Hackers launch a cyber attack on Ramsdens!
Ramsdens, a UK based financial service which offers collateral loans against gold has admitted that its digital assets were hit by a cyber attack that targeted the pawn-brokering chain’s 34K click-and-collect-customers. The Middlesbrough firm, which has more than 127 shops across the UK offering financial services said in a media briefing on Friday that its […]
UK’s NHS systems to be strengthened after Cyber Attack
WannaCry ransomware disrupted the computer systems at NHS on May 11th, 2017 and this made the hospital authorities stop digital update of patient records for a couple of weeks and instead switch to manual work. Very recently, Britain government reacted to this cyber mayhem and announced an action plan to make the NHS more resilient […]
Internet-connected household electronics are helping criminals spy on you
Internet-connected household devices are helping criminals across the world to spy on you. Yes, a recent study carried out by Professor at Surrey University discovered proved it in practice where criminals are found exploiting the data more than our expectations. Professor Alan Woodward, a cybersecurity expert at Surrey University carried out a study in which […]
Firms fail to update their software despite serious Ransomware concerns
Firms across the world are still showing reluctance to update their software despite the looming threat of ransomware attacks. And security experts from Kaspersky Labs say that this adverse reaction of businesses to update/upgrade their software can encourage hackers to launch more intense attacks than the previous Wanna cry. A couple of months ago i.e. […]
Next Wannacry and Petya Ransomware Cyber attack could cost insurers $2.5 Billion
Ransomware attack dubbed as ‘Wannacry’ which hit more than 250,000 computers across 150 countries in May this year did not cost much to cyber crime insurers when the claims ratio is taken into account. But CFC Underwriting estimates that another attack of Wanna cry or Petya or a combination of both can cost cyber insurers […]
Ransomware Cyber Attack makes Durex and Dettol manufacturer loose £100 million
Reckitt Benckiser(RB) which produces Durex Condoms and Dettol Disinfectant has disclosed to the world that the NotPetya ransomware cyber attack which hit its business on June 27th,2017 has seriously disrupted its manufacturing and distribution business. Our sources confirm that around 500 systems, 2000 servers and 15,000 laptops were affected by Wannacry. And the Nurofen maker […]
Hackers cyber attack US Power firms with a new malware
Hackers have targeted the power firms operating in the United States with a new malware called Industry or Crash Override. But the best part is that the attack was pre-estimated by the National Security Agency in time which averted a major outage hitting the metropolitan cities of United States. Two cyber security firms named ESET […]
