Thales Cloud Protection & Licensing

MAY 9, 2022

Cyber insurance coverage ramps up. There is also huge debate around cyber insurance and whether it is fit for purpose. Cyber insurance is designed to help protect organizations against the fallout from cyber-attacks, including covering the financial costs of paying out ransomware demands and dealing with incidents.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

SecureWorld News

AUGUST 18, 2020

Ransomware attacks: another argument for cyber insurance? Business interruption, loss of revenue and reputational damages are all financial burdens that cyber insurance can provide relief for. Partnering with a trusted insurance carrier with dedicated cybersecurity expertise is a must.".

Cyber Insurance 81

Cyber Insurance Ransomware Insurance Technology 81

NetSpi Executives

APRIL 27, 2024

Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Some can’t afford not to pay, and some are covered by cyber insurance. Protect your backup systems. Does backup protect against ransomware? That’s why off-site backups are critically important for recovery.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

SecureWorld News

AUGUST 21, 2020

The ISO assisted the college in restoring locally managed IT services and systems from backup copies. The University had servers encrypted but restored the systems and the access from backups. It had cyber insurance: "The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.

Ransomware 75

Ransomware Cyber Insurance Insurance Backups 75

eSecurity Planet

OCTOBER 5, 2021

An organization must: Prepare a good backup policy and procedure. Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyber insurance policy.

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Ransomware Backups Insurance Cyber Insurance 130

Spinone

DECEMBER 8, 2016

What is G Suite Security Insurance? There are many G Suite security risks. G Suite security insurance removes and mitigates major risks of malware attacks and imposes those on the insurance company. Many small businesses rely on manual backup practices such as nightly backups to external storage media.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

SecureWorld News

SEPTEMBER 23, 2021

His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. The latest estimates are around 20% of actual ransomware instances get reported to law enforcement or insurance or regulators," Sheridan said. Cyber defense is about test, test, test.".

Ransomware 66

Ransomware Cyber Insurance Insurance Government 66

CyberSecurity Insiders

OCTOBER 20, 2021

The only saving grace was that the city had invested in both on-premise and cloud backups. On the business side, the plan should address elements such as having a communication plan for the CISO, CIO and company executives as well as a risk management component that includes cyber insurance. Backup Strategy.

Ransomware 111

Ransomware Backups Insurance Cyber Insurance 111

eSecurity Planet

OCTOBER 18, 2022

The best defense and the best option for recovery will always be the availability of sufficient, isolated data backups and a practiced restoration process. 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.

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Ransomware Encryption Insurance Backups 145

SecureWorld News

DECEMBER 2, 2020

We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack? Number one, we're going to want to think about the viability of the backups? How old are they?

Cyber Insurance 53

Cyber Insurance Insurance Ransomware Backups 53

Krebs on Security

MARCH 4, 2022

But if you have information about their cyber insurance and maybe they have a lot of money in their account, I need a bank payout, then I can bargain. For now, take a look at the documents and see if there is insurance and bank statements.” “They are insured for cyber risks, so what are we waiting for?

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Ransomware Insurance Cyber Insurance Accountability 212

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Sopra Steria - One of the Largest Reported Ransoms Europe's major IT services firm Sopra Steria was breached in October 2020 by the Ryuk gang, with extensive backups preventing major disruption.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

CyberSecurity Insiders

OCTOBER 24, 2022

Again, this incident demonstrates the importance of maintaining backups of data (especially sensitive and critical data) and managing human behavior as they access the systems. Cyber insurance. Often, educational institutions see cyber insurance as a needless expense. Make backups, and practice restoring from them.

Education 58

Education Cyber Attacks Cyber Insurance Insurance 58

Malwarebytes

SEPTEMBER 30, 2022

And a key part of building out any cybersecurity policy for your local government is to develop an organizational understanding of risk to systems, people, data, and so on. Take cyber insurance , for example. Also delivered free of charge by the NCATS team. Adopt the fundamentals. Baltimore learned this the hard way. (An

Government 60

Government Cybersecurity Cyber Insurance Insurance 60

Security Boulevard

JUNE 23, 2022

In just a few years, cyber has transformed from the nerd in the corner into the Kim Kardashian of risk. businesses can be built on, and destroyed by, cyber risk. Ask your cyber exec to explain the threats facing the organisation. discuss how your company’s culture supports cyber security and risk management.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

SecureWorld News

JANUARY 21, 2024

Additionally, nonprofits must be aware of the risks posed by inadequate security in third-party services they use, such as fundraising platforms and email services. Financial risks and consequences Various cyberattacks on nonprofits can lead to direct financial losses through stolen funds or ransom demands.

Cybersecurity 89

Cybersecurity Backups Cyber threats Software 89

eSecurity Planet

JULY 8, 2022

With a cyberattack, it’s more than just data that needs protecting—at risk is really the entire physical infrastructure from applications and operating systems down to low-level firmware and BIOS. This type of backup and DR technology offers RPOs measured in hours. See the Best Backup Solutions for Ransomware Protection.

Backups 142

Backups Ransomware Technology Marketing 142

Malwarebytes

JANUARY 15, 2023

As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law. Backup your data. Backups are the last line of defence against an attack that encrypts your data. Cybersecurity risks should never spread beyond a headline.

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Ransomware Backups Education VPN 80

SC Magazine

FEBRUARY 24, 2021

But the season-four episode “Decrypt” did capture many of the key elements that play into an attack scenario, including incident response, the role of cyber insurance agencies, and the ethics of paying. SC Media asked two cyber experts with health care experience for their own take on which parts of the episode – written by Thomas L.

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Ransomware Backups Insurance Cyber Insurance 94

SC Magazine

JUNE 15, 2021

expects to begin to recover the losses in quarters three and four, largely through insurance coverage. And while insurance, and even law enforcement in the case of JBS, can recover some losses, investor concern about hits to the bottom line and reputational damage can be lasting. Will our cyber insurer buy it or would we?”

Ransomware 60

Ransomware Insurance Cyber Insurance Risk 60

Adam Levin

MARCH 2, 2020

Bear in mind that your data backups will be of no use if they are also encrypted by a ransomware attack, so keep them stored separately and offline. If your company already has cyber insurance coverage, consider increasing it. Don’t be the next Heritage Company.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215

eSecurity Planet

APRIL 6, 2023

While a typical ransomware attack just encrypts the data, exfiltration raises the risk by threatening to make sensitive data public. The developer has fewer risks, and the buyer does all of the work. There are, however, some industries at higher risk than others. Supply chain companies are primarily at risk.

Ransomware 98

Ransomware Backups Encryption Cybersecurity 98

eSecurity Planet

FEBRUARY 16, 2021

With vulnerabilities rooted in unsuspecting users, the task of preventing these attacks means both staff training and a robust email and network security system that includes a strong backup program so you have a recent copy of your data that you can roll back to. Offline Backups. Screenshot example. Description. Staff Awareness.

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Ransomware Backups Software Encryption 97

SecureWorld News

MAY 18, 2021

This is what informs his perspective: "My role in practical terms is to be somewhat like the conductor of the symphony that comes in when there's this issue to work with cyber insurance providers, t o work with forensics firms, to work with PR firms, to work with data decryption negotiation firms, all of this. W e've got backups.

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Ransomware Backups Cyber Insurance Risk 67

Malwarebytes

DECEMBER 20, 2022

A little recovery time Don’t wait until ransomware is in your network and encrypting everything to ask if someone has a backup. Law enforcement, cyber insurance (if you have it), external security contractors may well be some of the first entities on your list. Cybersecurity risks should never spread beyond a headline.

Ransomware 85

Ransomware Backups Cyber Insurance Encryption 85

Thales Cloud Protection & Licensing

AUGUST 11, 2021

Even the most critical damages caused by ransomware are repairable as long as you have a solid backup strategy. Ransomware incidents covered by cyber insurance policies. Insurance is a valid and efficient tool mitigating the risks of encryption posed by your system's exposure to malware.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

Centraleyes

MARCH 19, 2024

Critical considerations include assessing business recovery risks, ensuring employee safety, and mitigating financial losses. Accelerating a multi-cloud strategy adds layers of resilience, allowing organizations to mitigate downtime risks and scale services based on demand. How Do Disaster Recovery Plans Work?

Risk 52

Risk Backups Technology Cyber threats 52

SC Magazine

MAY 13, 2021

Last year a friend was preparing for a cybersecurity roundtable and asked me a thought-provoking question: What “black swan” event will make the world take stock of cybersecurity as an existential risk to the world? Every year, cyber events nudge up the digital risk level and we’ve become desensitized to the increasing temperature.

Energy and Utilities 64

Energy and Utilities Ransomware Cyber Insurance Risk 64

Cisco Security

MARCH 22, 2022

Left of Boom refers to actions you can take to protect your organization before a cyber incident. It includes the following advice: Have visibility and control of all assets and actionable metrics to measure cyber risk. Backup all critical data at least daily. Cyber insurance is not the answer!

Cyber Insurance 67

Cyber Insurance Authentication Insurance Cyber Risk 67

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups. These methods provide significant security risks for businesses of all sizes. What is Double Extortion Ransomware?

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Duo's Security Blog

JULY 6, 2021

The eight areas are: Application Control Patch Applications Configure Microsoft Office Macro Settings User Application Hardening Restrict Administrative Privileges Patch Operating Systems Multi Factor Authentication Daily Backups Each area comes with guidance to improve maturity of the area. Watch this space — there’s more to come!

Government 143

Government Architecture Backups Encryption 143

Security Boulevard

JUNE 26, 2022

That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. If the CEO requires a 20% reduction across the whole organization, reducing security only puts the company at risk for a breach that could make far more financially impactful than a drop in sales.

Information Security 98

Information Security Technology Marketing Cyber Insurance 98

Spinone

OCTOBER 13, 2020

Whether it is synchronized files from on-premises to cloud environments or the risk of encryption of cloud email, ransomware is a real threat to your data. As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. Why do businesses pay the ransom?

Ransomware 52

Ransomware Backups Data breaches Encryption 52

SC Magazine

JUNE 30, 2021

Of that group, some were willing to let their districts part with sizable amount of money, even though local taxpayers would be (at the very least indirectly via cyber insurance costs) taking a hit as well. We recommend they invest in security and backups to better defend against the threat.”. It’s a balancing act.”AS.

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Ransomware Backups Cyber Insurance Media 82

Security Boulevard

MAY 17, 2023

His name is Omar Masri and he's a software engineer and also the founder and CEO of Mamari.io, which helps businesses overcome the cost and complexities of cybersecurity, preventing attacks while meeting compliance and cyber insurance requirements. But actually, the biggest change is actually how risk was assessed in cybersecurity.

Hacking 52

Hacking Insurance Small Business Cybersecurity 52

ForAllSecure

MAY 30, 2023

Obviously, organizations gotten smart to that and they started doing offline backups securing their backups differently, so that they would continue to have access and availability. VAMOSI: Does Mark typically work with insurance? LANCE : we work closely with insurance. By no means. VAMOSI: Should you pay?

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Ransomware Encryption Authentication Backups 40