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Cyber tag returned 411 results

  • Major APAC ports could face $110bn losses in an extreme cyber attack

    A single cyber attack in Asia Pacific could cost a substantial $110bn in an extreme scenario in which a computer virus infects 15 ports across Japan, Malaysia, Singapore, South Korea and China. This finding was revealed in a new research report entitled 'Shen attack: Cyber risk in Asia Pacific ports' which has been jointly produced by the Cyber Risk Management (CyRiM) project led by Nanyang Technological University, in collaboration with industry partners and academic experts including Lloyd's, a founding member of CyRiM.

    Asia | 04 Nov 2019
  • Cybercrimes keep pace with cybersecurity

    Security technology is becoming increasingly sophisticated to a large extent due to artificial intelligence (AI) and machine learning, but advances in the cybercriminal world are not far behind.

    Asia Risk | 30 Oct 2019
  • Learning from Capital One and Equifax

    In July 2019, bank holding company Capital One reported that a hacker had gained access to more than 100m Capital One customer accounts and credit card applications, including 140,000 social security numbers, 1m Canadian social insurance numbers, 80,000 bank account numbers and an undisclosed number of names, addresses, credit scores and other personal information.

    Asia Risk | 23 Oct 2019
  • To keep their data safe, companies need to strengthen every vendor handling their data

    According to a new research by American University Kogod School of Business, companies interested in protecting themselves and their customers from cyber-attacks need to invest in themselves and the vendors that handle their data.

    Asia Risk | 23 Oct 2019
  • Three in four SMEs in Hong Kong experienced a cyber incident this year

    Seventy-six percent of small and medium enterprises (SMEs) polled in Hong Kong have suffered a cyber attack in the last 12 months, according to a survey on cyber risk for SMEs conducted by Chubb.

    AIRPlus | 17 Oct 2019
  • Marsh India says Reserve Bank of India can consider compulsory cyber-risk insurance policies for banks

    Marsh India Insurance Brokers' country head and CEO Sanjay Kedia has said that cyber and natural calamities are big risks but most companies in India are underprepared for these threats.

    Asia Risk | 16 Oct 2019
  • Malware Smominru still active, infects 4,700 PCs a day

    Malware Smominru, whose incidence was first reported in 2017, continues to infect computers in a big way. The fact that infected 4,700 computers a day shows how fast it is spreading according to cyber security experts at Kaspersky,

    Asia Risk | 16 Oct 2019
  • Data breach considered top risk in cyber attack events: Zurich

    Ninety-five per cent of corporate risk managers and insurance buyers cited data breach as the number one risk, followed closely by cyber-related business interruption (94.5%) and cyber extortion/ransom (89%). These findings were revealed in the 2019 Advisen cyber survey on information security and cyber risk management, released by Zurich Insurance.

    Asia | 09 Oct 2019
  • Losses from cyberattacks set to reach all-time high

    Annual global cyber losses are expected to reach $6tn by 2021, with cyber security spending set to exceed $1tn cumulative in the five-year period leading up to 2021, according to a report by Aon.

    AIRPlus | 09 Oct 2019
  • Cyber-attack ranks as top concern for US businesses, but only half have cyber coverage

    The Travelers Companies, the second-largest commercial P&C insurer in the US, has revealed that more businesses - regardless of their size - are beginning to realise the dangers posed by cyber risks.

    AIRPlus | 07 Oct 2019

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