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. Why pay if you have restored access to your encrypted system, the way the University of Utah was able to do?

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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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SecureWorld News

AUGUST 18, 2020

Hackers encrypted some files. Here is Carnival Corporation's ransomware and cyber incident statement, in full: On August 15, 2020, Carnival Corporation and Carnival plc (together, the "Company," "we," "us," or "our") detected a ransomware attack that accessed and encrypted a portion of one brand’s information technology systems.

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Malwarebytes

NOVEMBER 1, 2021

Sadly, there’s rarely discussion about the lengthy recovery, which, according to the Ransomware Task Force, can last an average of 287 days , or about the complicated matter that the biggest, claimed defense to ransomware attacks—backups—often fail. Your backups may not work. Or so he thought. “We

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CyberSecurity Insiders

OCTOBER 20, 2021

The only saving grace was that the city had invested in both on-premise and cloud backups. When trying to log on to their computers, users were getting a message saying the systems had been encrypted with Ransom.Robinhood ransomware. Backup Strategy. Having a backup strategy is also critical. Still, it cost U.S. $18

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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.

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eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. These keys are available to the attacker, and the encryption can only be decrypted using a private key. How Does Ransomware Work?

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eSecurity Planet

OCTOBER 18, 2021

” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out.

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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.” Offline Backups.

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Security Affairs

JUNE 18, 2024

Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers. Even if the ransom is not paid, the costs associated with restoring data from backups and strengthening security can be substantial.

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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. SC Media asked two cyber experts with health care experience for their own take on which parts of the episode – written by Thomas L.

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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. These backups should be stored securely, ideally in a location separate from the primary data.

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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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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. Backup your data. Backups are the last line of defence against an attack that encrypts your data.

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Malwarebytes

NOVEMBER 15, 2023

Stop malicious encryption. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. This suggests a possible targeting preference of the Cl0p campaign towards educational institutions. Use EDR or MDR to detect unusual activity before an attack occurs.

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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. Strategies for individuals.

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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. Number one, we're going to want to think about the viability of the backups? Not only do we have backups but also have we tested them? Can we restore from these backups?

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Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups. At this point, typical defenses for ransomware, such as backups and restoration of systems and data, do not apply. What is Double Extortion Ransomware?

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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.

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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. Too many businesses cannot continue their activities until they recover the data encrypted by ransomware. Many collaborative platforms can help you recover the data encrypted by ransomware. They do it free of charge.

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Cytelligence

JANUARY 27, 2020

Cybercriminals or threat actors release a kind of malware which enters a computer system or network through fraudulent means and locks down files from access by encrypting them until a demanded ransom is paid to hackers in return for a decryption key. Effectiveness of data backup strategies. Increased speeds. Increased reliability.

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CyberSecurity Insiders

OCTOBER 24, 2022

Again, this incident demonstrates the importance of maintaining backups of data (especially sensitive and critical data) and managing human behavior as they access the systems. Cyber insurance. Often, educational institutions see cyber insurance as a needless expense. Make backups, and practice restoring from them.

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Education Cyber Attacks Cyber Insurance Insurance 58

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. This allows you to minimize the data that can be encrypted or stolen, reducing the blast radius of an attack. Deploy inline data loss prevention. Have a response plan.

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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.

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Government Cybersecurity Cyber Insurance Insurance 68

NetSpi Executives

APRIL 27, 2024

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. Attempt access to file and SQL servers with privileged accounts.

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Malwarebytes

JULY 27, 2022

A solution that provides options for file recovery (in case something does get encrypted) Finally, these features are valuable for detecting and thwarting all malware , not just ransomware: Exploit prevention Behavioral detection of never-before-seen malware Malicious website blocking Brute force protection.

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Digital Shadows

JANUARY 14, 2025

Organizations can use threat hunting and behavioral analytics to spot early signs of ransomware attacks, such as unusual file encryption or lateral movement. Implement and regularly review immutable backups to protect critical data from tampering or deletion.

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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. As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. Why do businesses pay the ransom?

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Centraleyes

JUNE 11, 2024

Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering. Get Cyber Insurance Organizations turn to cyber insurance to transfer risk to an organization that would cover the costs of a cyber attack, mitigating their own risk.

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Risk Cyber Insurance Insurance Authentication 52

SC Magazine

JUNE 14, 2021

Create backups and secure remote access, because during COVID, [the majority of attacks] were remote access credential stuffing or credential reuse, where the remote access didn’t have MFA enabled, and it was either RDP or a VPN concentrator. Sometimes they have the cyber insurance policy. So you can’t lie to them.

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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.

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ForAllSecure

MAY 30, 2023

” Over the next few weeks, chats from encrypted Telegram, and other communications were leaked. 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. Of the of the incident.

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Security Boulevard

MAY 17, 2023

His name is Omar Masri and he's a software engineer and also the founder and CEO of Mamari.io, which helps businesses overcome the cost and complexities of cybersecurity, preventing attacks while meeting compliance and cyber insurance requirements. You got hacked, you’re sort of just paid, your insurance covered it.

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Hacking Insurance Small Business Cybersecurity 52

Security Affairs

OCTOBER 20, 2024

Every week the best security articles from Security Affairs are free in your email box. Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

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Data breaches Cybercrime Cyber Insurance Marketing 117

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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Pen Test

OCTOBER 10, 2023

A particularly insidious new trend is the rise of "double extortion" attacks, in which cybercriminals not only encrypt an organization's data but also threaten to publicly release sensitive stolen information if the ransom is not paid. CryptoLocker, in 2013, pioneered the use of strong encryption algorithms.

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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. Additionally, securing internal documents with encrypted storage and using safe file-sharing platforms is crucial, especially when sharing externally.

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