Category: cyber liability insurance
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Singapore Ranked No. 6 On Exposed Databases
According to a recent survey carried out by cybersecurity firm IB-Group, it was found that Singapore ranked number 6 globally for having the most databases exposed to the Web in 2021 that hackers could breach and exploit, despite Singapore being such a small nation compared to many others. It was estimated that Singapore had 1239…
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Cyber Breaches
Cyber breaches continue to occur around the world, with companies big and small being targeted by criminals and hackers, who then either sell the data on the web for money or attempt to get ransoms from the company. Recently, Singtel-owned Optus was the target of a massive data breach, with more than 10 million customers’…
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Razer vs CapGemini
The ongoing court case between Razer, a gaming company, and CapGemini, a IT services company, was concluded recently. Razer was awarded a total of US$6.5million in damages by the High Court. Shipping information and order details of thousands of customers were leaked in a cyber security breach in Sep 2020. The damages awarded largely came…
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Cyber Updates
2023 thus far is a continuation of the previous years where cyber breaches continue to be rampant, with companies big and small falling prey to these criminals. In April, Australia’s IPH suffered a data breach on a limited set of data, after data originating from their member firm was downloaded by an unauthorized third party.…