Tryg, the Denmark-based insurer, is predicting 90 percent of corporate customers will spend the money to purchase cybercrime insurance during the course of the next five years. According to a news report in Reuters citing Denmark’s largest insurer, Tryg said it has sold 5,000 cybercrime...
The Equifax hack continues to hit those impacted, with new research finding that consumers will have to shell out a collective $4.1 billion to freeze their credit reports and prevent fraudsters from using their leaked personal information. According to CNBC, the report by advocacy group...
The U.S. Securities and Exchange Commission (SEC) announced it is launching two enforcement initiatives to boost efforts to address cyber threats and protect retail investors. The move comes in the wake of the massive Equaifax hack, which exposed the personal data of 143 million Americans....
WeChat, the Chinese messaging app owned by Tencent, confirms it provides information about users to the Chinese government. According to a news report, the company has released an update informing users that all the private information of customers will be disclosed to authorities in China....
Another day, another data breach. This time, Kromtech Security Center announced that information on more than half a million vehicle tracking devices and their users have been leaked online in a cyberattack. According to a Forbes news report, the more than 540,000 exposed records included...
Eugene Kaspersky, the co-founder and chief executive of Moscow-based anti-virus firm Kaspersky Lab, has accepted an invitation to testify before Congress over the security of his company’s products. Reuters reported the news that Kaspersky will testify later this month, but he needs an expedited visa...
China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it. According to news from Reuters, the Ministry of Industry and Information Technology (MIIT), which is creating the platform,...
The U.S. has banned federal agencies from using computer antivirus software supplied by Kaspersky Lab due to concerns about the company’s ties to the Kremlin and Russian spy operations. As reported by AP News, the directive was issued by acting Department of Homeland Security (DHS)...
Equifax, the latest company to be embroiled in a massive data breach, is facing questions from two top U.S. senators on both sides of the aisle. According to a report in Reuters, Senator Orrin Hatch, Chairman of the Senate Finance Committee, and ranking Democrat Ron Wyden...
