Duo's Security Blog

FEBRUARY 4, 2025

With the rate that new threats emerge, it may come as no surprise that cyber liability insurance can be traced back to 1997. In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. What would an insurer do? At least not alone.

Cyber Insurance 64

Cyber Insurance Insurance Authentication Risk 64

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.

Financial Services 62

Financial Services Cybersecurity CISO Backups 62

Webroot

MARCH 3, 2025

The event is sponsored by the Federal Trade Commission (FTC), and other participating agencies include the Federal Deposit Insurance Corporation (FDIC), AARP , and the Better Business Bureau (BBB). Backup solutions – Carbonite automatically backs up and protects your data. Document disposal Shred sensitive documents.

Consumer Protection 84

Consumer Protection Identity Theft Scams Social Engineering 84

Security Affairs

MARCH 13, 2025

As of February 2025, Medusa developers and affiliates have impacted over 300 victims from a variety of critical infrastructure sectors with affected industries including medical, education, legal, insurance, technology, and manufacturing.” ” reads the joint advisory. Attackers use Mimikatz to steal credentials.

Ransomware 68

Ransomware Encryption Cryptocurrency Insurance 68

SecureWorld News

SEPTEMBER 10, 2020

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. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

Cyber Insurance 63

Cyber Insurance Insurance Ransomware Cyber Attacks 63

eSecurity Planet

OCTOBER 5, 2021

An organization must: Prepare a good backup policy and procedure. We should use multi-factor authentication. We also need to periodically check that the policy is up to date with the latest insurance providers, incident response vendors, attorneys, and executives’ contact information. Simple Ransomware Recovery.

Ransomware 132

Ransomware Backups Insurance Cyber Insurance 132

CyberSecurity Insiders

SEPTEMBER 20, 2021

Encryption and data backup. To create strong passwords that are hard to guess, combine the two-factor authentication with your password for verification purposes. Invest in cybersecurity insurance. Cybersecurity insurance involves the transfer of financial risk that may arise from doing business online.

Cybersecurity 121

Cybersecurity Insurance Passwords Encryption 121

Krebs on Security

JANUARY 6, 2020

.” Schafer said another mitigating factor was that VCPI had contracted with a third-party roughly six months prior to the attack to establish off-site data backups that were not directly connected to the company’s infrastructure. Cloud-based health insurance management portals. Direct deposit and Medicaid billing portals.

Passwords 253

Passwords Ransomware Password Management Malware 253

SecureWorld News

SEPTEMBER 5, 2023

In a recent revelation, security researcher Jeremiah Fowler uncovered a significant data leak affecting one of the United States' largest health insurance companies, Cigna Health. The exposed database offered a unique glimpse into the operations of Cigna Health, one of the nation's largest health insurance providers.

Backups 107

Backups Insurance Healthcare Data breaches 107

Security Affairs

JANUARY 17, 2022

.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

Big data 123

Big data Financial Services Retail Insurance 123

eSecurity Planet

JULY 8, 2022

But it also requires software to orchestrate data movement, backup and restore technology to ensure a current copy of data is available, and the ability to recover systems and data rapidly. This type of backup and DR technology offers RPOs measured in hours. See the Best Backup Solutions for Ransomware Protection.

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Backups Ransomware Technology Marketing 142

The Last Watchdog

DECEMBER 12, 2023

Focus on implementing robust backup and disaster recovery plans, user training, and the sharing of threat intelligence. Camellia Chan , Co-Founder and CEO, Flexxon Chan In a single month, major breaches hit MGM, DP World Australia, Philippine Health Insurance – just to name a few.

Cybersecurity 258

Cybersecurity Social Engineering Cyber threats Software 258

SecureWorld News

AUGUST 21, 2020

The ISO assisted the college in restoring locally managed IT services and systems from backup copies. The University had servers encrypted but restored the systems and the access from backups. It had cyber insurance: "The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.

Ransomware 96

Ransomware Cyber Insurance Insurance Backups 96

Krebs on Security

DECEMBER 13, 2021

On May 10, one of the hospitals detected malicious activity on its Microsoft Windows Domain Controller, a critical “keys to the kingdom” component of any Windows enterprise network that manages user authentication and network access.

Healthcare 327

Healthcare Ransomware Antivirus Hacking 327

CyberSecurity Insiders

JUNE 1, 2023

Information such as social security numbers, dates of birth, insurance details, and payment card information can fetch considerable sums, depending on the authenticity and novelty of the sourced data. Law enforcement agencies worldwide have been intensifying their efforts to apprehend notorious ransomware gangs.

Ransomware 107

Ransomware Healthcare Insurance Backups 107

Identity IQ

JULY 17, 2024

What is Two-Factor Authentication? IdentityIQ Two-factor authentication (2FA) is a security tool that requires you to verify your identity twice before you can gain access to a system. They work like an authenticator app but are tied to a separate physical device, not your phone. 2FA can help organizations meet these standards.

Authentication 52

Authentication Identity Theft Accountability Passwords 52

IT Security Guru

JUNE 17, 2024

This includes leveraging more sophisticated ransomware software, using advanced tactics to avoid detection, and targeting backups to prevent recovery. Insurance and Recoverability Issues As ransomware attacks have increased, so have the complexities associated with insuring against them.

Ransomware 138

Ransomware Insurance Risk Backups 138

SecureWorld News

FEBRUARY 19, 2024

Fundamentally, across the site, strong password policies and multi-factor authentication (MFA) must be enabled. Backing this up with MFA—via a third-party authenticator app—will ensure all login attempts are valid and verified, which will help if multiple users are trying to access a WordPress back-end.

Backups 106

Backups Firewall Encryption Passwords 106

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Backup and encryption.

Backups 145

Backups Ransomware Malware Firewall 145

Webroot

SEPTEMBER 24, 2024

Having regular backups means you can recover without having to pay a ransom. For consumers: Keep personal backups of important files (photos, documents, etc.) Enable two-factor authentication (MFA) : For added protection, enable two-factor authentication on your accounts. on an external drive or in the cloud.

Cyber threats 112

Cyber threats Small Business Scams Cybercrime 112

Duo's Security Blog

FEBRUARY 13, 2023

Once the malware has been installed and spread, hackers can gain access to sensitive data and backup data, which they encrypt to hold the information hostage. Mitigating ransomware attacks using MFA Multi-factor authentication (MFA) is very effective at protecting credentials and limiting attackers’ access to company resources.

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Ransomware Insurance Passwords Authentication 116

SC Magazine

FEBRUARY 24, 2021

But the season-four episode “Decrypt” did capture many of the key elements that play into an attack scenario, including incident response, the role of cyber insurance agencies, and the ethics of paying. It’s realistic that the bad guys had infected all the backups. You don’t negotiate with terrorists,” she says.

Ransomware 94

Ransomware Backups Insurance Cyber Insurance 94

Security Affairs

NOVEMBER 14, 2022

Add to that, there is the risk of penalties and fines (which are not insurable in most jurisdictions) not only under privacy and data protection regulations but also on the basis of cybersecurity regulations that are now proliferating. What should directors do if a cyberattack happens to the company? there could be reputational damage.

Cyber Risk 141

Cyber Risk Insurance Cyber Attacks Risk 141

Security Affairs

MAY 13, 2021

US agencies warn that groups employed DarkSide ransomware in attacks aimed at organizations across various Critical Infrastructure sectors, including manufacturing, legal, insurance, healthcare, and energy. Require multi-factor authentication for remote access to OT and IT networks. Implement regular data backup procedures .

Ransomware 141

Ransomware Healthcare Phishing Risk 141

Malwarebytes

MAY 16, 2023

The incident was noticed on March 14, and a week later PharMerica identified that the personal information accessed included names, dates of birth, Social Security numbers, medication lists and health insurance information. Enable two-factor authentication (2FA). Create offsite, offline backups.

Identity Theft 95

Identity Theft Ransomware Data breaches Passwords 95

Cisco Security

OCTOBER 18, 2021

Implement multi-factor authentication (MFA) as soon and as efficiently as possible. Backup all critical data at least daily, and preferably more often, to offline storage and protected with MFA and immutable encryption. Having insurance and the ability to pay a ransom is not the answer!

Cybersecurity 142

Cybersecurity CISO Insurance Risk 142

SecureWorld News

APRIL 9, 2024

without the ability to get insurance approval for services ranging from a drug prescription to a life saving operation. Many pharmacies have been unable to give patients medicine due to insurance verification failures. But it's not just doctors. Our modern healthcare system is deeply dependent on computers and data networks.

Healthcare 114

Healthcare Computers and Electronics Insurance Hacking 114

Malwarebytes

JULY 24, 2023

The information varied from person to person, but may have included names, addresses, phone numbers, dates of birth, Social Security numbers (SSNs), health insurance information, medical record numbers, patient account numbers, dates of service and/or limited treatment information used by TGH for its business operations.

Ransomware 96

Ransomware Computers and Electronics Passwords Backups 96

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. Ensure your RDP points are locked down with a good password and multi-factor authentication. Backup your data. Make an emergency plan sooner, rather than later.

Ransomware 92

Ransomware Backups Education VPN 92

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

Cybersecurity 103

Cybersecurity Backups Cyber threats Software 103

SC Magazine

JUNE 25, 2021

Upon discovery, Prominence reset all user credentials and secured the impacted environment, launching an investigation and data restoration processes from its backup systems. But the insurer is notifying all 45,000 members from the 2019 to 2020 timeframe, as a precaution. Notably, not all plan members were affected by the incident.

Ransomware 103

Ransomware Insurance Hacking Media 103

eSecurity Planet

APRIL 6, 2023

Multifactor authentication (MFA) can protect critical applications and devices, as can zero trust security principles. Ransomware-proof backups: You can limit the damage caused by ransomware by maintaining an effective backup and disaster recovery plan. But make sure you manage the encryption keys well.

Ransomware 98

Ransomware Backups Encryption Cybersecurity 98

Pen Test Partners

SEPTEMBER 29, 2024

Use Multi-Factor Authentication (MFA) but consider your MFA channels MFA is a security measure that requires users to provide two or more verification factors to gain access to an account or application. Users must enable two-factor authentication, set a passcode, and activate Face ID or Touch ID to use this feature.

Data privacy 59

Data privacy Passwords Backups Authentication 59

Joseph Steinberg

JANUARY 18, 2024

Cybersecurity measures, including robust encryption, secure authentication protocols, and regular security audits, can, of course, be utilized as part of a formidable defense against unauthorized access – but no security technologies should be deployed ad-hoc; security must be well planned and implemented carefully.

Cybersecurity 169

Cybersecurity Education Cyber Attacks Risk 169

Security Boulevard

OCTOBER 24, 2024

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.

Financial Services 72

Financial Services Cybersecurity CISO Backups 72

SecureWorld News

OCTOBER 21, 2024

These are licenses, hardware, software, infrastructure capacity and bandwidth, backup and restoration, ancillary and monitoring systems, management systems, professional and managed services, and human resources. Apparent costs At the tip of the iceberg lies the monetary representation of the total cost of the solution.

Risk 108

Risk Cybersecurity Antivirus Authentication 108

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

Cyber Insurance 310

Cyber Insurance Insurance Government Cyber Risk 310