Cyber

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X @Investopedia
Investopedia· 2025-07-03 12:30
Qantas Airways said a cybersecurity incident at one of its call centers exposed 6 million customer records, the second carrier in as many weeks to be the subject of a cyberattack. https://t.co/VY5hJZogGu ...
X @Bloomberg
Bloomberg· 2025-07-03 12:26
Zurich Insurance Group AG agreed to buy BOXX Insurance Inc, a Canadian cyber risk management firm, marking the Swiss insurer’s latest push into the insurance technology sector. https://t.co/dmKeGIrwrE ...
PENSKE AUTOMOTIVE GROUP COMPLETES ACQUISITION OF FERRARI DEALERSHIP IN NORTHERN ITALY
Prnewswire· 2025-07-03 10:59
Core Insights - Penske Automotive Group has acquired a Ferrari dealership in Modena, Italy, enhancing its luxury brand presence in the region to 29 automotive retail locations [1][2] - The new dealership is expected to generate annualized revenue of approximately $40 million [1] Company Overview - Penske Automotive Group, Inc. is a diversified international transportation services company with operations in eight countries and across four continents [2] - The company operates dealerships in various countries including the United States, United Kingdom, Canada, Germany, Italy, Japan, and Australia, and is a major retailer of commercial trucks in North America [2] - Penske Automotive employs over 28,700 people globally and holds a 28.9% stake in Penske Transportation Solutions, which manages a large fleet of over 428,000 trucks, tractors, and trailers [2]
Analyst Dan Ives predicts a 15% rally for this cybersecurity stock
Finbold· 2025-07-03 09:53
Dan Ives of Wedbush, known for his bullish tech takes, just raised his price target on CrowdStrike Holdings (NASDAQ: CRWD) to $575. The upgrade comes amid an impressive 2025 performance. CrowdStrike stock is up 42.83% year-to-date, currently trading at $496.10 after a 0.82% rise in Wednesday’s session. The new $575 target represents 15.9% upside from current levels, reflecting what the Wedbush analyst described as “increased momentum in the field around its cyber platform approach.”CrowdStrike price predict ...
New Willis survey highlights changing global trends in cyber risk strategy for directors and officers
Globenewswire· 2025-07-03 08:00
Core Insights - Data loss and cyber-attacks are identified as two of the top three risks to directors and officers according to the Cyber Directors' and Officers' Survey Report by Willis [1][2] Group 1: Survey Overview - The survey included responses from various sectors, with the services sector representing 24% and finance and insurance 19%, predominantly from for-profit, private companies [2][4] - Great Britain identified cyber-attacks (excluding cyber extortion) as the top risk, while North America and the Middle East ranked data loss as their primary concern [2] Group 2: Risk Perception Changes - Despite increased awareness of cyber-attacks, the risk ranking for cyber-attacks decreased by 2% from 2024 to 2025 [3] - Adrian Ruiz emphasized the importance of a strong cyber security culture and proactive strategies to manage evolving threats [3] Group 3: Cybersecurity Practices - The frequency of board updates on cyber security improved, with only 12% updating in response to incidents, down from 20% in the previous year [6] - Monthly updates to boards increased from 18% to 28% between 2024 and 2025 [6] - 80% of respondents have implemented a cyber incident response plan, with over two-thirds having conducted an incident response exercise in the past year [6] Group 4: Preparedness and Budgeting - 65% of respondents feel well prepared to manage a cyber incident, an increase from 56% in 2024 [6] - Cyber security budgets are expected to increase in 2025, but at a lower rate than in 2024 (56% vs. 63%) [6] Group 5: Cyber Insurance - Cybersecurity risks are considered the most important aspect of directors' and officers' liability insurance coverage, with 53% of respondents having cyber insurance and 18% planning to purchase it within the next two years [6]