Security Boulevard

JUNE 29, 2024

Powered by WormGPT and FraudGPT, hackers and scammers will continue to drive the cost of business higher as organizations pay more for cyber insurance. Businesses wanting to meet compliance mandates, lower their cyber insurance premiums, and reduce their security operations costs need to invest in AI for cyber defense.

Artificial Intelligence 72

Artificial Intelligence Engineering Cyber Insurance Phishing 72

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. To enhance security, organizations should block direct internet access to RDP services using firewalls and restrict access to internal networks and VPNs.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

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. These solutions include next-generation firewalls (NGFWs), email gateway security software, data loss prevention (DLP), and endpoint security and antivirus software.

Ransomware 97

Ransomware Backups Software Encryption 97

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.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

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. To enhance security, organizations should block direct internet access to RDP services using firewalls and restrict access to internal networks and VPNs.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Spinone

OCTOBER 13, 2020

Ransom payments are generally demanded in the form of untraceable cryptocurrency such as Bitcoin. In fact, one report shows that business email compromises are 23% of cyber insurance claims. Use firewalls to block known malicious connections and IP addresses. Just the ransom payment alone can be tremendously expensive.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

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.

Cyber Insurance 90

Cyber Insurance Insurance Data collection Antivirus 90