Malwarebytes

NOVEMBER 1, 2021

Ransomware attacks, despite dramatically increasing in frequency this summer , remain opaque for many potential victims. It isn’t anyone’s fault, necessarily, since news articles about ransomware attacks often focus on the attack, the suspected threat actors, the ransomware type, and, well, not much else.

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eSecurity Planet

OCTOBER 18, 2021

A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. Hospital’s Operations Hit by Ransomware. ” Cyber Insurance No Longer Reliable.

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eSecurity Planet

OCTOBER 18, 2022

For any organization struck by ransomware , business leaders always ask “how do we decrypt the data ASAP, so we can get back in business?”. The good news is that ransomware files can be decrypted. What can be done to recover from ransomware attacks when backups are not available? How Does Ransomware Encryption Work?

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Malwarebytes

NOVEMBER 15, 2023

This article is based on research by Marcelo Rivero, Malwarebytes’ ransomware specialist, who monitors information published by ransomware gangs on their Dark Web sites. This provides the best overall picture of ransomware activity, but the true number of attacks is far higher.

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The Last Watchdog

SEPTEMBER 20, 2019

However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering. Related: Free tools that can help protect elections I had a deep discussion about this with Todd Weller, chief strategy officer at Bandura Cyber.

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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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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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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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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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The Last Watchdog

APRIL 30, 2019

I had the chance at RSA 2019 to visit with George Wrenn, founder and CEO of CyberSaint Security , a cybersecurity software firm that plays directly in this space. That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” Wrenn said. “So

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Malwarebytes

JULY 5, 2021

Researchers explore the insecure world of the subdomain (Source: Can i take your subdomain) Cyber insurance model is broken, consider banning ransomware payments (Source: The Register) How facial recognition solutions can safeguard the hybrid workplace (Source: Help Net Security) Capital One hacker faces fresh charges for 2019 hacking spree (Source: (..)

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Security Affairs

DECEMBER 28, 2022

On May 2021, Ireland’s Health Service Executive service shut down its IT systems after they were hit with a “significant ransomware attack.”. With the increase in the number of cyber attacks, a growing number of organizations opted to transfer the cyber risk by underwriting cyber insurance.

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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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SC Magazine

FEBRUARY 8, 2021

But when it comes to cybersecurity coverage, the relationship between enterprises and insurers has been rocky and uncertain. With mitigation of some breaches costing well into the six figures – cyber losses topped $1.8 billion in 2019, according to Hiscox – companies crave coverage. A maturing model. billion in premium.

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Cytelligence

JANUARY 27, 2020

Ransomware is becoming an epidemic in the cybersecurity world, with new strains being created continuously by criminals to extort money out of unsuspecting users. What is Ransomware? Ransomware is a devastating attack on an organization’s or individual’s digital assets. Damages from ransomware in 2019 rose to over $11.5

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Adam Levin

MARCH 16, 2020

The Federal Bureau of Investigation’s 2019 annual Internet Crime Report included 467,361 complaints about suspected internet crime with losses of $3.5 billion, or roughly half, of the total losses in 2019 were attributed to generic email account compromise (EAC) complaints. billion in BEC scam-related losses the year before.

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Webroot

SEPTEMBER 7, 2023

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. The best way to weather these challenges is to become a cyber resilient business. Cybercrime is on the rise. And those attacks are costing companies a lot of money.

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Cytelligence

JANUARY 14, 2020

While we saw the threat landscape change in 2019 with even more sophisticated attacks, we predict 2020 to be even more extreme. More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government. These services typically include: Ransomware analysis.

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Duo's Security Blog

OCTOBER 18, 2021

The use of phishing to take over user accounts as a first step to gain access to a campus for a ransomware attack has been making the headlines. We’ve heard from campuses that haven’t widely implemented MFA yet that their cyber liability insurance providers are now requiring it. Higher education campuses in the U.S.

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CyberSecurity Insiders

APRIL 19, 2021

Researchers who conducted the survey concluded after gauging six key cyber security areas related to people, technology and processes. Firms that qualified for the Hiscox Cyber Readiness model admitted that they suffered fewer ransomware attacks in 2019 when compares to the previous year.

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eSecurity Planet

JANUARY 11, 2022

Series B Apiiro Security 2019 Tel Aviv, Israel 65 $35.0 Series A BluBracket 2019 Palo Alto, CA 27 $18.5 Series A Cycode 2019 Tel Aviv, Israel 56 $81.0 Series B Open Raven 2019 Los Angeles, CA 45 $19.1 Startup Est Headquarters Staff Funding Funding Type Anvilogic 2019 Palo Alto, CA 34 $14.4 Series B SECURITI.ai

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SecureWorld News

APRIL 1, 2021

Ransomware has been one of the hottest topics in cybersecurity during the last year. A storm made more severe by the pandemic, with so many employees working remotely, exacerbating the risk of ransomware. However, there are other contributing factors to the rise in ransomware the world witnessed in 2020.

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BH Consulting

JUNE 22, 2021

Some policies exclude claims for extortion and fraud, which rules out payouts for ransomware attacks and invoice re-direct scams. In 2019, the US food company Mondelez sued its insurance provider Allianz for refusing to pay a $100 million claim for ransomware damages.

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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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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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SC Magazine

JULY 13, 2021

Credential harvesting attempts account for 54% of all phishing attacks, an increase of nearly 15% when compared with data from 2019. Lastly, the report warns entities not to rely on cyber insurance as the rates have skyrocketed in response to the rise in ransomware attacks. Another 20.7% were attributed to extortion.

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Cytelligence

FEBRUARY 4, 2020

The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber claims are almost doubling year-over-year. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. said J Hogg, CEO of Aon Cyber Solutions. “As

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BH Consulting

JUNE 13, 2023

Ransomware didn’t actually grow year on year; it held steady at 24 per cent of breaches. Security Week’s report focused on the rising cost to recover from a ransomware incident even as ransom amounts themselves are lower. Verizon believes this suggests ransomware victims are a higher proportion of smaller companies than before.

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Security Boulevard

JUNE 23, 2022

The World Economic Forum’s Global Risks Report has consistently ranked cyber attacks among the top seven risks facing the planet in terms of likelihood and impact, while high-profile CEOs including Warren Buffett of Berkshire Hathaway and Jamie Dimon of JPMorgan Chase see them as the number-one threat to business. 10 Plan for ransomware.

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SC Magazine

MARCH 29, 2021

Bugcrowd, which offers a platform allowing companies to connect their applications to a community of thousands of security researchers who root out for bugs and vulnerabilities, reported a 50 percent increase in total bug bounty submissions in 2020 compared to 2019.

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Adam Levin

MARCH 2, 2020

You couldn’t go a week last year without seeing a ransomware headline in the news. Ransomware attacks on businesses skyrocketed 365 percent in 2019, and all signs point to more of the same in 2020. As bad as the ransomware scourge was for businesses, local governments arguably had it worse. What Is Ransomware?

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SecureWorld News

MAY 12, 2020

But the group posted on its website this week that negotiations with ransomware middle-man Coveware were a failure and time has run out on that initial ransom demand: "Next.the hottest news, which we associate with GRUBMAN SHIRE MEISELAS & SACKS. We'll have more on the Travelex ransomware attack in a minute.

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Adam Levin

DECEMBER 27, 2019

2019 is virtually over and a new year beckons with all the solemnity of the grim reaper for those who don’t have their eyes wide open to the persistent threats we collectively face in the areas of privacy and cybersecurity. . Ransomware will continue to thrive. You’re going to have personal cyber insurance.

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