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Reuters: Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed.
ZDNet: It's this sort of collaborative attitude that is needed to help combat challenges and reduce cyber risk to societies, says Pete Cooper, deputy director of cyber defence for the UK Cabinet Office and lead of the government sector of the National Cyber Security Programme.
BNN Bloomberg: A Russian who admitted carrying out one of the largest known cyberattacks against a U.S. bank is a “brazen and prolific” hacker who should serve as long as almost two decades in prison, U.S. prosecutors told a federal judge in advance of his sentencing.
Bleeping Computer: British cybersecurity and hardware company Sophos has emailed a small group of customers to alert them that their personal information was exposed following a security breach discovered.
ZDNet: A new offensive force made up of spies, cyber experts and the members of the military is already conducting cyber operations to disrupt hostile state activities, terrorists and criminals, the UK government has revealed.
IT Pro Portal: According to a new report from PwC, based on a poll of 3,249 businesses worldwide, which states that almost all UK businesses are switching up their cybersecurity strategy due to Covid-19, with half considering cybersecurity in every decision.
SIX: Swiss banking has existed since the end of the 14th century. With the emergence of the modern banking system from 1850 onwards, our strengths became increasingly apparent: stability and security. Today, in the 21st century, these strengths are more important than ever. Cybercrime is considered one of the most important operational risks in our industry. As a financial center, we must therefore join forces. Cooperation is key. When it comes to cyber security, we must not make any distinction between large and small or bank and insurance. We must act together. We at SIX are prepared to support all the players in Switzerland in their efforts.
PYMNTS: Folksam shared client data with Facebook, Google, Microsoft, LinkedIn and Adobe, the Swedish company said in a statement on Tuesday (Nov. 3). The firm said it discovered the breach after an internal audit and that it has reported the breach to Swedish regulators.
ZDNet: The UK's National Cyber Security Centre (NCSC) is 'stepping up support' for the National Health Service to help protect UK hospitals and other healthcare organisations against cyberattacks.
CNN: Director of National Intelligence John Ratcliffe said Wednesday both Iran and Russia have obtained US voter registration information in an effort to interfere in the election, including Iran posing as the far-right group Proud Boys to send intimidating emails to voters.
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