Commentaries and Analyses, Finance, Legal News, New Threats
March 30, 2024
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AI Poses a Threat to Financial Sector, and Cyberattackers are ‘Outpacing’ Defenses – Treasury

Law.com reports that the U.S. Treasury Department warned the financial services sector this week that artificial intelligence (AI) will become a powerful weapon for fraudsters and cyberattackers, who will outgun the sector’s defensive efforts in the foreseeable future.  The report was based on interviews with representatives from 42 financial services and technology companies about the […]

Ransomware criminals lie to us. Can we lie to them?

Some ransomware gangs demand millions of dollars in ransom or even tens of millions of dollars. Even smaller businesses, non-profit organizations, and public school districts have increasingly become victims of cyberattacks because they are easy targets with poor defenses against attackers. Do you want your system unlocked? Do you want your data back or deleted […]

Insurance News, Commentaries and Analyses, Legal News
February 03, 2024
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Do you know what your cyber policy covers? (Southwest Airlines v. Liberty Insurance Underwriters)

An article by attorneys at Barnes & Thornburg LLP discusses a court case that serves as a useful reminder of how provisions of cyber policies may be interpreted when it comes to coverage of cyber-related incidents — even when those incidents are not data breaches. In 2016, Southwest Airlines suffered a computer system failure that […]

Malware Ransomware, Commentaries and Analyses, News
January 29, 2024
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New Ransomware Reporting Requirements Kick in as Victims Increasingly Avoid Paying

As 2023 drew to a close, a report by Emsisoft made the bold recommendation to impose a flat-out ban on ransom payments in the event of cyberattacks. Their suggestion has spawned a good deal of discussion, including a new report by incident response firm Coveware, who disagrees strongly with the recommendation. The following is just […]

Data Breach News, Commentaries and Analyses
January 19, 2024
826 views 58 secs 0

Four-in-ten employees sacked over email security breaches as firms tackle “truly staggering” increase in attacks

ITPro reports: Nearly half of workers responsible for email security breaches over the last year have been sacked, according to new search, as cyber leaders begin taking a tougher stance amid a surge in attacks. Research from cyber security firm Egress found that 94% of organizations globally have experienced a serious email security incident in […]