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.

Ransomware 105

Ransomware Cyber Insurance Insurance Digital transformation 105

Duo's Security Blog

DECEMBER 7, 2022

The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. What are you doing about backups? For more on this take a look at our guide: How Cyber Insurance Can Be a Lifeline in Today’s Evolving Threat Landscape.

Insurance 98

Insurance Cyber Insurance Ransomware Risk 98

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. Ransomware facts. Version restores.

Ransomware 97

Ransomware Backups Software Encryption 97

Digital Shadows

OCTOBER 14, 2024

English-speaking countries, particularly the US, UK, Canada, and Australia, have well-developed insurance markets and higher cybersecurity awareness, resulting in higher ransomware insurance adoption. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

Security Boulevard

JUNE 26, 2022

CEO: “ Due to complications in the market with unexpected changes in product and customer spending, we are going to announce a 20% in headcount, expenses, and capital projects for the remainder of the year.”. That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line.

Information Security 98

Information Security Technology Marketing Data breaches 98

Digital Shadows

JANUARY 14, 2025

A more crowded landscape will likely drive ransomware operators to demand higher ransoms and adopt more sophisticated attack strategies to ensure their market share. This access allows newcomers to launch significant attacks with minimal investment, intensifying competition as groups rush to capture market share.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

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. This includes maintaining rigorous backup policies, enhancing endpoint visibility, and ensuring all software is up to date.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

SC Magazine

FEBRUARY 25, 2021

One particularly unsubtle way to reduce the market for ransomware would be to expand this ban ad infinitum and legally ban payment of any ransom to anyone. 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.

Ransomware 104

Ransomware Insurance Government Cryptocurrency 104

NetSpi Executives

APRIL 27, 2024

Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Average ransomware payouts are on the rise as attackers target bigger companies, specific sectors, and markets with deeper pockets. Some can’t afford not to pay, and some are covered by cyber insurance.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

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.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

According to a recent market study 1 , 71% of individuals surveyed said double and triple extortion tactics have grown in popularity over the last 12 months, and 65% agree that these new threats make it tougher to refuse ransom demands. What is Double Extortion Ransomware?

Ransomware 71

Ransomware Encryption Backups 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. 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

JUNE 14, 2021

We’re not marketing this as something we want to make money off of. 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.

Ransomware 85

Ransomware Passwords VPN Cyber Insurance 85

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.

Hacking 52

Hacking Insurance Small Business Cybersecurity 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. This includes maintaining rigorous backup policies, enhancing endpoint visibility, and ensuring all software is up to date.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

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. They'll look at the market cap, they'll look at stock prices, they'll look at the size of the organization. By no means. VAMOSI: Should you pay?

Ransomware 40

Ransomware Encryption Authentication Backups 40

SC Magazine

JUNE 21, 2021

If no one paid ransom, the argument goes, there would be no market for ransomware. Backups often fail as a solution because of multiple extortion vectors or technological issues. One of the most common suggestions to deal with the ransomware scourge – also one of the most controversial – is to ban the payment of ransoms.

Ransomware 118

Ransomware Insurance Government Cyber Insurance 118

SecureWorld News

MARCH 5, 2025

has imposed new tariffs on Canada, Mexico, and China, setting off a geopolitical and economic ripple effect that extends beyond supply chains and global markets. Thinking a bit more widely, though, I can imagine there will be a concomitant rise in cyber espionage and attacks between groups of impacted groups in China and the U.S.

Cyber Risk 112

Cyber Risk Risk Small Business Cyber Insurance 112

Adam Levin

DECEMBER 27, 2019

With the demand for cybersecurity professionals far exceeding supply, the market will start having openings for less qualified people. We will also see better backup practices that will help minimize or neutralize the threat of these attacks. . You’re going to have personal cyber insurance.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100