SC Magazine

JUNE 28, 2021

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.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

Pen Test

OCTOBER 10, 2023

Victims are instructed to pay a ransom payment, usually demanded in cryptocurrency, in exchange for the decryption key. If organizations don't pay up, they lose access to their critical data and applications. Even just the notification of a data breach can harm an organization's reputation and bottom line.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Spinone

OCTOBER 13, 2020

Ransom payments are generally demanded in the form of untraceable cryptocurrency such as Bitcoin. As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. Just the ransom payment alone can be tremendously expensive. Why do businesses pay the ransom?

Ransomware 52

Ransomware Backups Data breaches Encryption 52

Adam Levin

DECEMBER 27, 2019

fewer of you to go around because at this moment in history everyone understands that a good CISO is critical to the ongoing success of an enterprise (the 2019 IBM Cost of Data Breach study found that the average cost to an organization was $3.92 Cryptocurrency miners will continue to get rich off of stolen electricity.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100