Author: Admin

Cyber-insurance companies appear to be benefitting from a continued surge in prices, even as the frequency of claims falls due to corrective steps they’re taking with clients, it has emerged. Global insurer Beazley, listed with Lloyd’s of London, said on Friday that premium rates on renewal businesses increased 23% year-on-year in the third quarter, driving gross premium revenue to over $3.7bn. A large chunk of these price rises come from the firm’s Cyber & Executive…

A Chinese intelligence officer has been convicted of cyber-espionage by a US federal jury, in the first ever case of its kind. Xu Janun, deputy division director of the Sixth Bureau of the Jiangsu Province Ministry of State Security, was found guilty of conspiring to and attempting to commit economic espionage and theft of trade secrets, according to the Department of Justice (DoJ). From at least 2013, Xu is said to have targeted experts working…

INTERPOL is still on the hunt for two suspected members of the Clop ransomware gang after making multiple arrests in the summer following a 30-month operation, it has revealed. In an update on Operation Cyclone, the law enforcement agency said that the two Red Notices had been circulated to all 194 member countries around the world following a request from Korean investigators. The operation was launched after Clop attacks on Korean companies and US academic institutions, although…

McAfee Enterprise and FireEye recently released its 2022 Threat Predictions. In this blog, we take a deeper dive into a Game of Thrones power struggle among Ransomware-as-a-Service bad actors in 2022. Prediction: Self-reliant cybercrime groups will shift the balance of power within the RaaS eco-kingdom.  For several years, ransomware attacks have dominated the headlines as arguably the most impactful cyber threats. The Ransomware-as-a-Service (RaaS) model at the time opened the cybercrime career path to lesser skilled criminals which eventually led…

Anyone who works in technology in the United Kingdom (UK) is familiar with the Public Services Network (PSN). This organization was established back in 2008 to help public service organizations to work together to share resources and reduce duplication. Over time, the Internet has become suitable for most of the work that was previously managed by the PSN, and the PSN is now considered a legacy network.  The UK government has adopted a “Cloud First” policy, and…