Is your pension protected from cyber attacks? March 31, 2024 Large-scale infrastructure may offer predictable returns for investors, but it’s vulnerable to hackers. Gavin Lillywhite explains how asset managers and pension trustees can reduce their exposure We’re all aware of the ever-increasing cyber risk in both our personal lives, workplace and wider society. As consumers we hand over ever-increasing volumes of valuable personal data in [...]
UK issues sanctions and summons ambassador over Chinese cyber-attacks March 25, 2024 The government has issued sanctions and summoned the Chinese ambassador over state-affiliated cyber-attacks which spies could use to target UK-based dissidents.
Minister: Cyber brings ‘risks we can’t ignore’ with UK firms still vulnerable March 20, 2024 Three quarters of medium and large sized businesses were hit by a cyber attack in the past year, according to new government figures.
The Notebook: No crystal ball? How insurers are predicting risk in an increasingly unpredictable world March 13, 2024 Mike Steel, general manager at Moody’s RMS, takes the Notebook pen to talk insurance, catastrophe bonds and predicting the future.
Darktrace reports jump in revenue and notes growing cyber threats from AI March 7, 2024 For the six months to the end of December, the company recorded revenue of $330.3m (£259m) and a gross profit margin of 89.3 per cent.
Sharp rise in cyber attacks at UK law firms as hackers eye sensitive data February 21, 2024 The number of reported cyber attacks on UK law firms has increased 36 per cent over the past year. According to data by speciality reinsurance group Chaucer, there were 166 reported cyber breaches in 2021/22, this number jumped to 226 for 2022/23 (as of 30 September). Chaucer says that the large number of attacks against [...]
Take down of Lockbit won’t stop the hackers, warn security experts February 21, 2024 Cybersecurity experts have warned that hackers could swiftly bounce back from a UK-led operation to take down ransomware group Lockbit.
Dead Man’s Fingers maker cuts over 500 jobs and enters the red after cyber attack hits sales February 16, 2024 The maker of Crabbie's Ginger Beer and Dead Man's Fingers spiced rum shed more than 500 jobs and entered the red after its sales were hit by a cyber attack, it has been revealed.
Expect M&A uptick in cybersecurity market, says Arctic Wolf boss January 18, 2024 The boss of one of the world's biggest cybersecurity companies has said he expects a surge in M&A activity in the sector in 2024.
Cyber attacks top risks for UK firms in 2024 but spectre of natural disasters looms large January 16, 2024 The Allianz Risk Barometer has ranked cyber incidents as the biggest risk for businesses, both globally and in the UK, by companies of all sizes and over a range of sectors.