IT Security Guru

JUNE 17, 2024

Reports suggest annual revenues from ransomware attacks are already in the tens of billions, while some predict ransomware damage costs will exceed $265 billion by 2031. Reports suggest annual revenues from ransomware attacks are already in the tens of billions, while some predict ransomware damage costs will exceed $265 billion by 2031.

Ransomware 137

Ransomware Insurance Risk Backups 137

Hacker Combat

JUNE 2, 2022

ransomware to conduct the cyber-attack, the hackers threaten to expose stolen files unless the company pays a ransom. The ransomware gang demanded over $34 million in bitcoin to be paid as ransom. How to Recognize a Ransomware Attack. How to Prevent Ransomware Attacks. using the LockBit 2.0

Ransomware 132

Ransomware Manufacturing Antivirus Cyber Risk 132

The Hacker News

FEBRUARY 14, 2023

From a cyber risk perspective, attacks on data are the most prominent threat to organizations. Regulators, cyber insurance firms, and auditors are paying much closer attention to the integrity, resilience, and recoverability of organization data – as well as One thing is clear.

Cyber Insurance 85

Cyber Insurance Backups CISO Insurance 85

SecureWorld News

MAY 18, 2021

This was fallout from the Colonial Pipeline shutdown due to a ransomware attack—a legitimate story, for sure. What kind of pressure hits an organization as it conducts incident response to a devastating ransomware attack? For context, here is where Tuma fits into the ransomware incident response process. W e've got backups.

Ransomware 91

Ransomware Backups Cyber Insurance Risk 91

Malwarebytes

APRIL 3, 2023

CISA (Cybersecurity and Infrastructure Security Agency) has published the first results of its pre-ransomware notifications that were introduced at the start of 2023. In order to develop the pre-ransomware notifications, CISA established the Joint Cyber Defense Collaborative (JCDC) to "unify cyber defenders from organizations worldwide".

Ransomware 97

Ransomware Backups Encryption Cyber Risk 97

SecureWorld News

AUGUST 21, 2020

Now you can add a ransomware attack to the list of disruptions the University is juggling. What are details of the University of Utah ransomware attack? The ISO assisted the college in restoring locally managed IT services and systems from backup copies. Why is higher education a hot target for ransomware operators?

Ransomware 97

Ransomware Cyber Insurance Insurance Backups 97

SecureWorld News

AUGUST 18, 2020

The Carnival Corporation, which has canceled cruises for months now as a result of COVID-19, says one of its cruise brands was hit with a ransomware cyberattack. What do we know about the Carnival Cruises ransomware attack? Ransomware attacks 2020: what do cybercrminals want? Hackers exfiltrated (removed) some data.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

Security Affairs

NOVEMBER 14, 2022

As the risk of a cyberattack grows, it is pivotal to consider whether the directors of a company hit by a ransomware attack, for example, can bear any liability for negligence in failing to take steps to limit the risk. The size of the cyber risk to companies cannot be underestimated.

Cyber Risk 142

Cyber Risk Insurance Cyber Attacks Risk 142

SecureWorld News

JULY 2, 2024

Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management.

Cyber Insurance 110

Cyber Insurance Insurance Cyber Risk Marketing 110

Malwarebytes

JANUARY 21, 2022

CISA says it wants to ensure that senior leaders at every organization in the United States, regardless of sector or size, are aware of critical cyber-risks, and take urgent steps to reduce the likelihood and impact of a potentially damaging compromise. Backups should, of course, be isolated and out of the reach of potential attackers.

Backups 127

Backups Risk Malware Software 127

Spinone

APRIL 13, 2020

In this cyber security guide , we’ll help you to learn more about risks and cyber security best practices for remote work. Cyber Risks of Remote Work For many organizations, the global coronavirus epidemic played a significant role in their decision to let employees work out of office.

Backups 98

Backups Phishing Ransomware Risk 98

SecureWorld News

NOVEMBER 4, 2020

Securities and Exchange Commission (SEC), and it gave a glimpse into a ransomware attack which hit the company earlier in the year. What we know about the Mattel ransomware attack. The company's SEC filing revealed the ransomware attack was detected on July 28, 2020. Was it from backups or perhaps paying a ransom?

Ransomware 60

Ransomware Cyber Risk Risk Retail 60

CyberSecurity Insiders

FEBRUARY 3, 2023

The company is, however, not interested in bowing down to the demands of hackers and is interested in recovering their data from backups, as they already have a proactive data continuity plan in place. NOTE 1- The Guardian’s UK branch was the first to get targeted in the attack on December 20th,2022 and it was of ransomware variant.

Cyber Attacks 117

Cyber Attacks Artificial Intelligence Identity Theft Cyber Risk 117

Security Affairs

MARCH 27, 2019

Norwegian aluminum giant Norsk Hydro estimates more than $40 million losses in the first week following the ransomware attack that disrupted its operations. The news of the cyber attack had an immediate economic impact and caused a drop in the share price of 2.0 SecurityAffairs – Norsk Hydro, ransomware). Pierluigi Paganini.

Insurance 109

Insurance Cyber Attacks Ransomware Advertising 109

The Last Watchdog

DECEMBER 12, 2023

Related: Adopting an assume-breach mindset With that in mind, Last Watchdog invited the cybersecurity experts we’ve worked with this past year for their perspectives on two questions that all company leaders should have top of mind: •What should be my biggest takeaway from 2023, with respect to mitigating cyber risks at my organization?

Cybersecurity 258

Cybersecurity Social Engineering Cyber threats Software 258

CyberSecurity Insiders

DECEMBER 14, 2021

With CyberScan, customers can uncover cyber exposures and blind spots within their production environment by running on-demand and automated scans on backup snapshots against known vulnerabilities. Studies show that ransomware attacks soared 93% in the first half of 2021.

Cyber Risk 52

Cyber Risk Ransomware Risk Backups 52

Security Boulevard

OCTOBER 27, 2022

Key Infrastructure and Critical Vulnerabilities: Attack Against Tata Power Highlights Cyber Risk to India’s Growing and Increasingly Connected Population. 1) In late October, Hive ransomware claimed the attack and began leaking data stolen from Tata Power on its website. (16) 12 , 13 , 15 ).

Cyber Risk 52

Cyber Risk Risk Cryptocurrency Backups 52

CyberSecurity Insiders

JANUARY 18, 2022

The same symptoms will occur in your IT environment as the malware spreads downloading data and expanding across your global network corrupting backups and leaving little options. Ransomware and stolen customer data can put an enterprise out of business for months. In others, it is a lack of budgetary foresight creating cyber risk.

Cybersecurity 104

Cybersecurity Backups Social Engineering Architecture 104

Digital Shadows

OCTOBER 23, 2024

This English-speaking collective previously served as an affiliate for ransomware group “ALPHV” and now partners with “RansomHub.” This concealed their attack until the environment was encrypted and backups were sabotaged. Since at least August 2023, Scattered Spider has been collaborating with ransomware-as-a-service (RaaS) groups.

Social Engineering 122

Social Engineering Engineering Accountability Backups 122

IT Security Guru

FEBRUARY 28, 2023

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 Risk 131

Spinone

JANUARY 3, 2019

This G Suite Backup and G Suite Security Guide covers 9 burning-hot cloud security topics. The following articles will provide insights into practical cybersecurity, each is a simple step-by-step walkthrough to solve common problems using G Suite backup and G Suite security best practices.

Backups 40

Backups Education Ransomware Risk 40

eSecurity Planet

DECEMBER 23, 2021

Also read: Best Backup Solutions for Ransomware Protection. In addition, 91 percent said that their budgets for third-party cyber-risk management would increase in 2021. Third-party cyber-risk must become a priority at companies, Bixler said. 2021 a Tough Year in the Supply Chain.

Cyber Risk 141

Cyber Risk Risk Software Marketing 141

Security Boulevard

DECEMBER 6, 2023

Taking a Proactive Approach to Mitigating Ransomware Part 1: You Can’t Neglect the Application Layer ltabo Wed, 12/06/2023 - 18:42 Ransomware continues to dominate cybersecurity news. Recovery costs for ransomware attacks have also continued to increase year-over-year, up 30% from 2022 to 2023.

Ransomware 64

Ransomware Digital transformation InfoSec Risk 64

SecureWorld News

JUNE 4, 2024

"Misconfigurations, over-permissive access settings, and confusion around shared security responsibilities with providers creates constant breach risks." Some newer ransomware variants now exfiltrate sensitive data prior to encryption to further incentivize ransom payment through additional extortion leverage.

Data breaches 109

Data breaches Social Engineering Ransomware Backups 109

CyberSecurity Insiders

AUGUST 17, 2022

One type of scary cyberattack that has become more prevalent is ransomware, a type of malicious software that gains access to files or systems and blocks user access to those files or systems. 2020 not only introduced us to the COVID-19 pandemic, but it also brought about what many refer to as a cyber pandemic. 1 and June 4.

Government 109

Government Cyber Attacks Backups Risk 109

SecureWorld News

JUNE 30, 2021

It is not very often that a ransomware attack can actually cause physical harm to a person. Now, we are seeing it again with a ransomware attack that targeted Scripps Health. Scripps Health patients affected by ransomware. Scripps Health patients affected by ransomware. Class action lawsuits against Scripps Health.

Ransomware 59

Ransomware Data breaches Healthcare Identity Theft 59

SecureWorld News

JUNE 30, 2021

It is not very often that a ransomware attack can actually cause physical harm to a person. Now, we are seeing it again with a ransomware attack that targeted Scripps Health. Scripps Health patients affected by ransomware. Scripps Health patients affected by ransomware. Class action lawsuits against Scripps Health.

Ransomware 59

Ransomware Data breaches Healthcare Identity Theft 59

Thales Cloud Protection & Licensing

OCTOBER 4, 2021

Malign actors are using cyber capabilities to steal from, disrupt, or otherwise threaten financial institutions, investors and the public.”. To address the escalating cyber risks, the Hong Kong Association of Banks (HKAB) developed and published guidelines for Secure Tertiary Data Backup (STDB). Controlled. Verifiable.

Banking 114

Banking Digital transformation Encryption Backups 114

SecureWorld News

APRIL 25, 2024

Non-essential operations were temporarily suspended as emergency response teams worked around the clock to understand the malware, prevent further damage, and initiate backups and recovery procedures where possible. Leighton added: "Personally, I'm not convinced that this is solely a ransomware attack.

Cyber Attacks 86

Cyber Attacks Energy and Utilities Cyber Risk Risk 86

Responsible Cyber

APRIL 8, 2020

If an employee is tricked by a malicious link in a phishing email, they might unleash a ransomware attack on their small business. Once access is gained, ransomware quickly locks down business computers as it spreads across a network. Businesses must also ensure they have secure backups of their critical data.

Cybersecurity 98

Cybersecurity DDOS Small Business Phishing 98

Duo's Security Blog

DECEMBER 7, 2022

Earlier this year, we held a webinar with providers of data-driven cyber risk analytics for the insurance industry CyberCube, in which its former head of cyber intelligence Darren Thomson shared insight into the topics insurers are prioritizing. What are you doing about backups? What are you doing about backups?

Insurance 98

Insurance Cyber Insurance Ransomware Risk 98

CyberSecurity Insiders

OCTOBER 23, 2021

The report provides an inside look at the insights and tools used by risk managers, IT departments, security researchers, and solution providers to hone their offerings and approaches to keeping organizations safe from evolving cyber threats. “By Ransomware claims and costs.

Insurance 59

Insurance Cyber Risk Ransomware Technology 59

eSecurity Planet

OCTOBER 15, 2024

Its primary goal is safeguarding sensitive information, detecting and responding to security incidents, and ensuring that data and systems remain secure against malware, ransomware, phishing, and hacking attempts. Lack of Awareness Many small business owners remain unaware of the specific cyber risks targeting their businesses.

Small Business 68

Small Business Cybersecurity Backups Firewall 68

Spinone

MAY 8, 2020

Coupled with the current pandemic and the cybersecurity threats that have been very prevalent and growing in recent years such as ransomware, there are many different cyber risk types n 2020 that your business needs to prepare for. What are the types of cyber security threats? A great example of this is ransomware.

Cyber Attacks 78

Cyber Attacks Phishing Backups Ransomware 78

Spinone

JULY 16, 2020

Data leakages, phishing attacks, ransomware infections, to name a few. For a compromised account, you can use the following measures of the response plan: Changing the access password immediately Neutralizing the attack or mitigating cyber risks Updating the system. Why is data backup so important?

Accountability 98

Accountability Backups Data breaches Passwords 98

Cytelligence

AUGUST 8, 2023

Understanding the cost of cybersecurity breaches is crucial for small business owners to highlight the importance of a cybersecurity audit and the role of ransomware services in safeguarding their operations and reputation. Falling victim to ransomware can result in severe business disruption, data loss, and an overwhelming financial burden.

Small Business 52

Small Business Cybersecurity Cyber threats Ransomware 52

Spinone

NOVEMBER 30, 2020

Types of cyber risks By probability: Unlikely, e.g., the infection with an old virus Likely, e.g., data breach through shadow IT. Highly probable, e.g., a ransomware attack. Harmful, e.g., the deletion of files in the absence of data backup. By area of impact: 1.

Risk 52

Risk Cybersecurity Cyber Risk Encryption 52