Security Affairs

FEBRUARY 21, 2023

For those who have cyber insurance against ransomware attacks. Insurance companies require you to keep your insurance information secret, this is to never pay the maximum amount specified in the contract or to pay nothing at all, disrupting negotiations. Very important! reads the ransom note.

Insurance 98

Insurance Ransomware Cyber Insurance Malware 98

Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. 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. Backup your data.

Ransomware 93

Ransomware Backups Education VPN 93

SecureWorld News

SEPTEMBER 14, 2021

This is also true for victims of cybercrimes, too. They followed the FBI’s advice to not pay the hackers and restored their system from backups they had kept for such an emergency. This example might seem extreme, but for some parents this exact scenario played out after hackers managed to steal their child’s data.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Backups 98

SecureWorld News

DECEMBER 2, 2020

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? Number one, we're going to want to think about the viability of the backups? How old are they?

Insurance 60

Insurance Cyber Insurance Ransomware Backups 60

eSecurity Planet

FEBRUARY 16, 2021

With vulnerabilities rooted in unsuspecting users, the task of preventing these attacks means both staff training and a robust email and network security system that includes a strong backup program so you have a recent copy of your data that you can roll back to. Offline Backups. Screenshot example. Version restores.

Ransomware 97

Ransomware Backups Software Encryption 97

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. The proliferation of these guides enables more individuals to enter the cybercrime arena.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Webroot

SEPTEMBER 27, 2024

Nation-states are teaming up with cybercrime gangs Cybercrime is no longer just about lone hackers. Now, nation-states like Russia and China are working with organized cybercrime groups to launch highly targeted attacks on businesses, governments, and even individuals. on an external drive or in the cloud.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

Cytelligence

JANUARY 27, 2020

Effectiveness of data backup strategies. Unlocking – Organizations can either pay the ransom and hope for the cybercriminals to actually decrypt the affected files (which in many cases does not happen), or they can attempt a recovery by removing infected files and systems from the network and restoring data from clean backups.

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

Thales Cloud Protection & Licensing

AUGUST 11, 2021

Even the most critical damages caused by ransomware are repairable as long as you have a solid backup strategy. Successful attacks against high-profile organizations propel this cybercrime model the most. Ransomware incidents covered by cyber insurance policies.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

Spinone

OCTOBER 13, 2020

As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. It has been noted that paying a ransom demand only encourages this type of cybercrime and funds it. Backups aren’t working. Ransomware today can actually look for backup files along with user data.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

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. The proliferation of these guides enables more individuals to enter the cybercrime arena.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

SC Magazine

MAY 13, 2021

Are the backup and restore capabilities in place? Does the company have cyber insurance in place to pay a ransom? Running a tabletop exercise can help various stakeholders understand organizational and technical preparedness for an event of this nature. Are board members prepared to act? supply chain and national security.

Energy and Utilities 64

Energy and Utilities Ransomware Cyber Insurance Risk 64

SecureWorld News

MARCH 5, 2025

The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " The biggest danger is making rushed choices.

Cyber Risk 118

Cyber Risk Risk Small Business Cyber Insurance 118

Adam Levin

MARCH 2, 2020

And it wasn’t because the media paid more attention to this relative newcomer in the area of cybercrime. Bear in mind that your data backups will be of no use if they are also encrypted by a ransomware attack, so keep them stored separately and offline. If your company already has cyber insurance coverage, consider increasing it.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215

SecureWorld News

MAY 12, 2020

If the law firm had cyber insurance, the policy may cover part of a ransom payment. When Florida cities paid more than a million dollars to ransomware operators in 2019, insurance covered most of it. The company says we're not going to pay the ransom, or we've got the backups. Related podcast on cybercrime sophistication.

Ransomware 94

Ransomware Insurance Backups Passwords 94

Krebs on Security

MARCH 4, 2022

.” Conti managers were hyper aware that their employees handled incredibly sensitive and invaluable data stolen from companies, information that would sell like hotcakes on the underground cybercrime forums. For now, take a look at the documents and see if there is insurance and bank statements.” “We are Conti Group.

Ransomware 238

Ransomware Insurance Cyber Insurance Accountability 238