Security Affairs

OCTOBER 13, 2019

An Alabama hospital chain announced to have restored normal operation after paying the ransom request by crooks that infected its systems with ransomware. A hospital chain in west Alabama was recently hit by a ransomware attack that paralyzed its systems. ” reads the post published by the Associated Press. .

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Security Affairs

JANUARY 14, 2019

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance). Pierluigi Paganini.

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SecureWorld News

OCTOBER 5, 2020

Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued an advisory on ransomware. This was not about the cybercrime itself, but instead, the regulatory trouble your organization could face for facilitating ransomware payments. Treasury: ransomware continues to increase. in cyberspace or elsewhere.

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eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

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SecureWorld News

NOVEMBER 12, 2020

Ransomware. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. We can't look at all of these categories, but let's talk about the number one cyber attack threat of malware. Researchers also found that file-less ransomware skyrocketed and that trend makes sense.

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CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

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The Last Watchdog

SEPTEMBER 14, 2018

In March 2018, the city of Atlanta fell victim to a ransomware attack that shut down its computer network. Ananth, CEO of EventTracker , a Netsurion company, about this at Black Hat USA 2018. As Ananth explained, the city did two things right: they had cyber insurance and they didn’t pay the ransom. I spoke to A.N.

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BH Consulting

JULY 17, 2024

– for anyone who’s been working in data privacy roles since 2018: you ain’t seen nothing yet. Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022. The findings echo Coalition’s 2024 Cyber Claims report.

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Cytelligence

JANUARY 14, 2020

More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government. Evolution of mobile malware attacks – The first half of 2019 saw a 50% increase in attacks by mobile banking malware compared to 2018. These services typically include: Ransomware analysis.

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eSecurity Planet

APRIL 26, 2022

billion in 2021, and growing concerns over data security , software supply chains , and ransomware suggest the market will remain strong through economic ups and downs. Luckily for cybersecurity startups, there’s no shortage of interest in tomorrow’s next big security vendors. Accel Investments. Andreessen Horowitz (a16z).

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Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. Consider that the average cost for a ransomware attack against a business is about $4,400, and your run of the mill phishing incident weighs in at a much less hefty $500. billion in BEC scam-related losses the year before. It’s Time to Do Something.

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Spinone

OCTOBER 13, 2020

Like a terrible disease epidemic, ransomware infects and destroys any data in its path. Preventing a ransomware infection is much more desirable than having to recover from one. In this post, we will take a look at ransomware trends, costs, targets, and ransomware prevention software. What do these costs include?

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Cytelligence

FEBRUARY 4, 2020

The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

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IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

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eSecurity Planet

JANUARY 11, 2022

Startup Est Headquarters Staff Funding Funding Type Abnormal Security 2018 San Francisco, CA 261 $74.0 Series A Confluera 2018 Palo Alto, CA 33 $29.0 Series A Perimeter 81 2018 Tel Aviv, Israel 159 $65.0 2018 Santa Clara, CA 305 $50.0 Series A Confluera 2018 Palo Alto, CA 33 $29.0 2018 Santa Clara, CA 305 $50.0

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SC Magazine

MAY 13, 2021

Every year, cyber events nudge up the digital risk level and we’ve become desensitized to the increasing temperature. So with the most recent Colonial Pipeline attack, we’re in a fast boil as cyber events are causing real world problems. By isolating and segmenting OT, organizations can stop the lateral spread of ransomware.

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Adam Levin

DECEMBER 27, 2019

With what we experienced in 2016 and 2018, is there any doubt there will be a rise in disinformation–homegrown and imported–of all stripe in the upcoming elections? Ransomware will continue to thrive. You’re going to have personal cyber insurance. The disinformation blob will grow.

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