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Industry News: ESG5

Pension Funds Falling Short on Cybersecurity, Regulator Warns

2019-04-01

IPE:  The risk of data security incidents is increasing as pension funds insufficiently factor cybersecurity into their risk assessments, Dutch pensions supervisor De Nederlandsche Bank (DNB) has warned. In its annual security monitor, the regulator said that financial institutions, including pension funds, insufficiently evaluated their risk management in this area, or failed to anticipate developments in data security...

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Aluminium Firm Cyber-attack Cost at Least £25.6m

2019-03-27

BBC: A cyber-attack on a Norwegian aluminium company has cost it at least 300 million Norwegian kroner (£25.6m). Hydro, which employs 35,000 people in 40 countries, was hit by malware last week. The company said it was slowly bringing affected systems back online but the "preliminary" cost of the incident had been about 300-350 million kroner. Most of those losses had been in its Extruded Solutions division, which makes aluminium facades, Hydro said...

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Ukrainian Man Faces up to 6 Years in Jail for Cryptojacking on his own Websites

2019-03-27

Cointelegraph: Ukraine’s Cyber Police have arrested a man who allegedly placed crypto mining malware scripts on his own websites, local law enforcement reported on March 26. The cyber crime unit of the national police of Ukraine arrested a 32-year-old man from the Bukovina region who allegedly placed cryptojacking software on a number of educational websites that he created and administered. The unspecified websites and internet resources had 1.5 million monthly visitors, the police reported...

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EU to Pool and Network its Cybersecurity Expertise – Council Agrees its Position on Cybersecurity Centres

2019-03-13

EuropeanUnion: The EU is stepping up its capacity to protect Europe against ever-increasing cyber threats by creating a new structure to pool and network its expertise in cybersecurity research, technology and industrial development. Today, the Council's Permanent Representatives Committee granted the Romanian presidency a mandate to start talks with the European Parliament on establishing a top knowledge base for cybersecurity called the European Cybersecurity Industrial...

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