SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Photo by Spencer Platt/Getty Images). But recent research shows that’s not happening.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

Webroot

OCTOBER 14, 2022

Since the mainstreaming of ransomware payloads and the adoption of cryptocurrencies that facilitate untraceable payments, malicious actors have been innovating new methods and tactics to evade the latest defenses. In other words, 2022 has been an eventful year in the threat landscape, with malware continuing to take center stage.

Malware 61

Malware Antivirus DDOS Cyber Insurance 61

eSecurity Planet

FEBRUARY 16, 2021

For access to the decryption key, the victim must make prompt payment, often in cryptocurrency shielding the attacker’s identity. Offline Backups. While virtual backups are great, if you’re not storing data backups offline, you’re at risk of losing that data. Also Read: Best Encryption Tools & Software for 2021.

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Ransomware Backups Software Encryption 97

SC Magazine

JUNE 15, 2021

But that does not account for direct and indirect losses tied to downtime, disruption of supply chains, or the inability to deliver product to customers. And while insurance, and even law enforcement in the case of JBS, can recover some losses, investor concern about hits to the bottom line and reputational damage can be lasting. .

Ransomware 60

Ransomware Insurance Cyber Insurance Risk 60

NetSpi Executives

APRIL 27, 2024

Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Attempt access to file and SQL servers with privileged accounts. Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Protect your backup systems.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

Thales Cloud Protection & Licensing

AUGUST 11, 2021

Even the most critical damages caused by ransomware are repairable as long as you have a solid backup strategy. Subject to the malware class and timeframes for decryption set by the attackers, too many victims end up transferring funds to the hacker’s accounts. Ransomware incidents covered by cyber insurance policies.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

Spinone

OCTOBER 13, 2020

Ransom payments are generally demanded in the form of untraceable cryptocurrency such as Bitcoin. As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. Ransomware today can actually look for backup files along with user data.

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Ransomware Backups Data breaches Encryption 52