CyberSecurity Insiders

APRIL 19, 2022

A study conducted by Cybersecurity Firm Mandiant confirms that ransomware actors are increasingly targeting virtualization platforms to extort ransom in large amounts. The year 2021 witnessed an increase in ransomware attacks on Corporate IT environments.

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CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

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CyberSecurity Insiders

DECEMBER 9, 2021

In a recent study made by Gartner, Lloyd’s emerged as a top company that increased its coverage premiums by 50% in 2021, all because of a global impact of ransomware attacks on corporate and government networks. And the new rule applies to all companies operating in France, Japan, Russia, China, United States and United Kingdom.

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CyberSecurity Insiders

MAY 1, 2023

Almost all of those who suffered consequences related to a data spill are likely, or have already, filed a lawsuit against their technology partners. Surprisingly, the analysis conducted by American law firm BakerHostetler found that victims who made ransomware payments increased in the year 2022 compared to 2021.

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CyberSecurity Insiders

OCTOBER 26, 2022

The impact of ransomware attacks on businesses is twofold. While many equate ransomware with encrypted files and potential ransom payments, the consequences go even further in terms of the costs and requirements of an organization. The Dangers of Ransomware Attacks. By Rajesh Ram, Chief Strategy Officer at Egnyte.

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Security Boulevard

NOVEMBER 24, 2023

Recently, attackers expanded their repertoire to include ransomware-style attacks that increased the insurable losses ever higher. Trying to predict the cornerstone metrics for actuary modelers — the Annual Loss Expectancy and Annual Rate of Occurrence — with a high degree of accuracy is beyond the current capabilities of insurers.

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CyberSecurity Insiders

OCTOBER 20, 2021

Okumu lived through the ransomware attack on the City of Baltimore in 2018, which affected 90% of the municipality’s applications. As the then-director of IT infrastructure for the city, he learned a lot of valuable lessons about defending against and recovering from a ransomware attack. It had started sometime between 4 a.m.

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Thales Cloud Protection & Licensing

MAY 9, 2022

It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. This attack was one of the biggest ransomware ones to date. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. Mon, 05/09/2022 - 05:40.

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Duo's Security Blog

DECEMBER 7, 2022

The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. One of the key areas he zoomed was why organizations should be doubling down on protecting themselves from ransomware attacks. What are you doing about backups?

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SecureList

NOVEMBER 9, 2022

Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns. Businesses will still be mostly concerned with ransomware. will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable.

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CyberSecurity Insiders

APRIL 19, 2021

Hiscox Cyber Readiness Report 2021 states that most of the German firms are vulnerable to cyber attacks and are topping the list of the study group with a loss tally of $48 million. Researchers who conducted the survey concluded after gauging six key cyber security areas related to people, technology and processes.

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eSecurity Planet

JULY 8, 2022

Ransomware has now emerged as one of the key reasons to have a DR plan and DR technology in place. But it also requires software to orchestrate data movement, backup and restore technology to ensure a current copy of data is available, and the ability to recover systems and data rapidly. Disaster Recovery and Ransomware.

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Thales Cloud Protection & Licensing

JULY 21, 2022

From the ransomware attack that compromised a major U.S. gas pipeline in 2021 to the rise of nation-state attacks, critical infrastructure organizations are under siege. Reducing the risk of attacks such as ransomware and malware on CNI will be of paramount importance to the stability of nation states for years to come.

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SecureWorld News

OCTOBER 20, 2021

This includes the 2021 annual report at Accenture. Especially because Accenture was hit with ransomware this year. On page 34 of the report, Accenture dives into the risk that cyber poses to the business. Here is the entire section on cyber risk from Accenture's report. We tried breaking this into bite-sized chunks.

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SecureWorld News

SEPTEMBER 14, 2021

Bad actors are always looking for ways to garner information and they have access to advanced technology. The school district’s cyber insurance provided free credit monitoring, but many parents were still puzzled by how to report the problem and what steps they should take next to protect their children.

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CyberSecurity Insiders

JANUARY 24, 2022

CINCINNATI–( BUSINESS WIRE )–Great American Insurance Group recently launched EagleEye? According to Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. We jumped at the opportunity to build a compelling solution for insureds.

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Duo's Security Blog

JUNE 9, 2022

Hard market woes Unsurprisingly, insurance has become a ‘hard market’ over the past three or four years, meaning that premiums have increased (by 96% in Q3 2021 in the US as reported by the World Economic Forum ) while capacity has decreased across the board. So how do insurers get hold of that kind of insight?

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eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other.

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Pen Test

OCTOBER 10, 2023

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

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Malwarebytes

SEPTEMBER 14, 2022

In fact, there were 50% more attack attempts per week on corporate networks globally in 2021 than in 2020. This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. DNS filtering.

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Security Boulevard

FEBRUARY 8, 2023

Click here to watch the roundtable and learn about the future of cyber insurance from leading experts. In partnership with Cysurance, BlastWave hosted a roundtable entitled “The Future of Cyber Insurance and MSP Insurability. The expert panelists held an honest discussion about insurability difficulties for MSPs.

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Duo's Security Blog

JULY 11, 2022

The Executive Order 14028 instructs federal agencies to modernize technology, adopt a zero trust security philosophy, and improve public/private partnerships. Furthermore, the top combination of “use of stolen credentials” and “ransomware” is a problem getting the attention of boards and leadership.

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eSecurity Planet

JANUARY 11, 2022

Investors recognize the potential too, as funding for cybersecurity ventures more than doubled from previous years to almost $22 billion in 2021. Read more: And the Winner of the 2021 RSAC Innovation Contest is…. was recently named a Leader in the Forrester Wave’s Privacy Management Software, Q4, 2021. BluBracket.

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eSecurity Planet

APRIL 26, 2022

billion in 2021, and growing concerns over data security , software supply chains , and ransomware suggest the market will remain strong through economic ups and downs. As a leading VC, BVP offers budding companies plenty to consider, with a set of roadmaps and tools for today’s technologies and market complexities.

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eSecurity Planet

JUNE 1, 2021

The goal is to exploit trusted technology partners –SolarWinds, by leveraging software updates; USAID, through the email marketing service – to gain access to large numbers of victim organizations and steal data. . ” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs.

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Krebs on Security

MARCH 2, 2023

” Brian Fox , chief technology officer and founder of the software supply chain security firm Sonatype , called the software liability push a landmark moment for the industry. cyber interests. cyber interests. “Adversaries know the NSA, which is the elite portion of the nation’s cyber defense, cannot monitor U.S.

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