A Chicago-based futures brokerage will pay $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million from a customer’s account.
Small businesses are collectively subject to almost 10,000 cyber attacks a day, according to new findings from the Federation of Small Businesses (FSB).
An estimated two million cyber attacks in 2018 resulted in more than $45 billion in losses worldwide as local governments struggled to cope with ransomware and other malicious incidents.
Sixty-one percent of firms suffered a cyber attack in the past year, compared to 41 percent the year prior. The median cost for losses associated with cyber incidents shot up from $229,000 to $369,000, says a 2019 Hiscox cyber Reading Readiness Report.
According to the 2018 Norton LifeLock Cyber Safety Insights Report, nearly three out of four Americans (72 percent) are more alarmed than ever about their privacy.
Growing drone use in populated areas poses significant risks that, without additional safeguards, could result in attacks by malicious entities and exploited for use in cyberattacks, terrorism, crime and invasion of privacy, according to a new report.
nCipher Security announces new research that exposes Americans’ lack of trust about personal data security, their leading concerns in this area and what organizations can do to gain their confidence at a time when breaches and cyberattacks are on the rise.
