Malwarebytes

SEPTEMBER 30, 2022

It seems like not a day goes by where we don’t hear about a local government cyberattack. Indeed, from 911 call centers to public schools , cyberattacks on local governments are as common as they are devastating. Just how often do threat actors attack local governments? Take cyber insurance , for example.

Government 59

Government Cybersecurity Cyber Insurance Insurance 59

eSecurity Planet

OCTOBER 18, 2021

A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. Hospital’s Operations Hit by Ransomware. ” Cyber Insurance No Longer Reliable.

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Ransomware Cyber Insurance Insurance Digital transformation 104

CyberSecurity Insiders

DECEMBER 9, 2021

In a recent study made by Gartner, Lloyd’s emerged as a top company that increased its coverage premiums by 50% in 2021, all because of a global impact of ransomware attacks on corporate and government networks. And the new rule applies to all companies operating in France, Japan, Russia, China, United States and United Kingdom.

Insurance 134

Insurance Cyber Attacks Cyber Insurance Manufacturing 134

CyberSecurity Insiders

APRIL 30, 2021

Combating Ransomware – A Comprehensive Framework for Action provides 48 practical recommendations to curb the rampant spread of this increasingly destructive type of cybercrime. “In Ransomware is an international cybercrime that is multiplying in frequency and severity.

Ransomware 52

Ransomware Government Cyber Insurance Cybercrime 52

Thales Cloud Protection & Licensing

MAY 9, 2022

It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. This attack was one of the biggest ransomware ones to date. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. Mon, 05/09/2022 - 05:40.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

Webroot

JULY 25, 2022

Threat intelligence solutions using AI/ ML technologies can prevent false positives and reduce alert fatigue – helping cybersecurity professionals focus on strategic priorities instead of spending all their time reacting to security alerts and potential incidents. Cyber insurance becomes mainstream discussion.

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Cyber Insurance Insurance Marketing Phishing 124

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyber insurance premiums higher. Cyber insurance has become more critical to organizations to help offset the risk to the company.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance CISO 98

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups.

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Ransomware Encryption Backups Cyber Insurance 71

SC Magazine

FEBRUARY 25, 2021

On Wednesday – just Wednesday – news stories emerged about an airplane maker, information technology giant and computer game company all having operations disrupted by ransomware. In the last year, such attacks have swept through every sector, affected schools, hospitals, critical infrastructure, transportation and governments.

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Ransomware Insurance Government Cryptocurrency 104

The Last Watchdog

OCTOBER 5, 2023

Byron: I was initially drawn to cybersecurity as a USA TODAY technology reporter assigned to cover Microsoft. Erin: What cybersecurity technologies are you most excited about right now? Erin: What are some of the biggest cyber threats that businesses face today? Erin: How has the ransomware threat evolved in recent years?

Cyber threats 203

Cyber threats Cyber Insurance Cybersecurity Threat Detection 203

SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

Ransomware 81

Ransomware Cyber Risk Cyber Insurance Social Engineering 81

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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Malwarebytes

JUNE 14, 2021

In what could be a called “shocking news” on Friday, BleepingComputer revealed that the gang behind the Avaddon ransomware shut down its operations after releasing more than 2,000 decryption keys to the technology news site. which came directly from the Avaddon ransomware group. Avaddon ransomware attack victims.

Ransomware 71

Ransomware Insurance DDOS Healthcare 71

Security Boulevard

MAY 12, 2022

Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. What Is Not Covered Under Cyber Insurance? Below is a list of adaptive controls needed for cyber insurance.

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Cyber Insurance Insurance Marketing Firewall 105

SC Magazine

JUNE 15, 2021

WestRock was hit by a ransomware attack in January. In a May 5 earnings call for WestRock, Wall Street analysts got a rundown of losses resulting from a ransomware attack that hit the corrugated packaging company in January. And that did not factor in $20 million paid in ransomware recovery costs. We’re a 250-year-old company.

Ransomware 60

Ransomware Insurance Cyber Insurance Risk 60

SecureList

NOVEMBER 9, 2022

The contributors include representatives from government institutions: H.E. Dr.Mohamed Al Kuwaiti (UAE Cyber Security Council) , and public organizations: Kubo Ma?ák Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns. Another big issue is global semiconductor shortage.

Cybersecurity 135

Cybersecurity Cyber Insurance Cybercrime IoT 135

SecureWorld News

DECEMBER 7, 2022

As the world becomes increasingly reliant on technology, cybersecurity remains a top priority for individuals, businesses, and governments alike. As cyber professionals continue to adopt the technology, so will malicious threat actors. Cyber insurance trends in 2023.

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Cybersecurity Cyber Insurance Insurance Social Engineering 91

SC Magazine

FEBRUARY 8, 2021

But when it comes to cybersecurity coverage, the relationship between enterprises and insurers has been rocky and uncertain. And in a few high-profile cases, insurance companies have bailed. The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. A maturing model.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

Thales Cloud Protection & Licensing

JULY 21, 2022

Security breaches in this sector can be incredibly disruptive to society and are attracting considerable attention from governments and regulatory bodies around the world. From the ransomware attack that compromised a major U.S. The Threat of Ransomware. A Very Human Problem.

Cyber threats 71

Cyber threats Energy and Utilities Ransomware IoT 71

SecureWorld News

MARCH 28, 2024

Its report outlines steps financial institutions and the government can take to mitigate them: Financial Sector: Institutions are encouraged to develop robust AI security frameworks, conduct regular risk assessments, and implement best practices for data security and model development. With advancements come new risks. Here is the U.S.

Risk 77

Risk Artificial Intelligence Cybersecurity Financial Services 77

eSecurity Planet

JULY 8, 2022

Ransomware has now emerged as one of the key reasons to have a DR plan and DR technology in place. But it also requires software to orchestrate data movement, backup and restore technology to ensure a current copy of data is available, and the ability to recover systems and data rapidly. Disaster Recovery and Ransomware.

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Backups Ransomware Technology Marketing 142

SecureWorld News

NOVEMBER 1, 2021

Governments and organizations are trying to figure out the best way to approach this issue. And now The White House is weighing in with a new report, A Strategic Intent Statement for the Office of the National Cyber Director. government in cyber policy, action, and doctrine. Technology and Ecosystem Security.

Cybersecurity 73

Cybersecurity Government Cyber Insurance Technology 73

SC Magazine

MAY 28, 2021

The shutdown of operations of Colonial Pipeline captured the attention of the security community, government and consumers that suddenly couldn’t fill their gas tanks. Some saw this as a typical ransomware attack, albeit on a vulnerable target. That then begs the question of government’s role. Colonial Pipeline).

Insurance 117

Insurance Government Ransomware Risk 117

BH Consulting

JUNE 22, 2021

Are there policies and procedures in place to ensure good governance of information security? Insurance cover should never be a substitute for making an investment in the appropriate security controls for your business, based around technology, people and processes. What to do before choosing an insurer.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

SecureWorld News

OCTOBER 20, 2021

Especially because Accenture was hit with ransomware this year. On page 34 of the report, Accenture dives into the risk that cyber poses to the business. Here is the entire section on cyber risk from Accenture's report. Accenture featured this earning's news on page 2 in a big, bold font.

Cyber Risk 79

Cyber Risk Risk Insurance Cyber Insurance 79

SecureWorld News

SEPTEMBER 14, 2021

Bad actors are always looking for ways to garner information and they have access to advanced technology. The school district’s cyber insurance provided free credit monitoring, but many parents were still puzzled by how to report the problem and what steps they should take next to protect their children.

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Cyber Insurance Ransomware Insurance Backups 88

Malwarebytes

FEBRUARY 3, 2023

This is no surprise as phishing is often the prelude to more serious threats like ransomware, breaches, and BEC scams. Other worries were the rise in premium prices for cyber insurance, and the security implications of the rise in flexible working. But it’s not a problem the banking sector can solve on its own.

Scams 83

Scams Banking Cyber Insurance Cybercrime 83

NetSpi Executives

APRIL 27, 2024

Table of Contents What is ransomware? Ransomware trends Ransomware prevention Ransomware detection Ransomware simulation Ransomware security terms How NetSPI can help What is ransomware? Ransomware adversaries hold the data hostage until a victim pays the ransom. How does ransomware work?

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Ransomware Cyber Insurance Backups Insurance 52

Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. Consider that the average cost for a ransomware attack against a business is about $4,400, and your run of the mill phishing incident weighs in at a much less hefty $500. billion in BEC scam-related losses the year before. It’s Time to Do Something.

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Scams Identity Theft Phishing Accountability 130

Joseph Steinberg

JULY 8, 2021

Cyberattacks can even kill businesses.

Insurance 363

Insurance Cyber Insurance Cybersecurity Small Business 363

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. This trend is not so good.”.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

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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Ransomware Backups Insurance Cyber Insurance 52

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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Ransomware Backups Encryption Cybersecurity 98

Duo's Security Blog

JULY 6, 2021

This change reflects a movement we’re seeing in governments worldwide to be more assertive in improving government agency security. Service providers are already encouraged to comply with the Cyber Assessment Framework (CAF). Not surprisingly, these changes primarily focus on government agencies and the vendors who supply them.

Government 143

Government Architecture Backups Encryption 143

SC Magazine

JUNE 21, 2021

One of the most common suggestions to deal with the ransomware scourge – also one of the most controversial – is to ban the payment of ransoms. If no one paid ransom, the argument goes, there would be no market for ransomware. Ransomware is a complex policy issue. (Photo by Matthew Stockman/Getty Images).

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Ransomware Insurance Government Cyber Insurance 118

The Last Watchdog

SEPTEMBER 20, 2019

Local government agencies remain acutely exposed to being hacked. However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering. Ransomware attacks are trendy again,” Weller told me. “If

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Ransomware Government Firewall Cyber Insurance 153

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Ransomware Attacks: In 2023, a whopping 72.7% million per breach.

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Social Engineering Cyber Attacks Cyber Insurance IoT 131