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Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. Insurance claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books.
Ransomware negotiators, cyberrisks to the financial system, and why traditional passwords are here to stay - catch up on all of the week's infosec news with the Friday Five!
Minecraft warned users to secure Java versions of the game: Amazon Web Services posted about the new cyberrisk on its blog: "This vulnerability is severe and due to the widespread adoption of Apache Log4j, its impact is large.". Thankfully, the cyber tweets were not all doom and gloom. December 10, 2021.
Taking a Proactive Approach to Mitigating Ransomware Part 1: You Can’t Neglect the Application Layer ltabo Wed, 12/06/2023 - 18:42 Ransomware continues to dominate cybersecurity news. Recovery costs for ransomware attacks have also continued to increase year-over-year, up 30% from 2022 to 2023.
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.
Country-level guidelines are frequently absent or insufficient, and as a result, companies must ethically defend themselves, initiate vulnerability management programs, and decide whether to pay in ransomware attacks. Finnish infosec pros organized to track and protect patients from further abuse.
In this Spotlight Podcast, host Paul Roberts talks with Chris Walcutt, the CSO of DirectDefense about the rising cyber threats facing operational technology (OT) and how organizations that manage OT - including critical infrastructure owners can best manage increased cyberrisks to OT environments. Read the whole entry. »
This English-speaking collective previously served as an affiliate for ransomware group “ALPHV” and now partners with “RansomHub.” We attributed the incident with high confidence to “Scattered Spider,” an English-speaking collective acting as an affiliate for the ransomware group “RansomHub.”
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 billion in premium. But much will rely on regulation.
But technological advancement inherently results in greater cyberrisk, and today’s OT systems are more vulnerable than ever. . As threat actors continue to target critical infrastructure and industrial assets, we have seen ICS cyber-attacks increase in frequency and sophistication.
The Rise of Ransomware. 2021 saw some of the most damaging ransomware breaches in recent history. While it’s certainly not new, ransomware has seen a steep increase in frequency and sophistication this past year. For cyber actors, it’s a lucrative cyber attack option that can be delivered in various ways.
Ask them for a quick virtual coffee or phone call, get out to the many infosec events, and engage with the community ! A recent study found that the average cost saving from preventing a ransomware attack is $396,675. Engage a Managed Security Service Provider. Let’s work together to achieve the latter.
This English-speaking collective previously served as an affiliate for ransomware group “ALPHV” and now partners with “RansomHub.” We attributed the incident with high confidence to “Scattered Spider,” an English-speaking collective acting as an affiliate for the ransomware group “RansomHub.”
Working as CISO, DeSouza's areas of expertise include strategic planning, risk management, identity management, cloud computing, and privacy. While it fosters innovation, automation, and productivity, it simultaneously introduces significant cybersecurity and privacy risks.
The Rise of Ransomware. I never thought I’d live to see the day where ransomware was a common household term. You know it’s getting bad when your great aunt calls to chat about the increase in ransomware and what it means for our nation’s security ! Your People are Your First Line of Defense.
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