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.

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Cyber Insurance Insurance Ransomware Marketing 136

Malwarebytes

FEBRUARY 21, 2023

Here, they’re going out of their way to “help” by quizzing victims about the specifics of their cyber insurance policy. According to Varonis, there’s no outright demand for Bitcoin or another form of cryptocurrency. Create offsite, offline backups. What does the encryption warning message say?

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Cyber Insurance Insurance Ransomware Encryption 80

SecureWorld News

SEPTEMBER 23, 2021

His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. It starts with having a robust strategic plan that focuses on risk management. Within that, it's four categories: preparation, updates, protection, and backups.

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Ransomware Cyber Insurance Insurance Government 65

SC Magazine

JUNE 15, 2021

In that sense, leaders across the executive team are being briefed about the likelihood of attack, and weighing potential costs tied to risk against nearer term cybersecurity investments. They’re not going to save $250,000 at the risk of, say, $5 million,” Corll added. Will our cyber insurer buy it or would we?”

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Ransomware Insurance Cyber Insurance Risk 60

eSecurity Planet

FEBRUARY 16, 2021

For access to the decryption key, the victim must make prompt payment, often in cryptocurrency shielding the attacker’s identity. Below we outline 18 industry tips for actions you can take to reduce your risk of a ransomware attack: Action. Offline Backups. Attackers will inform the victim that their data is encrypted.

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Ransomware Backups Software Encryption 97

Pen Test

OCTOBER 10, 2023

Victims are instructed to pay a ransom payment, usually demanded in cryptocurrency, in exchange for the decryption key. Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Use immutable object storage for backups. Don't let patching lag.

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Ransomware Backups Insurance Cyber Insurance 52

SecureWorld News

AUGUST 21, 2020

The ISO assisted the college in restoring locally managed IT services and systems from backup copies. The University had servers encrypted but restored the systems and the access from backups. The University made the payment in cryptocurrency, through a third party firm. And number one is cyber insurance.

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