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2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. The attack pace not only continued, it accelerated. Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. But not insurance companies.
Trends of cyberinsurance claims for 2020. Coalition, a cyberinsurance company, recently released a report detailing the categories of cyberattacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.
The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. Using the MITRE ATT&CK framework, we’ll provide a comprehensive overview of the key cyberthreats you need to know about to keep your environment protected.
The education sector is increasingly vulnerable to simple and sophisticated cyberthreats, and higher learning is especially vulnerable. These attacks also tend to be more successful in access and payout in the event of ransom demands, with 74% of attacks ending successfully for hackers. Cyberinsurance.
Nonprofits often juggle tight budgets and unique operational demands, making it even more difficult to keep sensitive information safe—but here's the thing: you don't need a fortune to build a strong defense against the possible cyberthreats out there.
Lapsus$ was responsible for a destructive run of cyberattacks in early 2022, hitting some high-profile tech companies. Conti Around 20% of attacks in early 2022 were from Conti, the group behind the 2021 Irish health services attack. The first ransomware attack took place in 1989.
The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. Using the MITRE ATT&CK framework, we’ll provide a comprehensive overview of the key cyberthreats you need to know about to keep your environment protected.
Make offsite, offline backups. To make this possible you’ll need comprehensive, recently tested, backups that are both offline and offsite, beyond the reach of your attackers. A muli-layered approach to cyberattack prevention. Cyberthreat hunting for SMBs: How MDR can help. More resources.
Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering. Emphasize defense-in-depth principles by combining traditional intrusion detection mechanisms with advanced threat detection technologies to effectively identify and mitigate sophisticated cyberthreats.
Cyberinsurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.
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