SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.

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Insurance Cyber Insurance Ransomware InfoSec 113

NetSpi Executives

APRIL 27, 2024

Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Instead, if you can detect one or more malicious events present in most kill chains before the attackers meet their objective, then you can prevent ransomware attacks. Attempt access to file and SQL servers with privileged accounts.

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Ransomware Cyber Insurance Backups Insurance 52

Adam Levin

JULY 8, 2020

All of these can be extinction-level events. A recent domain hijack of Japanese cryptocurrency exchange Coincheck.com was used to spoof the company in a spear-phishing campaign. Hackers posing as Coincheck.com employees contacted the company’s customers and requested their account credentials.

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Webroot

OCTOBER 14, 2022

In other words, 2022 has been an eventful year in the threat landscape, with malware continuing to take center stage. 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.

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Cytelligence

JANUARY 14, 2020

This malware can steal payment data, credentials and funds from victims’ bank accounts, and new versions are available for widespread distribution by anyone that’s willing to pay the malware’s developers. This will, in turn, will lead to more attacks, and fast growth for the cyber insurance industry. Eradication.

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Cybersecurity Cyber Insurance Insurance Ransomware 65

Thales Cloud Protection & Licensing

AUGUST 11, 2021

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. The FBI Cyber Division strongly recommends making no contributions to the malefactors. Ransomware incidents covered by cyber insurance policies. Although the U.S.

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Ransomware Insurance Encryption Cyber Insurance 71

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. In the event of a successful breach, your team must be ready to restore systems and data recovery. Attackers will inform the victim that their data is encrypted. Rapid Response Testing.

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Ransomware Backups Software Encryption 97