eSecurity Planet
MAY 27, 2021
The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. AI, told eSecurity Planet.
SC Magazine
FEBRUARY 8, 2021
He referenced an insurer’s role in designing pressure relief valves for the steam engines powering Philadelphia in the 1800s: “They said if you wanted to have insurance, you have to have this piece of architecture on your system.” In so doing, “they drove security or solutions to avoid large insurance claims.”.
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Thales Cloud Protection & Licensing
JULY 21, 2022
However, this stance indicates a lack of understanding of the effects of all the parties involved, such as cyber insurance underwriters, incident response firms, government regulations, and ransomware attribution. For many organizations, paying the ransom can be less damaging than risking any additional impacts.
eSecurity Planet
JULY 8, 2022
There are hardware elements such as having a redundant data center, where the enterprise can fail over during an event. In the event of ransomware, the enterprise needs to have access to an uncorrupted copy of its data, so it can refuse to submit to cyber criminals’ demands. Also see the Best Business Continuity Solutions.
SecureWorld News
OCTOBER 19, 2023
Develop a cybersecurity incident response plan In the event of a cyberattack, organizations should have a plan in place to respond quickly and effectively. As cyber threats surge, the expenses associated with cyber insurance rise, adding to the financial strain. Many are facing multifaceted challenges. SIEM, SOAR)?
SC Magazine
FEBRUARY 25, 2021
Common ransomware protections could have partially mitigated either event. It’s a little blunt to be a solution,” said Mike McNerney, chief operating officer of Resilience, which provides cyber insurance, and a former policy adviser to the Department of Defense. We’re going to end up criminalizing being a victim.
eSecurity Planet
FEBRUARY 16, 2021
The next three actions: prioritize assets and evaluate traffic, microsegmentation, and adaptive monitoring are central steps of the zero trust architecture and greatly reduce your risks of an attack. In the event of a successful breach, your team must be ready to restore systems and data recovery. Rapid Response Testing.
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