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Are Cyber Attacks at Risk of Becoming 'Uninsurable'?

Lohrman on Security

There are dark clouds on the horizon as well as conflicting forecasts regarding cyber insurance in 2023 and beyond. Where will the insurance market go from here on cybersecurity coverage?

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GUEST ESSAY: The many ways your supply chain is exposing your company to a cyber attack

The Last Watchdog

The Trusted Control/Compute Unit , or TCU, built by Axiado introduces an enhanced zero-trust model to the market. There is the potential for a reliable solution that can bring some peace of mind however. It provides an answer to the most common and dangerous forms of cybercrime: •Security at the root.

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Astral Foods, South Africa’s largest poultry producer, lost over $1M due to a cyberattack

Security Affairs

The company supplies chicken products to retail, wholesale, and fast-food markets in South Africa and neighboring countries. At this time, no ransomware gang has taken credit for the cyber attack. Astral Foods is a South African integrated poultry producer and one of the country’s largest food companies.

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Now a consortium to prevent cyber attacks on Connected Cars

CyberSecurity Insiders

Car makers Toyota, Hyundai and Nissan are all set to form a consortium that will aim to fight cyber attacks on Connected Cars. And in Japan, the government has made it mandatory for the car producers to follow UN guidelines as the country produced products occupy over 21% market share across Europe.

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Romanian energy supplier Electrica Group is facing a ransomware attack

Security Affairs

Romanian energy supplier Electrica Group is investigating an ongoing ransomware attack impacting its operations. Romanian energy supplier Electrica Group suffered a cyber attack that is impacting its operations. “Electrica Group is under a cyber attack. The company serves over 3.8 ” reads the note.

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Online businesses that are most targeted by cyber attacks

CyberSecurity Insiders

On the security front, a research carried out by Cybersecurity Ventures has predicted that the cyber attacks on online business will bring an estimated loss of $6 trillion to companies operating across the globe by 2021 and the gaming industry is said to be impacted the most.

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Australia Real Estate Domain warns users of a Cyber Attack

CyberSecurity Insiders

Note- Domain Group a subsidiary of Nine Entertainment Co happens to be the second-largest real estate marketing business in Australia and competes directly with New Corp Australia-owned REA Group. The post Australia Real Estate Domain warns users of a Cyber Attack appeared first on Cybersecurity Insiders.