Webroot

AUGUST 10, 2021

The issue at the heart of ransomware insurance will be familiar to most parents of young children: rewarding bad behavior only invites more of the same, so it’s generally not a good idea. But critics of the ransomware insurance industry argue that’s exactly what the practice does. So, if U.S.-based So far, few have.

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CyberSecurity Insiders

JULY 12, 2022

A Ransomware called BazarCall seems to target Insurance agents and clients and so Insurance specialist CFC has issued a warning to the companies into similar business and operating across the globe to step-up their defense-line against malware attacks, by proactively taking adequate measures.

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Security Boulevard

JULY 30, 2021

The post Cyberresilience: Your Data Insurance Policy appeared first on Security Boulevard. For many, it’s not an ‘if,’ but a case of how and when. Even multinational businesses with comprehensive cybersecurity protocols in place are vulnerable.

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Krebs on Security

DECEMBER 7, 2019

based Complete Technology Solutions (CTS), was hacked, allowing a potent strain of ransomware known as “Sodinokibi” or “rEvil” to be installed on computers at more than 100 dentistry businesses that rely on the company for a range of services — including network security, data backup and voice-over-IP phone service.

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Krebs on Security

DECEMBER 8, 2022

The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver. As noted in last year’s story Don’t Wanna Pay Ransom Gangs? ” . ”

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eSecurity Planet

SEPTEMBER 10, 2021

In a year where ransomware has raised the alert levels everywhere, the go-to answer from many is redundancy through offline, remote backups – but are they enough? Backups are a critical component of any enterprise cybersecurity posture, but they are not an airtight strategy. Why Are Backups Critical? The Argument for Backups.

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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. Sarah Neild, head of U.K.

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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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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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Malwarebytes

APRIL 27, 2022

You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Some folks think the mere presence of insurance simply encourages more attacks , and is hurting more than it’s helping. Personal insurance plans are slowly becoming a more visible and talked about topic.

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Malwarebytes

FEBRUARY 21, 2023

Ransomware authors are wading into the cybersecurity insurance debate in a somewhat peculiar way. Specifically: urging victims to disclose details of their insurance contract , in order to tailor a ransom which will be beneficial to the company under attack. Create offsite, offline backups. Write an incident response plan.

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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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Duo's Security Blog

MAY 23, 2022

Cyber liability insurance can be a lifeline in the event of a major incident or breach. million per year , resulting in cyber insurance premiums jumping up by 50-100%. No doubt, cyber insurance is a hot topic right now. The unfortunate reality is that cyber insurance is becoming a necessity for organizations big and small.

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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. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. Don’t get attacked twice.

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eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Backups Wiped Out But Tape, Snapshots Survive.

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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. These days, ID.me may require a recorded, live video chat with the person applying for benefits.

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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. And even if they take such companies undercover, they exclude data breaches from their insurance backup as it involves a lot of risks that do not qualify in equilibrium with the payment made to the policy.

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Krebs on Security

OCTOBER 28, 2020

In fact, many ransomware groups now have such an embarrassment of riches in this regard that they’ve taken to hiring external penetration testers to carry out the grunt work of escalating that initial foothold into complete control over the victim’s network and any data backup systems — a process that can be hugely time consuming.

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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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The Hacker News

FEBRUARY 14, 2023

Regulators, cyber insurance firms, and auditors are paying much closer attention to the integrity, resilience, and recoverability of organization data – as well as The "business value" of data continues to grow, making it an organization's primary piece of intellectual property.

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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.

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eSecurity Planet

OCTOBER 5, 2021

An organization must: Prepare a good backup policy and procedure. Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyber insurance policy.

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SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

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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.

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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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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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Duo's Security Blog

DECEMBER 7, 2022

Much has been published about how the demand — and subsequent cost — for cyber liability insurance has skyrocketed in line with increasing incidents of cyberattacks. The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories.

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Security Affairs

SEPTEMBER 27, 2024

In a press statement, the Ministry said that systems have been restored to their backups including systems at Kuwait Cancer Control Center and administrative systems, like the health insurance and expatriate check-up systems.” ” reported the website Kuna.net.

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Webroot

AUGUST 27, 2021

On the recovery side, NIST urges the following: Develop and implement an incident recovery plan with defined roles and strategies Carefully plan, implement and test a data backup and restoration strategy Maintain an up-to-date list of internal and external contacts for ransomware attacks, including law enforcement.

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Malwarebytes

JANUARY 6, 2025

Westend Dental agreed to settle several violations of the Health Insurance Portability and Accountability Act (HIPAA) in a penalty of $350,000. And since the backups that were made by a third party turned out to be incomplete, they were also unable to inform affected patients.

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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. The Attack.

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Security Affairs

OCTOBER 8, 2020

Leaked data includes 14 folders and 53,555 files divided into the following categories: Passport scans Flight bookings Hotel bookings Email communications between Airlink International Group employees and customers Insurance policy for international travel. Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->.

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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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Schneier on Security

JULY 25, 2024

It’s also true for CrowdStrike’s customers, who also didn’t have resilience, redundancy, or backup systems in place for failures such as this because they are also an expense that affects short-term profitability. Insurance blunts financial losses.) This is true for companies like CrowdStrike.

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Spinone

DECEMBER 8, 2016

What is G Suite Security Insurance? G Suite security insurance removes and mitigates major risks of malware attacks and imposes those on the insurance company. Additionally, many cyber liability insurance providers struggle to put a price on high-value company assets, or are reluctant to cover them in the first place.

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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.” The airport authority will seek to recover the $25,000 deductible it paid on its insurance policy from LogicalNet.

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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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