NEWSWORTHY
Cyber insurance market to double by 2020 to over $8 billion: Munich Re
The market for insurance against cyberthreats will double by 2020 to over $8 billion, German reinsurance giant Munich Re told a conference in Monaco on Sunday. "Cyber risks are one of the biggest threats to the networked economy," Munich Re board member Torsten Jeworrek said ...
IPhone chipmaker TSMC races to recover from computer virus, warning of shipment delays
Taiwan Semiconductor Manufacturing Co., which makes chips for the iPhone and other devices, has revealed details of its recovery from a debilitating computer virus, and warned of delayed shipments and reduced revenue because of the impact on its factories. TSMC said that 80 percent of ...
Ukrainian trio nabbed for hacking over 100 U.S. firms, stealing millions of credit card numbers
Three Ukrainians have been arrested for hacking more than 100 U.S. companies and stealing millions of credit and debit card numbers, the Department of Justice announced Wednesday. Dmytro Fedorov, 44, Fedir Hladyr, 33, and Andrii Kolpakov, 30, are high-ranking members of an "international cybercrime group" ...
Chinese cyberspies allegedly targeted Japanese defense firms for North Korea secrets: report
The hackers have targeted domestic defense companies, possibly to get information about Tokyo’s policy toward resolving the North Korean nuclear impasse, according to a cybersecurity firm.
Security researchers said Tuesday they discovered flaws in chips made by Advanced Micro Devices that could allow hackers to take over computers and networks. Israeli-based security firm CTS Labs published its research showing "multiple critical security vulnerabilities and exploitable manufacturer backdoors" in AMD chips. CTS itemized ...
Lesser-known North Korea hacker group extends reach to Japan and Mideast
A North Korean cyberespionage group previously known only for targeting South Korea's government and private sector deepened its sophistication and hit further afield, including targets in Japan and the Middle East last year, security researchers said Tuesday. Cyberattacks linked by experts to North Korea have ...
North Korean hackers seen hijacking computers to mine digital currencies as sanctions kick in
North Korean hackers are hijacking computers to mine cryptocurrencies as the regime in Pyongyang widens its hunt for cash under tougher international sanctions. A hacking unit called Andariel seized a server at a South Korean company last summer and used it to mine about 70 ...
Hackers likely working for a nation-state recently breached safety systems at a critical infrastructure facility, in a watershed attack that halted plant operations, according to cyberinvestigators and the firm whose software was targeted. FireEye Inc. disclosed the incident on Thursday, saying it had targeted Triconex ...
Ukraine cybersecurity firm detects possible new malware attacks ahead of independence day
Ukrainian cybersecurity firm ISSP said on Tuesday it may have detected a new computer virus distribution campaign, after security services said Ukraine could face cyberattacks similar to those which knocked out global systems in June. The June 27 attack, dubbed NotPetya, took down many Ukrainian ...
Ukraine's Cyber Police seize servers of accounting software firm after global malware attack
Ukrainian police on Tuesday seized the servers of an accounting software firm suspected of spreading a malware virus that crippled computer systems at major companies around the world last week, a senior police official said. The head of Ukraine's Cyber Police, Serhiy Demedyuk, told Reuters ...
The primary target of a crippling computer virus that spread from Ukraine across the world this week is highly likely to have been that country's computer infrastructure, a top Ukrainian police official told Reuters on Thursday. Cybersecurity firms are trying to piece together who was ...
Cybersecurity firms warn of easily modified malware that could cause power outages
Two cybersecurity firms have uncovered malicious software that they believe caused a December 2016 Ukraine power outage, they said on Monday, warning that the malware could be easily modified to harm critical infrastructure operations around the globe. ESET, a Slovakian anti-virus software maker, and Dragos ...
