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 91

Cybersecurity Backups Cyber threats Software 91

Malwarebytes

JANUARY 15, 2023

Special Educational Needs (SEN) data. 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. Backups are the last line of defence against an attack that encrypts your data. Avoiding the breach.

Ransomware 71

Ransomware Backups Education VPN 71

eSecurity Planet

APRIL 6, 2023

Education, government, energy and manufacturing are others. Cyber criminals have learned that it is not only businesses that make soft targets for the attacks. Similarly, the education sector has also become a soft target for ransomware. There are, however, some industries at higher risk than others.

Ransomware 94

Ransomware Backups Encryption Cybersecurity 94

SecureWorld News

DECEMBER 2, 2020

issued an unusually detailed statement to investors about the cyberattack, its decision to pay the ransom and next moves by the online education provider. For starters, the company says hackers did not gain access to its Learning Management System (LMS) which delivers educational content and classes to its students. How old are they?

Insurance 53

Insurance Cyber Insurance Ransomware Backups 53

SecureWorld News

SEPTEMBER 14, 2021

2020 saw a record number of cyberattacks—and threats for school, university, and other educational institutes are growing each day. They followed the FBI’s advice to not pay the hackers and restored their system from backups they had kept for such an emergency. Unfortunately, there is no perfect profile for a cybercriminal.

Cyber Insurance 87

Cyber Insurance Ransomware Insurance Backups 87

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. Lock down Remote Desktop Protocols (RDP) Educate end users Install reputable cybersecurity software Set up a strong backup and disaster recovery plan.

Malware 67

Malware Antivirus DDOS Cyber Insurance 67

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. Check out our government case studies and education pages for more information. Baltimore learned this the hard way. (An

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Government Cybersecurity Cyber Insurance Insurance 57

SC Magazine

JUNE 15, 2021

We won’t ruin our reputation” with a security failure, said Benjamin Corll, vice president of cyber security and data protection at industrial thread company Coats. I’m not going to educate them, to say ‘Can I have your attention?’ Will our cyber insurer buy it or would we?” The news has their attention.”.

Ransomware 60

Ransomware Insurance Cyber Insurance Risk 60

Security Boulevard

JUNE 2, 2022

Some industries saw particularly high growth of double-extortion attacks, including healthcare (643%), food service (460%), mining (229%), education (225%), media (200%), and manufacturing (190%). Double extortion ransomware increased by 117%. Have a response plan.

Ransomware 105

Ransomware Architecture Manufacturing Encryption 105

NetSpi Executives

APRIL 27, 2024

Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Some can’t afford not to pay, and some are covered by cyber insurance. Protect your backup systems. Does backup protect against ransomware? That’s why off-site backups are critically important for recovery.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

SC Magazine

JUNE 30, 2021

Of that group, some were willing to let their districts part with sizable amount of money, even though local taxpayers would be (at the very least indirectly via cyber insurance costs) taking a hit as well. We recommend they invest in security and backups to better defend against the threat.”. It’s a balancing act.”AS.

Ransomware 82

Ransomware Backups Cyber Insurance Media 82

Spinone

OCTOBER 13, 2020

As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. Restoring from backup is certainly preferable to paying the bad guys for the damage they have inflicted. Ransomware today can actually look for backup files along with user data.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

SC Magazine

FEBRUARY 25, 2021

It’s a little blunt to be a solution,” said Mike McNerney, chief operating officer of Resilience, which provides cyber insurance, and a former policy adviser to the Department of Defense. “We’re going to end up criminalizing being a victim. They will still pay, but it will be illegal. Part of the problem is technical.

Ransomware 104

Ransomware Insurance Government Cryptocurrency 104

ForAllSecure

MAY 30, 2023

Obviously, organizations gotten smart to that and they started doing offline backups securing their backups differently, so that they would continue to have access and availability. By no means. Does that mean that there was no ransomware occurring? VAMOSI: Should you pay?

Ransomware 40

Ransomware Encryption Authentication Backups 40

Digital Shadows

OCTOBER 14, 2024

To counter these methods, organizations should prioritize educating users on phishing and social engineering techniques. However, given the increasing sophistication of these attack techniques, education alone isn’t always enough to prevent a cyber attack. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

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. To counter this, organizations should continually educate themselves on emerging trends and forum discussions around techniques.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

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. To counter this, organizations should continually educate themselves on emerging trends and forum discussions around techniques.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52