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. The number one type of cyber incident so far this year is ransomware.

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Cyber Insurance Insurance Ransomware Cyber Attacks 73

Krebs on Security

OCTOBER 28, 2020

Five months later, Gunnebo disclosed it had suffered a cyber attack targeting its IT systems that forced the shutdown of internal servers. In the video, the REvil representative stated that the most desirable targets for the group were agriculture companies, manufacturers, insurance firms, and law firms.

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Hacking Ransomware Banking Accountability 357

CyberSecurity Insiders

JUNE 3, 2022

Healthcare providers are opting to pay a ransom in the event of ransomware attacks, instead of recovering it from data backups. An increase in cyber attacks in volume on businesses operating in the healthcare sector was also observed between 2020-2021.

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Healthcare Ransomware Insurance Backups 120

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?

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Cyber Insurance Insurance Authentication Risk 64

Security Affairs

SEPTEMBER 27, 2024

The cyber attack also impacted the Ministry of Health website, which is still offline, and Kuwait’s Sahel healthcare app. ” The ministry contained the attack with the help of government security agencies, it also announced measures to enhance the security of its infrastructure. ” reported the website Kuna.net.

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Healthcare Insurance Backups Cyber Attacks 128

Security Affairs

MARCH 27, 2019

Norwegian aluminum giant Norsk Hydro estimates more than $40 million losses in the first week following the ransomware attack that disrupted its operations. The news of the cyber attack had an immediate economic impact and caused a drop in the share price of 2.0 percent in early trading on the Oslo Stock Exchange.

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Insurance Cyber Attacks Ransomware Advertising 109

Security Affairs

NOVEMBER 14, 2022

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

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Cyber Risk Insurance Cyber Attacks Risk 141

Spinone

DECEMBER 8, 2016

Cybersecurity is often overlooked by small business, but over 60% of cyber attacks are targeted at small to medium-sized businesses. This can also be one of the reasons behind insufficient security practices with many businesses not realising the full effect of a data breach or ransomware attack until it is too late.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

Security Affairs

JUNE 2, 2020

In May Elexon , a middleman in the UK power grid network, was the victim of a cyber attack, its systems have been infected with the Sodinokibi ransomware. We are advising you that today that ELEXON’s internal IT systems have been impacted by a cyber attack. reads a post published by the company on its website.

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Ransomware Cyber Attacks Advertising Insurance 125

IT Security Guru

JUNE 17, 2024

Reputational Damage Public perception of an organisation can be severely tarnished by a ransomware attack, especially if customer data is compromised or service disruptions affect stakeholders. These attacks can have cascading effects that impact public safety and national security. Some businesses never fully recover.

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Ransomware Insurance Risk Backups 137

CyberSecurity Insiders

OCTOBER 24, 2022

These attacks also tend to be more successful in access and payout in the event of ransom demands, with 74% of attacks ending successfully for hackers. Here are a few prime examples of cyber-attacks in the education sector. Cyber insurance. Make backups, and practice restoring from them. Conclusion.

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Education Cyber Attacks Cyber Insurance Insurance 58

CyberSecurity Insiders

OCTOBER 23, 2021

By tapping into the advanced capabilities of our IT scanning technology, we’re proud to share actionable data to increase awareness around the current state of cyber risk technology and help eliminate the impact of adverse events — especially as we approach the end of a pivotal year,” said Madhu Tadikonda, President of Corvus Insurance. “We

Insurance 59

Insurance Cyber Risk Ransomware Technology 59

Security Affairs

JULY 15, 2019

. “Two organizations in our area are recovering from recent cyber attacks. “La Porte County paid the ransom on a cyber attack that locked up part of the government’s computer system. The Ryuk virus got into the backup servers.” ” reported the WSBT.

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Insurance Ransomware Government Malware 103

Joseph Steinberg

JANUARY 18, 2024

The financial implications of a successful cyber attack can be catastrophic. The costs associated with data breaches, system disruptions, and the aftermath of cyber incidents can quickly escalate. Mitigating Financial Risks Cybersecurity is an integral part of risk management for businesses.

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Cybersecurity Education Cyber Attacks Risk 169

Joseph Steinberg

JANUARY 18, 2024

The financial implications of a successful cyber attack can be catastrophic. The costs associated with data breaches, system disruptions, and the aftermath of cyber incidents can quickly escalate. Mitigating Financial Risks Cybersecurity is an integral part of risk management for businesses.

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Cybersecurity Education Cyber Attacks Risk 161

Security Affairs

SEPTEMBER 8, 2024

Quishing, an insidious threat to electric car owners Google fixed actively exploited Android flaw CVE-2024-32896 Discontinued D-Link DIR-846 routers are affected by code execution flaws.

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Data breaches Artificial Intelligence Social Engineering Hacking 121

SecureWorld News

DECEMBER 2, 2020

The only way around the publishing of the data is to pay the attackers. "We We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack?

Insurance 63

Insurance Cyber Insurance Ransomware Backups 63

SecureWorld News

JULY 28, 2020

NASDAQ: GRMN), today announced it was the victim of a cyber attack that encrypted some of our systems on July 23, 2020.”. Data and screenshots reveal that ransomware strain WastedLocker is behind the attack. Did the company restore from backups? The company still refuses to say, or type, the word “ransomware.”

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Ransomware Cyber Attacks Encryption Insurance 80

Cisco Security

OCTOBER 18, 2021

Cyber hygiene is an essential aspect of effective risk management, and it must be continuous. 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! Frameworks.

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Cybersecurity CISO Insurance Risk 143

eSecurity Planet

SEPTEMBER 14, 2022

According to the 2021 IBM Threat Force Intelligence Index , Manufacturing was the industry most likely to be attacked last year, comprising 23.2% of cyber attacks IBM handled. Finance and insurance finished a close second at 22.4%. Phishing attacks made up 40% of all attacks in the sector.

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Social Engineering Energy and Utilities Phishing Internet 121

eSecurity Planet

APRIL 6, 2023

Lapsus$ was responsible for a destructive run of cyber attacks in early 2022, hitting some high-profile tech companies. Conti Around 20% of attacks in early 2022 were from Conti, the group behind the 2021 Irish health services attack. The first ransomware attack took place in 1989.

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Ransomware Backups Encryption Malware 98

eSecurity Planet

FEBRUARY 16, 2021

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.

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Ransomware Backups Software Encryption 97

Malwarebytes

DECEMBER 20, 2022

From the H-Hotel release : “ unknown persons carried out a cyber attack on the IT network of the hotel company H-Hotels.com, which led to restrictions in digital communication. The cyber attack was discovered by the hotel company's IT security systems on Sunday. When an attack happens, who is contacted first?

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Ransomware Backups Cyber Insurance Encryption 96

Digital Shadows

NOVEMBER 26, 2024

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. Attackers often view US enterprises as lucrative targets, believing they have the financial means to pay substantial ransoms.

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Cyber Attacks Phishing Ransomware Cyber Insurance 52

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. These losses are not just monetary; the time and resources diverted to deal with the aftermath of an attack can significantly hamper operational efficiency.

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Cybersecurity Backups Cyber threats Software 104

CyberSecurity Insiders

MAY 17, 2023

This can include measures such as firewalls , antivirus, access management and data backup policies, etc. Health Insurance Portability and Accountability Act (HIPAA) HIPAA is a U.S. It applies to healthcare providers, insurance companies, and other organizations that handle PHI.

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Cybersecurity Risk Insurance Firewall 124

Digital Shadows

OCTOBER 14, 2024

Employees must be aware of how attackers might manipulate them into revealing sensitive information or granting the attackers access to secure systems. However, given the increasing sophistication of these attack techniques, education alone isn’t always enough to prevent a cyber attack.

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Ransomware Social Engineering Insurance Cyber Insurance 94

Responsible Cyber

NOVEMBER 17, 2024

The first quarter of 2024 has already witnessed several devastating cyber attacks through third-party vendors, affecting industry giants like Microsoft, UnitedHealth Group, and American Express. The attack affected every hospital in the country, disrupting over 100 critical healthcare functions. healthcare system.

Data breaches 98

Data breaches Healthcare Social Engineering Financial Services 98

CyberSecurity Insiders

JULY 19, 2022

According to a notice from PFC, attackers stole confidential patient information including patient names, addresses, and outstanding account balances. PFC said in some cases, SSNs and information about health insurance and medical treatment were also stolen.

Healthcare 105

Healthcare Ransomware Encryption Penetration Testing 105

IT Security Guru

MAY 12, 2024

Employ Firewalls Firewalls act as a barrier between your website and potential attackers, especially if you work in industries that carry a lot of sensitive data including large corporations, insurance firms, medical practices and companies that offer bad credit loans. Regular Backups Regularly back up your website and business data.

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Backups Firewall Encryption Penetration Testing 52

Malwarebytes

OCTOBER 19, 2022

Make offsite, offline backups. To make this possible you’ll need comprehensive, recently tested, backups that are both offline and offsite, beyond the reach of your attackers. A muli-layered approach to cyber attack prevention. Cyber threat hunting for SMBs: How MDR can help. More resources.

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Passwords Ransomware Backups Cyber Insurance 88

Responsible Cyber

APRIL 8, 2020

Small and mid-sized enterprises (SMEs) are increasingly at risk of cyber-attacks, and often serve as a launch pad for larger threat campaigns, according to Cisco’s 2018 SMB Cybersecurity Report. Businesses must also ensure they have secure backups of their critical data. Lack of Cybersecurity Knowledge.

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Cybersecurity DDOS Small Business Phishing 98

SecureWorld News

AUGUST 31, 2020

This follows a one-week break in learning caused by a ransomware attack against the district. A significant cyber attack forced the school system to take down most technology services in order to stop the corruption of school system servers and computers.

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Ransomware Technology Cryptocurrency Insurance 96

eSecurity Planet

JANUARY 12, 2021

Data backups. Cybersecurity preparedness/ insurance. Here are a few core components of cyber risk assessments: Penetration testing : This type of security risk assessment, also referred to as “penetration testing,” is aimed at simulating what a cyber attacker can see and how your system’s security measures will stand up to the test.

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Risk Penetration Testing Cyber Risk Cyber Attacks 71

Security Boulevard

JUNE 23, 2022

The World Economic Forum’s Global Risks Report has consistently ranked cyber attacks among the top seven risks facing the planet in terms of likelihood and impact, while high-profile CEOs including Warren Buffett of Berkshire Hathaway and Jamie Dimon of JPMorgan Chase see them as the number-one threat to business.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

Cytelligence

JANUARY 27, 2020

As these attacks increase in their frequency, threat actors have had to evolve their strategies due to the following reasons: Competition from other threat actors vying for the same “pie”. Lessons learned” from attacks that did not generate a pay-out. Effectiveness of data backup strategies. Ransomware in 2019 .

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Ransomware Cyber Insurance Insurance Encryption 53

CyberSecurity Insiders

JANUARY 8, 2022

On November 9, 2021, MRIoA discovered that it was the victim of a sophisticated cyber-attack. health insurance policy and group plan number, group plan provider, claim information). Once MRIoA found out, MRIoA quickly took steps to secure and safely restore its systems and operations.

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Data breaches Identity Theft Accountability Insurance 78