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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

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.

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

Table of Contents What is ransomware? Ransomware trends Ransomware prevention Ransomware detection Ransomware simulation Ransomware security terms How NetSPI can help What is ransomware? Ransomware adversaries hold the data hostage until a victim pays the ransom.

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The 2022 ThreatLabz State of Ransomware Report

Security Boulevard

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.

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Security Standoff: IT Department vs. City Councilman

SecureWorld News

It's hard to believe, but security awareness training is now being viewed through a political lens, as well. A reminder would be sent out after four weeks, a warning after five weeks, and a suspension of all email accounts after eight weeks. Surprising backdrop for refusing security awareness training.

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Local government cybersecurity: 5 best practices

Malwarebytes

Build a playbook for ransomware response and recovery. 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. Build a playbook for ransomware response and recovery. Partner up!

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Cybersecurity in 2020

Cytelligence

More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government. The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities.