Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. An act of war? Lloyd’s of London.

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Insurance Cyber Insurance Ransomware Data breaches 97

Digital Shadows

NOVEMBER 26, 2024

Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. Cloud services alerts increased by 20% due to rising cloud account usage, while malicious file alerts in phishing attacks remain high, exploiting users’ tendencies to open files.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

eSecurity Planet

MARCH 17, 2023

Managed Detection and Response Product Guide Top MDR Services and Solutions Encryption Full disk encryption, sometimes called whole disk encryption, is a data encryption approach for both hardware and software that involves encrypting all disk data, including system files and programs.

Network Security 122

Network Security Penetration Testing Firewall Software 122

Digital Shadows

OCTOBER 14, 2024

Meow” took fourth place in Q3 2024, shifting its tactics from data encryption to selling stolen data on cybercriminal forums and its own data-leak site. Cyber insurance makes these regions more attractive targets, as attackers believe that insured organizations are more likely to pay to minimize operational impact.

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Ransomware Social Engineering Insurance Cyber Insurance 94

eSecurity Planet

AUGUST 9, 2022

are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). Healthcare Data Privacy Laws.

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Data privacy Encryption Data breaches Insurance 145

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.

Cyber Insurance 305

Cyber Insurance Insurance Government Cyber Risk 305

CyberSecurity Insiders

OCTOBER 20, 2021

When trying to log on to their computers, users were getting a message saying the systems had been encrypted with Ransom.Robinhood ransomware. On the business side, the plan should address elements such as having a communication plan for the CISO, CIO and company executives as well as a risk management component that includes cyber insurance.

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Ransomware Backups Insurance Cyber Insurance 111

Malwarebytes

DECEMBER 20, 2022

The typical game plan is to encrypt files, and then threaten to leak files if their demands are not met. A little recovery time Don’t wait until ransomware is in your network and encrypting everything to ask if someone has a backup. Has it already been encrypted by your business to prevent network intruders taking a peek?

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Ransomware Backups Cyber Insurance Encryption 96

Thales Cloud Protection & Licensing

AUGUST 11, 2021

Too many businesses cannot continue their activities until they recover the data encrypted by ransomware. Subject to the malware class and timeframes for decryption set by the attackers, too many victims end up transferring funds to the hacker’s accounts. Your own systems may fail to process the encryption key.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

Malwarebytes

NOVEMBER 15, 2023

Just days later, the account announced that it was “putting an end to” the group after learning that six of its affiliates may have been arrested. On the other hand, data from Malwarebytes indeed indicates that while the education sector comprises only 3% of all MOVEit hosts, they account for 6% of the victims.

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Ransomware Education Backups Cyber Insurance 118

Duo's Security Blog

SEPTEMBER 1, 2023

Passkeys simplify account registration for apps and websites, are easy to use, work across most of a user’s devices, and even work on other devices within physical proximity.” - FIDO Alliance Most people know what passwords are and have experienced first-hand some of the many issues with them. It’s also a requirement to get cyber insurance.

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Passwords Authentication Insurance Cyber Insurance 133

eSecurity Planet

FEBRUARY 16, 2021

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!!

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Ransomware Backups Software Encryption 97

Hacker's King

OCTOBER 10, 2024

These software solutions range from antivirus programs and firewalls to more advanced intrusion detection systems and encryption tools. For instance, many cybersecurity companies develop proprietary software that helps businesses detect potential vulnerabilities or manage data encryption.

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Cybersecurity Cyber Insurance Insurance Penetration Testing 52

Cytelligence

JANUARY 14, 2020

This malware can steal payment data, credentials and funds from victims’ bank accounts, and new versions are available for widespread distribution by anyone that’s willing to pay the malware’s developers. This will, in turn, will lead to more attacks, and fast growth for the cyber insurance industry.

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Cybersecurity Cyber Insurance Insurance Ransomware 65

Security Boulevard

JUNE 2, 2022

Double-extortion attacks, which include data exfiltration in addition to encryption, are rising even faster at 117% year-over-year. Ransomware attacks increased by 80% year-over-year, accounting for all ransomware payloads observed in the Zscaler cloud. AvosLocker. BlackCat/ALPHV. Key Findings. Deploy inline data loss prevention.

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Ransomware Architecture Manufacturing Encryption 105

SecureWorld News

NOVEMBER 1, 2021

"Our internet economy has inadvertently created a digital ecosystem absolutely crucial to today's society, and yet so systemically vulnerable that clicking the wrong link can allow in intruders who encrypt your data and demand a ransom to restore it.". The path to better cybersecurity. It will align resources to aspirations by ensuring U.S.

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Cybersecurity Government Cyber Insurance Technology 95

Malwarebytes

NOVEMBER 1, 2021

To better understand the nuts and bolts of a ransomware attack, we spoke to Ski Kacaroski, a systems administrator who, in 2019, helped pulled his school district out of a ransomware nightmare that encrypted crucial data, locked up vital systems, and even threatened employee pay. That part really, really hurt us.”.

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Ransomware Backups System Administration Cyber Insurance 133

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Data encryption for data at rest and in transit. Baltimore learned this the hard way. (An Enhanced logging.

Government 69

Government Cybersecurity Cyber Insurance Insurance 69

Webroot

OCTOBER 14, 2022

As a result, many organizations are shifting away from cyber insurance and adopting layered defenses in an effort to achieve cyber resilience. Persisting botnet with cryptomining payload and more Infects via emails, brute force, exploits and more Removes competing malware, ensuring they’re the only infection.

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Malware Antivirus DDOS Cyber Insurance 76

eSecurity Planet

JULY 8, 2022

In many ways, DR is playing catch up with the rise in effectiveness of cyber criminals. The global cost of ransomware has risen from $325 million to $20 billion from 2016 to 2021, and on average, only 65% of encrypted data was restored after a ransom was paid. Top DR Solutions Including Security Features.

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Backups Ransomware Technology Marketing 142

Daniel Miessler

MARCH 20, 2022

In the next 15-30 years we’ll see a move from wizardry to accounting—and a much more Operational Technology approach to the discipline in general. This will include things like cloud configurations for open protocols, open ports, authenticated entities, encryption at rest, encryption in transit, who is accessing what items, etc.

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InfoSec Insurance Technology Engineering 180

Digital Shadows

JANUARY 14, 2025

To gain access to internal networks, Akira targeted local accounts with disabled multifactor authentication (MFA) and SonicOS firmware versions vulnerable to exploitation, often exposed to the internet for virtual private network (VPN) access.

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Ransomware Social Engineering Phishing VPN 126

SecureWorld News

JANUARY 21, 2024

Remember, sometimes a little common sense goes a lot further than the fanciest encryption out there. Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release. The key here is implementing smart, affordable cybersecurity strategies that work best for nonprofits.

Cybersecurity 103

Cybersecurity Backups Cyber threats Software 103

eSecurity Planet

JANUARY 11, 2022

Deduce is an identity-focused cybersecurity startup with two core solutions: Customer Alerts for protecting users and their data from account takeover and compromise, and Identity Insights for validating legitimate users and stopping fraud. Cowbell Cyber. Also read: Top Code Debugging and Code Security Tools. Ubiq Security.

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Cybersecurity Threat Detection Artificial Intelligence Risk 142

Malwarebytes

JANUARY 15, 2023

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. Backups are the last line of defence against an attack that encrypts your data. Rate limiting is a great way to fend off brute force attempts on your login.

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Ransomware Backups Education VPN 93

Centraleyes

JUNE 11, 2024

Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering. Prioritize using MFA for accounts with elevated privileges, remote access, and access to sensitive data or systems.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

NetSpi Executives

APRIL 27, 2024

Attempt access to file and SQL servers with privileged accounts. In addition to encrypting data and holding it hostage, ransomware attackers also upload valuable data to other systems on the internet. Rather than stealthily copying the data, ransomware attackers may upload the data quickly to a website via FTP using SSH encryption.

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Ransomware Cyber Insurance Backups Insurance 52

Centraleyes

DECEMBER 16, 2024

Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors. Expect to see more investments in privacy-enhancing technologies (PETs) such as encryption, anonymization, and data masking.

Cybersecurity 52

Cybersecurity Insurance Cyber Insurance Risk 52

Digital Shadows

NOVEMBER 26, 2024

Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. Cloud services alerts increased by 20% due to rising cloud account usage, while malicious file alerts in phishing attacks remain high, exploiting users’ tendencies to open files.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

eSecurity Planet

APRIL 26, 2022

Company Sector Year Status Beyond Identity Identity management 2020 Private Expel Managed security service 2016 Private Tigera Zero trust for K8s 2016 Private Intrinsic Application security 2016 Acquired: VMware HackerOne Penetration testing 2015 Private Virtru Data encryption 2014 Private Cloudflare Cloud infrastructure 2010 NYSE: NET.

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Cybersecurity Technology Marketing Healthcare 130

Spinone

OCTOBER 13, 2020

Whether it is synchronized files from on-premises to cloud environments or the risk of encryption of cloud email, ransomware is a real threat to your data. SamSam’s specialty is breaking into networks and encrypting multiple computers across an organization and then demanding a very high-value ransom, totalling in the millions.

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Ransomware Backups Data breaches Encryption 52

Centraleyes

APRIL 8, 2024

They use this data to steal identities and access corporate accounts. Better Insurance Rates: Cyber insurance providers include data security in their actuarial analysis. OneTrust helps businesses demonstrate accountability by tracking privacy risks, incident response, and maturity of privacy programs.

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Data privacy Unstructured Data Data breaches Government 52

ForAllSecure

MAY 30, 2023

However, the rank and file of Conti were in Ukraine, had a different opinion, and decided to speak up against Conti in and in favor of Ukraine in a Twitter account named Conti Leaks. The account owner wrote: “My comments are coming from the bottom of my heart which is breaking over my dear Ukraine and my people. By no means.

Ransomware 40

Ransomware Encryption Authentication Backups 40

Malwarebytes

JULY 11, 2022

TikTok is “unacceptable security risk” and should be removed from app stores, says FCC Google to delete location data of trips to abortion clinics IconBurst software supply chain attack offers malicious versions of NPM packages Discord Shame channel goes phishing Verified Twitter accounts phished via hate speech warnings Apple Lockdown (..)

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Cyber Insurance Insurance Spyware Healthcare 97

CyberSecurity Insiders

JUNE 23, 2021

Well, tax consultants and accounts feel that the new legal draft might encourage crime and may not last long in practicality as IRS will be forced to make amendments paving way for the rise of new issues like crime encouragement and self-serviced cyber attacks. .

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Ransomware Cyber Insurance Insurance Cryptocurrency 76

Duo's Security Blog

JULY 6, 2021

Agencies and their suppliers will need to amend their security strategies to account for these new requirements. Cyber Insurers, regulators and customers will expect these controls to be present, regardless of public or private status. and expected controls for those environments will follow.

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Government Backups Architecture Encryption 144

SecureWorld News

MARCH 5, 2025

That headache is real, of course, but accountants and lawyers will step up to sort it out," said Mike Wilkes , Former CISO, MLS; Adjunct Professor, NYU. Thinking a bit more widely, though, I can imagine there will be a concomitant rise in cyber espionage and attacks between groups of impacted groups in China and the U.S.

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Cyber Risk Risk Small Business Cyber Insurance 112