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HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost

Security Affairs

For those who have cyber insurance against ransomware attacks. Insurance companies require you to keep your insurance information secret, this is to never pay the maximum amount specified in the contract or to pay nothing at all, disrupting negotiations. Very important! reads the ransom note.

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Conti Ransomware Group Diaries, Part III: Weaponry

Krebs on Security

The leaked chats show that the Conti group — which fluctuated in size from 65 to more than 100 employees — budgeted several thousand dollars each month to pay for a slew of security and antivirus tools. For now, take a look at the documents and see if there is insurance and bank statements.”

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Cyber Defense Magazine: Exclusive Interview with Robert Herjavec

Herjavec Group

Enter a world where Cybercrime is now bigger than Drug Crime, globally costing Trillions in damages with new threat actors, new forms of malware, cybercriminals, hackers, cyberespionage by nation states and too many exploitable vulnerabilities to count. He and his tiny team of 3 people, began the world’s first MSSP.

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How Not to Pay the Ransom? No Soup For You, Ransomware!

Thales Cloud Protection & Licensing

Intergovernmental organizations, national police departments, and antivirus vendors do their best to have the information corrupted by encryption malware available to its legitimate holders. Successful attacks against high-profile organizations propel this cybercrime model the most. They do it free of charge.

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Ransomware Protection in 2021

eSecurity Planet

This is especially true for your existing intrusion detection and prevention system (IDPS), antivirus, and anti-malware. The Ryuk ransomware family spawned in 2018 from a sophisticated Russia-based cybercrime group. Bitdefender : Bitdefender Antivirus Plus. Update Anti-Ransomware Software. Offline Backups. Description.

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Report: Ransomware Attacks and the True Cost to Business

Security Boulevard

Ransomware attacks have continued to make headlines, and for good reason: on average, there is a new ransomware attack every 11 seconds, and the losses to organizations from ransomware attacks is projected to reach $20 billion over the course of 2021 following a record increase in losses of more than 225% in 2020.

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Ransomware Prevention Guide for Enterprise

Spinone

It has been noted that paying a ransom demand only encourages this type of cybercrime and funds it. In fact, one report shows that business email compromises are 23% of cyber insurance claims. Endpoint security includes antivirus, anti-malware, and anti-ransomware solutions that scan and protect your end-user clients.