NotPetya
Mondelez files $100m claim from Zurich Insurance for NotPetya Cyber Attack
Mondelez, the American Food, Confectionary, and Beverage Company has threatened Switzerland based Zurich Insurance with a lawsuit to pay the $100m penalty for refusing its claim for the damage caused by the NotPetya Cyber Attack. As insurance companies are tightening the rules related to the liability claims, this lawsuit will stand tall as a first […]
Cyber Attack on COSCO
COSCO US, a shipping agency having its headquarters in Shanghai, China is reported to have been hit by a cyber attack on Tuesday this week. The company has issued a press statement to its customers which confirmed an attack on its digital assets affecting the ocean water carrier’s communication in the American region only. COSCO […]
Cyber Attack hits Maersk Group again
Maersk has made it official that its business subsidiary operating in Australia was hit by a second cyber attack early this month. Security analysts at Svitzer Australia have discovered that the email system of the company was under the control of hackers from past 10 months before the hack was discovered on March 1st this […]
Russia shrugs off White House Sanctions imposed in retaliation to its CyberAttack
Trump Administration on Thursday imposed sanctions on Russia for meddling in US 2016 Polls and for launching destructive cyber attack campaigns on Yahoo and attempted cyber attacks against the US Electrical Grid. Singling out Russia’s role in the NotPetya attack, a malware in disguise of ransomware, but capable of wiping out the encrypted data; the […]
Vladimir Putin led Russian Military was behind NotPetya Ransomware attack!
The year 2017 witnessed two variants of Ransomware attacks on private and public entities operating across the world. First, it was the much talked WannaCry Ransomware which disrupted almost 300,000 computers working across 150 countries in May’17. And the second was NotPetya ransomware attack which struck mostly the businesses operating in Ukraine and Europe in […]
Cyber Attack creates a shortage of Cat Food in the UK!
Britain is said to facing a crisis of cat food shortage due to a cyber attack targeting one of its biggest suppliers named Royal Canin. And per the sources reporting to Cybersecurity Insiders, the attack is said to affect the supply till the end of next month as the company hopes to full fill orders […]
Cyber Attack makes Maersk incur $300 million loss!
The NotPetya ransomware attack which took place on container shipping firm AP Moller Maersk has left the company in a loss of $300 million. The attack which took place on June 27th, 2017 made the firm miss its business volumes by a large margin impacting its Q3 financial results. Soren Skou the CEO of Maersk […]
These are the biggest ransomware attacks in last 5 years
Ransomware has become a nightmare to companies to whom data means lifeblood. And over the years, the said malware variant has grown from a mere curiosity filled with annoyance to a major crisis deeply entwined with top secret spy agencies and international intrigue. So, to enlighten our readers on the story of ransomware as it’s […]
Next Wannacry and Petya Ransomware Cyber attack could cost insurers $2.5 Billion
Ransomware attack dubbed as ‘Wannacry’ which hit more than 250,000 computers across 150 countries in May this year did not cost much to cyber crime insurers when the claims ratio is taken into account. But CFC Underwriting estimates that another attack of Wanna cry or Petya or a combination of both can cost cyber insurers […]
