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.

Cyber Insurance 113

Cyber Insurance Insurance Marketing Cyber Risk 113

eSecurity Planet

OCTOBER 18, 2021

The legal complaint [PDF] notes that on July 9, 2019, the day it was hit by a ransomware attack, Springhill Memorial Hospital contended that the event had “not affected patient care.” ” Cyber Insurance No Longer Reliable. Also read: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs. .

Ransomware 104

Ransomware Cyber Insurance Insurance Digital transformation 104

Malwarebytes

NOVEMBER 15, 2023

RagnarLocker started in 2019 and was responsible for numerous high-profile attacks against municipalities and critical infrastructure across the world. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. Don’t get attacked twice.

Ransomware 96

Ransomware Education Backups Cyber Insurance 96

Cytelligence

JANUARY 27, 2020

Damages from ransomware in 2019 rose to over $11.5 Effectiveness of data backup strategies. Ransomware in 2019 . The number of ransomware attacks increased in 2019 — but worse, 22 of those cyberattacks shut down a city, county and even state government computer systems. with several attacks in 2019.

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

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.

Ransomware 145

Ransomware Encryption Insurance Backups 145

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. Recent attacks. Version restores.

Ransomware 97

Ransomware Backups Software Encryption 97

Security Boulevard

JUNE 23, 2022

The World Economic Forum’s Global Risks Report has consistently ranked cyber attacks among the top seven risks facing the planet in terms of likelihood and impact, while high-profile CEOs including Warren Buffett of Berkshire Hathaway and Jamie Dimon of JPMorgan Chase see them as the number-one threat to business. no data, no equipment?—?and

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52