MAKinsure

Category: cyber liability insurance

  • Cyber Updates

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    Dickson Tan
    in

    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.…

  • Razer vs CapGemini

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    Dickson Tan
    in

    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…

  • Cyber Breaches

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    Dickson Tan
    in

    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’…

  • Singapore Ranked No. 6 On Exposed Databases

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    Dickson Tan
    in

    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…

  • Log4J Advisory From CSA

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    Dickson
    in

    In a follow-up to the previous post, the “Log4j” software flaw has taken on renewed urgency and importance with the Cyber Security Agency of Singapore (CSA) upgrading the alert level, as well as holding emergency meetings with all government agencies which oversee Singapore’s 11 critical information infrastructure (CII) sectors. In addition, the agency has urged…

  • Software Flaw

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    Dickson
    in

    Over the weekend, companies and governments around the world found themselves vulnerable to malicious actors and are racing to fix a software flaw, that if left unchecked, allows hackers full access to web servers without the need for a password. This means that everyone and anyone is able to access networks and servers where they…

  • Reddoorz Data Breach

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    Dickson
    in ,

    Reddoorz was fined $74,000 by the Personal Data Protection Commission (PDPC) for the massive data breach of 5.9 million customer data records in 2020. Data such as customer’s name, date of birth, contact number, email address and so on were compromised during the breach.  The explanation given by Reddoorz that it failed to manage its…