Insurance and underwriting firm Hiscox recently established in their new report called “Cyber Readiness” that as high as 73% of organizations are still ill-equipped to prevent cyber attacks. Based on the answers of decision makers in 4,100 organisations from UK, USA, Germany, the Netherlands, and Spain, it was shown that a...

Last Monday, Singapore deputy prime minister Tharman Shanmugaratnam said that the government had no plans of banning cryptocurrencies in its future regulatory plans. In response to questions by several MPs, the minister of the Monetary Authority of Singapore (MAS) confirmed that while they will be advising citizens of the risks involved...

Last Monday, a bill intended to reinforce the protection of computer systems that provide essential services against cyber-attacks was passed in the Singaporean Parliament. The Cybersecurity Bill will require owners of such systems, called Critical Information Infrastructure (CII), to report cybersecurity breaches, among other statutory obligations. CII owners who do not comply...

Last Monday, Apple Inc., Cisco Systems Inc, Allianz SE, and insurance broker Aon Plc., announced that they will be teaming up to provide discounts on cyber insurance to companies who use hardware from both companies. According to Jason Hogg of Aon Cyber Solutions, the offering will help businesses streamline their cyber...

Several banks in the US and UK have banned their clients from investing in cryptocurrencies using their credit cards. Lloyds Banking Group Plc (LLOY.L) and Virgin Money (VM.L) issued an official statement on the matter earlier this week and said that they are protecting their customers from potentially racking up...