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Ransomware attack on New York Law Department

CyberSecurity Insiders

A state-funded cyber attack has led to the New York Law Department hack disrupting legal proceedings from Saturday last week. And authorities state that the backup and recovery process of information could take days or weeks under present circumstances.

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A Cyber Insurance Backstop

Schneier on Security

11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion. Scholars know what they think works: strong encryption, multifactor authentication, regular software updates, and automated backups.

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It’s not ‘See you later.’ It’s ‘Goodbye’: Moving on from Tokenization in the age of Ransomware

CyberSecurity Insiders

Tokenization was invented a little over twenty years ago in 2001 to address the risk of losing cardholder data from eCommerce platforms. In recent years, cyber attackers began to go after a wide variety of data beyond just payment cards. It does not matter that the victims have their backup and recovery systems in order.