Comments
Russian Hack Attack on Banks: Is This the Big One?
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Byurcan
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Byurcan,
User Rank: Author
9/3/2014 | 9:00:44 AM
Re: Cyberattacks
It's true that the media only gets wind of a small percentage of the overall cyber attacks that happen.
KBurger
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KBurger,
User Rank: Author
8/31/2014 | 3:47:04 PM
Re: Cyberattacks
I wish I could take credit for having psychic powers, but it's just common sense.
Becca L
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Becca L,
User Rank: Author
8/31/2014 | 12:56:41 PM
Re: Cyberattacks
Dr. John Bates made a list of predictions for the financial markets on WS&T and within a month saw nearly all of them fulfilled. Kathy, watch your words, UBM Tech community members are displaying a disturbing fortune telling talents...

You make a good point, and I am sure insurance security teams are paying close attention and getting involved in these reinforcement conversations.

 
Becca L
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Becca L,
User Rank: Author
8/31/2014 | 12:56:39 PM
Re: Cyberattacks
Dr. John Bates made a list of predictions for the financial markets on WS&T and within a month saw nearly all of them fulfilled. Kathy, watch your words, UBM Tech community members are displaying a disturbing fortune telling talents...

You make a good point, and I am sure insurance security teams are paying close attention and getting involved in these reinforcement conversations.

 
Becca L
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Becca L,
User Rank: Author
8/31/2014 | 12:48:30 PM
Re: Cyberattacks
Great point. I think, on the heels of this "big one," the media will be sniffing around for the next attack to report on, even a minor one that would usually go unmentioned. It will be an interesting next few months.
Kelly22
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Kelly22,
User Rank: Author
8/29/2014 | 12:28:42 PM
Re: Cyberattacks
That is scary, but also a great point. Insurers should take note of banks building their defense against cyberattacks and follow suit. 
KBurger
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KBurger,
User Rank: Author
8/29/2014 | 9:40:49 AM
Re: Cyberattacks
You'll be even more scared when you consider that insurance companies probably are next in line for cyber attacks. As the banking industry reinforces its defenses, the fraudsters are likely to look for the next "easy" financial services target. Insurers should be taking these development very seriously.
Kelly22
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Kelly22,
User Rank: Author
8/29/2014 | 9:38:19 AM
Re: Cyberattacks
That's a scary question to think about. Given the magnitude of the breaches that have been in the news, I'd be terrified to learn that they're hiding even larger ones. 
KBurger
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KBurger,
User Rank: Author
8/28/2014 | 1:00:04 PM
Re: Cyberattacks
Right, it makes you wonder: are the attacks that get reported/covered in the media the really bad ones, or are the attacks we never hear about even worse?
Byurcan
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Byurcan,
User Rank: Author
8/28/2014 | 12:57:53 PM
Cyberattacks
I remember going to an Ernst & Young summit on cybersecurity in the last couple of years, and one of the security experts said only a fraction of the attacks on banks are actually reported in the news media. They're pretty much being targeted every second of the day, at least the big ones. So this is an issue that will not be going away anytime soon.


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