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The American business and financial services company Moody’s will start factoring risk of getting hacked into their credit ratings for companies. The move is seen as part of a wider initiative to gauge the risk of cyberattacks and data breaches to companies and their investors. “We’ve Read more about the story here.
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 cyberrisk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.
The cyberrisk facing the manufacturing sector is likely greater at this point than ever before. The post Stop the line: Cyber threats facing manufacturing first appeared on Digital Shadows. Cybercriminals have demonstrably pivoted.
To secure the device from fraudulent access, mobile operating system manufacturers are coming up with various security features, among which phone PIN is the most commonly used option. The post Most commonly used PINs putting smart phones to cyberrisks appeared first on Cybersecurity Insiders.
The manufacturing sector faces an increasingly daunting cyber threat landscape that puts production operations, intellectual property, and entire supply chains at risk. Simply checking boxes is no longer sufficient to withstand escalating cyber attacks from criminals, nation-states, and insiders," the paper states.
Check out key findings and insights from the Tenable Cloud AI Risk Report 2025. In addition, find out how AI is radically transforming cyber crime. And get the latest on open source software security; cyber scams; and IoT security. Plus, get fresh guidance on how to transition to quantum-resistant cryptography.
best known as the maker of Ski-Doo snowmobiles, reported a cyber attack in August, 2022, that forced production shutdowns at factories in four countries for about a week after a malware infiltration from a third-party service. The post RiskLens Fast Facts on CyberRisk in Manufacturing appeared first on Security Boulevard.
Recently, I was part of four conversations with security leaders across several industries – manufacturing, financial services, natural resources and healthcare – about some of the challenges they face with cyberrisk management.
A spate of serious cyberattacks on manufacturing businesses in recent years propelled the sector into the cybersecurity spotlight. The food and beverage industry is an area of manufacturing that somewhat went under the radar in discussions of cyberrisk compared to other areas such as energy.
Regularly updating and patching systems, including antivirus software, firewalls, and SCADA networks, can mitigate this risk. This significantly reduces the risk of unauthorized access. Employee training and awareness: Human error is a leading cause of security breaches.
As the Industrial Internet of Things continues to transform the global industrial manufacturing and critical infrastructure industries, the threat of aggressive, innovative and dangerous cyber-attacks has become increasingly concerning. Related: The top 7 most worrisome cyber warfare attacks. Addressing exposures.
The way suppliers conduct business, as well as they products they sell, could put you and your family at risk. In the business world, digital supply chains present very real risks too, even with well-established, trusted partners. They have a long, established history of design and manufacturing excellence.
Consumers and organizations are enthused about the operational benefits of more robust mobile connectivity, but the shift to 5G networks doesn’t come without risks. Service providers and 5G-enabled device manufacturers both have critical roles to play in the success and sustainability of this wireless network rollout.
This incident serves as a stark reminder of the critical risks posed by global IT disruptions and supply chain weaknesses. This case underscores the serious risk that social engineering and supply chain attacks pose to open-source projects. The issue serves as a reminder of the potential risks inherent in widely used software.
What is an OT CyberRisk Framework? An OT CyberRisk Framework is a structured approach designed to identify, assess, manage, and mitigate cybersecurity risks in Operational Technology environments. Assessing the potential impact of cyber threats on critical industrial systems.
It examines the rising risks associated with AI, from cybercriminals weaponizing AI for more sophisticated attacks to the security implications of recent AI advancements like the open source model DeepSeek, while providing best practices for mitigating these risks.This blog post summarizes several highlights from the report.
With the rapid digitization of the manufacturing firms globally, the potential cyberrisks plaguing their industry have grown in both number and intensity. The post Cyber Security for Manufacturing Firms: 5 Reasons & 5 Ways appeared first on Kratikal Blog.
Check to see if there are any updates or patches: If a manufacturer has discovered a vulnerability in their product, they’ll often release a software patch. Change these default settings to something difficult for others to guess, and don’t re-use passwords from other accounts.
NEW YORK & WASHINGTON–( BUSINESS WIRE )– Axio , a leading SaaS provider of cyberrisk management and quantification solutions, today announced a new joint initiative with the CyberRisk Institute (CRI), a non-profit coalition of financial institutions and trade associations. Learn more at [link].
The findings focused on outdated software components in router firmware, across sectors from industrial operations to healthcare and critical infrastructure, highlighting associated cyberrisks. These findings are not just a wake-up call, but also show the need for immediate action to mitigate cyberrisks today and in the future.
While quantum power poses risks to traditional encryption, it also opens the door to revolutionary cybersecurity advancements that could redefine how we protect data, detect threats, and secure critical infrastructure.
Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent CyberRisk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security. one of the most virulent malware attacks ever.
Until the last ten years or so, we would largely categorise robots as reactive with mostly industrial applications in areas like manufacturing or warehousing. The pace of AI maturity as it enters its eighth decade has led industry experts to name this the intelligent era and I wholeheartedly agree.
ransomware to conduct the cyber-attack, the hackers threaten to expose stolen files unless the company pays a ransom. The factory specializes in manufacturing, consumer electronics, medical devices, and industrial operations. SecurityWeek has attempted to contact the electronics manufacturer but has yet to receive a response.
In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat.
The post Feel Good Ukraine Tractor Story Highlights Ag CyberRisk appeared first on The Security Ledger with Paul F. Related Stories DEF CON: Security Holes in Deere, Case IH Shine Spotlight on Agriculture CyberRisk Episode 235: Justine Bone of MedSec on Healthcare Insecurity Episode 234: Rep.
In July, the Federal Bureau of Investigation (FBI) released a Private Industry Notification (PIN) to underscore the heightened cybersecurity risks facing this critical infrastructure. The FBI's PIN warning provides several recommendations for mitigating the risks associated with these cyber threats.
Risk management: Cyber insurance policies often require a risk assessment, which can help an organization identify and address vulnerabilities and improve its cybersecurity posture. Having cyber insurance can help ensure compliance with these requirements. Is it required? legal advice, forensic investigators, etc.)
Key Infrastructure and Critical Vulnerabilities: Attack Against Tata Power Highlights CyberRisk to India’s Growing and Increasingly Connected Population. 8 ) Deadbolt first targeted storage devices manufactured by Taiwan-based company QNAP, for which patches have been available since early this year. (
Section 3305 mandates that medical device manufacturers must submit comprehensive plans to the FDA, focusing on monitoring, identifying, and proactively addressing medical device vulnerabilities. Moreover, manufacturers must establish and maintain processes to ensure that the device and associated systems are sufficiently cyber-secure.
North Korea's prolific state-sponsored hacking units are once again setting their sights on South Korea's defense and arms manufacturing sector. South Korea is home to major defense manufacturers such as Korea Aerospace Industries Ltd.
Issued a few days after the killing, the report assesses cyberrisks of North American electrical utilities, identifying 11 hacking groups that target energy sector companies. The Drago report lends color to this looming threat, a threat that was in place when a U.S. drone fired on Gen. Soleimani’s carcade.
That distinction is important for identifying risk. While the Oldsmar, Florida hack, for example, shined a light on risks associated with remote access to industrial control systems, Colonial Pipeline exposed IT system vulnerabilities that could exist in any sector.
Radiflow has partnered with industry leaders to feed greater data into its analytics platform and provide quick risk assessment insights to help CISOs optimize and justify OT security budgets despite the overall pressure for budget cuts. In response, Radiflow recently released CIARA 4.0,
In the words of the French ANSSI and German BSI, “The digitization of production processes underpinning the core activity of an entity, through the connection of operational technology (OT), will carry risks for the near future.” Other important findings. Online child sexual abuse material (CSAM) and SIM swapping attacks are a major concern.
It’s mostly problems from the IT world, says Andy Norton, European CyberRisk Officer at Armis. The Guru decided to ask Armis’ European cyberrisk officer, Andy Norton for his thoughts. The risks of common IT problems such as theft of credentials varies a lot depending on the OT environment.
With more than 20 years of experience in cyber, NetDiligence ® specializes in cyberrisk readiness and response services. Harter Secrest & Emery is one of only approximately 25 firms in the world to be recognized with this designation, highlighting the firm’s deep experience and steadfast commitment to its clients.
Her work centered on helping aerospace manufacturers manage the convergence of cyberrisk across their increasingly complex business ecosystem, including IT, OT and connected products. During her first few years at Booz Allen, she supported technology, innovation and risk analysis initiatives across U.S. Diane Brown.
1 - CSA: How to prevent “shadow AI” As organizations scale up their AI adoption, they must closely track their AI assets to secure them and mitigate their cyberrisk. Cybersecurity and Infrastructure Security Agency (CISA), the FBI and the Australian Cyber Security Centre. So how do you identify, manage and prevent shadow AI?
” The MiCODUS MV720 GPS Tracker is a popular vehicle GPS tracker manufactured in China, which is used by consumers for theft protection and location management, and by organizations for vehicle fleet management. However, such functionality can introduce serious security risks. Pierluigi Paganini.
We covered the cybersecurity landscape including the most high-profile cyber crime statistics: number of attacks, crime targets, cybersecurity spendings, and cyberrisk management. CyberRisk Management It’s important to recognize that what is commonly called cybersecurity is really cyberrisk managemen t.
Besides all the benefits IoMT devices provide, they have also introduced new risks to healthcare organizations that haven’t previously been a security priority. These new risks have created a dangerous security gap—new technology is introducing new risks and a larger attack surface. Hackable pacemakers.
AT&T SASE with Cisco weaves together some of the most important threads necessary for supporting and protecting the branch offices, labs, manufacturing facilities, and remote workers that make up the tapestry of the modern, distributed workforce. Restricts access to websites, cloud applications, and data sharing based on risk policies.
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