Security Affairs

MAY 1, 2020

Maze Ransomware operators claim to have gained access to the network of Banco BCR of Costa Rica and stolen 11 million credit card credentials. Maze Ransomware operators claim to have hacked the network of the state-owned Bank of Costa Rica Banco BCR and to have stolen internal data, including 11 million credit card credentials.

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eSecurity Planet

OCTOBER 5, 2021

Spending money you hadn’t budgeted to hire experts to clean up an unexpected mess is at the bottom of every manager’s wish list, but in the case of a cyber attack as damaging as ransomware , turning incident response over to a pro may be the best thing you can do. Minimize downtime. Lack of expertise. Reduce liability.

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SecureWorld News

MARCH 17, 2025

Although there remains some ambiguity over whether ransomware was employed, the Play ransomware gang later claimed responsibility , alleging that sensitive data, such as payroll records, contracts, tax documents, and customer financial information, was exfiltrated.

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CyberSecurity Insiders

OCTOBER 26, 2022

The impact of ransomware attacks on businesses is twofold. While many equate ransomware with encrypted files and potential ransom payments, the consequences go even further in terms of the costs and requirements of an organization. The Dangers of Ransomware Attacks. By Rajesh Ram, Chief Strategy Officer at Egnyte.

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BH Consulting

FEBRUARY 24, 2025

Cybercriminals felt the heat from law enforcement last year, while ransomware payments fell. Intel471 has a detailed analysis of other significant law enforcement operations in 2024, including against the LockBit ransomware gang and multiple malware droppers. But still, progress is progress.

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SC Magazine

APRIL 23, 2021

Today’s columnist, Tom Richards of GroupSense, writes that the FBI reported a 400% increase in ransomware attacks during the height of the pandemic. And, because of this, cyber insurance companies using these scores rely on an inaccurate assessment of target-company risk. Does it truly reflect the security of the company?

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Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. The schools, attacked by the group known as Vice Society, have had multiple documents leaked online in the wake of the attack. One school reports roughly 18,680 documents having been stolen.

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eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

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Digital Shadows

OCTOBER 14, 2024

Key Points Ransomware activity grew by 2.3% In the short term, we expect a gradual increase in ransomware incidents, peaking by Q4 2024. In the long term, we anticipate a greater use of large language models (LLMs) in ransomware negotiations and a rise in exfiltration-only attacks. lower than in Q3 2023. compared to Q3 2023.

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Malwarebytes

DECEMBER 20, 2022

H-Hotels, a large hospitality chain with 60 hotels across several countries including Germany and Switzerland has announced it has fallen victim to a ransomware attack. The incident, which took place on December 11, is allegedly a double whammy of hijacked devices and data theft…if a ransomware group is telling the truth.

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eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other.

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Security Affairs

FEBRUARY 8, 2024

Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cloudflare Breach : Cloudflare revealed a breach by likely state actors who accessed some documents and a bit of source code.

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Cisco Security

JANUARY 10, 2023

As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts. Increasing demands from insurers. Ransomware and how to deal with it.

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SecureList

NOVEMBER 9, 2022

Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns. Businesses will still be mostly concerned with ransomware. will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable.

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Security Affairs

JULY 8, 2019

Government computer systems at La Porte County, Indiana, were shut down after a cyber attack hit them on July 6. Experts believe it was a ransomware attack. On July 6, a cyber attack brought down government computer systems atLa Porte County, Indiana. At least half of the servers at the county’s infrastructure were infected.

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SecureWorld News

JUNE 18, 2020

Maze ransomware strikes again. Maze ransomware: to pay or not to pay? The ransomware attack has not materially affected our production and shipment capabilities, and order fulfillment has continued without material interruption. We carry cybersecurity insurance, subject to applicable deductibles and policy limits.

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CyberSecurity Insiders

DECEMBER 6, 2022

Someone in IT places a phone call and gets asked whether the company has cyber insurance. Your IR plan should contain the contact information for everyone who might be needed, from your service providers to key employees to outside counsel to, yes, the insurance provider. Include contact information.

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Digital Shadows

NOVEMBER 26, 2024

Despite a slowdown in “LockBit” ransomware activity due to law enforcement actions and a loss of affiliate trust, it remains a key player. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model. Despite the importance of employee training, sometimes it just isn’t enough.

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Cytelligence

JANUARY 27, 2020

Ransomware is becoming an epidemic in the cybersecurity world, with new strains being created continuously by criminals to extort money out of unsuspecting users. What is Ransomware? Ransomware is a devastating attack on an organization’s or individual’s digital assets. Damages from ransomware in 2019 rose to over $11.5

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Webroot

SEPTEMBER 24, 2024

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. From ransomware attacks to phishing scams, hackers are becoming more sophisticated. For SMBs: Invest in ransomware prevention and always back up your data. on an external drive or in the cloud.

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Security Boulevard

JULY 30, 2022

In that case, they may upload fake documents that tell employees to transfer money from their accounts into the criminals’ accounts or compromise their security even more. Ransomware, the attack on management consoles, and whale phishing continue to spread across new attack surfaces in organizations. Distortion or reality?

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Cyber Attacks Artificial Intelligence Education Cyber Insurance 110

BH Consulting

JUNE 22, 2021

Often, they also want bidders to produce supporting documents like the executive summary of a penetration test report. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls. What’s more, cybersecurity insurance may not necessarily cover all breach-related costs.

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Insurance Cybersecurity Cyber Insurance Cyber Risk 83

Pen Test

OCTOBER 10, 2023

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

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Spinone

OCTOBER 13, 2020

Like a terrible disease epidemic, ransomware infects and destroys any data in its path. Preventing a ransomware infection is much more desirable than having to recover from one. In this post, we will take a look at ransomware trends, costs, targets, and ransomware prevention software. What do these costs include?

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Duo's Security Blog

JUNE 9, 2022

As we discussed on the webinar, it's undoubtedly our common adversary, ransomware. To quote Darren: Five or six years ago, ransomware attacks were demanding an average of $500 and going after consumers, rather than enterprises. So how do insurers get hold of that kind of insight?

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Insurance Marketing CISO Cyber Insurance 97

SC Magazine

JULY 2, 2021

A ransomware attack was detected in February, but complexity of the attack hid the breach from investigators for several months. In the case of Alina Lodge , the treatment center notified patients of a 2020 incident caused by a ransomware attack targeting its vendor.

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SecureWorld News

JANUARY 21, 2024

Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release. The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating.

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Webroot

SEPTEMBER 27, 2024

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. From ransomware attacks to phishing scams, hackers are becoming more sophisticated. For SMBs: Invest in ransomware prevention and always back up your data. on an external drive or in the cloud.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

Digital Shadows

NOVEMBER 26, 2024

Despite a slowdown in “LockBit” ransomware activity due to law enforcement actions and a loss of affiliate trust, it remains a key player. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model. Despite the importance of employee training, sometimes it just isn’t enough.

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Cyber Attacks Phishing Ransomware Cyber Insurance 52

eSecurity Planet

APRIL 26, 2022

billion in 2021, and growing concerns over data security , software supply chains , and ransomware suggest the market will remain strong through economic ups and downs. Also read : Top Cyber Insurance Companies. Also read : Cybersecurity Outlook 2022: Third-Party, Ransomware, and AI Attacks Will Get Worse. Business Model.

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eSecurity Planet

MAY 11, 2023

I am very surprised that the cyber insurance industry has not required zero trust architecture already, but perhaps the $1.4 We’ll go over them briefly here but the details can be found on page 16 of the document. The document can be found here. The NIST guidance can be found here. NIST has 7 tenets of zero trust.

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SC Magazine

MARCH 29, 2021

Ransomware actors routinely look for easy vulnerabilities to exploit in victim organizations. It can also help inform cyber insurers, who may choose to raise premiums for companies that can’t document where their code comes from.

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Krebs on Security

MARCH 4, 2022

Part I of this series examined newly-leaked internal chats from the Conti ransomware group, and how the crime gang dealt with its own internal breaches. Conti is by far the most aggressive and profitable ransomware group in operation today. 12, 2021, in regards to their ransomware negotiations with LeMans Corp.,

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SecureWorld News

MAY 12, 2020

But the group posted on its website this week that negotiations with ransomware middle-man Coveware were a failure and time has run out on that initial ransom demand: "Next.the hottest news, which we associate with GRUBMAN SHIRE MEISELAS & SACKS. We'll have more on the Travelex ransomware attack in a minute.

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eSecurity Planet

JUNE 1, 2021

” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs. meat industry was shut down in an apparent Russia-connected ransomware attack on JBS, maker of the Swift brand. Both Microsoft and SecureWorks said the campaign was ongoing as of late May. . Nation-State Interests. Ahead of a U.S.-Russian

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Krebs on Security

MARCH 2, 2023

National Security Agency (NSA) Keith Alexander made headlines when he remarked that years of successful cyber espionage campaigns from Chinese state-sponsored hackers represented “the greatest transfer of wealth in history.” cyber interests. cyber interests. ” Many of the U.S.

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