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How Spread Betting Platforms Safeguard Traders Against Cyber Risks

IT Security Guru

This heavy reliance on technology, however, makes it an attractive target for hackers seeking to exploit vulnerabilities in trading systems and platforms. If these cyber attacks are successful, even just a little, they could lead to billions of pounds in damages and losses to the companies that own the platforms and the traders.

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GUEST ESSAY: The three horsemen of cyber risks: misinformation, disinformation and fake news

The Last Watchdog

Such a transformation however, comes with its own set of risks. Misleading information has emerged as one of the leading cyber risks in our society, affecting political leaders, nations, and people’s lives, with the COVID-19 pandemic having only made it worse.

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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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MY TAKE: Cyber attacks on industrial controls, operational technology have only just begun

The Last Watchdog

Monitoring and management of many existing industrial control systems’ (ICS) embedded devices, like pumps, valves and turbines, are ancient in technological terms. At the operational level, critical industrial sectors are dependent on technology developed 10 to 15 years ago and that aren’t regularly patched.

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Cyber Attack on New York Transport Authority

CyberSecurity Insiders

New York Metropolitan Transport Authority, well known shortly as MTA was reportedly hit by a cyber attack in April this year and sources report that the incident was limited only to some systems and no employee or customer info was compromised. .

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NEW TECH: Trend Micro flattens cyber risks — from software development to deployment

The Last Watchdog

Thus the urgency for organizations to put all excuses aside and embrace stricter cyber hygiene practices could not be any higher. Cybersecurity technology is far more advanced today than it was five years ago, or even two years ago. Something needs to be done to flatten the cyber risk curve. I’ll keep watch.

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Drilling Rigs in deepwater are vulnerable to Cyber Attacks

CyberSecurity Insiders

A study conducted by a cybersecurity firm named Naval Dome has discovered that most of the drilling rigs operating in deep waters are vulnerable to cyber attacks. Naval Dome researchers found in their two-year-old study that various companies involved in oil business were mitigating cyber risks with great care.