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In crosshairs of ransomware crooks, cyber insurers struggle

In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how much cyber […]

UN official warns digital technologies open areas for attack

The U.N. disarmament chief warned Tuesday that digital technologies are lowering barriers to malicious intrusions and opening potential areas for governments, armed groups, terrorists and criminals to carry out attacks, including across international borders. Izumi Nakamitsu told a U.N. Security Council meeting on cybersecurity that there has been “a dramatic increase in the frequency of […]

Hit by a ransomware attack? Your payment may be deductible

As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: The ransoms may be tax deductible. The IRS offers no formal guidance on ransomware payments, but multiple tax experts interviewed by The […]

McDonald's latest company to be hit by a data breach

McDonald’s has become the latest company to be hit by a data breach after unauthorized activity on its network exposed the personal data of some customers in South Korea and Taiwan. McDonald’s Corp. said Friday that it quickly identified and contained the incident and that a thorough investigation was done. “While we were able to […]

EXPLAINER: Just how vulnerable is the internet?

An outage at a little-known firm that speeds up access to websites knocked a lot of top internet destinations offline on Tuesday, disrupting business and leisure for untold millions globally. The problem was quickly resolved. The company, Fastly, blamed a configuration error in its technology. But the incident — Fastly’s traffic dropped 75% for about […]

El Salvador makes Bitcoin legal tender

El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference. The digital currency, originally created to be money out of the control of governments, can be used in any transaction […]

US says agencies largely fended off latest Russian hack

The White House says it believes U.S. government agencies largely fended off the latest cyberespionage onslaught blamed on Russian intelligence operatives, saying the spear-phishing campaign should not further damage relations with Moscow ahead of next month’s planned presidential summit. Officials downplayed the cyber assault as “basic phishing” in which hackers used malware-laden emails to target […]

Irish health system struggling to recover from cyberattack

Ireland’s health system struggled to restore computers and treat patients Tuesday, four days after it shut down its entire information technology system in response to a ransomware attack. Thousands of diagnostic appointments, cancer treatment clinics and surgeries have been canceled or delayed since Friday’s cyberattack. Authorities said hundreds of people were assigned to get crippled […]

Ransomware hits AXA units in Asia, hurts Ireland healthcare

Cybercriminals have hit four Asian subsidiaries of the Paris-based insurance company AXA with a ransomware attack, impacting operations in Thailand, Malaysia, Hong Kong and the Philippines, the insurer said. The criminals claimed to have stolen 3 terabytes of data including medical records and communications with doctors and hospitals. In Ireland, meanwhile, the national healthcare system […]