Article archive

Cyber attack cost us millions in lost revenues, Irish company reveals

23/01/2015 13:15
Loyaltybuild's managing director confirmed yesterday that a "very sophisticated cyber attack" cost the firm millions of euro in lost revenues in 2013. Richard Hadfield was commenting on new accounts that show that Loyaltybuild's pre-tax profits fell 69pc to €1.3m in 2013 in spite of the company's...

150M passenger cars will be connected to the Internet by 2020 By Lucas Mearian

21/01/2015 08:45
Time for car companies to team up with Apple, Google and Samsung on in-vehicle interface tech In just five years, most cars and trucks will be connected to the Internet, according to a report from Gartner Inc. By 2020, about 150 million vehicles will be connected via Wi-Fi, and 60% to 75% of...

France sees 19,000 cyberattacks since terror rampage by Jamey Keaten and Sylvie Corbet

18/01/2015 22:16
PARIS (AP) — Hackers have targeted about 19,000 French websites since a rampage by Islamic extremists left 20 dead last week, a top French cyberdefense official said Thursday as the president tried to calm the nation's inflamed religious tensions. France is on edge since last week's attacks, which...

BMW declines the request to shares the connected car data to the third parties

17/01/2015 09:47
BMW says “NO THANKS” to the 3rd parties who ask to share the connected car data that the car maker collects from its drivers. In the North American International Auto Show (NAIAS) this year, it is revealed that technology companies and advertisers are putting pressure on car makers to...

The board of directors’ role in information security and privacy by Daimon Geopfert

17/01/2015 07:23
The role of the board of directors has shifted as information technology (IT) systems consume critical processes and data and encounter more risk. Traditionally, the board manages financial risks and business strategy, but its role must expand as IT security and privacy concerns impact those...

Demand for cyber insurance skyrockets by Cory Bennett

17/01/2015 07:16
Demand for cybersecurity insurance is booming as a string of high-profile hacks and data breaches spurs explosive growth in what has suddenly become a $2 billion industry. The recent cyberattack on Sony Pictures Entertainment, which brought losses and public embarrassment to the company, has only...

So you've been hacked - what now? by Chloe Green

15/01/2015 06:52
Organisations need to start assuming they will be hacked, and responding accordingly. In 2011 the government claimed that cyber crime costs the UK economy £27 billion a year. It’s doing serious damage to both the public and private sectors. CEOs and the rest of the board shouldn’t be asking ‘will...

Here’s how insurance will respond to the Sony cyber hack by Insurance Business

15/01/2015 06:40
The Sony Pictures cyber attack of seven weeks ago represented a game-changer in the recent string of data breaches that have plagued high-profile companies like Target, Home Depot and Dairy Queen. With repercussions ranging from entertainment industry rumors to potential matters of national...

Internet of Things: A game changer for insurance by Binod Jha

11/01/2015 08:46
~ This article is co-authored by Binod Jha, Global Product Manager for Insurance Solutions at SAS, and Amol Kokane, Senior Development Manager for Insurance & Risk Management Solutions at SAS ~ How might insurance policies change if sensor data could be automatically transmitted...

New data privacy law could be delayed until 2016 by Tim Ring

11/01/2015 08:44
Objections from the UK could delay implementation of a new data protection bill until 2016 New data privacy law could be delayed until 2016 Europe's long-awaited new data protection law - which would protect people's privacy but could also cost British businesses millions in fines – may be...
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