Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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Cyber Insurance Insurance Risk Technology 102

CSO Magazine

APRIL 20, 2023

Cyber insurance provider At-Bay has announced the launch of a new InsurSec solution to help small-to-mid sized businesses (SMBs) improve their security and risk management postures through their insurance policy. The emergence of InsurSec technology reflects a cyber insurance landscape that has seen significant change recently.

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Security Affairs

FEBRUARY 6, 2021

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. The company reported the ransomware attack to law enforcement and notified its customers. The company is responding to the incident with the help of leading cyber defense firms.

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Ransomware Insurance Cyber Insurance Technology 145

SC Magazine

MAY 19, 2021

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be.

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Insurance Cyber Insurance Marketing Ransomware 102

CyberSecurity Insiders

AUGUST 26, 2022

Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. And so does Lloyd that sent a memo to the company’s 75 insurance syndicates.

Cyber Insurance 90

Cyber Insurance Insurance Cyber Attacks Risk 90

SC Magazine

MAY 24, 2021

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

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Cyber Insurance Insurance Cyber Risk Authentication 77

Adam Levin

JUNE 30, 2020

We’re not even halfway through 2020, and already it’s been a record-breaking year for ransomware attacks. No industry, category, size, or group is safe from this cyber scourge. Millions of inboxes have been hit with a variant of Avaddon ransomware. 1-99-employee companies are a target. What can CEOs do?

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

eSecurity Planet

JULY 12, 2022

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

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Ransomware Cyber Insurance Backups Insurance 142

Security Affairs

JUNE 18, 2024

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Today, this tactic has evolved, where ransomware operators in nearly every case first exfiltrate sensitive data and then threaten to publicly expose it if a ransom demand is not paid.

Ransomware 144

Ransomware Cryptocurrency Insurance Cybercrime 144

SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.

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Cyber Insurance Insurance Ransomware Cyber Attacks 56

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. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

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CyberSecurity Insiders

APRIL 19, 2022

A study conducted by Cybersecurity Firm Mandiant confirms that ransomware actors are increasingly targeting virtualization platforms to extort ransom in large amounts. The year 2021 witnessed an increase in ransomware attacks on Corporate IT environments.

Ransomware 120

Ransomware Cyber Insurance Insurance Cryptocurrency 120

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

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Cyber Insurance Insurance Cyber Risk Marketing 58

eSecurity Planet

OCTOBER 5, 2021

First, we prepare a plan for the possibility, then when a ransomware attack occurs we execute the plan. To help, we break down the process into the following steps: How to Prepare for Ransomware. Ransomware Response. Simple Ransomware Recovery. How to Prepare for Ransomware. Ransomware Security.

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Ransomware Backups Insurance Cyber Insurance 132

Malwarebytes

SEPTEMBER 14, 2022

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. That being said, security experts advise against relying solely on a single technology or technique to protect business endpoints.

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Technology DNS Cyber Insurance Insurance 88

CyberSecurity Insiders

JANUARY 6, 2023

By Doron Pinhas, Chief Technology Officer, Continuity. 2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Job dissatisfaction and surging unemployment across the technology sector is likely to spur more insider threats. Insurance Refusals and Rate Hikes.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

SecureWorld News

AUGUST 18, 2020

The Carnival Corporation, which has canceled cruises for months now as a result of COVID-19, says one of its cruise brands was hit with a ransomware cyberattack. What do we know about the Carnival Cruises ransomware attack? Ransomware attacks 2020: what do cybercrminals want? Remediation is underway.

Cyber Insurance 88

Cyber Insurance Ransomware Insurance Technology 88

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.

Ransomware 101

Ransomware Cyber Insurance Insurance Digital transformation 101

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 Ransomware 131

CyberSecurity Insiders

OCTOBER 26, 2022

The impact of ransomware attacks on businesses is twofold. While many equate ransomware with encrypted files and potential ransom payments, the consequences go even further in terms of the costs and requirements of an organization. The Dangers of Ransomware Attacks. By Rajesh Ram, Chief Strategy Officer at Egnyte.

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Ransomware Cyber Insurance Insurance Risk 120

The Last Watchdog

SEPTEMBER 20, 2019

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. Related: Free tools that can help protect elections I had a deep discussion about this with Todd Weller, chief strategy officer at Bandura Cyber.

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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.

Social Engineering 144

Social Engineering Cyber Attacks Cyber Insurance IoT 144

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.

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Ransomware Insurance DDOS Healthcare 108

CyberSecurity Insiders

OCTOBER 20, 2021

Okumu lived through the ransomware attack on the City of Baltimore in 2018, which affected 90% of the municipality’s applications. As the then-director of IT infrastructure for the city, he learned a lot of valuable lessons about defending against and recovering from a ransomware attack. It had started sometime between 4 a.m.

Ransomware 111

Ransomware Backups Insurance Cyber Insurance 111

CyberSecurity Insiders

MAY 1, 2023

Almost all of those who suffered consequences related to a data spill are likely, or have already, filed a lawsuit against their technology partners. Surprisingly, the analysis conducted by American law firm BakerHostetler found that victims who made ransomware payments increased in the year 2022 compared to 2021.

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

Malwarebytes

JULY 27, 2022

Fighting against ransomware can be difficult—especially if your organization has limited IT resources to begin with. But Adam Kujawa, security evangelist and director of Malwarebytes Labs, has a few tips for overburdened IT folks looking to simplify their fight against ransomware. 3 tips to simplify the fight against ransomware.

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Ransomware Backups Penetration Testing Cyber Insurance 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?

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Cyber threats Cyber Insurance Cybersecurity Threat Detection 203

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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Ransomware Backups Software Encryption 97

SecureWorld News

MAY 9, 2023

The attacker managed to upload ransomware into the department's information technology system, which resulted in the department's operations being affected. Officials only referred to the incident as a "network disruption" until they finally acknowledged that a ransomware attack had taken place.

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Cyber Insurance Insurance Ransomware Encryption 92

The Last Watchdog

APRIL 30, 2019

Prior to launching CyberSaint, Wrenn was CSO of Schneider Electric, a supplier of technologies used in industrial control systems. That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” Wrenn said. “So Privacy in focus The flip side of data security is privacy.

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Cybersecurity Insurance Cyber Insurance Risk 173

CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

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Cyber Insurance Insurance Cyber Risk Risk 52

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 past, the government would not step in because ransomware was not a national security issue. But that’s changing.

Ransomware 104

Ransomware Insurance Government Cryptocurrency 104

SecureList

NOVEMBER 9, 2022

Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns. Businesses will still be mostly concerned with ransomware. will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable.

Cybersecurity 145

Cybersecurity Cyber Insurance Cybercrime IoT 145

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 97

CompTIA on Cybersecurity

DECEMBER 23, 2021

Cybersecurity was a big focus for CompTIA in 2021, producing a tremendous volume of content and data detailing how MSPs and other technology companies are responding to the latest cyberattacks, ransomware, hacks, and other cybercriminal behavior.

Cyber Insurance 72

Cyber Insurance Cybersecurity Insurance Technology 72

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. Propelled by the surge of cyber incidents and ransomware attacks, businesses and insurance providers are rethinking and redefining how they engage each other, said Trent Cooksley, chief operation officer at Cowbell Cyber. “In

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Insurance Cybersecurity Cyber Insurance Government 126