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BazarCall Ransomware warning to all insurance firms

CyberSecurity Insiders

A Ransomware called BazarCall seems to target Insurance agents and clients and so Insurance specialist CFC has issued a warning to the companies into similar business and operating across the globe to step-up their defense-line against malware attacks, by proactively taking adequate measures.

Insurance 106
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World Backup Day on March 31 Seeks to Protect Data Before It's Gone

SecureWorld News

However, data is as vulnerable as it is valuable, and World Backup Day on Friday, March 31st, is a welcome reminder of the need to have a well thought out data protection strategy in place. The campaign began in 2011 as World Backup Month and was changed to World Backup Day later.

Backups 94
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Scant evidence that cyber insurance boom is leading to better security

SC Magazine

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

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Giant health insurer struck by ransomware didn't have antivirus protection

Malwarebytes

The Philippine Health Insurance Corporation (PhilHealth), has confirmed that it was unprotected by antivirus software when it was attacked by the Medusa ransomware group in September. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. It was attacked on September 22, 2023.

Antivirus 104
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Anti-Ransomware Company Exagrid Pays $2.6 Million Ransom

Adam Levin

You would think that ExaGrid, a backup appliance and anti-ransomware service might know how to avoid ransomware, but it was hit. . Monitor networks and accounts: Unusual activity may be a sign that a cyberattack is underway. The post Anti-Ransomware Company Exagrid Pays $2.6 Million Ransom appeared first on Adam Levin.

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Ransomware: Number One Cyber Insurance Claim

SecureWorld News

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The company says that ransomware accounted for 41% of cyber claims. Cyber insurance works.

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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Backups Wiped Out But Tape, Snapshots Survive.