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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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Unanswered Questions Loom Over Cyber Attacks on M&S, Co-op & Harrods

Jane Frankland

The attack on M&S, which is still unfolding, has wiped more than 750 million off the companys market value. That’s what this blog is all about, In it, I’m examining the changing landscape of cyber threats, looking first at the M&S cyber attack. Image credit xl.store – stock.adobe.com

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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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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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Marks and Spencer confirms data breach after April cyber attack

Security Affairs

The company operates both physical stores and online services, with a strong presence in the UK and some international markets. The DragonForce group claimed the attack on M&S and Co-op, and told the BBC that they have attempted to hack Harrods.