Digital Shadows

NOVEMBER 26, 2024

The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. This is likely because threat actors perceive US-based organizations to be more financially capable of paying ransoms due to well-developed cyber insurance.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Digital Shadows

JANUARY 14, 2025

The sectors targeted by ransomware groups have also remained consistent: Professional services and technical services (PSTS) and manufacturing companies are primary targets because of their economic importance, low tolerance for operational downtime, and higher willingness to pay ransoms.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

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

Digital Shadows

NOVEMBER 26, 2024

The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. This is likely because threat actors perceive US-based organizations to be more financially capable of paying ransoms due to well-developed cyber insurance.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Jane Frankland

JANUARY 12, 2025

Regulations will require device manufacturers and cloud providers to uphold security-by-design principles, ensuring that potential vulnerabilities are mitigated during the development stage. Cyber Insurance Cyber insurance will become an essential component of risk management strategies.

Cybersecurity 130

Cybersecurity CISO Insurance IoT 130