Tag Archives: cyber risk

Three ways to hack the election (and every election to come)

Three ways to hack the election (and every election to come)

The advances in internet communication have allowed for thoughts and ideas to flow from one continent to the next, pushing education, medicine, and new discoveries further and faster than ever before. In an ideal world, this platform would be used for good, the data would be truthful, and its motives for dissemination could be trusted.Read more

Shen Attack Cyber Risk Scenario: up to $110 billion at risk from maritime malware attack

Shen Attack Cyber Risk Scenario: up to $110 billion at risk from maritime malware attack

  What would be the impact on insurers and the global economy if key ports in Asia-Pacific were closed as a result of a cyber attack? Our new scenario report explores the impact of a hypothetical computer virus which closes up to 15 ports in Asia. Economic losses from closures and disruption range from $40.8Read more

The attack on Saudi Arabia’s oil industry increases the risk in every sector

The attack on Saudi Arabia’s oil industry increases the risk in every sector

A suspected missile attack against Saudi Aramco holdings in northern Saudi Arabia on the morning of Saturday, 13 September has further enflamed geopolitical tensions in the region. Saudi Aramco is a strategically-vital pillar of industry for the kingdom and important to the global energy market as a whole. The incident pulls together several risk trendsRead more

The Next Decade in Risk: Technology Risks

The Next Decade in Risk: Technology Risks

Looking back at the last decade of cyber risk offers insight into what can be expected for the future growth of technologies and vulnerabilities. The most expensive cyber attacks of the last decade were both contagious malware events that struck in 2017, WannaCry and NotPetya. These events caused an estimated $3 billion and $10 billionRead more

Innovation Risk: is 5G already a white elephant?

Innovation Risk: is 5G already a white elephant?

  The US’ allegations of cyber espionage by Chinese tech giant Huawei are still sending ripples through the news. While trade conditions continue to sour between the two nations, effecting supply-side prices, the conversation in Europe has drifted towards decisions to grant contracts to Huawei for the expansion of 5G infrastructure. With more than 40Read more

The Cyber Risk Outlook 2019: what’s on the horizon for cyber risk?

The Cyber Risk Outlook 2019: what’s on the horizon for cyber risk?

Today, the Cambridge Centre for Risk Studies launches its 2019 Cyber Risk Outlook in partnership with RMS. The 2019 Outlook is the product of a full year of research and conversation with experts, an insightful look at the current cyber risk landscape and an assessment those areas that pose the greatest threat to business withRead more

Global Risks Report: making the global into local

Global Risks Report: making the global into local

The Global Risks Report, now in its 13th edition, has become the vehicle for an international discussion of risk linked to the Davos World Economic Forum (WEF) the following week. Its findings in 2018 are generally unsurprising. The overall picture is of increasing uncertainty, especially related to the natural environment and conflict, with somewhat reducedRead more

Chipmageddon: New security vulnerability in modern CPUs could enable the mother of all data breaches

Chipmageddon: New security vulnerability in modern CPUs could enable the mother of all data breaches

As users continue to demand faster performance from computers, chip designers have baked in a serious design flaw that exposes a computer’s internal memory to hackers via two major security exploits, code named Meltdown and Spectre. These exploits allow an adversary to access kernel-level memory without proper security checks, potentially gaining access to passwords andRead more

The Age of Ransomware: mitigating the next cyber heartbreak after WannaCry

The Age of Ransomware: mitigating the next cyber heartbreak after WannaCry

A cyber catastrophe has occurred. A little before noon on Friday, 12 May 2017, a highly virulent strain of the ransomware WannaCry (known as WannaCrypt) began to spread through Windows systems worldwide, crippling the NHS healthcare system, Russian government ministries and French automobile plants, and ultimately impacting more than 200,000 computers in 150 countries byRead more

Cyber-extortionists Take a Bite at Apple – Update

Cyber-extortionists Take a Bite at Apple – Update

The Turkish Crime Family (TFC) versus Apple cyber extortion case is unique in being one of the first widely reported incidents of a large tech company being subjected to extortion. TCF claimed access to hundreds of millions of iCloud accounts, which they threatened to wipe if Apple did not pay a ransom (the amount inRead more

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