CyberSecurity Insiders

OCTOBER 20, 2021

The only saving grace was that the city had invested in both on-premise and cloud backups. To prepare for ransomware attacks, Okumu stressed the importance of an incident response plan (IRP) that addresses both the technology and business sides of recovery. Backup Strategy. Having a backup strategy is also critical.

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Ransomware Backups Insurance Cyber Insurance 111

Thales Cloud Protection & Licensing

MAY 9, 2022

While implementation of security technologies such as multi-factor authentication and encryption have slightly increased, we have not yet reached the level where the majority of applications, data and operational technology are fully protected. Cyber insurance coverage ramps up.

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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.

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eSecurity Planet

OCTOBER 18, 2021

“From a technological standpoint this is a fairly old case, so whatever was in place then probably isn’t relevant to what needs to be in place today – but it does tie together the absolute gravity of the situation that we’re in,” Crockett said. ” Cyber Insurance No Longer Reliable.

Ransomware 101

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SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Choosing the right technology partners Selecting technology partners who understand the unique security challenges that nonprofits can face is crucial.

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Security Boulevard

JUNE 26, 2022

That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. Technology Producers and Corporate Consumers. Does the technology producer have the needed resources to sustain operational technology expectations even during budget cuts?

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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. Adaptive Monitoring and Tagging.

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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. CISA, GSA, and the National Institute of Standards and Technology (NIST) help monitor for issues in the namespace. Partner up!

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Government Cybersecurity Cyber Insurance Insurance 75

eSecurity Planet

APRIL 6, 2023

Cybersecurity best practices can also stop and prevent ransomware attacks: Endpoint security: Antivirus and EDR tools offer good protection against malware in general and are a cornerstone cybersecurity technology. A reliable backup is the quickest way to recover from a ransomware attack, but proper response and investigation will help.

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Ransomware Backups Encryption Cybersecurity 97

SecureWorld News

SEPTEMBER 14, 2021

Bad actors are always looking for ways to garner information and they have access to advanced technology. They followed the FBI’s advice to not pay the hackers and restored their system from backups they had kept for such an emergency. I’m tech-deficient but [know] enough to protect our information,” said the parent.

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Malwarebytes

JULY 27, 2022

In other words, ransomware attackers are not usually using any advanced technology or tactics: a lot of times it’s simply an attack of opportunity. How do you restore from backups , and what backups are most important to restore from first? For example, your network might have had a vulnerability.

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Malwarebytes

OCTOBER 19, 2022

Make offsite, offline backups. To make this possible you’ll need comprehensive, recently tested, backups that are both offline and offsite, beyond the reach of your attackers. A muli-layered approach to cyber attack prevention. Our article on 5 technologies that help prevent cyberattacks for SMBs is a great start.

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NetSpi Executives

APRIL 27, 2024

Ransomware, a definition Ransomware is a set of malware technologies, hacking techniques, and social engineering tactics that cybercriminals use to cause harm, breach data, and render data unusable. Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Protect your backup systems.

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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.

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Insurance Cyber Insurance Ransomware Risk 67

Centraleyes

JUNE 11, 2024

It’s about laying down a blueprint that can adapt and morph in real-time Integrate Technology into Risk Management Processes Integrating cutting-edge technological tools into risk management introduces new levels of efficiency and insight for security teams. Time is of the essence when it comes to patch management.

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Risk Cyber Insurance Insurance Authentication 52

SC Magazine

FEBRUARY 25, 2021

On Wednesday – just Wednesday – news stories emerged about an airplane maker, information technology giant and computer game company all having operations disrupted by ransomware. In the last year, such attacks have swept through every sector, affected schools, hospitals, critical infrastructure, transportation and governments.

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Ransomware Insurance Government Cryptocurrency 104

SC Magazine

JUNE 15, 2021

Will our cyber insurer buy it or would we?” Even before the recent high-profile attack, industrial giant Hitachi put in place a trusted endpoint solution to provide maximum security against ransomware, and also backup systems and business continuity procedures along with cyber insurance to reduce the risk as much as possible.

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Ransomware Insurance Cyber Insurance Risk 60

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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Ransomware Encryption Backups Cyber Insurance 71

Security Boulevard

JUNE 23, 2022

Meanwhile, the chief information officer, who has a very different mandate, often covers cyber security at the most senior level, yet IT operations and security priorities frequently conflict. Boards can learn a lot from how security and technology leaders work together, but the best way to do this is to consult both of them.

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Centraleyes

MARCH 19, 2024

Organizations need to prepare for the future of work by investing in collaboration tools and technology that foster adaptability. Provide documentation as a guide for understanding and analyzing potential cyber incidents. Test Backup and Restore Capabilities: Assess the backup and restore capabilities outlined in the DRP.

Risk 52

Risk Backups Technology Cyber threats 52

Digital Shadows

OCTOBER 14, 2024

This continued slowed growth that began in Q2 2024 likely stems from the enhanced detection capabilities of endpoint detection and response (EDR) technologies. 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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Ransomware Social Engineering Insurance Cyber Insurance 94

Duo's Security Blog

JULY 6, 2021

The eight areas are: Application Control Patch Applications Configure Microsoft Office Macro Settings User Application Hardening Restrict Administrative Privileges Patch Operating Systems Multi Factor Authentication Daily Backups Each area comes with guidance to improve maturity of the area. How Do These Directives Make an Impact Short-term?

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Government Architecture Backups Encryption 143

Pen Test

OCTOBER 10, 2023

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. Keep backups completely isolated and air-gapped offline to prevent malware from infecting those too. Use immutable object storage for backups.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

SC Magazine

MAY 13, 2021

Technological obsolescence. As cybercriminals seek opportunities for extortion, our reliance on emerging technology makes our critical infrastructure highly vulnerable based on its enormous attack surface area. Many ICS environments operate with obsolete technology that’s patched infrequently if at all.

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Energy and Utilities Ransomware Cyber Insurance Risk 64

SC Magazine

JUNE 21, 2021

Backups often fail as a solution because of multiple extortion vectors or technological issues. For the broader ecosystem of organizations that can be affected by ransomware, the problem can be “existential,” said Joshua Motta, CEO of cyber insurer Coalition.

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Ransomware Insurance Government Cyber Insurance 118

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

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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. 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

Cisco Security

MARCH 22, 2022

It’s easy to get jaded or to let down our guard because we have not seen the cyber meltdown that was predicted to coincide with the onset of a kinetic conflict involving top-tier military powers. Backup all critical data at least daily. Cyber insurance is not the answer! You need the proper controls with or without it.

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Cyber Insurance Authentication Insurance Cyber Risk 66