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Corporate News 14 May 2017 | 10:36 AM Premium

Businesses brace for Monday as ransomware threat lingers

SINGAPORE/TORONTO: Technical staff scrambled on Sunday to patch computers and restore infected ones, amid fears that the ransomware worm that stopped car factories, hospitals, shops and schools could wreak fresh havoc on Monday when employees log back on.

Banking 17 May 2017 | 9:27 AM Premium

ATM, online banking safe from ransomware attacks - ABM

KUALA LUMPUR: The electronic messages on disruption of online/Internet banking and automated teller machine (ATM) services, possibly due to ransomware attacks, that have been circulating via social media are not true, said the Association of Banks in Malaysia (ABM).

Corporate News 28 Jun 2017 | 7:00 AM Premium

Cyber attack sweeps globe, researchers see ‘WannaCry’ link

MOSCOW: A major global cyber attack disrupted computers at Russia’s biggest oil company, Ukrainian banks and multinational firms with a virus similar to the ransomware that infected more than 300,000 computers last month.

Business 16 May 2017 | 4:36 AM Premium

Fitch sees insurance for cyber coverage surging to US$14b

CHICAGO/ LONDON: US insurers wrote approximately US$1.3bil in cyber coverage in 2016, and this market could grow more than tenfold to US$14bil by 2022, according to Fitch Ratings.

Business 18 Jul 2017 | 12:00 AM Premium

Crest: Malaysian companies must take cyber security seriously

PETALING JAYA: Companies in Malaysia must take cyber security seriously amid new threats including the latest WannaCry ransomware, according to Crest Malaysian chapter chairman Mohammed Fadzil Haron.

Business 14 Jun 2017 | 12:00 AM Premium

Orange seeks cybersecurity M&A to profit from Wannacry threat

PARIS: Orange SA is seeking more acquisitions in cybersecurity to bolster its technology-services offerings and capitalise on a surge in interest from corporate clients after a global ransomware attack last month.

Banking 17 May 2017 | 3:03 AM Premium

All about bitcoin, the mysterious digital currency

NEW YORK: As the hackers behind the global ransomware attack demand payment in bitcoin, here is a look at the basics behind the electronic currency.