A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived to be a high risk scrambling for cover.
The top U.S. intelligence official on Tuesday said he was skeptical that a new cyber U.S.-China cyber agreement would slow a growing torrent of cyber attacks on U.S. computer networks, and said his approach will be to "trust but verify."
President Barack Obama will raise concerns about cyber security with Chinese President Xi Jinping when they meet in Washington this month amid rising U.S. worries about Chinese hacking of U.S.
Security researchers say they have uncovered clandestine attacks across three continents on the routers that direct traffic around the Internet, potentially allowing suspected cyberspies to harvest vast amounts of data while going undetected.
A U.S. Senate leader asked the new Securities and Exchange Commission chairman to give more authoritative guidance to companies on disclosing cyber attacks, saying reporting so far is “insufficient.”
