Wedbush’s cybersecurity channel checks with enterprise CISOs revealed higher threat levels leading to “eye-popping” spending and budgets in the field. Growing cyber threats and the enterprises’ cloud and digital shift served as a big boost for the cybersecurity sector, making it a focus sector for tech investors. The cybersecurity industry led by players like Palo Alto…
Wedbush Names Its Favorite Cybersecurity Stocks Gaining From Growing Cyberattacks
Banks Fear Swift Will Be Next Russian Cyberattack Target
The cyber specialists of the big banks have set an alert as concerns brew amongst the big banks over Swift’s vulnerability to Russian cyberattacks, the Financial Times reports. The attacks ended, kicking seven of the country’s lenders off the global payments messaging system. Swift plays a crucial role in global banking, facilitating trillions of dollars…
Toyota to Restart Japan Production After Halt Caused by Cyberattack on Supplier
March 2, 2022
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TOKYO—Toyota Motor Corp. will restart domestic production from Wednesday after a cyberattack on a supplier ground the automaking giant’s factories to a one-day halt, sparking concerns about vulnerability in Japan Inc.’s supply chain. No information was available about who was behind the attack, or the motive. It came just after Japan joined Western allies in…
Satellite Firm Viasat Probes Suspected Cyberattack in Ukraine and Elsewhere
February 28, 2022
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U.S.-listed satellite communications firm Viasat Inc. said on Monday it was investigating a suspected cyberattack that caused a partial outage in its residential broadband services in Ukraine and other European countries. Viasat said a third-party cybersecurity firm was looking into the causes of an outage in recent days across its KA-SAT network, which provides high-speed…
Cyber Insurance Costs Spike 113 Percent in a Year in Australia: Report
Insurance costs have doubled for cybersecurity breaches amid an onslaught of ransomware attacks globally, according to global consultancy AON. The report, Cyber Insurance Market Insights, found that average premiums rose 113 percent from 2020 to 2021, with AON Australia expecting costs to continue to rise in 2022. “Ransomware has been, and will continue to be,…
China Suspected in Hack of Journalists at News Corp.
Digital intruders broke into News Corp. email accounts and compromised the data of an unspecified number of journalists, the company disclosed Friday. The media firm’s internet security adviser said the hack was likely aimed at gathering intelligence for Beijing’s benefit. News Corp., which publishes the Wall Street Journal, said the breach was discovered in late…
Germany: 2 Oil Storage and Supply Firms Hit by Cyberattack
BERLIN—Two companies involved in storing and supplying oil and other materials said Tuesday they have been hit by a cyberattack that has impacted operations in Germany. Oiltanking GmbH Group and Mabanaft Group on Saturday discovered what they called a “cyber incident affecting our IT systems” and launched an investigation together with external specialists, the companies…
Official Says Puerto Rico’s Senate Targeted by Cyberattack
SAN JUAN, Puerto Rico—Puerto Rico’s Senate announced Wednesday that it was the target of a cyberattack that disabled its internet provider, phone system, and official online page, the latest in a string of similar incidents in recent years. Senate President José Luis Dalmau said in a statement that there is no evidence that hackers were…
Federal Government Investigating Cyberattack Amid Tensions With Russia
OTTAWA—Federal cybersecurity agencies confirmed Monday a recent cyberattack against Global Affairs Canada amid escalating tensions over a potential Russian invasion of Ukraine. The federal government is not saying who it suspects was behind the Jan. 19 attack, which has left some diplomats without access to some online services almost a week later. But the attack…
Ukraine Says Russia Behind Cyberattack in ‘Hybrid War’ Move
KYIV, Ukraine—Ukraine said Sunday that Russia was behind a cyberattack that defaced its government websites and alleged that Russia is engaged in an increasing “hybrid war” against its neighbor. The statement from the Ministry of Digital Development came a day after Microsoft said dozens of computer systems at an unspecified number of Ukrainian government agencies…
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