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Trends of cyberinsurance claims for 2020. Coalition, a cyberinsurance company, recently released a report detailing the categories of cyberattacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.
The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. Using the MITRE ATT&CK framework, we’ll provide a comprehensive overview of the key cyberthreats you need to know about to keep your environment protected.
1 – Attacker tradecraft centers on identity and MFA. It wasn’t just the recent Uber attack in which the victim’s Multi-Factor Authentication (MFA) was compromised; at the core of the vast majority of cyber incidents is the theft and abuse of legitimate credentials. 3 – Crypto-jacking neglect gets dangerous.
Nonprofits often juggle tight budgets and unique operational demands, making it even more difficult to keep sensitive information safe—but here's the thing: you don't need a fortune to build a strong defense against the possible cyberthreats out there.
The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. Using the MITRE ATT&CK framework, we’ll provide a comprehensive overview of the key cyberthreats you need to know about to keep your environment protected.
Use multi-factor authentication. That’s where multi-factor authentication (MFA) comes in. To make this possible you’ll need comprehensive, recently tested, backups that are both offline and offsite, beyond the reach of your attackers. A muli-layered approach to cyberattack prevention. More resources.
Threat actors are notorious for exploiting vulnerabilities immediately after a patch release. 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.
Lapsus$ was responsible for a destructive run of cyberattacks in early 2022, hitting some high-profile tech companies. Conti Around 20% of attacks in early 2022 were from Conti, the group behind the 2021 Irish health services attack. The first ransomware attack took place in 1989.
Multi-factor Authentication (MFA) and External Access Controls To reduce the risk of unauthorized access to sensitive data, hospitals must implement multi-factor authentication (MFA) for external access to their internal networks. What Are the Implications for CyberInsurance?
Cyberinsurers 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.
Cybersecurity can often feel like a game of cat and mouse where cyberattackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyberthreats continues to surge leaving no room for complacency.
“From there, the actor was able to distribute phishing emails that looked authentic but included a link that, when clicked, inserted a malicious file used to distribute a backdoor we call NativeZone,” Tom Burt, corporate vice president of customer security and trust at Microsoft, wrote in a blog post late last week.
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