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. It had cyber insurance: "The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.

Ransomware 98

Ransomware Cyber Insurance Insurance Backups 98

SecureWorld News

AUGUST 18, 2020

Ransomware attacks: another argument for cyber insurance? Business interruption, loss of revenue and reputational damages are all financial burdens that cyber insurance can provide relief for. Partnering with a trusted insurance carrier with dedicated cybersecurity expertise is a must.".

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

eSecurity Planet

JULY 8, 2022

With a cyberattack, it’s more than just data that needs protecting—at risk is really the entire physical infrastructure from applications and operating systems down to low-level firmware and BIOS. This type of backup and DR technology offers RPOs measured in hours. See the Best Backup Solutions for Ransomware Protection.

Backups 142

Backups Ransomware Technology Marketing 142

CyberSecurity Insiders

OCTOBER 20, 2021

The only saving grace was that the city had invested in both on-premise and cloud backups. On the business side, the plan should address elements such as having a communication plan for the CISO, CIO and company executives as well as a risk management component that includes cyber insurance. Backup Strategy.

Ransomware 111

Ransomware Backups Insurance Cyber Insurance 111

Security Affairs

JUNE 18, 2024

In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. The indirect costs of ransomware attacks are often even more damaging.

Ransomware 140

Ransomware Cryptocurrency Insurance Cybercrime 140

SecureWorld News

SEPTEMBER 23, 2021

His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. It starts with having a robust strategic plan that focuses on risk management. Within that, it's four categories: preparation, updates, protection, and backups.

Ransomware 96

Ransomware Cyber Insurance Insurance Government 96

Centraleyes

JUNE 11, 2024

Understanding the Foundation of Risk Mitigation Implementing robust risk mitigation strategies is essential to navigating the complexities of risk-related compliance activities. But before discussing risk mitigation techniques , we must discuss the necessary prep work.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

Duo's Security Blog

DECEMBER 7, 2022

But what are the risks with this approach? The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. But MFA should not only be viewed as a prerequisite for obtaining cyber liability insurance.

Insurance 98

Insurance Cyber Insurance Ransomware Risk 98

SecureWorld News

MAY 18, 2021

This is what informs his perspective: "My role in practical terms is to be somewhat like the conductor of the symphony that comes in when there's this issue to work with cyber insurance providers, t o work with forensics firms, to work with PR firms, to work with data decryption negotiation firms, all of this. W e've got backups.

Ransomware 96

Ransomware Backups Cyber Insurance Risk 96

Webroot

SEPTEMBER 24, 2024

Having regular backups means you can recover without having to pay a ransom. For consumers: Keep personal backups of important files (photos, documents, etc.) For SMBs: Consider a cybersecurity audit to identify any weaknesses in your system, and make sure your backup plans are up to date. on an external drive or in the cloud.

Cyber threats 114

Cyber threats Small Business Scams Cybercrime 114

eSecurity Planet

OCTOBER 18, 2022

The best defense and the best option for recovery will always be the availability of sufficient, isolated data backups and a practiced restoration process. However, even with the best planning, organizations can find a few users, machines, or systems that were overlooked or whose backup may be corrupted or encrypted.

Ransomware 145

Ransomware Encryption Insurance Backups 145

SecureWorld News

JANUARY 21, 2024

Additionally, nonprofits must be aware of the risks posed by inadequate security in third-party services they use, such as fundraising platforms and email services. Financial risks and consequences Various cyberattacks on nonprofits can lead to direct financial losses through stolen funds or ransom demands.

Cybersecurity 104

Cybersecurity Backups Cyber threats Software 104

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. Cybersecurity risks should never spread beyond a headline.

Ransomware 93

Ransomware Backups Education VPN 93

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. Description. Staff Awareness.

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. Ransomware attacks, in particular, pose a significant risk, though some sectors and regions are more vulnerable than others.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

eSecurity Planet

APRIL 6, 2023

While a typical ransomware attack just encrypts the data, exfiltration raises the risk by threatening to make sensitive data public. The developer has fewer risks, and the buyer does all of the work. There are, however, some industries at higher risk than others. Supply chain companies are primarily at risk.

Ransomware 98

Ransomware Backups Encryption Cybersecurity 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 63

Insurance Cyber Insurance Ransomware Backups 63

Malwarebytes

SEPTEMBER 30, 2022

And a key part of building out any cybersecurity policy for your local government is to develop an organizational understanding of risk to systems, people, data, and so on. Take cyber insurance , for example. Related : Cyber threat hunting for SMBs: How MDR can help. Also delivered free of charge by the NCATS team.

Government 69

Government Cybersecurity Cyber Insurance Insurance 69

Malwarebytes

DECEMBER 20, 2022

A little recovery time Don’t wait until ransomware is in your network and encrypting everything to ask if someone has a backup. Law enforcement, cyber insurance (if you have it), external security contractors may well be some of the first entities on your list. Cybersecurity risks should never spread beyond a headline.

Ransomware 96

Ransomware Backups Cyber Insurance Encryption 96

Digital Shadows

OCTOBER 14, 2024

ReliaQuest’s GreyMatter Digital Risk Protection (DRP) is an effective security operations tool to help security teams mitigate data exposures, breaches, brand threats, and third-party risks through features like asset-based monitoring, extensive data source coverage, and credential leak detection.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

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.

Education 58

Education Cyber Attacks Cyber Insurance Insurance 58

Digital Shadows

JANUARY 14, 2025

The risk is further heightened by the wide range of tactics and techniques these groups employ, complicating defense efforts against potential attacks. Even if many groups carry out only a few attacks, their growing numbers amplify the overall risk.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

Spinone

DECEMBER 8, 2016

What is G Suite Security Insurance? There are many G Suite security risks. G Suite security insurance removes and mitigates major risks of malware attacks and imposes those on the insurance company. Many small businesses rely on manual backup practices such as nightly backups to external storage media.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

SC Magazine

JUNE 15, 2021

In that sense, leaders across the executive team are being briefed about the likelihood of attack, and weighing potential costs tied to risk against nearer term cybersecurity investments. They’re not going to save $250,000 at the risk of, say, $5 million,” Corll added. Will our cyber insurer buy it or would we?”

Ransomware 60

Ransomware Insurance Cyber Insurance Risk 60

Security Boulevard

JUNE 26, 2022

That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. If the CEO requires a 20% reduction across the whole organization, reducing security only puts the company at risk for a breach that could make far more financially impactful than a drop in sales.

Information Security 98

Information Security Technology Marketing Data breaches 98

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

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Sopra Steria - One of the Largest Reported Ransoms Europe's major IT services firm Sopra Steria was breached in October 2020 by the Ryuk gang, with extensive backups preventing major disruption.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Security Boulevard

JUNE 23, 2022

In just a few years, cyber has transformed from the nerd in the corner into the Kim Kardashian of risk. businesses can be built on, and destroyed by, cyber risk. Ask your cyber exec to explain the threats facing the organisation. discuss how your company’s culture supports cyber security and risk management.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

Webroot

SEPTEMBER 27, 2024

Having regular backups means you can recover without having to pay a ransom. For consumers: Keep personal backups of important files (photos, documents, etc.) For SMBs: Consider a cybersecurity audit to identify any weaknesses in your system, and make sure your backup plans are up to date. on an external drive or in the cloud.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

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

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. These methods provide significant security risks for businesses of all sizes. What is Double Extortion Ransomware?

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

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. Ransomware incidents covered by cyber insurance policies. Insurance is a valid and efficient tool mitigating the risks of encryption posed by your system's exposure to malware.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

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?

Ransomware 52

Ransomware Backups Data breaches Encryption 52

Centraleyes

MARCH 19, 2024

Critical considerations include assessing business recovery risks, ensuring employee safety, and mitigating financial losses. Accelerating a multi-cloud strategy adds layers of resilience, allowing organizations to mitigate downtime risks and scale services based on demand. How Do Disaster Recovery Plans Work?

Risk 52

Risk Backups Technology Cyber threats 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. Ransomware attacks, in particular, pose a significant risk, though some sectors and regions are more vulnerable than others.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

Cyber Insurance 131

Cyber Insurance Insurance Marketing Cyber Attacks 131

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. But actually, the biggest change is actually how risk was assessed in cybersecurity.

Hacking 52

Hacking Insurance Small Business Cybersecurity 52