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A study by Russia-based cyber security firm Kaspersky Lab Z.A.O. found that about one in four banks across the world were hit by distributed denial-of-service attacks in 2016, costing more than $1 billion on average, Sputnik reported. Banks are most likely to face a DDoS attack, the security firm said. Disruptions in the operation of public web services lasted from several hours to several days in 52% of the cases, Kaspersky said.
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