SecureWorld News

MARCH 20, 2024

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

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Cyber Insurance Insurance Ransomware Risk 113

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

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.

Encryption 127

Encryption Cyber Insurance Cybercrime Phishing 127

Cytelligence

JANUARY 14, 2020

The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities. Insurance companies may guide their policyholders to pay ransoms, as this is generally cheaper than having to recover from a ransomware attack.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The problem is that businesses are not yet aware of double or triple extortion ransomware and how these tactics can affect their data protection strategies. According to a separate study 2 , double extortion, which became popular in the first quarter of 2020, collects confidential business information before encrypting a victim's database.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Data encryption for data at rest and in transit. 24/7 monitoring of cyber threats. Employee security awareness training.

Government 78

Government Cybersecurity Cyber Insurance Insurance 78

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. Keep software and training up to date.

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Ransomware Architecture Manufacturing Encryption 105