Malwarebytes

JANUARY 15, 2023

As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law. Ensure your RDP points are locked down with a good password and multi-factor authentication. Backup your data. Make an emergency plan sooner, rather than later.

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SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

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eSecurity Planet

APRIL 6, 2023

Multifactor authentication (MFA) can protect critical applications and devices, as can zero trust security principles. Ransomware-proof backups: You can limit the damage caused by ransomware by maintaining an effective backup and disaster recovery plan. But make sure you manage the encryption keys well.

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Ransomware Backups Encryption Cybersecurity 98

Digital Shadows

JANUARY 14, 2025

To gain access to internal networks, Akira targeted local accounts with disabled multifactor authentication (MFA) and SonicOS firmware versions vulnerable to exploitation, often exposed to the internet for virtual private network (VPN) access.

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Malwarebytes

SEPTEMBER 30, 2022

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. Baltimore learned this the hard way. (An

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Centraleyes

JUNE 11, 2024

Additionally, ensure that updates are authentic and delivered over secure channels to maintain the integrity of software installations. Maintain a list of trusted certificates to validate the authenticity of executable files and scripts. Time is of the essence when it comes to patch management.

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Malwarebytes

OCTOBER 19, 2022

Use multi-factor authentication. That’s where multi-factor authentication (MFA) comes in. Make offsite, offline backups. To make this possible you’ll need comprehensive, recently tested, backups that are both offline and offsite, beyond the reach of your attackers. Can your EDR handle a ransomware attack?

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Malwarebytes

JULY 27, 2022

How do you restore from backups , and what backups are most important to restore from first? Do you have resources that can help you , such as law enforcement agencies or a cyber insurance firm? What data is most vulnerable , and how can you protect that data? What systems need to be recovered first ?

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Ransomware Backups Penetration Testing Cyber Insurance 86

Digital Shadows

OCTOBER 14, 2024

English-speaking countries, particularly the US, UK, Canada, and Australia, have well-developed insurance markets and higher cybersecurity awareness, resulting in higher ransomware insurance adoption. However, some cyber insurance policies explicitly forbid ransom payments.

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Webroot

SEPTEMBER 27, 2024

Having regular backups means you can recover without having to pay a ransom. For consumers: Keep personal backups of important files (photos, documents, etc.) Enable two-factor authentication (MFA) : For added protection, enable two-factor authentication on your accounts. on an external drive or in the cloud.

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Cyber threats Small Business Scams Cybercrime 59

NetSpi Executives

APRIL 27, 2024

Logins without multi-factor authentication. Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Some can’t afford not to pay, and some are covered by cyber insurance. Enable multi-factor authentication. Protect your backup systems.

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Ransomware Cyber Insurance Backups Insurance 52

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This includes maintaining rigorous backup policies, enhancing endpoint visibility, and ensuring all software is up to date.

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Cyber Attacks Phishing Ransomware Cyber Insurance 59

Security Boulevard

JUNE 26, 2022

That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. Number of consumers requiring multi-factor authentication for Zero-trust access. Number of endpoints that require backup for compliance. million , a 12 percent increase from the cost of violations from the previous year.

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Security Boulevard

JUNE 2, 2022

Prepare for the worst with cyber insurance, a data backup plan, and a response plan as part of your overall business continuity and disaster recovery program. Apply software security patches and conduct regular security awareness employee training to reduce vulnerabilities that can be exploited by cybercriminals.

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Spinone

OCTOBER 13, 2020

As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. Restoring from backup is certainly preferable to paying the bad guys for the damage they have inflicted. Ransomware today can actually look for backup files along with user data.

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SC Magazine

JUNE 14, 2021

Credential monitoring, password policy, [multi-factor authentication], are preventable problems. Sometimes they have the cyber insurance policy. It actually almost matches up with maybe 70% or 80% of the clients that we’re supporting, who had almost identical attacks with an old credential, with a weak password on a VPN.

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Ransomware Passwords VPN Cyber Insurance 85

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

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Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This includes maintaining rigorous backup policies, enhancing endpoint visibility, and ensuring all software is up to date.

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Cyber Attacks Phishing Ransomware Cyber Insurance 52

eSecurity Planet

OCTOBER 5, 2021

An organization must: Prepare a good backup policy and procedure. We should use multi-factor authentication. We also need to periodically check that the policy is up to date with the latest insurance providers, incident response vendors, attorneys, and executives’ contact information. Simple Ransomware Recovery.

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Thales Cloud Protection & Licensing

MAY 9, 2022

While implementation of security technologies such as multi-factor authentication and encryption have slightly increased, we have not yet reached the level where the majority of applications, data and operational technology are fully protected. Cyber insurance coverage ramps up. Governments step up to protect all businesses.

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SC Magazine

FEBRUARY 24, 2021

But the season-four episode “Decrypt” did capture many of the key elements that play into an attack scenario, including incident response, the role of cyber insurance agencies, and the ethics of paying. SC Media asked two cyber experts with health care experience for their own take on which parts of the episode – written by Thomas L.

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Schneier on Security

FEBRUARY 28, 2024

One possible solution, touted by former Department of Homeland Security Secretary Michael Chertoff on a recent podcast , would be for the federal government to step in and help pay for these sorts of attacks by providing a cyber insurance backstop. But this is easier said than done.

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Cisco Security

MARCH 22, 2022

But according to Anne Neuberger, the White House’s Deputy National Security Adviser for Cyber and Emerging Technology, this warning is “based on evolving threat intelligence, that the Russian government is exploring options for potential cyberattacks on critical infrastructure in the United States.”. Backup all critical data at least daily.

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SC Magazine

MAY 13, 2021

Implement strong authentication for all OT users. Implement strong multifactor authentication to ensure that users are who they say they are and establish least privilege’ access for users. Are the backup and restore capabilities in place? Does the company have cyber insurance in place to pay a ransom?

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ForAllSecure

MAY 30, 2023

Obviously, organizations gotten smart to that and they started doing offline backups securing their backups differently, so that they would continue to have access and availability. VAMOSI: So right there, this seems like some kind of authentication bypass. LANCE : So typically, it would go request an authentication code.

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Duo's Security Blog

JULY 6, 2021

The eight areas are: Application Control Patch Applications Configure Microsoft Office Macro Settings User Application Hardening Restrict Administrative Privileges Patch Operating Systems Multi Factor Authentication Daily Backups Each area comes with guidance to improve maturity of the area. Watch this space — there’s more to come!

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SecureWorld News

MARCH 5, 2025

The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " The biggest danger is making rushed choices.

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Cyber Risk Risk Small Business Cyber Insurance 122

SecureWorld News

MAY 12, 2020

If the law firm had cyber insurance, the policy may cover part of a ransom payment. When Florida cities paid more than a million dollars to ransomware operators in 2019, insurance covered most of it. The company says we're not going to pay the ransom, or we've got the backups.

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