Tag: Cyber Attacks

Capital and Risk, Operational

European Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack

February 9, 2022

Via: Insurance Journal

The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the financial fallout of any conflict. The stand-off between […]

Capital and Risk, Operational

Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank

December 29, 2020

Via: Insurance Journal

MOSCOW – Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country’s largest lender Sberbank said. Russia has encouraged its citizens to switch to bank cards and limit cash use to […]

Activity, Insurance

Business Cyber Losses Soar but Firms Fight Back with Extra Security Spending: Study

June 23, 2020

Via: Insurance Journal

Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm to $57,000, according to an international survey commissioned by insurer Hiscox. Total cyber losses among the study group rose from […]


Mobile banking trojans proliferating

August 6, 2018

Via: Finextra

This represents a historic high; more than a three-fold growth when compared with Q1 2018, and over double the installations than in Q1 2017. This is just one of the main findings from Kaspersky Lab’s Q2 IT threat evolution report. […]

Capital and Risk, Macroeconomic

The Cost of Cyber Attacks to U.S. Economy

February 20, 2018

Via: Insurance Journal

Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House said Friday. The estimate comes in a Council of Economic Advisers report on the impact of cyber attacks on U.S. government and […]