Schneier on Security

FEBRUARY 28, 2024

One possible solution, touted by former Department of Homeland Security Secretary Michael Chertoff on a recent podcast , would be for the federal government to step in and help pay for these sorts of attacks by providing a cyber insurance backstop.

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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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eSecurity Planet

JULY 8, 2022

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. This type of backup and DR technology offers RPOs measured in hours. See the Best Backup Solutions for Ransomware Protection.

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Backups Ransomware Technology Marketing 142

Thales Cloud Protection & Licensing

MAY 9, 2022

Mon, 05/09/2022 - 05:40. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. However, even after the Colonial Pipeline attack, less than half of businesses (48%) have a formal ransomware plan according to the 2022 Thales Data Threat Report. east coast.

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Cyber Insurance Insurance Backups Ransomware 71

Security Boulevard

JUNE 2, 2022

Ransomware attacks increased by yet another 80% between February 2021 and March 2022, based on an analysis of ransomware payloads seen across the Zscaler cloud. Prepare for the worst with cyber insurance, a data backup plan, and a response plan as part of your overall business continuity and disaster recovery program.

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eSecurity Planet

APRIL 6, 2023

In late 2022, Rackspace became a ransomware victim in one of the biggest cyberattacks ever suffered by a major cloud services vendor. LockBit uses a double extortion method and was responsible for roughly 40% of ransomware attacks in the first few months of 2022. Conti uses a double extortion method and a multithreading system.

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Ransomware Backups Encryption Cybersecurity 98

Malwarebytes

JANUARY 15, 2023

One of the primary schools highlighted, Pates Grammar School, was affected on or around the September 28, 2022. As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law. Backup your data.

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