Microsoft Corp. has issued 13,000 alerts about nation-state hacking attempts to its customers in the last two years, with 52% of incidents between July 2019 and June 2020 related to Russian hackers — whose targets have ranged from elections to the Olympics, according to a report published Tuesday. Iran was responsible for a quarter of the alerts while China was responsible for 12%. The remainder of the nation-state activity observed by Microsoft came from North Korea and other countries.

Honda to quit F1 to focus on zero-emission technology

Oct 2, 2020

“This is not a result of the coronavirus pandemic but because of our longer-term carbon-free goal,” Chief Executive Takahiro Hachigo said.Like other automakers, Honda is rushing to build new-energy vehicles in an industry shift that Hachigo on Friday described as “once in a century”. That race is accelerating amid the coronavirus outbreak as carmakers review production plans to capture market share with new models including low or zero-emission vehicles.

Pandemics overtakes climate change as biggest worry for insurers

Oct 2, 2020

COVID-19 is proving to be a major challenge for insurers, especially those that provide cover for canceled events such as sports matches and concerts. Disputes over coverage have led some policyholders to take legal action, with AXA recently losing a lawsuit against five restaurant operators. The insurer said it will appeal the ruling.

U.S. Treasury warns cyber insurers payments to hackers may violate sanctions

Oct 2, 2020

The average ransomware payment jumped by 60% to $178,254 between the first and second quarters, according to Coveware a firm that helps negotiate and facilitate cyber ransom payments.

Sophisticated insurers and financial institutions are already aware of the sanctions concern, said Sumon Dantiki, a King & Spalding LLC lawyer who advises on national security and cyber matters.

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