Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017.

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IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

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Pen Test

OCTOBER 10, 2023

WannaCry and NotPetya ransomware worms, in 2017, illustrated how quickly ransomware could spread through networks and cause global disruption. 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.

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eSecurity Planet

APRIL 6, 2023

Notable Ransomware Attacks CryptoLocker ushered in the modern ransomware age in 2013, and in 2017, the devastating WannaCry and NotPetya ransomware attacks raised the threat’s profile significantly. Ransomware-proof backups: You can limit the damage caused by ransomware by maintaining an effective backup and disaster recovery plan.

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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. Ransomware Types. Version restores.

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Spinone

OCTOBER 13, 2020

As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. National Security Agency tool that was leaked by the hacker group “Shadow Brokers” in 2017. Backups aren’t working. Ransomware today can actually look for backup files along with user data.

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SC Magazine

FEBRUARY 25, 2021

In 2017, North Korea-linked hackers launched WannaCry, a fast-spreading wormable ransomware likely intended to generate revenue for a regime rocked by sanctions. “The drain on the economy is a national security issue, not just the threat to infrastructure,” said Dermody. We’re going to end up criminalizing being a victim.

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