Krebs on Security

MARCH 2, 2021

based PrismHR handles everything from payroll processing and human resources to health insurance and tax forms for hundreds of “professional employer organizations” (PEOs) that serve more than two million employees. Hopkinton, Mass.-based PrismHR has not yet responded to requests for comment.

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Ransomware Small Business Insurance Software 338

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.

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Financial Services Cybersecurity CISO Backups 62

SecureWorld News

MARCH 30, 2023

However, data is as vulnerable as it is valuable, and World Backup Day on Friday, March 31st, is a welcome reminder of the need to have a well thought out data protection strategy in place. The campaign began in 2011 as World Backup Month and was changed to World Backup Day later.

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Backups Insurance Cyber Attacks CISO 98

SecureWorld News

NOVEMBER 14, 2024

Attackers are not only encrypting systems but also targeting sensitive data, including Protected Health Information (PHI) and Personally Identifiable Information (PII), such as diagnoses, therapy records, genetic data, and Social Security numbers. We just have to accept the risks and rely on insurance to recover.'"

Healthcare 115

Healthcare Ransomware Identity Theft Data breaches 115

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.

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Ransomware Encryption Insurance Backups 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.” The attackers are also spotted manually disabling and encrypting virtual machines.

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Ransomware Encryption Cryptocurrency Insurance 68

Krebs on Security

OCTOBER 28, 2020

Ransomware attackers often spend weeks or months inside of a target’s network before attempting to deploy malware across the network that encrypts servers and desktop systems unless and until a ransom demand is met. He declined to comment on the particulars of the extortion incident.

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Hacking Ransomware Banking Accountability 359

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.

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Insurance Ransomware Cyber Insurance Malware 98

Webroot

FEBRUARY 21, 2025

Its a top-end, true all-in-one offering based on a new platform that combines antivirus, password manager, identity protection, VPN, backup, and parental controls. This is where data encryption and automated backups come in. Encryption is one of the most effective and widely used forms of data security available.

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Identity Theft Backups Antivirus Encryption 65

Malwarebytes

OCTOBER 11, 2023

The Philippine Health Insurance Corporation (PhilHealth), has confirmed that it was unprotected by antivirus software when it was attacked by the Medusa ransomware group in September. Stop malicious encryption. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers.

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Antivirus Insurance Ransomware Healthcare 124

Krebs on Security

JANUARY 19, 2022

is perhaps better known as the online identity verification service that many states now use to help staunch the loss of billions of dollars in unemployment insurance and pandemic assistance stolen each year by identity thieves. We encrypt all that stuff down to the file level with keys that rotate and expire every 24 hours.

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Mobile Accountability Insurance Government 364

eSecurity Planet

DECEMBER 7, 2023

Encryption uses mathematical algorithms to transform and encode data so that only authorized parties can access it. What Encryption Is and How It Relates to Cryptology The science of cryptography studies codes, how to create them, and how to solve them. How Does Encryption Process Data? How Does Encryption Process Data?

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Encryption Passwords IoT Firewall 116

eSecurity Planet

JULY 12, 2022

Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. The ransom demand was $3.6

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Ransomware Cyber Insurance Backups Insurance 144

CyberSecurity Insiders

FEBRUARY 16, 2021

Third, this news is related to French health insurance company MNH that was hit by RansomExx, a spin-off version of Defray777 Ransomware. MNH has cleared the air that it will not bow down to the demands of hackers and will instead rely on the backup systems to recover the encrypted data.

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Cyber Attacks Insurance Backups Encryption 144

CyberSecurity Insiders

SEPTEMBER 20, 2021

Encryption and data backup. Data encryption is a protection strategy that renders data useless even when an intruder accesses it. Encrypting all your company’s sensitive data and private information ensures that it’s protected from data breaches. Invest in cybersecurity insurance.

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Cybersecurity Insurance Passwords Encryption 121

CyberSecurity Insiders

JUNE 3, 2022

Healthcare providers are opting to pay a ransom in the event of ransomware attacks, instead of recovering it from data backups. The reason is as it is easy and guarantees 100% encrypted data return- Of course, as per their perspective!

Healthcare 120

Healthcare Ransomware Insurance Backups 120

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. ” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers. ” continues the statement.

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Ransomware Cyber Insurance Insurance Advertising 145

Duo's Security Blog

FEBRUARY 4, 2025

With the rate that new threats emerge, it may come as no surprise that cyber liability insurance can be traced back to 1997. In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. What would an insurer do? At least not alone.

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Cyber Insurance Insurance Authentication Risk 64

eSecurity Planet

OCTOBER 5, 2021

An organization must: Prepare a good backup policy and procedure. We should encrypt data at rest. We also need to periodically check that the policy is up to date with the latest insurance providers, incident response vendors, attorneys, and executives’ contact information. Simple Ransomware Recovery. Install layered security.

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Ransomware Backups Insurance Cyber Insurance 132

SecureWorld News

SEPTEMBER 5, 2023

In a recent revelation, security researcher Jeremiah Fowler uncovered a significant data leak affecting one of the United States' largest health insurance companies, Cigna Health. The exposed database offered a unique glimpse into the operations of Cigna Health, one of the nation's largest health insurance providers.

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Backups Insurance Healthcare Data breaches 107

Malwarebytes

NOVEMBER 12, 2021

The idea is that if the original file is damaged, breaks, is stolen , or suffers any other problem, then the backups survive the issue. Where do we put our backups? One of the most important backup stumbling blocks is figuring out where to place the files being copied. Do people backup their backups?

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Backups Ransomware Mobile Insurance 131

Security Affairs

AUGUST 14, 2024

The attackers gained access to patients’ names, dates of birth, Social Security numbers, driver’s licenses or government-issued identification numbers, medical record numbers, medical treatment and condition information, medical diagnoses, medication information, and health insurance information.

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Data breaches Identity Theft Encryption Ransomware 128

Security Affairs

JULY 5, 2021

The company uses air-gapped networks and was able to restore encrypted files from backups. The company is going to offer affected people five years of credit monitoring with $1,000,000 in identity theft insurance at no cost. Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini.

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Ransomware Identity Theft Insurance Backups 129

eSecurity Planet

JULY 8, 2022

But it also requires software to orchestrate data movement, backup and restore technology to ensure a current copy of data is available, and the ability to recover systems and data rapidly. This type of backup and DR technology offers RPOs measured in hours. See the Best Backup Solutions for Ransomware Protection.

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Backups Ransomware Technology Marketing 142

Security Affairs

JANUARY 10, 2020

According to the experts, the ransomware encrypted files on the authority’s servers and its backup servers. From there, the virus spread to the authority’s servers and backup servers, encrypting files.” From there, the virus spread to the authority’s servers and backup servers, encrypting files.”

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Ransomware Insurance VPN Backups 97

eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 In May, cybersecurity researchers revealed that ransomware attacks are increasing their aggressive approach by destroying data instead of encrypting it.

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Backups Ransomware Malware Firewall 145

Spinone

NOVEMBER 20, 2018

In traditional on-site backup systems security is mainly a physical concern – ensuring data is backed up in more than one location in case of hardware loss or failure and restricting access to the physical backup media to only trusted employees. In cloud backup, security concerns are different.

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Backups Encryption Computers and Electronics Accountability 40

CyberSecurity Insiders

FEBRUARY 21, 2022

And news is out that the file encrypting malware gang also chose to prove their stance by offering a 246 MB file that represented 2% of stolen data. And news is out that the file encrypting malware gang also chose to prove their stance by offering a 246 MB file that represented 2% of stolen data.

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Ransomware Insurance Backups Encryption 124

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. Why pay if you have restored access to your encrypted system, the way the University of Utah was able to do?

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Ransomware Cyber Insurance Insurance Backups 96

CyberSecurity Insiders

OCTOBER 20, 2021

The only saving grace was that the city had invested in both on-premise and cloud backups. When trying to log on to their computers, users were getting a message saying the systems had been encrypted with Ransom.Robinhood ransomware. Backup Strategy. Having a backup strategy is also critical. Still, it cost U.S. $18

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Ransomware Backups Insurance Cyber Insurance 111

CyberSecurity Insiders

SEPTEMBER 29, 2021

NCSC, ICO and the insurers of GiantPay are aware of the incident and are working closely with the company in finding who is behind the attack. Although Giant Screening and Giant Finance+ services remain unaffected, sources report that the backend servers recording the backup information were partially disrupted in the incident.

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Cyber Attacks Insurance DDOS Backups 128

eSecurity Planet

MARCH 12, 2025

The Advanced plan offers a little more, including one terabyte of cloud backup, syncing data across devices, and phone support during business hours. Its Advanced plan also has a terabyte of cloud backup and file syncing across devices. Like IPVanish, NordVPN uses 256-bit AES encryption and has a strict no-logs policy.

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VPN Mobile DNS Password Management 59

Malwarebytes

NOVEMBER 1, 2021

Sadly, there’s rarely discussion about the lengthy recovery, which, according to the Ransomware Task Force, can last an average of 287 days , or about the complicated matter that the biggest, claimed defense to ransomware attacks—backups—often fail. Your backups may not work. Or so he thought. “We That’s just one week in late 2019.

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Ransomware Backups System Administration Cyber Insurance 132

Security Affairs

JUNE 18, 2024

Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers. Even if the ransom is not paid, the costs associated with restoring data from backups and strengthening security can be substantial.

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Ransomware Cryptocurrency Insurance Cybercrime 140

eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. These keys are available to the attacker, and the encryption can only be decrypted using a private key. How Does Ransomware Work?

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Ransomware Backups Encryption Cybersecurity 98

SecureWorld News

AUGUST 18, 2020

Hackers encrypted some files. Here is Carnival Corporation's ransomware and cyber incident statement, in full: On August 15, 2020, Carnival Corporation and Carnival plc (together, the "Company," "we," "us," or "our") detected a ransomware attack that accessed and encrypted a portion of one brand’s information technology systems.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

Security Affairs

NOVEMBER 14, 2022

And this often happens when the hacker, the so-called threat actor, starts encrypting the computer systems. Encrypting computer systems can bring business operations to a standstill, partially because attacks usually occur when the company is least ready to respond e.g., at Christmas, during the summer, and on weekends.

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Cyber Risk Insurance Cyber Attacks Risk 141