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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Malwarebytes

NOVEMBER 1, 2021

Sadly, there’s rarely discussion about the lengthy recovery, which, according to the Ransomware Task Force, can last an average of 287 days , or about the complicated matter that the biggest, claimed defense to ransomware attacks—backups—often fail. Your backups may not work. The first few hours are critical. Or so he thought. “We

Ransomware 129

Ransomware Backups System Administration Cyber Insurance 129

eSecurity Planet

OCTOBER 18, 2021

The legal complaint [PDF] notes that on July 9, 2019, the day it was hit by a ransomware attack, Springhill Memorial Hospital contended that the event had “not affected patient care.” ” Cyber Insurance No Longer Reliable. Also read: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs. .

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Ransomware Cyber Insurance Insurance Digital transformation 105

eSecurity Planet

OCTOBER 18, 2022

The best defense and the best option for recovery will always be the availability of sufficient, isolated data backups and a practiced restoration process. However, even with the best planning, organizations can find a few users, machines, or systems that were overlooked or whose backup may be corrupted or encrypted.

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Ransomware Encryption Insurance Backups 145

eSecurity Planet

FEBRUARY 16, 2021

With vulnerabilities rooted in unsuspecting users, the task of preventing these attacks means both staff training and a robust email and network security system that includes a strong backup program so you have a recent copy of your data that you can roll back to. Offline Backups. Screenshot example. Recent attacks. Version restores.

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Ransomware Backups Software Encryption 97

Malwarebytes

NOVEMBER 15, 2023

RagnarLocker started in 2019 and was responsible for numerous high-profile attacks against municipalities and critical infrastructure across the world. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. Don’t get attacked twice.

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Ransomware Education Backups Cyber Insurance 111

Cytelligence

JANUARY 27, 2020

Damages from ransomware in 2019 rose to over $11.5 Effectiveness of data backup strategies. Ransomware in 2019 . The number of ransomware attacks increased in 2019 — but worse, 22 of those cyberattacks shut down a city, county and even state government computer systems. with several attacks in 2019.

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Ransomware Cyber Insurance Insurance Encryption 53