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Attackers are becoming more organized, with ransomware-as-a-service (RaaS) operations providing easy access to malicious tools for even novice cybercriminals. Current cybersecurity trends show that attackers are now targeting critical infrastructure, healthcare, and financialservices, leading to massive disruptions.
AIG is one of the top cyberinsurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.
The 48 recommended actions provide guidance for dealing with the complexities of the ransomware epidemic, from the role of cyberinsurance, to cryptocurrency, to safe havens for threat actors.
For access to the decryption key, the victim must make prompt payment, often in cryptocurrency shielding the attacker’s identity. Healthcare and financialservices are the most attacked industries. Attackers will inform the victim that their data is encrypted. Ransomware facts.
Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Some can’t afford not to pay, and some are covered by cyberinsurance. Should I get a ransomware cyberinsurance policy? Many organizations have used cyberinsurance to recover from ransomware attacks.
Attackers are becoming more organized, with ransomware-as-a-service (RaaS) operations providing easy access to malicious tools for even novice cybercriminals. Current cybersecurity trends show that attackers are now targeting critical infrastructure, healthcare, and financialservices, leading to massive disruptions.
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