Remove 2001 Remove Backups Remove Cyber Attacks Remove Encryption
article thumbnail

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 sources confirm that the disruption was caused by file-encrypting malware i.e. ransomware and it might take some time for the department to pull back the operations to normalcy.

article thumbnail

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

CyberSecurity Insiders

Encryption-in-use, a.k.a. data-in-use encryption, is changing the data protection landscape and could spark a cybersecurity movement that dwarfs tokenization in both usage and magnitude of impact. Tokenization was invented a little over twenty years ago in 2001 to address the risk of losing cardholder data from eCommerce platforms.

article thumbnail

A Cyber Insurance Backstop

Schneier on Security

11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion. But to provide that kind of promise in advance, the government likely would have to pair it with some security requirements, such as implementing multifactor authentication, strong encryption, or intrusion detection systems.