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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. This rapid ascent begs the question: what's driving the price hike, and are businesses fully prepared for the escalating cost of cyber defense?

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One Year Later: What Have We Learned Since the Colonial Pipeline Attack

Thales Cloud Protection & Licensing

It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. This attack was one of the biggest ransomware ones to date. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. Mon, 05/09/2022 - 05:40.

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The 2022 ThreatLabz State of Ransomware Report

Security Boulevard

Ransomware attacks increased by yet another 80% between February 2021 and March 2022, based on an analysis of ransomware payloads seen across the Zscaler cloud. Double-extortion attacks, which include data exfiltration in addition to encryption, are rising even faster at 117% year-over-year. PYSA/Mespinoza. REvil/Sodinokibi.

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Multiple schools hit by Vice Society ransomware attack

Malwarebytes

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment.

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Best Disaster Recovery Solutions for 2022

eSecurity Planet

Ransomware has now emerged as one of the key reasons to have a DR plan and DR technology in place. Disaster Recovery and Ransomware. 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.

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Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

Remember, sometimes a little common sense goes a lot further than the fanciest encryption out there. Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release. The key here is implementing smart, affordable cybersecurity strategies that work best for nonprofits.

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Local government cybersecurity: 5 best practices

Malwarebytes

Build a playbook for ransomware response and recovery. 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. Data encryption for data at rest and in transit. Table of Contents.