Posts Categorized: Cyber Risks

The Overlooked Physical Exposures of a Cyber-attack

Posted by & filed under Cyber Insurance, Cyber Risks.

More than ever before, organisations are aware of the potential financial impact of a cyber-attack. Many wrongfully assume that the steep, monetary burden of a cyber-attack (exacerbated by new, higher fines under the GDPR) is exclusively tied to damaged digital assets, lost records, and the price of investigating and reporting a breach. While those expenses […]

Petya and WannaCry Highlight Need for Robust Cyber Insurance Cover and Security

Posted by & filed under Cyber Risks.

The provision of cyber insurance and robust security procedures are highlighted by the recent global cyber attacks caused by the ransomware programs, WannaCry and Petya, which spread to more than 150 countries. WannaCry alone infected more than an estimated 230,000 computers. Ransomware is one of the most common cyber attacks, accounting for 17 per cent of all […]

Aftermath of WannaCry Ransomware Yet to Be Seen

Posted by & filed under Business News, Cyber Risks.

WannaCry, a ransomware program that targets a vulnerability in outdated versions of Microsoft Windows, has spread across 150 countries and infected more than 230,000 computers since it was launched on 12th May. It disrupted many NHS hospitals in England and Scotland, infecting up to an estimated 70,000 devices including computers, MRI scanners, blood storage refrigerators […]

Recent Cyber Security News and Prosecutions

Posted by & filed under Business News, Cyber Risks.

British Heart Foundation and Royal Society for the Prevention of Cruelty to Animals Fined. Fines Under GDPR Could Cost British Businesses £122 Billion. British Heart Foundation and Royal Society for the Prevention of Cruelty to Animals Fined Both the British Heart Foundation (BHF) and the Royal Society for the Prevention of Cruelty to Animals (RSPCA) were […]

Most Pay Ransomware Despite Claiming They Never Would

Posted by & filed under Business News, Cyber Risks.

Within the last 24 months, 44 per cent of all UK organisations have been infected by ransomware, and 27 percent of those were infected more than once, according to recent research published by cyber security firm, Trend Micro. Ransomware is a type of malicious software (malware) designed to block access to specific data, files or […]

Cyber Criminals Can Exploit Any Organisation’s Weaknesses, No Matter the Size

Posted by & filed under Cyber Risks.

On average, each UK business was subject to 230,000 cyber attacks in 2016, according to research provided by internet service provider, Beaming. Very few of these attacks were successful, but the sheer volume is noteworthy. In November, for the first time ever, more than 1,000 attacks per day hit individual company firewalls, contributing to an […]