Industry group UK Finance said £145m of that was due to authorised push payment (APP) scams, in which people are conned into sending money to another account. But £358m was lost to unauthorised fraud, which includes transactions made without account holders’ knowledge. Unauthorised fraud victims are usually refunded by their banks, but most victims of[…]
Good to see the Cyber security highlighted as a top priority. Healthcare cybersecurity will be one of the top 10 challenges facing healthcare executives next year, according to a new poll by the Healthcare Executive Group.
A new report says hackers have used a leaked US government software tool to step up illicit mining of cryptocurrencies like bitcoin and monero.
Class members whose personal information continues to be stored by the insurer would benefit from the insurer’s commitment to triple its annual spending on data security for the next three years and to adopt certain cybersecurity controls and reforms. Read full article here
British Airways has been threatened with a £500 million ($650 million) class-action lawsuit in U.K. court following its warning last week that a hacker had stolen payment card data associated with 380,000 transactions, one of the worst breaches to ever come to light in the country.
This is the hottest product in the Insurance industry…no surprise given current state….big market opportunity to price/assess customers fairly and pay for compromise… All companies are potential victims of cyber attacks, and buying insurance is one way many are trying to manage that risk. Why it matters: Companies hit by attacks are exposed to incredible costs[…]