Despite frequent reports of hacking, cybercrime, security breaches and related events in all parts of the U.S., many middle market companies continue to underestimate their exposure to these attacks along with their need for focused risk management measures, which may include the purchase of specialized insurance. A new report from Assurex Global, a privately-held commercial […]

Nearly nine out of 10 “hacker insurance” policies in the world are taken out in the United States, but demand around the world is about to spike. Many companies outside the United States including Australia may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been […]

The fallout from the WannaCrypt ransomware attack which quickly spread to multiple countries and systems last Friday continues to cause consternation around the world. In the UK scores of National Health Service Trusts were infected, leading to routine appointments being canceled and huge concern over the robustness of critical healthcare systems that are still running on a fifteen-year-old software platform […]

A global cyber attack has infected tens of thousands of computers in nearly 100 countries. Protect yourself today with Austbrokers Terrace! Cyber extortionists tricked victims into opening malicious malware attachments to spam emails that appeared to contain invoices, job offers, security warnings and other legitimate files. Read full article here. Source: brisbanetimes

After hackers stole about $65 million of Bitcoin’s digital currency, it raises the question, is Bitcoin only for cyber criminals? Those affected by the cyberattack would see a window pop up on their screen telling them that their files were inaccessible, then demanding payment of a ransom lest their files be deleted.  Read full article here. Source: salon.com

Businesses are unknowingly surrending themselves to cyber attacks. Is your business protected?  The study of 2000 security executives from companies with annual revenue above $US1 billion ($1.3 billion) was carried out across 15 countries, including Australia. It found 75% are confident in their ability to protect their businesses from attacks. Read full article here. Source: insurancenews […]