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

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. Once your micro-perimeters surround your most sensitive segments, there’s a need for ongoing monitoring and adaptive technology. Offline Backups. Screenshot example. Ransomware predictions.

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Ransomware Backups Software Encryption 97

SC Magazine

JUNE 15, 2021

From a financial perspective, if we did have to pay the ransomware, do we know how to buy cryptocurrency? Will our cyber insurer buy it or would we?” This was at the endorsement of CFO Mark Serway, a veteran financial chief for technology companies, many of which have counted the federal government as a customer.

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Ransomware Insurance Cyber Insurance Risk 60

SC Magazine

FEBRUARY 25, 2021

On Wednesday – just Wednesday – news stories emerged about an airplane maker, information technology giant and computer game company all having operations disrupted by ransomware. A less abrasive way to interrupt payments could come at the cryptocurrency level. Many argue that policymakers need to do something about the problem.

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Ransomware Insurance Government Cryptocurrency 104

NetSpi Executives

APRIL 27, 2024

Ransomware, a definition Ransomware is a set of malware technologies, hacking techniques, and social engineering tactics that cybercriminals use to cause harm, breach data, and render data unusable. Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Protect your backup systems.

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Ransomware Cyber Insurance Backups Insurance 52

Pen Test

OCTOBER 10, 2023

Victims are instructed to pay a ransom payment, usually demanded in cryptocurrency, in exchange for the decryption key. Sopra Steria - One of the Largest Reported Ransoms Europe's major IT services firm Sopra Steria was breached in October 2020 by the Ryuk gang, with extensive backups preventing major disruption.

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Ransomware Backups Insurance Cyber Insurance 52

SC Magazine

JUNE 21, 2021

Policy levers can include direct federal investment in baseline cybersecurity , regulations to improve baseline cybersecurity , more aggressive law enforcement and intelligence community takedowns of criminal infrastructure, and regulating cryptocurrencies. But such a scenario would be more reasonable for small- and medium-sized businesses.

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Ransomware Insurance Government Cyber Insurance 118