Financial Tribune

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Financial Tribune

 •  December 4

The Chinese president says cyber sovereignty is the idea that states should be permitted to manage and contain their own internet without external interference C hinese President Xi Jinping said on Sunday the country will not close its door to the global internet, but that cyber sovereignty is key in its vision of internet development. Xi’s...

Financial Tribune

 •  November 12

I ran was ranked 118th among 130 countries and territories in the 2017 FM Global Resilience Index report, scoring 18.7. The ranking shows a one-notch improvement compared to last year's report, FMGlobal.com reported. The scores are bounded on a scale of 0 to 100. A score of 100 does not imply a perfect score, but rather, that the territory ranks...

Financial Tribune

 •  October 8

U S President Donald Trump will announce responses to Iran's missile tests, alleged support for "terrorism" and cyber operations as part of his new Iran strategy, the White House said on Friday. "The president isn't looking at one piece of this. He's looking at all of the bad behavior of Iran," claimed Sarah Huckabee Sanders, the White House press...

Financial Tribune

 •  October 2

T he fifth edition of Europol-Interpol Cybercrime Conference was held at Europol headquarters in The Hague from September 27 to 29. A representative from Iran attended. Under the theme “Actively United for a Safer Cyber Space”, the three-day event brought together senior law enforcement officials from cybercrime divisions from around the world to...

Financial Tribune

 •  September 17

F oreign ministers of the signatories to the Iran nuclear accord will meet next week on the sidelines of the UN General Assembly in New York to discuss Tehran's grievances about the US hostile approach toward the historic deal. This is the second time after the pact's conclusion in July 2015 that Iran and the six parties, namely Britain, France,...

Financial Tribune

 •  September 11

E quifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the coverage. The company holds a policy that would probably cover about $100 million to $150 million, with costs shared by carriers in the London market...

Financial Tribune

 •  September 10

At least two class-action lawsuits on behalf of consumers were filed following the disclosure claiming Equifax failed to adequately protect important data. Equifax “should have been better prepared for any attempt to penetrate its systems,” said attorney I t could be the worst-ever data breach for American consumers, exposing some of the most...

Financial Tribune

 •  August 30

S mall companies risk going out of business because of the threat from cyber attacks in Scotland, experts have warned. Earlier this summer organizations and businesses in the Highlands lost around £2.5 million ($3.24 million) to online scammers, according to police. The Highland Hospice in Inverness lost a six-figure sum. It has been confirmed that...

Financial Tribune

 •  July 30

Drug and vaccine maker Merck & Co. Inc. said it suffered a worldwide disruption of its operations when it was the victim of an international cyber attack in June, halting production of its drugs, which will hurt its profits for the rest of the year. The company said it does not yet understand the full magnitude of the impact as it is in the process...

Financial Tribune

 •  July 18

Lloyd’s of London has warned that a serious cyber attack could cost the global economy more than $120 billion–as much as catastrophic natural disasters such as Hurricanes Katrina and Sandy in the US. Damages caused by Katrina alone amounted to $108 billion. Published two months after a ransomware cyber attack that hobbled NHS hospitals and hit...