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. How Does Ransomware Encryption Work?

Ransomware 145

Ransomware Encryption Insurance Backups 145

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.

Ransomware 122

Ransomware Cyber Insurance Social Engineering Education 122

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

Ransomware 144

Ransomware Cyber Insurance Backups Insurance 144

SecureWorld News

NOVEMBER 12, 2020

It found cyber attacks becoming more sophisticated, targeted, widespread, and undetected. First, however, let's look at the top 15 cyber threats organizations face right now, according to the report: Malware. So that is the top 15 list of cyber threats according to the European Union. Trends in Malware attacks.

Cyber threats 134

Cyber threats Insurance Cyber Insurance Ransomware 134

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.

Ransomware 116

Ransomware Cyber Insurance Insurance Cyber Attacks 116

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.

Ransomware 145

Ransomware Banking Cyber Insurance Advertising 145

Webroot

OCTOBER 14, 2022

In other words, 2022 has been an eventful year in the threat landscape, with malware continuing to take center stage. The 6 Nastiest Malware of 2022. As a result, many organizations are shifting away from cyber insurance and adopting layered defenses in an effort to achieve cyber resilience. 2022 was no different.

Malware 81

Malware Antivirus DDOS Cyber Insurance 81

Webroot

SEPTEMBER 7, 2023

Depending on the size of the business, one-third to two-thirds of businesses suffer malware attacks in any given year. 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.

Encryption 125

Encryption Cyber Insurance Cybercrime Phishing 125

Security Affairs

FEBRUARY 21, 2023

For those who have cyber insurance against ransomware attacks. Insurance companies require you to keep your insurance information secret, this is to never pay the maximum amount specified in the contract or to pay nothing at all, disrupting negotiations. Very important! reads the ransom note.

Insurance 98

Insurance Ransomware Cyber Insurance Malware 98

CyberSecurity Insiders

JANUARY 26, 2022

Merck was one of the company that was targeted by the said file encrypting malware gang. The pharmaceutical company thought that its cyber insurance will cover the incurred losses and so tried its best to recover from the consequences by diverting its annual budgetary funds for the damaged IT infrastructure.

Ransomware 112

Ransomware Insurance Cyber Insurance Hacking 112

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.

Software 99

Software Ransomware Insurance Cyber Insurance 99

Malwarebytes

MARCH 10, 2021

Malware authors and social engineers have relied on shame and the threat of exposure for years. 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. Shaming victims into action. This time it’s personal.

Ransomware 128

Ransomware Insurance Cyber Insurance Social Engineering 128

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.

Ransomware 76

Ransomware Cyber Insurance Education Media 76

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.

Network Security 120

Network Security Penetration Testing Firewall Software 120

Malwarebytes

SEPTEMBER 14, 2022

Through a combination of web protection, application hardening, and more, EP provides businesses with full attack chain protection against both known and unknown malware, ransomware, and zero-hour threats. A DNS filter prevents you from accessing unsafe websites—including those posing a strong malware risk.

Technology 82

Technology DNS Cyber Insurance Insurance 82

Digital Shadows

NOVEMBER 26, 2024

“SocGholish” and “LummaC2” are the most frequently observed malware in customer incidents. 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.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

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.

Ransomware 73

Ransomware Cyber Insurance Insurance Encryption 73

SecureWorld News

AUGUST 11, 2020

staff detected the infection and ransom notification at approximately 6:50 am and disabled all network connections to contain the malware spread.". Mayor Jamie Harkins explains why: "The City was coerced into paying a $45,000 ransom to retrieve a 'key' to unlock encrypted data.

Ransomware 96

Ransomware Cyber Insurance Insurance Scams 96

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. These keys are available to the attacker, and the encryption can only be decrypted using a private key. How Does Ransomware Work?

Ransomware 98

Ransomware Backups Encryption Malware 98

Thales Cloud Protection & Licensing

AUGUST 11, 2021

Ransomware campaigns such as WannaCry and Petya attacks made this malware type a top threat to all organizations worldwide. Cyber crooks are getting more sophisticated and IT professionals have tough times struggling to detect and block malicious interventions at early stages. Your own systems may fail to process the encryption key.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

SecureWorld News

DECEMBER 1, 2022

Enterprise endpoint protection and remediation (anti-malware, anti-virus software). Endpoint encryption for all laptops. Cyber insurance (critical). Well documented policies and standards for employees (data handling). Intrusion detection and response. And more (listen in for the full list). "I

InfoSec 98

InfoSec Cyber Insurance Consumer Protection Insurance 98

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.

Cybersecurity 69

Cybersecurity Cyber Insurance Insurance Data breaches 69

Malwarebytes

NOVEMBER 15, 2023

Despite Hunters International’s denial, claiming they are a distinct entity that purchased Hive’s source code, the overlap in their malware’s coding and functionality suggests a direct lineage from Hive. Use endpoint security software that can prevent exploits and malware used to deliver ransomware. Detect intrusions.

Ransomware 120

Ransomware Education Backups Cyber Insurance 120

eSecurity Planet

FEBRUARY 16, 2021

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!!

Ransomware 97

Ransomware Backups Software Encryption 97

Cytelligence

JANUARY 14, 2020

Evolution of mobile malware attacks – The first half of 2019 saw a 50% increase in attacks by mobile banking malware compared to 2018. The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

Digital Shadows

OCTOBER 14, 2024

Meow” took fourth place in Q3 2024, shifting its tactics from data encryption to selling stolen data on cybercriminal forums and its own data-leak site. Cyber insurance makes these regions more attractive targets, as attackers believe that insured organizations are more likely to pay to minimize operational impact.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

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. Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime.

Ransomware 141

Ransomware Cryptocurrency Insurance Cybercrime 141

CyberSecurity Insiders

DECEMBER 18, 2022

In 2023, ‘knowing thy enemy’ in cyber will be more complicated than ever before – but it is critical that organizations remain aware of the realities of cyber risk and cease to focus on the ‘boogie man’ of the internet that features in sensationalist reporting.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

Cytelligence

JANUARY 27, 2020

Cybercriminals or threat actors release a kind of malware which enters a computer system or network through fraudulent means and locks down files from access by encrypting them until a demanded ransom is paid to hackers in return for a decryption key. The need for cyber insurance for companies will increase significantly in 2020.

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

Security Boulevard

JUNE 2, 2022

Double-extortion attacks, which include data exfiltration in addition to encryption, are rising even faster at 117% year-over-year. This allows you to minimize the data that can be encrypted or stolen, reducing the blast radius of an attack. Deploy inline data loss prevention. Have a response plan.

Ransomware 105

Ransomware Architecture Manufacturing Encryption 105

eSecurity Planet

JULY 8, 2022

In many ways, DR is playing catch up with the rise in effectiveness of cyber criminals. The global cost of ransomware has risen from $325 million to $20 billion from 2016 to 2021, and on average, only 65% of encrypted data was restored after a ransom was paid. Top DR Solutions Including Security Features.

Backups 142

Backups Ransomware Technology Marketing 142

SecureWorld News

JANUARY 21, 2024

Remember, sometimes a little common sense goes a lot further than the fanciest encryption out there. Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release. The key here is implementing smart, affordable cybersecurity strategies that work best for nonprofits.

Cybersecurity 104

Cybersecurity Backups Cyber threats Software 104

Malwarebytes

JULY 27, 2022

A solution that provides options for file recovery (in case something does get encrypted) Finally, these features are valuable for detecting and thwarting all malware , not just ransomware: Exploit prevention Behavioral detection of never-before-seen malware Malicious website blocking Brute force protection.

Ransomware 87

Ransomware Backups Penetration Testing Cyber Insurance 87

Digital Shadows

JANUARY 14, 2025

Organizations can use threat hunting and behavioral analytics to spot early signs of ransomware attacks, such as unusual file encryption or lateral movement. Take Action Preparing for novel malware is challenging, but focusing on security fundamentals is key.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

Centraleyes

JUNE 11, 2024

Application whitelisting should complement signed software execution policies to restrict the execution of unsigned software and mitigate the risk of malware infiltration. Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

NetSpi Executives

APRIL 27, 2024

Ransomware, a definition Ransomware is a set of malware technologies, hacking techniques, and social engineering tactics that cybercriminals use to cause harm, breach data, and render data unusable. Step 4: Attackers use malware and exploits off-the-shelf or customize the tools to create ransomware variants and new techniques.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

Pen Test

OCTOBER 10, 2023

A particularly insidious new trend is the rise of "double extortion" attacks, in which cybercriminals not only encrypt an organization's data but also threaten to publicly release sensitive stolen information if the ransom is not paid. CryptoLocker, in 2013, pioneered the use of strong encryption algorithms. Don't let patching lag.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52