Remove 2023 Remove Backups Remove Cyber Insurance
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2023 Predictions for Storage and Backup Ransomware

CyberSecurity Insiders

Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. And backup and storage systems are rife with unpatched CVEs. Organizations are being confronted on all sides by cyber-danger. Slow Gains on Storage and Backup Security.

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Cyber Insurance Premiums Decline as Businesses Boost Security Measures

SecureWorld News

Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management.

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Security Affairs newsletter Round 494 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Every week the best security articles from Security Affairs are free in your email box. Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

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Ransomware review: November 2023

Malwarebytes

Formed around 2016 to defend Ukraine’s cyberspace against Russian interference, the UCA used a public exploit for CVE-2023-22515 to gain access to Trigona infrastructure. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. However, this figure might not fully represent the situation.

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Ransomware and Cyber Extortion in Q3 2024

Digital Shadows

lower than in Q3 2023. compared to Q3 2023. Figure 1: Number of compromised organizations listed on data-leak sites, Q4 2023–Q3 2024 In Q3 2024, new top contenders emerged, challenging LockBit’s dominance. However, some cyber insurance policies explicitly forbid ransom payments.

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Top Cyber Attacker Techniques, August–October 2024

Digital Shadows

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. ” APLHV disbanded in late December 2023 after conducting an exit scam against its affiliates.

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Ransomware and Cyber Extortion in Q4 2024

Digital Shadows

Researchers reported that the median ransom payment rose from $199,000 in 2023 to $1,500,000 in 2024. Active since August 2023, Scattered Spider initially partnered with the ransomware-as-a-service (RaaS) group ALPHV (aka BlackCat) before shifting to RansomHub after ALPHVs disbandment.