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?

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CSO Magazine

MAY 15, 2023

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers. To read this article in full, please click here

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Hacker's King

DECEMBER 24, 2024

Quantum Computing Threats While quantum computing offers immense potential, it also poses a serious risk to traditional encryption methods. Hackers with access to quantum technology could potentially break existing cryptographic protocols, necessitating the development of quantum-resistant encryption.

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Security Affairs

OCTOBER 20, 2024

CISA adds Fortinet products and Ivanti CSA bugs to its Known Exploited Vulnerabilities catalog Nation-state actor exploited three Ivanti CSA zero-days Dutch police dismantled dual dark web market ‘Bohemia/Cannabia’ macOS HM Surf flaw in TCC allows bypass Safari privacy settings Iran-linked actors target critical infrastructure organizations (..)

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Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

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Security Affairs

AUGUST 21, 2020

.” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers. University of Utah officials explained that the university’s cyber insurance policy covered part of the ransom. ” continues the statement.

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The Last Watchdog

DECEMBER 18, 2024

Part three of a four-part series In 2024, global pressure on companies to implement advanced data protection measures intensified, with new standards in encryption and software transparency raising the bar. Tech companies are adopting cybersecurity by design, embedding encryption, biometrics, and multi-factor authentication into products.

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eSecurity Planet

JULY 12, 2022

Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. The ransom demand was $3.6

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SC Magazine

APRIL 5, 2021

Facebook is among the companies that would like to incorporate end-to-end encryption to benefit users. United Kingdom Home Secretary Priti Patel is set to tell a conference of child protection activists that end-to-end encryption puts children at risk, according to a draft invitation seen by Wired UK.

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Encryption Cyber Insurance Insurance Risk 96

CyberSecurity Insiders

JANUARY 26, 2022

Merck, the Pharma giant from New Jersey, has won a legal battle with its insurer for covering costs related to the NotPetya ransomware attack that crippled its computer networks to the core incurring losses in millions. Merck was one of the company that was targeted by the said file encrypting malware gang.

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SecureWorld News

MARCH 17, 2025

Despite these setbacks, the company has stated that, with its cyber insurance coverage and ongoing remediation efforts, it doesn't expect a long-term material impact on its business fundamentals. The incident contributed to a short-term stock price dip of about 2% and added to operational expenses during the recovery phase.

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Cyber Attacks Digital transformation Threat Detection Penetration Testing 113

SecureWorld News

MAY 9, 2023

Fortunately, the County had secured adequate insurance coverage, which resulted in a payment of $511,852. After negotiations between the insurance carrier and the responsible party, an agreement was reached to restore the system's full functionality and secure any data involved in the breach. Should ransom payments be flat out banned?

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Cyber Insurance Insurance Ransomware Encryption 98

SecureWorld News

AUGUST 18, 2020

Hackers encrypted some files. Here is Carnival Corporation's ransomware and cyber incident statement, in full: On August 15, 2020, Carnival Corporation and Carnival plc (together, the "Company," "we," "us," or "our") detected a ransomware attack that accessed and encrypted a portion of one brand’s information technology systems.

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eSecurity Planet

OCTOBER 18, 2022

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. First, call the cyber insurance company that issued the organization’s cybersecurity policy. Insured companies often will not have options.

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SecureWorld News

AUGUST 21, 2020

The University had servers encrypted but restored the systems and the access from backups. Why pay if you have restored access to your encrypted system, the way the University of Utah was able to do? 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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Security Affairs

MAY 1, 2020

The hackers claim to have compromised the Banco BCR’s network in August 2019, and had the opportunity to exfiltrate its information before encrypting the files. Maze Ransomware ransomware operators recently disclose other attacks against different organizations, including IT services giant Cognizant , and cyber insurer Chubb.

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CyberSecurity Insiders

JULY 29, 2022

Hive Ransomware group has reportedly locked down a school from digital access and is demanding £500,000 to free up data from encryption. Yes, what is being read is true as Wootton Upper School in Bedfordshire-part of Wootton Academy Trust was victimized by the file encrypting malware spreading gang and are adamant in their demand.

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CyberSecurity Insiders

DECEMBER 29, 2022

In one of the strange decisions taken by Ohio Supreme Court over a previous judgement pronounced earlier by Ohio Second District Court, the law stated that there must be a direct physical loss or damage to a company in the event of a file encrypting malware disaster.

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CyberSecurity Insiders

SEPTEMBER 21, 2021

But we never think or bother about the hidden/unexpected costs that a file encrypting malware attack brings with it. The amount recovered from the insurance policy from the first malware attack might not be covering all the costs of recovery or the ransom to be/or paid to the hackers.

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Ransomware Cyber Insurance Insurance Cyber Attacks 116

SecureWorld News

NOVEMBER 12, 2020

67%_of malware was delivered via encrypted HTTPS connections. Unfortunately, if potential ransomware targets are known to be insured, the attackers assume that they will most probably be paid. The EU researchers uncovered the following insightful information: 13%_increase in Windows malware detections at business endpoints globally.

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Cyber threats Insurance Cyber Insurance Ransomware 134

CyberSecurity Insiders

APRIL 19, 2022

And that about 30% of them have sought cyber insurance as a cover to business loss, just in case another digital assault strikes them. Means, they are just interested in freeing up their data from encryption, instead of proactively investing on threat monitoring and detection tools.

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Thales Cloud Protection & Licensing

NOVEMBER 9, 2021

Shared responsibility is about controlling your own security – anything from data encryption to managing the encryption keys. Having full control and access to the encryption keys places more trust and confidence on leveraging the powers of the cloud. This is exactly why organizations like Thales and Google are working together.

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Malwarebytes

FEBRUARY 3, 2023

The video covers how ransomware made the leap from “just” encrypting your files to double- or even triple-threat ransomware. Keeping the enemy at the gate The video finishes with a run through some of the ways organisations can avoid the perils of ransomware, and the realisation that cyber insurance may not solve every problem.

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Malwarebytes

MARCH 10, 2021

This quickly became a mess of arguments over paying the ransom , and the world of cyber insurance and whether it would actually insure against these types of attacks. Whereas typical ransomware attacks involve encryption of all available files. This time it’s personal.

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The Last Watchdog

OCTOBER 5, 2023

Byron: It’s gone from simple file encryption to multifaceted, multi-staged attacks that leverage Dark Web services, such as initial access brokers (IABs,) as well as make use of Living off the Land (LotL) embedded tools. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

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Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

Webroot

SEPTEMBER 7, 2023

This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley. The best way to weather these challenges is to become a cyber resilient business.

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Daniel Miessler

MARCH 20, 2022

This will include things like cloud configurations for open protocols, open ports, authenticated entities, encryption at rest, encryption in transit, who is accessing what items, etc. HT to Jeremiah Grossman to also being very early to seeing the role of insurance in InfoSec. Insurance companies. Introduction. Technology.

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Security Affairs

JUNE 18, 2024

Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers. The increased frequency and volume of attacks has also seen cybersecurity insurance premiums soar and spending on cybersecurity measures skyrocket.

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Malwarebytes

SEPTEMBER 14, 2022

Machine-in-the-middle attacks : A good DNS filter uses DNS encryption, which secures the connection between your computer and the DNS resolver. Bonus: Cyber insurance. Without cyber insurance, you can expect to pay a dizzying amount of cash. Read more: 4 ways businesses can save money on cyber insurance.

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The Security Ledger

OCTOBER 23, 2018

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat.

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CyberSecurity Insiders

DECEMBER 18, 2022

In 2023, we are likely to see an increase in cloud-enabled data exfiltration in ransomware scenarios in lieu of encryption. Cyber security is a boardroom issue, but with growing economic uncertainty, organizations are being forced to make tough decisions as they plan 2023 budgets.

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eSecurity Planet

MARCH 17, 2023

Managed Detection and Response Product Guide Top MDR Services and Solutions Encryption Full disk encryption, sometimes called whole disk encryption, is a data encryption approach for both hardware and software that involves encrypting all disk data, including system files and programs.

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Security Boulevard

FEBRUARY 8, 2023

Click here to watch the roundtable and learn about the future of cyber insurance from leading experts. In partnership with Cysurance, BlastWave hosted a roundtable entitled “The Future of Cyber Insurance and MSP Insurability. The expert panelists held an honest discussion about insurability difficulties for MSPs.

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eSecurity Planet

AUGUST 9, 2022

are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). Healthcare Data Privacy Laws. Health data and patient data in the U.S.

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Hacker Combat

JULY 31, 2020

Carry Cyber Insurance. This makes carrying a cyber insurance policy with a reputable carrier a good idea. In addition to providing vital financial assistance in the wake of a data breach, cyber insurers scrutinize your security arrangements before agreeing to issue a policy. This must be addressed head-on.

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CyberSecurity Insiders

JUNE 10, 2021

The meat processing business firm that is a subsidiary of Brazilian Firm JBS SA had to lose a day-long production of beef, lamb, pork, and chicken as a result of the file-encrypting malware attack.

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CyberSecurity Insiders

JUNE 24, 2021

The International Information System Security Certification Consortium (ISC)², has made an official announcement that its Professional Development Institute(PDI) Courses related to ransomware: Identity, protect, defend and recover will be available for free of cost until July 31st this year.

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