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☆ Companies without cyber insurance could be making a costly mistake
▼ + stars: | 2024-09-19 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +7 min

Many companies don't have cyber insurance because of costs, but the market is growing. Cyber insurance can help companies recover financially from cyberattacks and data breaches. But one way leaders can minimize the impact of losses from a cybersecurity incident is by getting cyber insurance. One reason is the cost: The Cyber Readiness Institute estimates that cyber insurance can cost businesses $500 to $5,000 a year. What cyber insurance does and doesn't coverMany policies offer first- and third-party coverage, and most companies need both, Engstrom said.

Persons: —, Shruti Engstrom, Engstrom, Josephine Wolff, Wolff, it's, Stephen Boyer, Boyer Organizations: Service, IBM, Tufts University, Insurance, Federal Trade Commission, Companies Locations: cyberattacks

☆ U.S. sounds alarm as thousands in Georgia's capital protest 'Kremlin-style' foreign influence bill
▼ + stars: | 2024-05-13 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Police Force attend a protest against the foreign agents law as two Americans and one Russian citizen are among 20 detained on May 13, 2024 in Tbilisi, Georgia. Thousands of people took to the streets of Georgia's capital on Monday as part of a last-ditch attempt to prevent the country's government from passing a controversial "Kremlin-style" law on foreign influence. Georgia's Interior Ministry said Monday that two American citizens and one Russian national were among 20 people detained at the rally. Separately, Georgia's Special Investigation Service said it had launched a probe into the alleged used of "excessive force" by law enforcement officers against protesters. Russia, which occupies about 20% of Georgia's internationally recognized territory, has used similar legislation to crack down on independent news media and activists critical of the Kremlin.

Organizations: Police Force, Investigation Service, Security, Kremlin Locations: Tbilisi , Georgia, Georgia's, Tbilisi, Russia

☆ Former US Marine pilot arrested in Australia worked with Chinese hacker unknowingly, lawyer says
▼ + stars: | 2024-05-12 | by ( ) edition.cnn.com time to read: +3 min

CNN —A former US Marine pilot fighting extradition from Australia on US charges of training Chinese military pilots to land on aircraft carriers, unknowingly worked with a Chinese hacker, his lawyer said. The lawyer’s filing supports Reuters reporting linking Duggan to convicted Chinese defense hacker Su Bin. The case will be heard in a Sydney court this month, two years after his arrest in rural Australia at a time when Britain was warning its former military pilots not to work for China. Su Bin, arrested in Canada in 2014, pleaded guilty in 2016 to theft of US military aircraft designs by hacking major US defense contractors. Duggan asked Su Bin to help source Chinese aircraft parts for his Top Gun tourist flight business in Australia, Collaery wrote.

Persons: CNN —, Daniel Duggan, Duggan, Su Bin, Bernard Collaery, Mark Dreyfus, Collaery, Su Bin “, ”, AVIC, “, Mr Duggan Organizations: CNN, US Marine, Reuters, Gun, Australian Security Intelligence Organisation, US, AVIC, ASIO, US Navy Criminal Investigation Service, United Locations: Australia, Australian, Beijing, Sydney, Britain, China, Canada, United States, Australia’s Tasmania, backdated

☆ Andrew Tate detained in Romania over UK sex offense charges
▼ + stars: | 2024-03-12 | by ( Martin Goillandeau | Amy Croffey | ) edition.cnn.com time to read: +1 min

CNN —Controversial internet influencer Andrew Tate and his brother Tristan have been detained in Romania on Monday over UK sex offense charges, Romanian police said on Tuesday. Tate’s spokesperson Mateea Petrescu said in a statement Tuesday: “This bewildering revival of decade-old accusations has left the Tate brothers dismayed and deeply troubled. “They categorically reject all charges and express profound disappointment that such serious allegations are being resurrected without substantial new evidence,” Petrescu said. Tate and his brother spent three months in police custody in Bucharest last year and were then placed under house arrest pending a criminal investigation for alleged abuses committed against seven women, accusations they have denied. The two are awaiting trial in the country on separate charges of human trafficking, rape and forming a criminal group to sexually exploit women.

Persons: Andrew Tate, Tristan, Voluntari “, Mateea Petrescu, Tate, “, ” Petrescu Organizations: CNN, Criminal Investigation Service, Bucharest Police Headquarters Locations: Romania, Great Britain, Bucharest, Ilfov

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ Bernie Ecclestone: Ex-F1 boss spared jail after admitting tax fraud
▼ + stars: | 2023-10-12 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Reuters —Ex-Formula One boss Bernie Ecclestone was spared an immediate prison sentence on Thursday after he pleaded guilty to misleading Britain’s tax authority about overseas assets worth more than 400 million pounds ($492 million). Ecclestone has also agreed a civil settlement with HM Revenue and Customs (HMRC), under which he will pay 652.6 million pounds covering tax, interest and penalties for 18 tax years between 1994 and 2022, prosecutor Richard Wright said. The 92-year-old appeared at London’s Southwark Crown Court and pleaded guilty to one count of fraud by false representation, just over a month before he was due to stand trial. Belinda Jiao/ReutersJudge Simon Bryan gave Ecclestone a 17-month prison sentence suspended for two years, meaning he will only go to jail if he commits another criminal offense during that time. His lawyer Montgomery had noted at a previous hearing in January that Ecclestone was charged shortly after he made “unpopular” comments about Russian President Vladimir Putin.

Persons: Reuters —, Bernie Ecclestone, Ecclestone, Richard Wright, Belinda Jiao, Simon Bryan, Clare Montgomery, Ecclestone “, ” Ecclestone, Andrew Penhale, ” Richard Las, “, Elizabeth Cook, Bryan, Mr Ecclestone, Montgomery, Vladimir Putin Organizations: Reuters, HM Revenue, Customs, Southwark Crown, HMRC, Brabham, Crown Prosecution Service Locations: Southwark, Singapore

☆ Ex-F1 boss Bernie Ecclestone spared jail after admitting tax fraud
▼ + stars: | 2023-10-12 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

Ecclestone has also agreed a civil settlement with HM Revenue and Customs (HMRC), under which he will pay 652.6 million pounds covering tax, interest and penalties for 18 tax years between 1994 and 2022, prosecutor Richard Wright said. The 92-year-old appeared at London's Southwark Crown Court and pleaded guilty to one count of fraud by false representation, just over a month before he was due to stand trial. Ecclestone gave an unintelligible response to reporters as he left the court and got into a waiting Range Rover. Richard Las, chief investigation officer and director of the Fraud Investigation Service at HMRC, said Ecclestone had "lied to HMRC". The decision also states that Ecclestone paid around 250 million pounds in income and capital gains tax to HMRC between 1999 and 2017.

Persons: Bernie Ecclestone, Belinda Jiao, Ecclestone, Richard Wright, Simon Bryan, Clare Montgomery, Andrew Penhale, Richard Las, Bryan, Mr Ecclestone, Montgomery, Vladimir Putin, Sam Tobin, William James, Alex Richardson, Susan Fenton Organizations: Formula, Southwark Crown, HM Revenue, Customs, HMRC, Crown Prosecution Service, Thomson Locations: Southwark, London, Britain, Singapore

LOS ANGELES (AP) — Actor David McCallum, who became a teen heartthrob in the hit series "The Man From U.N.C.L.E." McCallum died Monday of natural causes surrounded by family at New York Presbyterian Hospital, CBS said in a statement. His parents were musicians; his father, also named David, played violin, his mother played cello. When David was 3, the family moved to London, where David Sr. played with the London Philharmonic and Royal Philharmonic. In 2007, when he was working on “NCIS,” McCallum told a reporter: “I’ve always felt the harder I work, the luckier I get.

Persons: David McCallum, McCallum, “ David, ”, James Bond, Ian Fleming, Jon Heitland's “, Robert Vaughn, Napoleon Solo, Illya, “ I’d, ’, Vaughn, Donald “ Ducky, Mark Harmon, Ducky, “, Lauren Holly, Steven D, Binder, David North, Sapphire, “ Amadeus ”, Michael Sheen, David Suchet, ” David Keith McCallum, David, David Sr, Young David, Jill Ireland, Charles Bronson, Bronson, ” McCallum, Katherine, Carpenter, we’ve, Paul, Jason, Valentine, Peter, Sophie, ” Peter McCallum, “ I’ve, ” ___ Bob Thomas Organizations: ANGELES, New York Presbyterian Hospital, CBS, Scottish, United Network Command, Law, Naval Criminal Investigation Service, Navy, Hallmark, of Fame, City, Associated Press, London Philharmonic, Royal Philharmonic, Royal Academy of Music, Royal Academy of Dramatic, Los Angeles Times Locations: New, Russian, Los Angeles, New York, Santa Monica, U.S, American, Glasgow, London, Australia, Ireland, “

☆ The power grid needs repairs. These companies stand to benefit
▼ + stars: | 2023-09-10 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

A budding ecosystem of companies stand to gain as businesses and policymakers grow increasingly focused on improving the electric grid. President Joe Biden committed $95 million to shore up Hawaii's electric grid following the tragedy. Beyond that, Kalton said it's also just good business sense: Utility companies don't want their grids to go down and leave unhappy customers without power. And he said utility companies can grow earnings power by spending capital and increasing their base rate. An ecosystem of companies Beyond physically changing the grid, some companies are making progress elsewhere, said Chanin, whose ETF is up about 18% this year.

Persons: Neil Kalton, Joe Biden, It's, —, Said, Kalton, it's, Steven Fisher, doesn't, Fisher, Andrew Chanin, Chanin, Eaton, Michael Bloom Organizations: NBC News, Electric, UBS, Primoris Services, LSEG, Nvidia Locations: Maui, U.S, Wells Fargo, California , Colorado, Oregon, California, Florida, Texas

☆ No specific concerns for Sports minister as Paris 2024 targeted by investigation, new searches
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

PARIS, June 23 (Reuters) - French sports minister Amelie Oudea Castera says she is not too concerned by the investigations into alleged corruption surrounding the Paris 2024 Olympics, which took a new turn as two top officials were targeted by police searches on Friday. A source with direct knowledge of the matter told Reuters that Paris 2024 director general Etienne Thobois and executive director of Games operations Edouard Donnelly were subject to searches. The source would not specify whether it was their homes that had been searched. On Tuesday, the headquarters of the Paris 2024 Olympics organising committee and those of its infrastructure partner were searched by police as part of investigations into alleged embezzlement of public funds and favouritism, prosecutors said. The national financial prosecutor's office (PNF) said the Paris 2024 headquarters were raided amid a preliminary investigation launched in 2017 into contracts made by the Summer Games' organising committee.

Persons: Amelie Oudea Castera, Etienne Thobois, Edouard Donnelly, Oudea Castera, Julien Pretot, Christian Radnedge Organizations: Reuters, Summer Games, Olympic, Paralympic, Corruption Agency, Sorbonne, Thomson Locations: Paris, SOLIDEO, French, Cour

☆ Spanish police detain 23 for alleged soccer match-fixing in Spain, Andorra and Gibraltar
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +1 min

MADRID, Jan 31 (Reuters) - A group of 23 people, including soccer players, have been arrested as part of a probe into suspected match-fixing in non-professional Spanish, Andorran and Gibraltarian soccer leagues, Spanish police said on Tuesday. "A second layer of the scam comprised soccer players who took advantage of their position to organise the fixing in the teams under their influence," police said. No players were identified, but police said the ring targeted some 30 games in non-professional leagues such as Spain's third division and the local leagues of micro-state Andorra and British enclave Gibraltar. The investigation was carried out in 2021 and 2022 with the help of several organisations, including Spain's football federation RFEF, LaLiga, the Betting Market Global Investigation Service (SIGMA) and European governing body UEFA's Anti-Match-Fixing Unit. ($1 = 0.9246 euros)Reporting by Inti Landauro and Emma Pinedo; Editing by David Latona, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

☆ Air Force ordered to pay more than $230M in Sutherland Springs church shooting
▼ + stars: | 2022-02-08 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

More than two dozen people were killed when Devin Patrick Kelley opened fire during a Sunday service at First Baptist Church of Sutherland Springs. U.S. District Judge Xavier Rodriguez had ruled in July that the Air Force was “60% liable” for the attack because it failed to submit Kelley’s assault conviction during his time in the Air Force to a national database. An Air Force record of the Kelley court-martial says he pleaded guilty to multiple specifications of assault, including striking his wife, choking her with his hands and kicking her. For unspecified reasons, the Air Force did not provide the information about Kelley as required. Messages to the Justice Department, Air Force and the plaintiffs’ legal team were not immediately returned.

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