}

Millions stolen in May hack attack

NEW YORK (CNNMoney) — Citigroup acknowledged that a hack attack last month stole millions of dollars from customers’ credit card accounts. Citigroup (C, Fortune 500) told CNN that about $2.7 million was stolen from about 3,400 accounts on May 10. The...

The Hidden Cost of Cybercrime

(CNN)  — A few years ago a disgruntled employee for a large multinational automotive firm left the company — but when he walked out the door, he also walked out with plans for a new car model under development on a cheap USB drive. When the plans were...

Is Cyber Security Covered?

LONDON – America’s new cyber czar said Wednesday that international law and cooperation — not another treaty — was enough to tackle cybersecurity issues for now. Christopher Painter, coordinator for cyber issues for the State Department, declined to comment on a...

How at Risk is Your Company?

It is becoming increasing clear that most companies need some type of cyber liability coverage. But what type should you get? What liabilities do you need to be covered for? Here is a brief overview of the types of coverage a cyber insurance policy may include: 1....

Forewarnings from a Cybercrime Expert

One future for healthcare records shows each person with their medical records dangling from their key ring on a tiny USB stick. Or worse, everyone’s records kept in a giant database accessible through the Internet. Gary Warner, Director of Research in Computer...