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The U.K.'s National Cyber Security Centre said that nearly half of local manufacturing companies suffered a supply chain-related cyber attack in 2017, Information Age reported. A report from U.S.-based Verizon Communications Inc. found that phishing caused 93% of data breaches mostly due to employee carelessness. The average cost of a data breach totaled $3.6 million however organizations that deliver tangible products and services were at risk of higher losses.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees