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HardBit ransomware demands ransom based on insurance cover

CyberSecurity Insiders

All these days we have read about ransomware spreading groups stealing data and then threatening to release it online, if the victim fails to pay heed to their demands. But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover.

Insurance 124
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You’ve Never Heard of the C-Suite Targeting Scam, but It’s a Killer

Adam Levin

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. The report also noted an uptick in BEC scams targeting payroll funds in 2019.

Scams 130
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Top 5 Security Trends this Summer: RSA Conference & Black Hat 2022

Webroot

Cyber insurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyber insurance has gained prominence across the industry. The cyber insurance market is expected to reach around $20B by 2025. Cyber Resilience planning puts focus on recovery readiness.

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2023 Predictions for Storage and Backup Ransomware

CyberSecurity Insiders

By the time they adjust their processes, beef up their defenses, and add new layers of security, they find themselves battling more virulent ransomware strains and cyber-scams. Insurance Refusals and Rate Hikes. But not insurance companies. That fallacy is dawning on more and more IT and security personnel.

Backups 136
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A week in security (June 28 – June 4)

Malwarebytes

Researchers explore the insecure world of the subdomain (Source: Can i take your subdomain) Cyber insurance model is broken, consider banning ransomware payments (Source: The Register) How facial recognition solutions can safeguard the hybrid workplace (Source: Help Net Security) Capital One hacker faces fresh charges for 2019 hacking spree (Source: (..)

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These are the 15 Top Cyber Threats Now

SecureWorld News

Ransomware. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. We can't look at all of these categories, but let's talk about the number one cyber attack threat of malware. Researchers also found that file-less ransomware skyrocketed and that trend makes sense.

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What you need to know: The biggest cyber threats in 2024

Webroot

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. From ransomware attacks to phishing scams, hackers are becoming more sophisticated. For consumers: Stay alert to potential phishing attacks or scams related to global events.