eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected.

Ransomware 144

Ransomware Cyber Insurance Backups Insurance 144

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 94

Insurance Cryptocurrency Cyber threats Marketing 94

CyberSecurity Insiders

MARCH 25, 2021

Email services are being used strategically by hackers to conduct email attacks by impersonating individuals or criminals to steal vital information like passwords. And sometimes cyber criminals are using email services to trick employees into making fraudulently large financial transfers via new business deals or contracts.

Cyber threats 128

Cyber threats Cyber Insurance Insurance Cyber Risk 128

SecureWorld News

AUGUST 21, 2020

The end result was hefty payment: "After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker. It had cyber insurance: "The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.

Ransomware 98

Ransomware Cyber Insurance Insurance Backups 98

Malwarebytes

JULY 5, 2021

Other cybersecurity news.

Cyber Insurance 106

Cyber Insurance Social Engineering Scams Insurance 106

BH Consulting

JULY 17, 2024

He added that IT professionals relying on strong passwords or the ability to spot phishing isn’t enough. Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022. The findings echo Coalition’s 2024 Cyber Claims report.

Cyber Insurance 69

Cyber Insurance Insurance Risk Marketing 69

Malwarebytes

MARCH 10, 2021

This threat comes from old passwords taken from password dumps—which have probably long since changed—which could lend some believed credibility to the threat. 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.

Ransomware 127

Ransomware Insurance Cyber Insurance Social Engineering 127

SecureWorld News

DECEMBER 7, 2022

Cyber insurance trends in 2023. As the three previous trends discussed how certain aspects of the cybersecurity industry will continue to grow in 2023, expect the same from the cyber insurance market. I believe we'll see more exemption clauses denying coverage for ransomware and other specific attack types.".

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Social Engineering 98

Security Affairs

FEBRUARY 8, 2024

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. As a precaution, they revoked all security certificates and passwords for their web portal.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

Duo's Security Blog

NOVEMBER 19, 2024

The merits of MFA have been so widely accepted that governments recommend it, cyber insurance providers often require it, and companies like Microsoft and Google are now mandating MFA for a variety of login use cases. However, the rise of MFA has come with a correlated challenge: authentication fatigue.

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Authentication Cyber Insurance Insurance Passwords 111

Hacker Combat

JULY 31, 2020

Passwords go unchanged for years because they’re easy to remember. Carry Cyber Insurance. This makes carrying a cyber insurance policy with a reputable carrier a good idea. Compromised, reused and weak passwords are responsible for 81 percent of hacking related breaches. ABU — Always Be Updating.

Cybersecurity 69

Cybersecurity Cyber Insurance Insurance Data breaches 69

CyberSecurity Insiders

JUNE 22, 2023

Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Nope, says a renowned international bank from UK. Enhance security measures: Strengthen your security measures to prevent future attacks.

Ransomware 96

Ransomware Banking Cyber Insurance Insurance 96

Malwarebytes

SEPTEMBER 14, 2022

"You roll a device quickly, you enroll a device—that's something they have, which is usually a smartphone—something they know, which is a password—and then you enforce password minimum.” Bonus: Cyber insurance. Without cyber insurance, you can expect to pay a dizzying amount of cash.

Technology 74

Technology DNS Cyber Insurance Insurance 74

Webroot

SEPTEMBER 24, 2024

Use strong, unique passwords : Weak or reused passwords are an easy way in for cybercriminals. Use a password manager to create and store strong passwords. This ensures that even if a hacker gets your password, they can’t access your account without a second step.

Cyber threats 114

Cyber threats Small Business Scams Cybercrime 114

Adam Levin

JULY 8, 2020

It should include an inventory of who can access registrar accounts, implementation of two-factor authentication, and password hygiene checks. Whether your company is international or a regional operation, the time to invest in a cybersecurity audit was yesterday.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

eSecurity Planet

MARCH 17, 2023

Third-Party Risk Management Product Guide Best Third-Party Risk Management (TPRM) Tools Password Management Password management software is designed to securely store individual user, team, and organizational credentials in a centralized, encrypted password vault.

Network Security 121

Network Security Penetration Testing Firewall Software 121

Digital Shadows

NOVEMBER 26, 2024

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. For instance, disable password-saving in web browsers via Group Policy Management to prevent credential theft.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

CyberSecurity Insiders

OCTOBER 26, 2022

From a budgetary standpoint, ransom payments and cyber insurance premiums have continued to rise over time. All employees should also be encouraged to “say something if they see something” when it comes to unexpected password or network access alerts, apparent phishing emails, and other suspicious activity.

Ransomware 120

Ransomware Cyber Insurance Insurance Cyber Attacks 120

Malwarebytes

JUNE 14, 2021

BleepingComputer claimed they received an anonymous tip purporting to be from the FBI, containing a password and a link to a password-protected ZIP file. Coincidentally, this attack came close to a week after the insurance giant announced that it would cease covering customers in France who pay up after being attacked by ransomware.

Ransomware 81

Ransomware Insurance DDOS Healthcare 81

CyberSecurity Insiders

JANUARY 10, 2023

Attackers will rely less and less on CVEs, instead using identity theft, passwords, and misconfigurations to enter and move within networks. The post XM Cyber’s Cybersecurity Predictions for 2023 appeared first on Cybersecurity Insiders. Shay Siksik, VP Customer Experience. Zur Ulianitzky, VP Research.

Cybersecurity 108

Cybersecurity Identity Theft Cyber Insurance Digital transformation 108

CyberSecurity Insiders

OCTOBER 24, 2022

In July, poor password hygiene led to another ransomware attack. The group known as LockBit is notorious for sending email attachments to trick gullible workers into providing access or passwords to access systems before capturing data and holding it hostage. . Cyber insurance. Whitworth University compromised.

Education 58

Education Cyber Attacks Cyber Insurance Insurance 58

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. Prohibit use of known/fixed/default passwords and credentials. Baltimore learned this the hard way. (An

Government 64

Government Cybersecurity Cyber Insurance Insurance 64

Digital Shadows

OCTOBER 14, 2024

English-speaking countries, particularly the US, UK, Canada, and Australia, have well-developed insurance markets and higher cybersecurity awareness, resulting in higher ransomware insurance adoption. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

SecureWorld News

JUNE 18, 2020

We carry cybersecurity insurance, subject to applicable deductibles and policy limits. We have this much data and this much information, it has customer data, employee data, we have everybody's passwords. We have also engaged with the appropriate law enforcement authorities.". Maze ransomware attacks and the rise in nuclear ransomware.

Ransomware 61

Ransomware Insurance Cyber Insurance Manufacturing 61

Centraleyes

JUNE 11, 2024

Implement MFA solutions combining multiple authentication factors, such as passwords, physical tokens, biometric identifiers, and one-time passcodes, to enhance security and mitigate the risk of credential theft or misuse risk. Prioritize using MFA for accounts with elevated privileges, remote access, and access to sensitive data or systems.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

Malwarebytes

OCTOBER 19, 2022

There is no need for criminals to jimmy a lock if they can steal a key, and the keys to your kingdom are your users’ passwords. In theory , putting those keys out of reach is easy: You just need all your users to choose strong, unique passwords for every account they use, all the time. Can your EDR handle a ransomware attack?

Passwords 80

Passwords Ransomware Backups Cyber Insurance 80

Webroot

OCTOBER 14, 2022

As a result, many organizations are shifting away from cyber insurance and adopting layered defenses in an effort to achieve cyber resilience. The post Discover 2022’s Nastiest Malware appeared first on Webroot Blog.

Malware 78

Malware Antivirus DDOS Cyber Insurance 78

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

Cybersecurity 104

Cybersecurity Backups Cyber threats Software 104

Troy Hunt

MARCH 2, 2020

These were companies spanning all sorts of different industries; big tech, general infosec, antivirus, hosting, finance, e-commerce, cyber insurance - I could go on. The point is the net was cast very wide. We whittled the original 141 companies down to the 43 that were best aligned to the goals I outlined in the original blog post.

Data breaches 354

Data breaches Marketing Cyber Insurance InfoSec 354

Malwarebytes

DECEMBER 20, 2022

Law enforcement, cyber insurance (if you have it), external security contractors may well be some of the first entities on your list. Make sure you set those passwords in the first place, and limit the rate that individuals can keep trying to log in before being locked out.

Ransomware 91

Ransomware Backups Cyber Insurance Encryption 91

Digital Shadows

JANUARY 14, 2025

We advise customers incorporate the following Automated Response Playbooks into their incident response plans for a more robust and efficient defense strategy: Terminate Active Sessions and Reset Passwords: Ransomware operators abuse stolen credentials to move laterally, gaining access to high-value data.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

NetSpi Executives

APRIL 27, 2024

terminal services, virtual private networks (VPNs), and remote desktops—often use weak passwords and do not require MFA. Attackers guess the passwords easily, find them in open source code repositories, or collect them via phishing. Some can’t afford not to pay, and some are covered by cyber insurance.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

Webroot

SEPTEMBER 27, 2024

Use strong, unique passwords : Weak or reused passwords are an easy way in for cybercriminals. Use a password manager to create and store strong passwords. This ensures that even if a hacker gets your password, they can’t access your account without a second step.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

Malwarebytes

JANUARY 15, 2023

As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law. Ensure your RDP points are locked down with a good password and multi-factor authentication. Rate limiting is a great way to fend off brute force attempts on your login.

Ransomware 87

Ransomware Backups Education VPN 87

eSecurity Planet

FEBRUARY 16, 2021

Ransomware frequently contains extraction capabilities that can steal critical information like usernames and passwords, so stopping ransomware is serious business. As ransomware keeps at its current pace, we see a boom in cyber insurance sales (see Ransomware Insurance: Cyber Insurance May Be the Best Protection ).

Ransomware 97

Ransomware Backups Software Encryption 97

SC Magazine

JUNE 14, 2021

It actually almost matches up with maybe 70% or 80% of the clients that we’re supporting, who had almost identical attacks with an old credential, with a weak password on a VPN. Credential monitoring, password policy, [multi-factor authentication], are preventable problems. Sometimes they have the cyber insurance policy.

Ransomware 85

Ransomware Passwords VPN Cyber Insurance 85

Thales Cloud Protection & Licensing

JULY 21, 2022

However, this stance indicates a lack of understanding of the effects of all the parties involved, such as cyber insurance underwriters, incident response firms, government regulations, and ransomware attribution. For many organizations, paying the ransom can be less damaging than risking any additional impacts.

Cyber threats 71

Cyber threats Energy and Utilities Ransomware IoT 71