Investigators linked the Russian cyber gang Dridex with a string of twelve bank robberies. The robberies have occurred mainly in Southeastern Asia, culminating in the theft of $81 million from
For industries across the globe, the average cost of a data breach has risen from $3.79 million in 2015 to $4 million in 2016. This information was gathered from IBM
The Grandpoint Bank of Los Angeles is breaking new ground in the world of cyber insurance. Thanks to policy underwriter Hiscox Inc. Grandpoint bank will now offer cyber insurance policies
Shay Simkin, CEO of Howden Broking Group Israel and head of its Global Cyber Practice, claims the global cyber insurance industry is preparing to experience unprecedented growth. From 2013 to
The House Homeland Security Committee’s subcommittee on cybersecurity met on Wednesday to discuss how the recently passed Cyber Information Sharing Act (CISA) is progressing. The subcommittee discussed information-sharing across the
According to a study by IBM and the Ponemon Institute, the average cost of a standard data breach (less than 100,000 records) is now barely over $7 million, with an
The Fair Isaac Corp, more commonly known as FICO, is on the forefront of revolutionizing the assessment of cybersecurity threats. Known for its FICO credit score, a tool that allows
At a House Homeland Security cybersecurity subcommittee hearing on Wednesday, testimony was heard from many leading industry officials on the effects of the Cyber Security Act of 2015 (CISA). The
In 2011, Sony’s PlayStation network was hacked, with 77 million accounts affected, leaving the company with a final bill of $170 million in damages. Unfortunately for Sony, its general liability
On Tuesday, June 14, it was discovered that hackers, who are believed to have ties with the Russian Government, had access to the Democratic National Committee’s database for over a
