Posts Tagged ‘cyber security’
3 Iranian Citizens Charged in Broad Hacking Campaign in US
The Justice Department said Wednesday that three Iranian citizens have been charged in the United States with ransomware attacks that targeted power companies, local governments and small businesses and nonprofits, including a domestic violence shelter. The charges accuse the hacking suspects of targeting hundreds of entities in the U.S. and around the world, encrypting and…
Read MoreLloyd’s Insurers Must Exclude State-Backed Cyber Attacks to Avoid Systemic Risks
Lloyd’s insurers must exclude state-backed cyber attacks in standalone (or affirmative) cyber policies, according to a Lloyd’s market bulletin issued this week. The exclusion would include liability for losses arising from both war- and non-war-related state-backed cyber attacks. “Lloyd’s remains strongly supportive of the writing of cyber attack cover but recognizes also that cyber-related…
Read MoreCyber Insurance Price Hike Hits Local Governments Hard
Horry County, South Carolina, officials were in for a shock earlier this year, when they discovered their cyber insurance premium would be spiking from $70,000 last year to about $210,000. And if they couldn’t satisfy the insurance company’s requirements and prove they had the robust controls needed to protect and defend themselves against cyberattacks,…
Read MoreFBI warns hackers are using fake crypto apps to defraud investors
FBI warns hackers are using fake crypto apps to defraud investors The FBI has issued a public warning about fraudulent cryptocurrency investment apps after hackers posing as legitimate services stole tens of millions of dollars from U.S. investors. In an advisory published on Monday, the law enforcement agency said hackers have been posing as legitimate cryptocurrency investment organizations in…
Read MoreCalifornia Assembly Bill 5- AB5
KEY TAKEAWAYS California Assembly Bill 5 (AB5) extends employee classification status to some gig workers. Under AB5, companies must use a three-pronged test to prove workers are independent contractors, not employees.1 AB5 was designed to regulate companies that hire gig workers in large numbers, such as Uber, Lyft, and DoorDash. On Sept. 4, 2020, the…
Read More5 Mistakes Life Insurance Mistakes That You Should Avoid
5 Mistakes Life Insurance Mistakes That You Should Avoid Some Life Insurance Advice to Consider There are many good reasons to consider buying a life insurance policy, such as a recent marriage, a new baby, or taking on a large debt (like a house) loved ones would have trouble paying off if something happened to you. Or perhaps…
Read MoreFBI warns new ransomware strain
FBI sounds the alarm over virulent new ransomware strain By Sead Fadilpašić At least 60 organizations attacked in less than two months A virulent new ransomware strain has infected at least 60 different organizations in the last two months, the FBI has warned. In a Flash report, published late last week, the intelligence agency said that BlackCat, a…
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