Cyber threats

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Consumers willing to pay more for automatic travel insurance as cyber threats disrupt airports
Yahoo Finance· 2025-09-23 14:22
Group 1: Consumer Insights - Nearly half (45.7%) of UK consumers are willing to pay more for a travel insurance policy that pays out automatically [2] - Among those willing to pay more, 24.7% would accept an increase of up to 5%, and 14.1% would pay up to 10% more [2] - In contrast, 37.5% of consumers are not willing to pay extra, while 16.8% are unsure [2] Group 2: Cyber Attack Impact - Major airports, including Heathrow, Dublin, and Brussels, are experiencing significant disruptions due to a recent cyber attack, resulting in flight cancellations and delays [4] - The attack has forced staff to rely on handwritten tags and manual redeployments, highlighting vulnerabilities in airport operations [4] Group 3: Insurance Market Trends - The cyber attack emphasizes the growing need for parametric travel insurance, which offers automatic payouts for predefined events like delays or cancellations [4] - GlobalData's 2025 UK Commercial Insurance Broker Survey indicates that 53.6% of brokers see cyber insurance as a product with the greatest growth potential, driven by rising demand from businesses [5] - Insurers are encouraged to promote parametric travel insurance and position cyber insurance as both financial protection and a preventative tool for businesses [6]
Geopolitics, cyber threats, and tariffs are top concerns for CEOs: The Conference Board's Q3 survey
CNBC Television· 2025-08-08 19:50
CEO Confidence & Economic Outlook - CEO confidence rebounded to roughly neutral, climbing 15 points to 49 from a low of 34 last quarter, following tariff announcements and tax bill resolution [3] - Geopolitics is the number one issue for CEOs, followed by cyber risks, with tariffs slipping to number three [5] - Despite clarity on tariffs, concerns remain about higher costs and potential impact on bottom lines for retailers [6] - Companies are negotiating within the supply chain to spread tariff costs, with some costs potentially passed on to consumers [7] - Unemployment remains low at 42%, and CEOs are not planning significant layoffs [9] Strategies for Cost Management - Companies are exploring AI as a potential boost for productivity to offset cost increases [10] - Negotiations and some price increases are being implemented to address cost differences [10] Trade & Tariffs - Increased clarity on trade, with some frameworks established with major trading partners, has contributed to improved CEO confidence [3] - CEOs are reacting to the expectation of ongoing tariffs and potential trade deals [8]
Gen Threat Report Unmasks Surge in PharmaFraud Scams and the Evolving Face of Cybercrime in an AI-Powered World
Prnewswire· 2025-07-30 13:00
Core Insights - The Q2/2025 Gen Threat Report highlights a significant rise in cyber threats, particularly those utilizing AI, with a focus on fake pharmacies and ransomware [1][2][3] Cyber Threat Trends - There has been a 21% increase in data breaches, with nearly 16% more breached emails reported [7] - Financial scams surged by 340% from April to June 2025, with many linked to deceptive ads on Facebook [6][7] - Sextortion scams doubled, indicating a growing trend in personal-targeted cybercrime [1][7] - Tech support scams on Facebook accounted for 14% of all blocked threats, driven by fake help pages [7] PharmaFraud Operations - Gen researchers identified over 5,000 fraudulent online pharmacy websites, collectively referred to as "PharmaFraud," which have been responsible for 1 million blocked attacks [3][4] - These scams employ tactics such as malicious code injection, manipulated search results, and AI-generated content to appear legitimate [4] Ransomware Developments - Gen uncovered a critical flaw in FunkSec, the first known AI-assisted ransomware, allowing victims to recover files without payment through a free decryptor [5] Emerging Threats - There was a 317% increase in malicious push notifications, often disguised as legitimate alerts [7] - Remote access attacks rose by 62%, particularly involving the Wincir RAT and cloud service abuses [12] Company Initiatives - Gen offers various protective solutions, including Norton Genie and Scam Guardian, to help users avoid falling victim to these scams [8]