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Giant health insurer struck by ransomware didn't have antivirus protection

Malwarebytes

The Philippine Health Insurance Corporation (PhilHealth), has confirmed that it was unprotected by antivirus software when it was attacked by the Medusa ransomware group in September. EDR can detect an intruder's suspicious activity in advance of them running ransomware, as well as being able to identify the ransomware itself.

Antivirus 101
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Does Antivirus Protect Against Ransomware?

Spinone

Installing antivirus software (or AV) is often considered an important ransomware protection measure. It’s better to buy a subscription to antivirus software than to pay, on average, $36,295 to hackers or face significant financial and reputational damages. Antivirus users often experience ransomware attacks.

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Ransomware realities in 2023: one employee mistake can cost a company millions

Security Affairs

What is the impact of ransomware on organizations? Based on Ransomlooker, a free Cybernews tool for monitoring the dark web and other hidden areas of the internet, 64% of organizations have already suffered from a ransomware attack. One employee’s mistake can cost a company millions of dollars.

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Threat Group Continuously Updates Malware to Evade Antivirus Software

eSecurity Planet

However, the same also goes for antivirus software and other anti-malware solutions. Also read: Ransomware Group Uses Vulnerability to Bypass EDR Products. As long as you need employees, you will get spear-phishing campaigns and other social engineering attacks. Defense in Depth. See the Best EDR Solutions.

Antivirus 114
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The Top 4 Ransomware Vulnerabilities Putting your Company in Danger

CyberSecurity Insiders

By Aaron Sandeen, CEO and co-founder at Securin In 2023, you can divide organizations into two categories: those who have been hit by a ransomware attack and those who will be soon. Ransomware is ubiquitous, inescapable, and—despite widespread efforts to combat it—ever-escalating. Ransomware doesn’t discriminate.

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Ransomware news headlines trending on Google

CyberSecurity Insiders

North Korea’s Lazarus Group has reportedly designed new ransomware that is being targeted at M1 processors popularly running on Macs and Intel systems. And security researchers from ESET have discovered that the malware was uploaded to the VirusTotal operated system in Brazil and was targeted by a social engineering attack.

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Cost-Effective Steps the Healthcare Industry Can Take To Mitigate Damaging Ransomware Attacks

CyberSecurity Insiders

Both large and small healthcare providers continue to be a tantalizing target for repeated ransomware attacks due to limited security budgets that lead to an overall weakened cyber defense system. Not only can these mistakes cost millions in lost revenue and ransomware payments, it can wreak havoc on operational systems.