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TheStreet

 •  November 22

No compatible source was found for this media. The holiday shopping season is primetime for hackers who are prepared with their phishing scams and malware to lure unsuspecting shoppers eager for deals via social media and online. The mega deals being offered for Black Friday and Cyber Monday are often fraught with weak security measures, fake...

TheStreet

 •  October 20

No compatible source was found for this media. The increase of hackers infiltrating the networks of companies can inflict serious damage, especially when they are being acquired since the breaches can lower their valuations by a large percentage. The role of cybersecurity insurance can serve as a stopgap measure as fraudsters penetrate systems...

TheStreet

 •  October 17

Alphabet Inc.-owned (GOOGL - Get Report) Google announced Tuesday, Oct. 17, that it will now offer an Advanced Protection Program to give Google Account users at higher risk of hacking attacks the protection they need. Those who might be more likely to be targeted by cyberattacks include journalists and government officials, Google said in a...

TheStreet

 •  September 26

It may not look like it given Equifax's (EFX - Get Report) major hack,, but cyber security is a priority among major companies, according to PwC's Matthew Lieberman. "It's a really high priority for most companies," said Lieberman, referencing a recent PwC survey showing some 90% of CEOs are concerned about hacks. "I think the challenges are that...

TheStreet

 •  September 22

In early 2016, long before the U.S. Securities and Exchange Commission acknowledged this week that it had fallen victim to computer hackers, the agency laid out a plan to fortify its cybersecurity defenses -- by hiring three new employees. At the time, it looked like a modest effort, especially compared with the agency's overall staff of nearly...

TheStreet

 •  September 8

The names, Social Security numbers, birth dates and drivers license numbers of more than 143 million people in the U.S. have been exposed as a result of a cyber attack at credit reporting agency Equifax Inc. ( EFX - Get Report) . Equifax said Thursday, Sept. 7, that criminals gained access to the information through its website in breaches between...

TheStreet

 •  August 16

AP Moller-Maersk (AMKAF) (AMKBF) said a devastating cyber-attack at the end of June likely cost between $200 million and $300 million after its systems shut down. Port terminals ground to a halt and ships were left floating at sea, although the world's largest container shipping line said it remained "in full control of all vessels throughout the...

TheStreet

 •  July 28

Merck & Co Inc (MRK) said the NonPetya global cyber attack in June halted its production and consequently wounded its profits for the rest of the year, Reuters reported. The drug and vaccine maker previously announced it was a victim of the international hacking scheme, but hadn't disclosed the effect on manufacturing until it released second...

TheStreet

 •  July 18

Lloyd's of London analysts said an extreme global cyber attack could cost as much as $121.4 billion in damages, equivalent to the cost of Hurricane Katrina in 2005, Bloomberg reported. In the hypothetical attack, the failure of a widely-used cloud-based service provider would cost about $53 billion. Insurers could process claims anywhere from $620...

TheStreet

 •  July 17

FedEx Corp. (FDX) announced that it expects to see a material financial impact from the 'Petya' cyber attack that crippled the computer systems of its European arm TNT Express, which FedEx acquired in May 2016. The company made the announcement in its SEC 10K filing. FedEx said that all of its other computer operations were unaffected by the virus....