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Industry is massively underinsured against a major global cyberattack -- which could trigger losses on a par with natural disasters such as Hurricane (Superstorm) Sandy. This is one of the main conclusions of a study conducted by Lloyds of London (the world's oldest insurance organization with more than 20% of the global cyber insurance market), and Cyence (a risk modeling firm).

Flashpoint, a New York, NY-based threat intelligence and research company that focuses on what it calls “Business Risk Intelligence” (BRI) gleaned from combing the Deep & Dark Web, has raised $28 million in Series C funding.

AlphaBay, a Dark Web markerplace for illegal products, went down last week after authorities seized equipment following raids in three different countries.

Team collaboration and productivity software provider Atlassian announced this week the launch of a Bugcrowd-based public bug bounty program with rewards of up to $3,000 per vulnerability.

During 2016, the US government made 49,868 requests to Facebook for user data; 27,850 requests to Google; and 9,076 requests to Apple. Governments will not stop making these requests, since the internet has become a major avenue for mass surveillance. The real issue is to what extent internet companies will seek to protect their users' data from unwarranted government intrusions.

A purveyor of static code analysis wished to pitch his product to Samsung. What better way, he thought, than to run his product against the Samsung Tizen operating system, and demonstrate the results. The demonstration fell through, and the purveyor decided instead to publish his findings.

Two security researchers recently discovered an issue with improperly configured Oracle Access Manager (OAM) 10g that can be exploited by remote attackers to hijack sessions from unsuspecting users.

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