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Scant evidence that cyber insurance boom is leading to better security

SC Magazine

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Photo by Spencer Platt/Getty Images). But recent research shows that’s not happening.

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HardBit ransomware tailors ransom to fit your cyber insurance payout

Malwarebytes

Ransomware authors are wading into the cybersecurity insurance debate in a somewhat peculiar way. Specifically: urging victims to disclose details of their insurance contract , in order to tailor a ransom which will be beneficial to the company under attack. Create offsite, offline backups.

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Discover 2022’s Nastiest Malware

Webroot

Since the mainstreaming of ransomware payloads and the adoption of cryptocurrencies that facilitate untraceable payments, malicious actors have been innovating new methods and tactics to evade the latest defenses. The key to staying safe is a layered approach to cybersecurity backed up by a cyber resilience strategy.

Malware 62
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U.S. Secret Service on Ransomware: 'What's at Stake Is Disruption'

SecureWorld News

But did you know the Secret Service is deep into cybersecurity, too? His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. Within that, it's four categories: preparation, updates, protection, and backups. Assistant Director of the U.S.

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As ransomware inches from economic burden to national security threat, policies may follow

SC Magazine

The government has options, but none of them are easy or fast,” said Michael Daniel, former White House cybersecurity coordinator and current president and CEO of the Cyber Threat Alliance. It’s like many things in cybersecurity,” Daniel said. ” Improving baseline cybersecurity. . ” Stopping payments.

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C-suites adapt to ransomware as a cost of doing business

SC Magazine

Coats is a member of the Cybersecurity Collaborative , a chief information security officer membership organization owned by SC Media parent company CyberRisk Alliance. No,” said Corll, who is also a member of Cybersecurity Collaborative. Will our cyber insurer buy it or would we?” The news has their attention.”.

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Ransomware Protection in 2021

eSecurity Planet

For access to the decryption key, the victim must make prompt payment, often in cryptocurrency shielding the attacker’s identity. Offline Backups. While virtual backups are great, if you’re not storing data backups offline, you’re at risk of losing that data. Also Read: Best Encryption Tools & Software for 2021.