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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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A Ransomware Group Claims to Have Breached the Foxconn Factory

Hacker Combat

ransomware to conduct the cyber-attack, the hackers threaten to expose stolen files unless the company pays a ransom. The factory specializes in manufacturing, consumer electronics, medical devices, and industrial operations. The ransomware gang demanded over $34 million in bitcoin to be paid as ransom.

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The Analyst Prompt #20: Attack Against Tata Power Highlights Cyber Risk to India’s Growing and Increasingly Connected Population?

Security Boulevard

Key Infrastructure and Critical Vulnerabilities: Attack Against Tata Power Highlights Cyber Risk to India’s Growing and Increasingly Connected Population. 1) In late October, Hive ransomware claimed the attack and began leaking data stolen from Tata Power on its website. (16) About EclecticIQ Threat Research.

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Why backups are not the panacea for recovery from a ransomware attack

SC Magazine

The most pervasive wisdom about preventing damage from ransomware is to backup systems, but that alone may not be enough. The most pervasive wisdom about preventing damage from ransomware is to backup systems. Indeed, recovering from ransomware can be tough. Amy Sacka for Microsoft). Backups can make it easier.

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Deciphering the Omnibus for Medical Device Security

NetSpi Executives

Section 3305 mandates that medical device manufacturers must submit comprehensive plans to the FDA, focusing on monitoring, identifying, and proactively addressing medical device vulnerabilities. Moreover, manufacturers must establish and maintain processes to ensure that the device and associated systems are sufficiently cyber-secure.

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Norsk Hydro Hit with ‘Severe’ LockerGoga Ransomware Attack

The Security Ledger

Global aluminum manufacturer Norsk Hydro was hit with an alleged ransomware attack Tuesday. The post Norsk Hydro Hit with ‘Severe’ LockerGoga Ransomware Attack appeared first on The Security Ledger. The attack is having a major impact on the company's global business and production.

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Corvus Insurance Reports the Ratio of Ransoms Demanded to Ransoms Paid is Steadily Declining

CyberSecurity Insiders

The report provides an inside look at the insights and tools used by risk managers, IT departments, security researchers, and solution providers to hone their offerings and approaches to keeping organizations safe from evolving cyber threats. Ransomware claims and costs.