The State of Security

JUNE 13, 2022

Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense.

Ransomware 134

Ransomware Cyber Insurance Insurance Malware 134

Bleeping Computer

AUGUST 5, 2022

For the most part, it has been a quiet week on the ransomware front, with a few new reports, product developments, and attacks revealed. [.].

Cyber Insurance 94

Cyber Insurance Insurance Ransomware 94

CSO Magazine

MAY 15, 2023

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers. To read this article in full, please click here

Insurance 123

Insurance Cyber Insurance Ransomware Encryption 123

CyberSecurity Insiders

FEBRUARY 21, 2023

All these days we have read about ransomware spreading groups stealing data and then threatening to release it online, if the victim fails to pay heed to their demands. But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover.

Insurance 124

Insurance Ransomware Cyber Insurance Encryption 124

Webroot

JULY 25, 2022

The RSA Conference 2022 – one of the world’s premier IT security conferences – was held June 6th-9th in San Francisco. But attendees and presenters alike made up for it with their eagerness to explore emerging IT security trends that have developed over the past year – a venue like RSA Conference 2022 delivered on tenfold.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

CSO Magazine

NOVEMBER 17, 2022

It’s painfully obvious at this point that ransomware continues to grow in popularity. As Fortinet’s FortiGuard Labs team found, the number of new ransomware variants doubled in just the first half of 2022 compared to the previous six-month period. Cyber insurance can also be a double-edged sword.

Cyber Insurance 91

Cyber Insurance Ransomware Insurance Hacking 91

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. Supply chain attacks, ransomware-as-a-service ecosystems, and multi-extortion tactics have all increased the volume and success rates of attacks. PYSA/Mespinoza.

Ransomware 105

Ransomware Architecture Manufacturing Encryption 105

eSecurity Planet

JULY 12, 2022

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

Ransomware 137

Ransomware Cyber Insurance Backups Insurance 137

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. M-Trends 2022 report not only disclosed what threat actors are doing, but has also offered ways to mitigate risks.

Ransomware 120

Ransomware Cyber Insurance Insurance Cryptocurrency 120

Malwarebytes

NOVEMBER 15, 2023

This article is based on research by Marcelo Rivero, Malwarebytes’ ransomware specialist, who monitors information published by ransomware gangs on their Dark Web sites. This provides the best overall picture of ransomware activity, but the true number of attacks is far higher.

Ransomware 90

Ransomware Education Backups Cyber Insurance 90

Webroot

OCTOBER 14, 2022

In other words, 2022 has been an eventful year in the threat landscape, with malware continuing to take center stage. The 6 Nastiest Malware of 2022. 2022 was no different. 2022 was no different. With that, here are the 6 Nastiest Malware of 2022. Here are this year’s wicked winners.

Malware 61

Malware Antivirus DDOS Cyber Insurance 61

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 billion in 2022, according to research by Fortune Business Insights , and is expected to grow from $16.66

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time.

Insurance 80

Insurance Ransomware Cyber Insurance Malware 80

Security Boulevard

JUNE 12, 2022

Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense.

Ransomware 52

Ransomware Cyber Insurance Insurance Malware 52

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. Disaster Recovery and Ransomware. In the event of ransomware, the enterprise needs to have access to an uncorrupted copy of its data, so it can refuse to submit to cyber criminals’ demands.

Backups 128

Backups Ransomware Technology Marketing 128

Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

CyberSecurity Insiders

JANUARY 6, 2023

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. By the time they adjust their processes, beef up their defenses, and add new layers of security, they find themselves battling more virulent ransomware strains and cyber-scams. Insurance Refusals and Rate Hikes.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

Thales Cloud Protection & Licensing

MAY 9, 2022

Mon, 05/09/2022 - 05:40. 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.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

SecureWorld News

MARCH 28, 2024

Department of Homeland Security (DHS) is set to implement long-awaited rules that will require critical infrastructure entities across multiple sectors to report cyber incidents and ransomware payments to the federal government.

Cyber Insurance 93

Cyber Insurance Government Insurance Cyber Risk 93

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

CyberSecurity Insiders

MAY 1, 2023

Surprisingly, the analysis conducted by American law firm BakerHostetler found that victims who made ransomware payments increased in the year 2022 compared to 2021. By the way, data spills occurring from state-funded hacks are no longer covered under cyber insurance.

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

Security Affairs

DECEMBER 28, 2022

On May 2021, Ireland’s Health Service Executive service shut down its IT systems after they were hit with a “significant ransomware attack.”. With the increase in the number of cyber attacks, a growing number of organizations opted to transfer the cyber risk by underwriting cyber insurance.

Cyber Attacks 89

Cyber Attacks Cyber Insurance Insurance Cyber Risk 89

Cisco Security

JANUARY 10, 2023

As the majority of the global Covid fog finally started lifting in 2022, other events – and their associated risks – started to fill the headspace of C-level execs the world over. Using this information, last year I wrote a blog summing up the nine top of mind issues I believed will most impact CISOs as we headed into 2022.

CISO 138

CISO Insurance Cyber Insurance Phishing 138

Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. One of the primary schools highlighted, Pates Grammar School, was affected on or around the September 28, 2022. Avoiding the breach. Our advice is to never pay.

Ransomware 73

Ransomware Backups Education VPN 73

SecureList

NOVEMBER 9, 2022

As for KSB 2022, we invited notable experts to share their insights and unbiased opinions on what we should expect from cybersecurity in the following year. 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.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

CyberSecurity Insiders

OCTOBER 24, 2022

Here are a few prime examples of cyber-attacks in the education sector. From December 2021 through January the following year, Bernalillo County was slammed by a ransomware attack that targeted government services. Freshly on the heels of this cyber security nightmare, the Albuquerque school system was breached. Cyber insurance.

Education 58

Education Cyber Attacks Cyber Insurance Insurance 58

Webroot

SEPTEMBER 7, 2023

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. In 2022, American businesses lost $10.3 In 2022, American businesses lost $10.3 The best way to weather these challenges is to become a cyber resilient business.

Encryption 88

Encryption Cyber Insurance Cybercrime Phishing 88

Security Boulevard

MAY 12, 2022

2022 — Could We Still Save Jack Bauer Today? Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. What Is Not Covered Under Cyber Insurance? This was in 2005!

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Security Affairs

APRIL 24, 2022

Please vote for Security Affairs as the best European Cybersecurity Blogger Awards 2022 – VOTE FOR YOUR WINNERS Vote for me in the sections “The Underdogs – Best Personal (non-commercial) Security Blog” and “The Tech Whizz – Best Technical Blog” and others of your choice. Patch them now!

Cyber Insurance 75

Cyber Insurance Spyware Firmware Insurance 75

Webroot

JUNE 2, 2022

The cyber threat landscape keeps evolving at lightning-speed. According to the latest 2022 BrightCloud® Threat Report , small to medium-sized businesses (SMBs) are particularly vulnerable to becoming a victim of a ransomware attack. Ransomware, malware and phishing threats keep evolving.

Threat Detection 101

Threat Detection Cyber Insurance Small Business Insurance 101

SecureWorld News

DECEMBER 7, 2022

From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity. November 30, 2022. As cyber professionals continue to adopt the technology, so will malicious threat actors. It nails it perfectly.

Cybersecurity 92

Cybersecurity Cyber Insurance Insurance Social Engineering 92

CyberSecurity Insiders

JANUARY 10, 2023

Ransomware groups are here to stay, and AD is a huge attack vector they are exploiting in order to move laterally. We have seen publicly exploited vulnerabilities like ProxyNotShell during 2022, and will continue to do so in 2023. The post XM Cyber’s Cybersecurity Predictions for 2023 appeared first on Cybersecurity Insiders.

Cybersecurity 108

Cybersecurity Identity Theft Digital transformation Cyber Insurance 108

SecureWorld News

DECEMBER 29, 2022

Here's a compilation of a dozen solid trend pieces looking back at the year that was 2022 and the year ahead in 2023. Top 10 Challenges Facing CISOs in 2023 – "While 2022 was certainly no walk in the park, strong cybersecurity investments and institutional support suggest a light at the end of the tunnel.

Cybersecurity 74

Cybersecurity CISO Artificial Intelligence Digital transformation 74

Thales Cloud Protection & Licensing

JULY 21, 2022

The Ongoing Cyber Threat to Critical Infrastructure. Thu, 07/21/2022 - 12:28. With that in mind, Thales has launched the 2022 Thales Data Threat Report Critical Infrastructure Edition, which includes responses from 300 security leaders and practitioners within critical infrastructure organizations. The Threat of Ransomware.

Cyber threats 71

Cyber threats Energy and Utilities Ransomware IoT 71

Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

Cyber Insurance 83

Cyber Insurance Insurance Data breaches Phishing 83

Centraleyes

APRIL 9, 2024

Insurance Woes While grappling with the aftermath of breaches, organizations face an unexpected challenge – soaring cyber insurance premiums. Ransomware Realities In a concerning trend, evidence suggests that companies are increasingly open to paying ransoms as part of their breach response strategy. or USD 470,000.

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

Malwarebytes

FEBRUARY 3, 2023

As the reports covering all of 2022 start trickling in, we can see that cybercrime and other types of fraud had a major impact last year. Take for example the 2022 half year fraud update by UK Finance, which tells us that criminals stole a total of £609.8

Scams 78

Scams Banking Cyber Insurance Phishing 78