eSecurity Planet

APRIL 6, 2023

Double extortion ransomware is an attack where the hackers exfiltrate the victim’s sensitive information and threaten to release it, gaining added leverage to force a victim to pay the ransom. While a typical ransomware attack just encrypts the data, exfiltration raises the risk by threatening to make sensitive data public.

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Malwarebytes

DECEMBER 20, 2022

From the H-Hotel release : “ unknown persons carried out a cyber attack on the IT network of the hotel company H-Hotels.com, which led to restrictions in digital communication. The cyber attack was discovered by the hotel company's IT security systems on Sunday. When an attack happens, who is contacted first?

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Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. Ransomware attacks, in particular, pose a significant risk, though some sectors and regions are more vulnerable than others.

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SecureWorld News

DECEMBER 2, 2020

The only way around the publishing of the data is to pay the attackers. "We We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack?

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eSecurity Planet

FEBRUARY 16, 2021

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.

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Digital Shadows

OCTOBER 14, 2024

Employees must be aware of how attackers might manipulate them into revealing sensitive information or granting the attackers access to secure systems. However, given the increasing sophistication of these attack techniques, education alone isn’t always enough to prevent a cyber attack.

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Spinone

DECEMBER 8, 2016

Cybersecurity is often overlooked by small business, but over 60% of cyber attacks are targeted at small to medium-sized businesses. This can also be one of the reasons behind insufficient security practices with many businesses not realising the full effect of a data breach or ransomware attack until it is too late.

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Security Boulevard

JUNE 23, 2022

In just a few years, cyber has transformed from the nerd in the corner into the Kim Kardashian of risk. businesses can be built on, and destroyed by, cyber risk. Ask your cyber exec to explain the threats facing the organisation. discuss how your company’s culture supports cyber security and risk management.

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Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups. These methods provide significant security risks for businesses of all sizes. What is Double Extortion Ransomware?

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Ransomware Encryption Backups Cyber Insurance 71

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers 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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Security Boulevard

MAY 17, 2023

Why are cyber attacks still on the rise? His name is Omar Masri and he's a software engineer and also the founder and CEO of Mamari.io, which helps businesses overcome the cost and complexities of cybersecurity, preventing attacks while meeting compliance and cyber insurance requirements. So it's growing.

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Thales Cloud Protection & Licensing

MAY 9, 2022

Cyber insurance coverage ramps up. There is also huge debate around cyber insurance and whether it is fit for purpose. Cyber insurance is designed to help protect organizations against the fallout from cyber-attacks, including covering the financial costs of paying out ransomware demands and dealing with incidents.

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Schneier on Security

FEBRUARY 28, 2024

One possible solution, touted by former Department of Homeland Security Secretary Michael Chertoff on a recent podcast , would be for the federal government to step in and help pay for these sorts of attacks by providing a cyber insurance backstop. 11, 2001, terrorist attacks.

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Cisco Security

MARCH 22, 2022

Left of Boom refers to actions you can take to protect your organization before a cyber incident. It includes the following advice: Have visibility and control of all assets and actionable metrics to measure cyber risk. Backup all critical data at least daily. Cyber insurance is not the answer!

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