Centraleyes

DECEMBER 16, 2024

Expect to see more investments in privacy-enhancing technologies (PETs) such as encryption, anonymization, and data masking. Quantum Computings Impact on Cybersecurity Quantum computing, although still in its early stages, poses a future threat to current encryption standards.

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Cybersecurity Insurance Cyber Insurance Risk 98

SecureWorld News

AUGUST 1, 2023

One aspect of these cyberattacks that has been hotly debated is the role that cybersecurity insurance plays in these incidents. To better understand the relationship between insurance and ransomware, U.K.-based RUSI's research challenges the notion that cyber insurance is a direct catalyst for ransomware.

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Cyber Insurance Insurance Ransomware Marketing 98

SecureWorld News

MARCH 20, 2024

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

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Cyber Insurance Insurance Ransomware Risk 111

CSO Magazine

MAY 15, 2023

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers. Back in 2019, fewer than 20% of enterprises suffered repeat ransomware attacks, while during the pandemic, the percentage rose to around 30%.

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Insurance Cyber Insurance Ransomware Encryption 123

Malwarebytes

FEBRUARY 21, 2023

Ransomware authors are wading into the cybersecurity insurance debate in a somewhat peculiar way. Specifically: urging victims to disclose details of their insurance contract , in order to tailor a ransom which will be beneficial to the company under attack. What does the encryption warning message say?

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Cyber Insurance Insurance Ransomware Encryption 96

Krebs on Security

AUGUST 6, 2020

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.

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Accountability Identity Theft Hacking Insurance 362

Webroot

SEPTEMBER 7, 2023

When it comes to keeping sensitive data safe, email encryption is a necessity. Too many employees and IT experts have experienced the pain of trying to use a needlessly complicated email encryption solution. If this is the experience you’ve come to expect, Webroot Email Encryption powered by Zix is here to surprise you.

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Encryption Passwords Insurance Healthcare 128

Security Boulevard

NOVEMBER 18, 2022

What Is Encryption Key Management? To keep data safe, it is encrypted and decrypted using encryption keys. Types of Encryption Keys. There are two main types of encryption keys : symmetric and asymmetric. Symmetric key encryption uses a single key to both encrypt and decrypt data. brooke.crothers.

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Encryption Digital transformation Insurance IoT 122

Krebs on Security

JULY 19, 2021

Experts say the biggest reason ransomware targets and/or their insurance providers still pay when they already have reliable backups is that nobody at the victim organization bothered to test in advance how long this data restoration process might take. “That is still somewhat rare,” Wosar said.

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Backups Ransomware Encryption Insurance 361

Duo's Security Blog

APRIL 25, 2022

For as long as organizations have existed to grow crops, move goods or produce items there have been insurance firms to help these markets survive cyclical events. Unsurprisingly, we are seeing more and more MFA requirements in cyber liability insurance policies as it has such a significant impact in reducing the chance of financial loss.

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Insurance Risk Marketing Authentication 115

Malwarebytes

JANUARY 5, 2023

The Supreme Court of Ohio issued a ruling days before the New Year that a software and service provider shouldn't be covered by insurance against a ransomware attack as it didn't cause direct or physical harm to tangible components of software, as it doesn’t have any. its policy owner, denied the claim.

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Insurance Software Ransomware Media 96

Security Boulevard

NOVEMBER 23, 2022

Hospitals, government health agencies and other health care entities have a growing need to securely store and transfer personal data, both from patient to provider and with relevant agencies, insurers and regulators. The post How Health Care Data Encryption Fits Into Your Security Strategy appeared first on Security Boulevard.

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Encryption Insurance Government Risk 105

Malwarebytes

JANUARY 6, 2025

Westend Dental agreed to settle several violations of the Health Insurance Portability and Accountability Act (HIPAA) in a penalty of $350,000. This ransomware is known for employing double extortion tactics, which means they encrypt victims’ data while also threatening to release sensitive information unless a ransom is paid.

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Data breaches Ransomware Passwords Insurance 145

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

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Insurance Ransomware Cyber Insurance Malware 98

eSecurity Planet

DECEMBER 7, 2023

Encryption uses mathematical algorithms to transform and encode data so that only authorized parties can access it. What Encryption Is and How It Relates to Cryptology The science of cryptography studies codes, how to create them, and how to solve them. How Does Encryption Process Data? How Does Encryption Process Data?

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Encryption Passwords IoT Firewall 116

Krebs on Security

DECEMBER 7, 2019

The attack on CTS comes little more than two months after Sodinokibi hit Wisconsin-based dental IT provider PerCSoft , an intrusion that encrypted files for approximately 400 dental practices. “I would recommend everyone reach out to their insurance provider,” said one dentist based in Denver.

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Ransomware Backups Insurance Wireless 247

Adam Levin

APRIL 10, 2019

The analysis was conducted by the Aite Group, which looked at mobile apps in eight categories: retail banking, credit cards, mobile payment, healthcare savings, retail finance, health insurance, auto insurance and cryptocurrency.

Banking 187

Banking Retail Insurance Mobile 187

Krebs on Security

MARCH 2, 2021

based PrismHR handles everything from payroll processing and human resources to health insurance and tax forms for hundreds of “professional employer organizations” (PEOs) that serve more than two million employees. Hopkinton, Mass.-based PrismHR has not yet responded to requests for comment.

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Ransomware Small Business Insurance Software 338

SecureWorld News

NOVEMBER 14, 2024

Attackers are not only encrypting systems but also targeting sensitive data, including Protected Health Information (PHI) and Personally Identifiable Information (PII), such as diagnoses, therapy records, genetic data, and Social Security numbers. We just have to accept the risks and rely on insurance to recover.'"

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Healthcare Ransomware Identity Theft Data breaches 115

Hacker's King

DECEMBER 24, 2024

Quantum Computing Threats While quantum computing offers immense potential, it also poses a serious risk to traditional encryption methods. Hackers with access to quantum technology could potentially break existing cryptographic protocols, necessitating the development of quantum-resistant encryption.

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Cybersecurity Cyber Insurance IoT Insurance 59

Krebs on Security

DECEMBER 8, 2022

First spotted in mid-August 2022 , Venus is known for hacking into victims’ publicly-exposed Remote Desktop services to encrypt Windows devices. Encrypting sensitive data wherever possible. Department of Health and Human Services (HHS) warned that Venus ransomware attacks were targeting a number of U.S. healthcare organizations.

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Healthcare Backups Ransomware Insurance 324

Malwarebytes

OCTOBER 11, 2023

The Philippine Health Insurance Corporation (PhilHealth), has confirmed that it was unprotected by antivirus software when it was attacked by the Medusa ransomware group in September. Stop malicious encryption. Make it harder for intruders to operate inside your organization by segmenting networks and assigning access rights prudently.

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Antivirus Insurance Ransomware Healthcare 124

Security Boulevard

SEPTEMBER 5, 2024

Our observations indicate that a substantial number of the targeted individuals are employees within the Colombian insurance industry.The figure below shows the phishing email, which includes the PDF and download URL, spoofing the Colombian tax authority. The content of the paste is an encrypted string, as shown in the example below.

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Insurance Phishing Banking Encryption 87

Thales Cloud Protection & Licensing

MARCH 18, 2025

Thales OneWelcome Identity Platform and HIPAA Compliance in 2025 madhav Wed, 03/19/2025 - 05:58 The Health Insurance Portability and Accountability Act (HIPAA) has undergone significant changes in 2025, introducing enhanced requirements to address growing cyber threats and ensure comprehensive data protection.

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Healthcare Encryption Authentication Penetration Testing 62

Malwarebytes

JANUARY 20, 2025

Last week on Malwarebytes Labs: iMessage text gets recipient to disable phishing protection so they can be phished The new rules for AI and encrypted messaging, with Mallory Knodel (Lock and Code S06E01) Insurance company accused of using secret software to illegally collect and sell location data on millions of Americans The great Google Ads heist: (..)

Insurance 75

Insurance Phishing Advertising Malware 75

Security Affairs

MARCH 13, 2025

As of February 2025, Medusa developers and affiliates have impacted over 300 victims from a variety of critical infrastructure sectors with affected industries including medical, education, legal, insurance, technology, and manufacturing.” The attackers are also spotted manually disabling and encrypting virtual machines.

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Ransomware Encryption Cryptocurrency Insurance 68

Krebs on Security

JANUARY 19, 2022

is perhaps better known as the online identity verification service that many states now use to help staunch the loss of billions of dollars in unemployment insurance and pandemic assistance stolen each year by identity thieves. We encrypt all that stuff down to the file level with keys that rotate and expire every 24 hours.

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Mobile Accountability Insurance Government 364

eSecurity Planet

OCTOBER 18, 2022

However, even with the best planning, organizations can find a few users, machines, or systems that were overlooked or whose backup may be corrupted or encrypted. First, call the cyber insurance company that issued the organization’s cybersecurity policy. Insured companies often will not have options. Eliminate attacker access.

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Ransomware Encryption Insurance Backups 145

Tech Republic Security

SEPTEMBER 6, 2024

Tenable's research reveals 26,500 cyber vulnerabilities in Southeast Asia's banking and insurance sectors, exposing critical security risks.

Banking 174

Banking Risk Insurance Financial Services 174

eSecurity Planet

MARCH 17, 2025

Since its emergence in 2021, Medusa has targeted over 300 victims across various critical infrastructure sectors, including medical, education, legal, insurance, technology, and manufacturing. Attackers employ a double extortion strategy, encrypting victim data and threatening to publicly release it if the ransom is unpaid.

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Ransomware Backups Firmware Insurance 76

Duo's Security Blog

FEBRUARY 4, 2025

With the rate that new threats emerge, it may come as no surprise that cyber liability insurance can be traced back to 1997. In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. What would an insurer do? At least not alone.

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Cyber Insurance Insurance Authentication Risk 64

Krebs on Security

OCTOBER 28, 2020

Ransomware attackers often spend weeks or months inside of a target’s network before attempting to deploy malware across the network that encrypts servers and desktop systems unless and until a ransom demand is met. He declined to comment on the particulars of the extortion incident.

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Hacking Ransomware Banking Accountability 359

Krebs on Security

FEBRUARY 19, 2020

It is perhaps best known for selling virtual private networking (VPN) software that lets users remotely access networks and computers over an encrypted connection. Citrix provides software used by hundreds of thousands of clients worldwide, including most of the Fortune 100 companies.

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VPN Passwords Software Telecommunications 363

Thales Cloud Protection & Licensing

JANUARY 16, 2025

Some of the most important are Gramm-Leach-Bliley Act ( GLBA ), the National Association of Insurance Commissioners ( NAIC ) Data Security Model Law, the New York Department of Financial Services ( NYDFS ) Cybersecurity Regulation, and the National Credit Union Administration ( NCUA ) cybersecurity guidance.

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Financial Services Encryption Insurance Government 62

Thales Cloud Protection & Licensing

FEBRUARY 3, 2025

HIPAA ensures that businesses treat your personal health information with extra care, encrypting it, restricting who can access it, and ensuring systems that store it are secure and continuously tested. To compound issues, identity and encryption management complexity is a serious issue. What is HIPAA? Who does it apply to?

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Healthcare Penetration Testing Insurance Encryption 62

CyberSecurity Insiders

SEPTEMBER 20, 2021

Encryption and data backup. Data encryption is a protection strategy that renders data useless even when an intruder accesses it. Encrypting all your company’s sensitive data and private information ensures that it’s protected from data breaches. Invest in cybersecurity insurance.

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Cybersecurity Insurance Passwords Encryption 121

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.

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Financial Services Cybersecurity CISO Backups 62