eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected. Lessons Learned.

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Ransomware Cyber Insurance Backups Insurance 144

Duo's Security Blog

FEBRUARY 4, 2025

In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. CyberCube, a company specializing in quantifying cyber risk, estimates that the U.S. standalone cyber insurance market could reach $45 billion in premiums by 2034.

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Cyber Insurance Insurance Authentication Risk 64

Malwarebytes

NOVEMBER 1, 2021

Sadly, there’s rarely discussion about the lengthy recovery, which, according to the Ransomware Task Force, can last an average of 287 days , or about the complicated matter that the biggest, claimed defense to ransomware attacks—backups—often fail. Your backups may not work. Or so he thought. “We That part really, really hurt us.”.

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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 141

CyberSecurity Insiders

OCTOBER 20, 2021

The only saving grace was that the city had invested in both on-premise and cloud backups. On the business side, the plan should address elements such as having a communication plan for the CISO, CIO and company executives as well as a risk management component that includes cyber insurance. Backup Strategy. The Attack.

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Ransomware Backups Insurance Cyber Insurance 111

Webroot

SEPTEMBER 24, 2024

Having regular backups means you can recover without having to pay a ransom. For consumers: Keep personal backups of important files (photos, documents, etc.) Enable two-factor authentication (MFA) : For added protection, enable two-factor authentication on your accounts. on an external drive or in the cloud.

Cyber threats 116

Cyber threats Small Business Scams Cybercrime 116

Webroot

OCTOBER 14, 2022

As a result, many organizations are shifting away from cyber insurance and adopting layered defenses in an effort to achieve cyber resilience. Lock down Remote Desktop Protocols (RDP) Educate end users Install reputable cybersecurity software Set up a strong backup and disaster recovery plan. Strategies for individuals.

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Malware Antivirus DDOS Cyber Insurance 95

Cisco Security

JULY 11, 2022

Downtime varied from minimal disruption (thanks to frequent data backups) to months upon months of recovery time . Small to medium size businesses, hospitals, and educational institutions internal network will rely on cyber insurance in-lieu of a fully staffed, skilled cyber-security team. In 2021: . Twitter.

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Ransomware Education Cyber Insurance Insurance 144

Malwarebytes

NOVEMBER 15, 2023

Just days later, the account announced that it was “putting an end to” the group after learning that six of its affiliates may have been arrested. On the other hand, data from Malwarebytes indeed indicates that while the education sector comprises only 3% of all MOVEit hosts, they account for 6% of the victims.

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Ransomware Education Backups Cyber Insurance 117

Malwarebytes

JANUARY 15, 2023

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. Backups are the last line of defence against an attack that encrypts your data. These are all valuable components of a solid response strategy.

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Ransomware Backups Education Cyber Insurance 94

SecureWorld News

SEPTEMBER 14, 2021

Other children had been successfully signed up for an electric company account. They followed the FBI’s advice to not pay the hackers and restored their system from backups they had kept for such an emergency. One parent told ABC13 he received these kinds of messages and more. “I

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Cyber Insurance Ransomware Insurance Backups 98

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. Ransomware facts.

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Ransomware Backups Encryption Software 97

Digital Shadows

OCTOBER 14, 2024

Key Targeted Regions Figure 3: Number of organizations listed on data-leak sites by geography, Q3 2024 As expected, the US accounted for approximately 50% of ransomware victims posted to data-leak sites, while English-speaking countries made up around 70% of posts. However, some cyber insurance policies explicitly forbid ransom payments.

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Ransomware Social Engineering Insurance Cyber Insurance 94

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

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Cybersecurity Backups Cyber threats Antivirus 104

Malwarebytes

DECEMBER 20, 2022

If you’re caught out by Play ransomware, you’ll know quite quickly on account of your files suddenly displaying the.play extension and a ReadMe.txt file containing little more than the word “Play” and an email address. Even so, there are many options available to your organisation.

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Ransomware Backups Cyber Insurance Encryption 96

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Baltimore learned this the hard way. (An

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Government Cybersecurity Cyber Insurance Insurance 70

Malwarebytes

OCTOBER 19, 2022

In theory , putting those keys out of reach is easy: You just need all your users to choose strong, unique passwords for every account they use, all the time. The more administrator accounts you have, and the more frequently they are used, the easier it for criminals to hijack one. Make offsite, offline backups.

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Passwords Ransomware Backups Cyber Insurance 88

Digital Shadows

JANUARY 14, 2025

To gain access to internal networks, Akira targeted local accounts with disabled multifactor authentication (MFA) and SonicOS firmware versions vulnerable to exploitation, often exposed to the internet for virtual private network (VPN) access. In addition, aligning PowerShell policies with user roles further minimizes abuse.

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Ransomware Social Engineering Phishing Manufacturing 126

Webroot

SEPTEMBER 27, 2024

Having regular backups means you can recover without having to pay a ransom. For consumers: Keep personal backups of important files (photos, documents, etc.) Enable two-factor authentication (MFA) : For added protection, enable two-factor authentication on your accounts. on an external drive or in the cloud.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

Security Boulevard

JUNE 2, 2022

Ransomware attacks increased by 80% year-over-year, accounting for all ransomware payloads observed in 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. AvosLocker. BlackCat/ALPHV. Key Findings.

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Ransomware Architecture Manufacturing Encryption 104

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.

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Ransomware Insurance Cyber Insurance Risk 60

NetSpi Executives

APRIL 27, 2024

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. Some can’t afford not to pay, and some are covered by cyber insurance. Protect your backup systems. Does backup protect against ransomware?

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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.

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Ransomware Insurance Encryption Cyber Insurance 71

Centraleyes

JUNE 11, 2024

Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering. Prioritize using MFA for accounts with elevated privileges, remote access, and access to sensitive data or systems.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

Spinone

OCTOBER 13, 2020

As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. Restoring from backup is certainly preferable to paying the bad guys for the damage they have inflicted. Ransomware today can actually look for backup files along with user data.

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Ransomware Backups Data breaches Encryption 52

Digital Shadows

NOVEMBER 26, 2024

Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. Cloud services alerts increased by 20% due to rising cloud account usage, while malicious file alerts in phishing attacks remain high, exploiting users’ tendencies to open files.

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Cyber Attacks Phishing Ransomware Cyber Insurance 52

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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Cyber Insurance Insurance Government Cyber Risk 294

ForAllSecure

MAY 30, 2023

However, the rank and file of Conti were in Ukraine, had a different opinion, and decided to speak up against Conti in and in favor of Ukraine in a Twitter account named Conti Leaks. The account owner wrote: “My comments are coming from the bottom of my heart which is breaking over my dear Ukraine and my people. By no means.

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Ransomware Encryption Authentication Backups 40

Duo's Security Blog

JULY 6, 2021

The eight areas are: Application Control Patch Applications Configure Microsoft Office Macro Settings User Application Hardening Restrict Administrative Privileges Patch Operating Systems Multi Factor Authentication Daily Backups Each area comes with guidance to improve maturity of the area. Watch this space — there’s more to come!

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Government Backups Architecture Encryption 144

Krebs on Security

MARCH 4, 2022

. “Install EDR on every computer (for example, Sentinel, Cylance, CrowdStrike); set up more complex storage system; protect LSAS dump on all computers; have only 1 active accounts; install latest security updates; install firewall on all network.” The Trickbotleaks Twitter account was suspended less than 24 hours later.

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SecureWorld News

MAY 12, 2020

If the law firm had cyber insurance, the policy may cover part of a ransom payment. When Florida cities paid more than a million dollars to ransomware operators in 2019, insurance covered most of it. The company says we're not going to pay the ransom, or we've got the backups.

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Ransomware Insurance Backups Cyber Insurance 96