eSecurity Planet

MARCH 17, 2025

Since its emergence in 2021, Medusa has targeted over 300 victims across various critical infrastructure sectors, including medical, education, legal, insurance, technology, and manufacturing. Maintain offline backups: Store critical data backups offline to ensure recovery in case of an attack, preventing data loss and reducing downtime.

Ransomware 76

Ransomware Backups Firmware Insurance 76

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.

Cyber Insurance 96

Cyber Insurance Insurance Ransomware Encryption 96

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

Centraleyes

MARCH 17, 2025

Every organization faces risks that threaten its objectives, assets, and operations. A risk assessment is the foundation for identifying, analyzing, and prioritizing these risks. Understanding the basics of risk assessment is the first step in building a resilient and proactive strategy to mitigate risks and vulnerabilities.

Risk 52

Risk Insurance Small Business Cybersecurity 52

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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Antivirus Insurance Ransomware Healthcare 124

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. But what are the risks with this approach? Of course, insurance cover is not the only measure that can be taken.

Insurance 98

Insurance Cyber Insurance Ransomware Risk 98

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.

Financial Services 62

Financial Services Cybersecurity CISO Backups 62

Webroot

MARCH 3, 2025

The event is sponsored by the Federal Trade Commission (FTC), and other participating agencies include the Federal Deposit Insurance Corporation (FDIC), AARP , and the Better Business Bureau (BBB). The growing risks to your data During the third quarter of 2024, data breaches exposed more than 422 million records worldwide.

Consumer Protection 84

Consumer Protection Identity Theft Scams Social Engineering 84

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

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

Cyber Insurance 89

Cyber Insurance Backups CISO Insurance 89

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.

Healthcare 120

Healthcare Ransomware Insurance Backups 120

CyberSecurity Insiders

SEPTEMBER 20, 2021

Encryption and data backup. In addition, regularly changing your password and using different passwords for all your online accounts will lower your risk of being compromised. Invest in cybersecurity insurance. Cybersecurity insurance involves the transfer of financial risk that may arise from doing business online.

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Cybersecurity Insurance Passwords Encryption 121

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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Marketing Software Internet Internet 349

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.

Cyber Insurance 63

Cyber Insurance Insurance Ransomware Cyber Attacks 63

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. The flip side to this convenience, however, is that we risk losing control over who can access our personal information.

Identity Theft 65

Identity Theft Backups Antivirus Encryption 65

SecureWorld News

OCTOBER 21, 2024

In contrast, more mature organizations quantify risk, comparing the original risk against the cost of the solution and the residual risk after deployment to decide whether to proceed with the purchase. Some focus on the solution's problem-solving capabilities, suitability, and efficacy.

Risk 108

Risk Cybersecurity Antivirus Authentication 108

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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Ransomware Backups Insurance Cyber Insurance 132

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

IT Security Guru

JUNE 17, 2024

This dual-threat approach means businesses risk losing access to their data, while simultaneously potentially facing a data breach. This includes leveraging more sophisticated ransomware software, using advanced tactics to avoid detection, and targeting backups to prevent recovery.

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Ransomware Insurance Risk Backups 138

Security Affairs

OCTOBER 8, 2020

The availability of the data on the dark web could pose organizations to serious risk, threat actors could use this data to carry out multiple malicious attacks. Cybersecurity researchers from Cyble have found a threat actor sharing leaked data of Airlink International UAE for free on two platforms on the dark web.

Advertising 144

Advertising Insurance Backups Media 144

Webroot

AUGUST 27, 2021

“ The immediate physical and business risks posed by ransomware are compounded by the broader societal impact of the billions of dollars steered into criminal enterprises, funds that may be used for the proliferation of weapons of mass destruction, human trafficking, and other virulent global criminal activity.

Ransomware 140

Ransomware Backups Security Awareness Antivirus 140

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

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.

Ransomware 140

Ransomware Cryptocurrency Insurance Cybercrime 140

eSecurity Planet

JULY 8, 2022

With a cyberattack, it’s more than just data that needs protecting—at risk is really the entire physical infrastructure from applications and operating systems down to low-level firmware and BIOS. 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

NOVEMBER 14, 2022

Are the directors of a company hit by a cyberattack liable for negligence in failing to take steps to limit the risk. 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.

Cyber Risk 141

Cyber Risk Insurance Cyber Attacks Risk 141

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

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.

Ransomware 111

Ransomware Backups Insurance Cyber Insurance 111

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. It had cyber insurance: "The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.

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Ransomware Cyber Insurance Insurance Backups 96

eSecurity Planet

JANUARY 12, 2021

Protecting your organization from IT security risks is an ongoing, fluid task. As a savvy tech leader, you are likely hyperfocused on performing security risk audits to keep your networks strong and protected. Components of Security Risk Assessments. Data backups. Cybersecurity preparedness/ insurance.

Risk 72

Risk Penetration Testing Cyber Risk Cyber Attacks 72

Security Affairs

JANUARY 17, 2022

.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

Big data 123

Big data Financial Services Retail Insurance 123

Krebs on Security

JANUARY 6, 2020

.” Schafer said another mitigating factor was that VCPI had contracted with a third-party roughly six months prior to the attack to establish off-site data backups that were not directly connected to the company’s infrastructure. Cloud-based health insurance management portals. Direct deposit and Medicaid billing portals.

Passwords 253

Passwords Ransomware Password Management Malware 253

Spinone

DECEMBER 8, 2016

What is G Suite Security Insurance? There are many G Suite security risks. G Suite security insurance removes and mitigates major risks of malware attacks and imposes those on the insurance company. Many small businesses rely on manual backup practices such as nightly backups to external storage media.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

eSecurity Planet

APRIL 29, 2024

Integrated risk management (IRM) is a discipline designed to embed risk considerations for the use of technology throughout an organization. In other words, it links technology spending directly to the value of the resource protected and the associated risks controlled by that technology.

Risk 69

Risk Technology Government Penetration Testing 69

Cisco Security

OCTOBER 18, 2021

About 15 years ago, the idiom began to be applied to cybersecurity, where the risk management continuum values the investment in protection to mitigate the negative consequences of a cyber incident. We can never eliminate risk entirely, but we can manage it effectively with “Left of Boom” processes and procedures.

Cybersecurity 142

Cybersecurity CISO Insurance Risk 142

SecureWorld News

AUGUST 18, 2020

Ransomware attacks: another argument for cyber insurance? Business interruption, loss of revenue and reputational damages are all financial burdens that cyber insurance can provide relief for. Partnering with a trusted insurance carrier with dedicated cybersecurity expertise is a must.". And number one is cyber insurance.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

Security Affairs

MARCH 27, 2019

” “Hydro has a solid cyber risk insurance policy with recognized insurers, with global insurer AIG as lead,” the company stated. Hydro confirmed to have locked out the threat and cleaned up all the infected systems, it did not pay the ransom and restored the servers using backups. Pierluigi Paganini.

Insurance 109

Insurance Cyber Attacks Ransomware Advertising 109

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. And if you can’t do that, you run the serious risk of having a small incident metastasize into a much larger problem.

Healthcare 327

Healthcare Ransomware Antivirus Hacking 327