CyberSecurity Insiders

APRIL 19, 2022

A study conducted by Cybersecurity Firm Mandiant confirms that ransomware actors are increasingly targeting virtualization platforms to extort ransom in large amounts. Interestingly, nearly half of the victims have set up cryptocurrency wallets to pay ransom for the future.

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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. This ROI makes ransomware a compelling business model for criminals, so it is soaring in popularity.

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SecureWorld News

NOVEMBER 1, 2021

Cybersecurity is a complex topic. And now The White House is weighing in with a new report, A Strategic Intent Statement for the Office of the National Cyber Director. It details exactly how the United States plans to improve the nation's cybersecurity posture. The vision for cybersecurity: changing how we think about it.

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SecureWorld News

AUGUST 21, 2020

The end result was hefty payment: "After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker. The University made the payment in cryptocurrency, through a third party firm. And number one is cyber insurance.

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Cytelligence

JANUARY 14, 2020

The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities. Insurance companies may guide their policyholders to pay ransoms, as this is generally cheaper than having to recover from a ransomware attack.

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SecureWorld News

SEPTEMBER 23, 2021

But did you know the Secret Service is deep into cybersecurity, too? His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. "I Cyber defense is about test, test, test.". Familiarize yourself and your organization with cyber insurance.

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Adam Levin

JULY 8, 2020

A recent domain hijack of Japanese cryptocurrency exchange Coincheck.com was used to spoof the company in a spear-phishing campaign. Whether your company is international or a regional operation, the time to invest in a cybersecurity audit was yesterday.

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SC Magazine

FEBRUARY 25, 2021

The government has options, but none of them are easy or fast,” said Michael Daniel, former White House cybersecurity coordinator and current president and CEO of the Cyber Threat Alliance. It’s like many things in cybersecurity,” Daniel said. ” Improving baseline cybersecurity. . ” Stopping payments.

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Webroot

OCTOBER 14, 2022

Since the mainstreaming of ransomware payloads and the adoption of cryptocurrencies that facilitate untraceable payments, malicious actors have been innovating new methods and tactics to evade the latest defenses. The key to staying safe is a layered approach to cybersecurity backed up by a cyber resilience strategy.

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Centraleyes

DECEMBER 16, 2024

As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. Below is an exhaustive list of key cybersecurity trends to watch out for in 2025. Lets explore the top current cybersecurity trends this year. The challenge?

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Security Boulevard

JUNE 29, 2024

Consolidating security telemetry data, upgrading your organization’s cybersecurity posture, and integrating with various artificial intelligence (AI) and machine learning (ML) engines are essential to combatting adversarial AI and ML models. The security operations (SecOps) community constantly seeks advancements in incident response.

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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. Organizations with limited cybersecurity budgets or outdated legacy and end-of-life systems are prime targets for threat actors.

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SC Magazine

JUNE 15, 2021

Coats is a member of the Cybersecurity Collaborative , a chief information security officer membership organization owned by SC Media parent company CyberRisk Alliance. No,” said Corll, who is also a member of Cybersecurity Collaborative. Will our cyber insurer buy it or would we?” The news has their attention.”.

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CyberSecurity Insiders

APRIL 30, 2021

The 48 recommended actions provide guidance for dealing with the complexities of the ransomware epidemic, from the role of cyber insurance, to cryptocurrency, to safe havens for threat actors.

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NetSpi Executives

APRIL 27, 2024

Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Some can’t afford not to pay, and some are covered by cyber insurance. Should I get a ransomware cyber insurance policy? Many organizations have used cyber insurance to recover from ransomware attacks.

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eSecurity Planet

FEBRUARY 16, 2021

For access to the decryption key, the victim must make prompt payment, often in cryptocurrency shielding the attacker’s identity. Others go further in estimating ransomware will cost as much as $6 trillion per year starting in 2021 ( Cybersecurity Ventures ). Attackers will inform the victim that their data is encrypted.

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Pen Test

OCTOBER 10, 2023

Victims are instructed to pay a ransom payment, usually demanded in cryptocurrency, in exchange for the decryption key. Provide cybersecurity awareness training to all personnel, enabling them to identify social engineering attacks and risky behavior. Businesses will need to demonstrate cyber risk management to get the best premiums.

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Security Boulevard

JUNE 15, 2021

Ransomware attacks have continued to make headlines, and for good reason: on average, there is a new ransomware attack every 11 seconds, and the losses to organizations from ransomware attacks is projected to reach $20 billion over the course of 2021 following a record increase in losses of more than 225% in 2020.

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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. Organizations with limited cybersecurity budgets or outdated legacy and end-of-life systems are prime targets for threat actors.

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Spinone

OCTOBER 13, 2020

Ransom payments are generally demanded in the form of untraceable cryptocurrency such as Bitcoin. Cybersecurity insurance will offset the ransom. Another factor that can weigh into making the decision to pay the ransom demanded by ransomware is having cybersecurity insurance.

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CyberSecurity Insiders

AUGUST 15, 2022

Ever wondered what is covered and what is not in your Cyber Insurance Policy? If not, you better review the guidelines and inform all your C-level employees on strategies to cope with the losses that remain out of the cyber insurance cover. Otherwise, the cyber insurer will not offer any policy coverage.

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Security Affairs

FEBRUARY 25, 2024

Iran Crisis Russia-Aligned TAG-70 Targets European Government and Military Mail Servers in New Espionage Campaign U.S.

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Security Affairs

NOVEMBER 5, 2023

CISA adds two F5 BIG-IP flaws to its Known Exploited Vulnerabilities catalog Threat actors actively exploit F5 BIG-IP flaws CVE-2023-46747 and CVE-2023-46748 Pro-Hamas hacktivist group targets Israel with BiBi-Linux wiper British Library suffers major outage due to cyberattack Critical Atlassian Confluence flaw can lead to significant data loss WiHD (..)

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SC Magazine

JUNE 21, 2021

Policy levers can include direct federal investment in baseline cybersecurity , regulations to improve baseline cybersecurity , more aggressive law enforcement and intelligence community takedowns of criminal infrastructure, and regulating cryptocurrencies. There are multiple threads lawmakers can pull at the same time.

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CyberSecurity Insiders

JUNE 23, 2021

Meaning, those who are bowing down to the demands of hackers by making a ransomware payment in cryptocurrency- may take up a tax claim if all the payment procedure falls into the legal practice. . The post Tax reimbursement for ransomware payments appeared first on Cybersecurity Insiders.

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ForAllSecure

MAY 30, 2023

of cryptocurrency. A lot of people with administrative backgrounds, from network administrators to you know IT resources that had been made the transition into more of a cybersecurity focus. By no means. Does that mean that there was no ransomware occurring? MUSIC] VAMOSI: Of course, given the nature of his work, Mark has stories.

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Adam Levin

DECEMBER 27, 2019

2019 is virtually over and a new year beckons with all the solemnity of the grim reaper for those who don’t have their eyes wide open to the persistent threats we collectively face in the areas of privacy and cybersecurity. . In the main, consumers and business leaders alike are more aware of cybersecurity and privacy than ever before.

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