Norsk hydro is starting to recoup its losses following the 2019 cyber-attack. Reporting that $20.2 Mn in insurance has been paid out so far, against its estimated losses of between $70Mn – $80Mn (25% – 28%). They expect more to…
One to watch. Gedia a German automotive has announced it’s undergoing an enterprise wide cyber attack. Launched by the same group which deployed the Sodinokibi ransomware on Travelex. The group confirmed the attack. Posting pictures of an AD alegidly compromised,…
The UKs Ministry of Defense is undoubtedly a complex organisation and no doubt a target for all forms of hacker from cyber espionage, nation state. criminals and the odd script kiddy. So it shouldn’t be a surprise when hacks take…
Ransomware has to be one of the worst forms of cyber attack, especially if you are a small firm. You could say that all the data should be backed up, that contingency plans should be in place. But lets face…
US retailer Macy’s has suffered a hack for the second year in a row, over a 2 week period in October. The current claim is that card numbers, security codes and expiry dates. Which may raise questions in relation to…
The challenge faced by those who have faced a cyber attack and subsequent losses currently lies in the T’s and C’s of their insurance policy. The costs of the attack to Target is in the region of $290 million, a…
Feeling the pain. what was it like to be on the inside of a catastrophic hack? In this case Equifax. Impacting over 160 million customers. costing the CEO. CIO and CISO their jobs, $700Mn in fines and incidentally $1.2Bn to…
Hacking for a positive good………its not all bad news…….better security next time though ‘Toms Shoes’ View Original Post
The real world impact of a ransomware attack on patient’s at a 3 hospitals in Alabama, US and 7 hospitals in Australia. View Original Post
The impact on corporate value of a cyber attack is laid bare when you examine the impact of attacks on revenue, cost and shareprice. Moody’s downgrade of Equifax earlier this year was in part due to the cyber incident it…
