Tech

Cyber insurers urge government support for catastrophic hacks

Published

2 years ago

November 27, 2023

Cybersecurity insurers are sounding the alarm, warning that the scale and impact of cyberattacks are reaching unprecedented levels, and the financial toll on businesses is becoming unsustainable.

These insurers are now calling on governments to step in and provide assistance in the event of catastrophic hacks.

The frequency and sophistication of cyberattacks have surged in recent years, causing significant financial losses for businesses across various industries.

Cyber insurance policies have helped companies mitigate some of these losses, but insurers argue that the magnitude of certain cyber incidents is overwhelming the insurance industry’s capacity to cover the costs.

As a result, cyber insurance providers are advocating for government intervention to establish a framework for dealing with catastrophic cyberattacks.

They propose that governments should create a fund or support mechanism to help affected businesses recover from large-scale cyber incidents.

This would not only ease the financial burden on insurers but also ensure the continuity of affected businesses and the broader economy.

The question now arises: Should governments take a more active role in responding to catastrophic cyberattacks, or should the burden primarily fall on private insurers and affected businesses?

While cyber insurance has been a valuable tool in managing cyber risks, the rising frequency of massive hacks may necessitate a reevaluation of the current approach. The collaboration between governments and insurers in addressing cyber threats could be crucial in safeguarding businesses and the economy in an increasingly digitized world.

Tech

Apple set to unveil budget iPhone 17e, new iPads and low-cost MacBook

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Published

5 days ago

February 27, 2026

Harvey Vargas

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Apple Inc. CEO Tim Cook has confirmed a major week of product announcements kicking off Monday morning, building momentum toward a global “Apple Experience” event across New York, London and Shanghai. The tech giant is expected to spread its reveals across three days, fuelling speculation about its biggest refresh cycle yet.

Leading the buzz is the rumoured budget-friendly iPhone 17e, signalling Apple’s push to capture more price-conscious consumers without sacrificing performance. Two new iPads powered by advanced chips are also tipped to headline the lineup, pointing to stronger AI capabilities and faster processing speeds.

Rounding out the expected reveals is a low-cost 12.9-inch MacBook that’s already generating serious interest, alongside updated MacBook Pro models and a refreshed Mac Studio. It’s shaping up to be one of Apple’s most significant multi-product launches in recent years.

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#Apple #TimCook #iPhone17e #AppleEvent #TechNews #iPad #MacBook #Innovation

Tech

Nvidia posts record revenue as AI fears shake investors

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Published

5 days ago

February 27, 2026

Harvey Vargas

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Nvidia posted strong quarterly earnings, but Wall Street remained unimpressed, causing shares to fall 5%. Analysts point to investor concerns over AI dominance and a stalled $100 billion deal with OpenAI.

Experts discuss what factors in the earnings report failed to meet market expectations, including revenue projections and details around the Vera Rubin chip architecture. Competition from alternative chipmakers and scrutiny of hyperscaler cash flows are also shaping investor sentiment.

Despite recent setbacks, analysts remain cautiously bullish on Nvidia, highlighting long-term AI potential and the company’s dominant position in the chip market.

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Tech

Meta launches lawsuits over alleged scam advertising operations

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Published

5 days ago

February 27, 2026

Harvey Vargas

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Social media giant Meta has launched aggressive legal action targeting alleged scam operations using its platforms. The company has filed lawsuits against four advertising networks based in Brazil, China and Vietnam.

Meta has also issued cease and desist letters to eight marketing consultants accused of helping clients bypass the platform’s enforcement systems. The move signals a tougher stance on organised scam activity operating at scale.

While no criminal charges have been laid, Meta says it is doubling down on efforts to protect users and restore trust across its platforms as scam activity continues to rise globally.

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