US Treasury targets anonymity technologies

The US Treasury has increased efforts to target anonymity technologies, such as those used in the virtual asset sector.

In August, the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned virtual currency mixer Tornado Cash. It said the service Read more

Hackers exploiting poor software service connections

Hackers are increasingly exploiting poor software service connections between IT platforms and businesses, according to an IT security report.

In particular, businesses often ignore the way their systems are configured with software as a service providers. In the Read more

Businesses fail to protect against ransomware attacks

Many businesses fail to protect themselves against ransomware attacks, according to a recent survey by SpyCloud.

Ransomware attacks hit 72 per cent of respondents during the past 12 months. But 13 per cent said they had been attacked Read more

Cyber threats top risk poll

Risk managers have voted cyber threats as the top danger their organisations face in the 2020 Allianz Risk Barometer. This year’s poll saw 39% of the 2,700 participants choosing cyber-risk as their biggest risk compared to only 6 Read more

Morrisons data breach threatens vicarious liability

In October, the Court of Appeal found Morrisons Supermarkets vicariously liable for a data breach caused by the actions of a disgruntled employee. It is the first successful UK class action of its kind and, if it continues to Read more

Venturing onto the darknet

With cybercrime one of the biggest threats faced by businesses today, risk professionals may see accessing the darknet as ‘putting your head in the lion’s mouth’, but a new report from tech association ISACA says that’s exactly what legitimate Read more

Get the board on board with cyber risk

At least half of senior executives are apprehensive about falling victim to cyber incidents, with 62 per cent especially wary of a virus or worm attack, according to a recent survey of more than 500 senior executives worldwide by global risk Read more