Security Boulevard

JUNE 2, 2022

Ransomware attacks increased by yet another 80% between February 2021 and March 2022, based on an analysis of ransomware payloads seen across the Zscaler cloud. Prepare for the worst with cyber insurance, a data backup plan, and a response plan as part of your overall business continuity and disaster recovery program.

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Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time. Very important!

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Cisco Security

JULY 11, 2022

Below you can review their findings from a study done between 2018 – 2022: Map: Comparitech Get the data Created with Datawrapper. Downtime varied from minimal disruption (thanks to frequent data backups) to months upon months of recovery time . Key findings . In 2021: . In 2021: . Hackers demanded up to $52.3

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eSecurity Planet

APRIL 6, 2023

In late 2022, Rackspace became a ransomware victim in one of the biggest cyberattacks ever suffered by a major cloud services vendor. LockBit uses a double extortion method and was responsible for roughly 40% of ransomware attacks in the first few months of 2022. Conti uses a double extortion method and a multithreading system.

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Ransomware Backups Encryption Cybersecurity 98

Malwarebytes

JANUARY 15, 2023

One of the primary schools highlighted, Pates Grammar School, was affected on or around the September 28, 2022. As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law. Backup your data.

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Malwarebytes

NOVEMBER 15, 2023

Trigona is responsible for at least 30 attacks across various sectors since first emerging in October 2022. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. Test them regularly to make sure you can restore essential business functions swiftly. Don’t get attacked twice.

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Schneier on Security

FEBRUARY 28, 2024

One possible solution, touted by former Department of Homeland Security Secretary Michael Chertoff on a recent podcast , would be for the federal government to step in and help pay for these sorts of attacks by providing a cyber insurance backstop.

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CyberSecurity Insiders

OCTOBER 24, 2022

Again, this incident demonstrates the importance of maintaining backups of data (especially sensitive and critical data) and managing human behavior as they access the systems. 56% of lower education respondents were hit by ransomware in 2022. Cyber insurance. 64% of higher education. Until they need it. Conclusion.

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Digital Shadows

OCTOBER 14, 2024

English-speaking countries, particularly the US, UK, Canada, and Australia, have well-developed insurance markets and higher cybersecurity awareness, resulting in higher ransomware insurance adoption. However, some cyber insurance policies explicitly forbid ransom payments.

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Digital Shadows

JANUARY 14, 2025

In 2022, there were around 60 active ransomware groups, but by 2024, this had ballooned to almost 100. Implement and regularly review immutable backups to protect critical data from tampering or deletion. Test these backups frequently and store them offline or on a separate network to ensure quick recovery during a ransomware attack.

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Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups. At this point, typical defenses for ransomware, such as backups and restoration of systems and data, do not apply. What is Double Extortion Ransomware?

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ForAllSecure

MAY 30, 2023

VAMOSI: Four days after the Russian invasion of Ukraine, on February 28, 2022, members of the Conti ransomware group began leaking information about the internal operations. Mark Lance, the VP of DFIR and Threat intelligence for GuidePoint Security, provides The Hacker Mind with stories of ransomware cases he’s handled.

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Thales Cloud Protection & Licensing

MAY 9, 2022

Mon, 05/09/2022 - 05:40. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. However, even after the Colonial Pipeline attack, less than half of businesses (48%) have a formal ransomware plan according to the 2022 Thales Data Threat Report. east coast.

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Krebs on Security

MARCH 4, 2022

But if you have information about their cyber insurance and maybe they have a lot of money in their account, I need a bank payout, then I can bargain. For now, take a look at the documents and see if there is insurance and bank statements.” “Hello [victim company redacted],” the gang wrote in January 2022.

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