Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

Insurance 98

Insurance Ransomware Cyber Insurance Malware 98

Webroot

MARCH 3, 2025

March is a time for leprechauns and four-leaf clovers, and as luck would have it, its also a time to learn how to protect your private data from cybercrime. Backup solutions – Carbonite automatically backs up and protects your data. Social media privacy Avoid sharing personal information on social media.

Consumer Protection 84

Consumer Protection Identity Theft Scams Social Engineering 84

Security Affairs

JUNE 18, 2024

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. 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.

Ransomware 140

Ransomware Cryptocurrency Insurance Cybercrime 140

CyberSecurity Insiders

SEPTEMBER 20, 2021

Encryption and data backup. Invest in cybersecurity insurance. Cybersecurity insurance involves the transfer of financial risk that may arise from doing business online. Due to the fluctuating nature of cybersecurity risks, these insurance policies keep changing.

Cybersecurity 121

Cybersecurity Insurance Passwords Encryption 121

SecureList

JUNE 26, 2023

Scammers trying to hack the work account of an insurance company employee Below, we provide several examples of phishing pages that imitate various services in an attempt to get hold of the target company’s data and money. Make regular backups of essential data to ensure that corporate information stays safe in an emergency.

Cybercrime 123

Cybercrime Phishing Banking Malware 123

Security Affairs

MAY 12, 2024

In December 2023, Elliptic and Corvus Insurance published a joint research that revealed the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, cybercrime) ” reads the CSA.

Ransomware 142

Ransomware Hacking Healthcare Retail 142

Security Affairs

AUGUST 21, 2020

The University was able to recover the operations from the backups, but decided to pay the ransom to avoid having ransomware operators leak student information online. University of Utah officials explained that the university’s cyber insurance policy covered part of the ransom. ” continues the statement.

Ransomware 145

Ransomware Cyber Insurance Insurance Advertising 145

Security Affairs

MARCH 13, 2025

As of February 2025, Medusa developers and affiliates have impacted over 300 victims from a variety of critical infrastructure sectors with affected industries including medical, education, legal, insurance, technology, and manufacturing.” ” reads the joint advisory. Attackers use Mimikatz to steal credentials.

Ransomware 68

Ransomware Encryption Cryptocurrency Insurance 68

Krebs on Security

DECEMBER 29, 2022

Here’s a look at some of the more notable cybercrime stories from the past year, as covered by KrebsOnSecurity and elsewhere. 24, Russia invades Ukraine, and fault lines quickly begin to appear in the cybercrime underground. I will also continue to post on LinkedIn about new stories in 2023.

Cryptocurrency 288

Cryptocurrency Cybercrime Computers and Electronics Scams 288

Webroot

SEPTEMBER 24, 2024

Nation-states are teaming up with cybercrime gangs Cybercrime is no longer just about lone hackers. Now, nation-states like Russia and China are working with organized cybercrime groups to launch highly targeted attacks on businesses, governments, and even individuals. on an external drive or in the cloud.

Cyber threats 112

Cyber threats Small Business Scams Cybercrime 112

Krebs on Security

DECEMBER 13, 2021

For example, it is unclear how much data would have been unrecoverable if a decryption key had not become available as the HSE’s backup infrastructure was only periodically backed up to offline tape. Department of Homeland Security had obtained chatter from a top ransomware group which warned of an “imminent cybercrime threat to U.S.

Healthcare 325

Healthcare Ransomware Antivirus Hacking 325

CyberSecurity Insiders

SEPTEMBER 16, 2022

Every nation analyzed the trends of cybercrime as apprehensions rose. If law enforcement does not attempt to match cybercrime’s rapid rise in popularity, criminals will continue to get away with their actions. Take the medical and science sectors during the pandemic, for example — this event made them relevant targets for cybercrime.

Cybercrime 134

Cybercrime Identity Theft Government Technology 134

Security Affairs

JULY 15, 2019

The Ryuk virus got into the backup servers.” ” It seems that $100,000 out of $130,000 are being covered by insurance. . “La Porte County paid the ransom on a cyber attack that locked up part of the government’s computer system.

Insurance 103

Insurance Ransomware Government Malware 103

Security Affairs

SEPTEMBER 8, 2024

Head Mare hacktivist group targets Russia and Belarus Zyxel fixed critical OS command injection flaw in multiple routers VMware fixed a code execution flaw in Fusion hypervisor U.S.

Data breaches 121

Data breaches Artificial Intelligence Social Engineering Hacking 121

The Last Watchdog

DECEMBER 12, 2023

Focus on implementing robust backup and disaster recovery plans, user training, and the sharing of threat intelligence. Camellia Chan , Co-Founder and CEO, Flexxon Chan In a single month, major breaches hit MGM, DP World Australia, Philippine Health Insurance – just to name a few.

Cybersecurity 258

Cybersecurity Social Engineering Cyber threats Software 258

eSecurity Planet

MAY 30, 2024

Exposed Technical Issues & Other Consequences The initial information exposes the critical importance of using MFA to protect remote access systems and testing backup systems for disaster recovery. Companies should also use free tools available to them.

Healthcare 124

Healthcare Cybersecurity Ransomware Backups 124

SecureWorld News

SEPTEMBER 23, 2021

This ranges from Secret Service agents discussing elements of cyber hygiene with those they protect to tracking down cybercrime fugitives. The latest estimates are around 20% of actual ransomware instances get reported to law enforcement or insurance or regulators," Sheridan said. Cyberattacks now fall into its jurisdiction.

Ransomware 91

Ransomware Cyber Insurance Insurance Government 91

Security Affairs

JANUARY 3, 2022

CNA Financial (March 2021) – CNA Financial, one of the largest insurance companies in the US, reportedly paid a $40 ransom to restore access to its files following a ransomware attack that took place in March. Because the tool was too slow, the company used its backups to restore the systems.

Cyber Attacks 140

Cyber Attacks Ransomware Hacking Insurance 140

Security Affairs

OCTOBER 22, 2022

US government agencies warned that the Daixin Team cybercrime group is actively targeting the U.S. CISA, the FBI, and the Department of Health and Human Services (HHS) warned that the Daixin Team cybercrime group is actively targeting U.S. Healthcare and Public Health sector with ransomware.

Ransomware 79

Ransomware VPN Cybercrime Accountability 79

Security Affairs

JUNE 17, 2020

MaxLinear restored some of the systems using its backups, despite Maze Ransomware threatened to leak over 1TB of data allegedly stolen before encrypting the infected systems. “We carry cybersecurity insurance, subject to applicable deductibles and policy limits. ” states the SEC filing.

Ransomware 127

Ransomware Data breaches Advertising Insurance 127

Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. 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.

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. Version restores.

Ransomware 97

Ransomware Backups Software Encryption 97

Security Boulevard

APRIL 23, 2021

Business email compromise is a sticky, multifaceted cybercrime that almost inevitably starts with a phishing attack. For businesses, these messages can purport to be from technology firms, service providers, distributors, vendors, transportation companies, insurers and other companies that would regularly communicate with other businesses.

Phishing 101

Phishing Scams Media Accountability 101

Malwarebytes

MAY 16, 2023

The incident was noticed on March 14, and a week later PharMerica identified that the personal information accessed included names, dates of birth, Social Security numbers, medication lists and health insurance information. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers.

Identity Theft 96

Identity Theft Ransomware Data breaches Passwords 96

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. The company is not saying but they know who it was and evaluated that cybercrime group's track record before paying. Number one, we're going to want to think about the viability of the backups?

Insurance 58

Insurance Cyber Insurance Ransomware Backups 58

SecureWorld News

SEPTEMBER 14, 2021

This is also true for victims of cybercrimes, too. They followed the FBI’s advice to not pay the hackers and restored their system from backups they had kept for such an emergency. This example might seem extreme, but for some parents this exact scenario played out after hackers managed to steal their child’s data.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Backups 98

Webroot

SEPTEMBER 27, 2024

Nation-states are teaming up with cybercrime gangs Cybercrime is no longer just about lone hackers. Now, nation-states like Russia and China are working with organized cybercrime groups to launch highly targeted attacks on businesses, governments, and even individuals. on an external drive or in the cloud.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

eSecurity Planet

SEPTEMBER 14, 2022

Cybercrime is a growth industry like no other. Finance and insurance finished a close second at 22.4%. Finance and insurance companies were particularly vulnerable to the sort of phishing scams we’re talking about. In 2021 alone, IC3 received 847,376 complaints which amounted to $6.9 billion in reported losses.

Social Engineering 122

Social Engineering Energy and Utilities Phishing Internet 122

SecureList

MAY 8, 2024

In early 2023, France implemented a law that conditioned insurance coverage on the prompt reporting of cybersecurity incidents. As officials discuss counter-ransomware measures and law authorities around the globe link up to combat cybercrime, ransomware operations are becoming increasingly fragmented.

Ransomware 130

Ransomware Encryption Small Business Cybersecurity 130

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 is likely because threat actors perceive US-based organizations to be more financially capable of paying ransoms due to well-developed cyber insurance.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Responsible Cyber

APRIL 8, 2020

As cybercrime has become well-funded and increasingly sophisticated, phishing remains one of the most effective methods used by criminals to introduce malware into businesses. Businesses must also ensure they have secure backups of their critical data. Phishing and Spear Phishing. Lack of Cybersecurity Knowledge.

Cybersecurity 98

Cybersecurity DDOS Small Business Phishing 98

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. Successful attacks against high-profile organizations propel this cybercrime model the most. Ransomware incidents covered by cyber insurance policies.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

SecureWorld News

JULY 7, 2022

While large and active Ransomware-as-a-Service (RaaS) gangs like Conti, LockBit, and BlackCat always make headlines with their operations, it's important to learn about smaller ransomware families, as they can provide insight and help us understand more about cybercrime gangs as a whole. What is North Korea up to?

Healthcare 97

Healthcare Ransomware Encryption Government 97

SecureWorld News

AUGUST 31, 2020

Athens ISD does have insurance coverage for cyberattacks and a claim is being processed. "We There's a lot of extradition issues with countries, so cybercrime has really grown. During an emergency Athens ISD board of trustees meeting Wednesday, the board voted to pay the ransom amount of $50,000 in cryptocurrency.

Ransomware 85

Ransomware Cryptocurrency Technology Insurance 85

Cytelligence

JANUARY 27, 2020

Effectiveness of data backup strategies. Unlocking – Organizations can either pay the ransom and hope for the cybercriminals to actually decrypt the affected files (which in many cases does not happen), or they can attempt a recovery by removing infected files and systems from the network and restoring data from clean backups.

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

Spinone

OCTOBER 13, 2020

As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. It has been noted that paying a ransom demand only encourages this type of cybercrime and funds it. Backups aren’t working. Ransomware today can actually look for backup files along with user data.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

Spinone

NOVEMBER 30, 2020

Harmful, e.g., the deletion of files in the absence of data backup. HR The psychological impact of cybercrime on the organization’s employees. For example, they purchase insurance. Highly probable, e.g., a ransomware attack. By area of impact: 1. Architectural. For example, physical damage to data storage. Procedural.

Risk 52

Risk Cybersecurity Cyber Risk Encryption 52