SECURITY Archive

Cyber insurance premiums rocket after high-profile attacks

A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived to be a high risk scrambling for cover. On top of rate hikes, insurers are raising deductibles and in some cases limiting the amount of coverage [&hellip

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Ryanair got its $5 million back from Chinese hackers

For the cost-conscious Ryanair, recovering almost $5 million (£3.25 million) stolen by Chinese hackers must feel great. The company said that the funds, which were lost to a “fraudulent electronic transfer to a Chinese bank in April,” have now all been recovered and steps put in place to make sure it can’t happen again. Read [&hellip

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43% of U.S. homes are at high risk of natural disaster

Four hurricanes are currently brewing in the Pacific and Atlantic. Wildfires have ravaged more than 8 million acres in the U.S. in 2015 alone. And in just the first two weeks of May this year, nearly 150 tornadoes touched down in the U.S. Many American homeowners might still be surprised at the risk their home [&hellip

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The Margin: Here’s why Elon Musk fears the ‘robocalypse’

The comment seems to have been made at least partly in jest, but Elon Musk has been very clear in the past that the dangers posed by artificial intelligence are no laughing matter. So why not killer robots? “And people wonder why I’m worried about the robocalypse…” Musk wrote in this Instagram post over the [&hellip

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