SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks 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.

Cyber Insurance 54

Cyber Insurance Insurance Ransomware Cyber Attacks 54

CyberSecurity Insiders

OCTOBER 24, 2022

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. Here are a few prime examples of cyber-attacks in the education sector. Cyber insurance. Make backups, and practice restoring from them. Conclusion.

Education 58

Education Cyber Attacks Cyber Insurance Insurance 58

CyberSecurity Insiders

JUNE 3, 2022

Healthcare providers are opting to pay a ransom in the event of ransomware attacks, instead of recovering it from data backups. An increase in cyber attacks in volume on businesses operating in the healthcare sector was also observed between 2020-2021.

Healthcare 120

Healthcare Ransomware Insurance Backups 120

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. 11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion.

Cyber Insurance 230

Cyber Insurance Insurance Government Cyber Risk 230

CyberSecurity Insiders

OCTOBER 23, 2021

By tapping into the advanced capabilities of our IT scanning technology, we’re proud to share actionable data to increase awareness around the current state of cyber risk technology and help eliminate the impact of adverse events — especially as we approach the end of a pivotal year,” said Madhu Tadikonda, President of Corvus Insurance. “We

Insurance 59

Insurance Cyber Risk Technology Ransomware 59

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.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

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.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

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?

Cyber Insurance 53

Cyber Insurance Insurance Ransomware Backups 53

Security Affairs

MARCH 27, 2019

Norwegian aluminum giant Norsk Hydro estimates more than $40 million losses in the first week following the ransomware attack that disrupted its operations. The news of the cyber attack had an immediate economic impact and caused a drop in the share price of 2.0 percent in early trading on the Oslo Stock Exchange.

Insurance 83

Insurance Cyber Attacks Ransomware Advertising 83

SecureWorld News

APRIL 9, 2024

[RELATED: Hospitals Seek Federal Help as Change Healthcare Ransomware Attack Disrupts Payments ] The attack has left hundreds, if not thousands, of providers all over the U.S. without the ability to get insurance approval for services ranging from a drug prescription to a life saving operation. But it's not just doctors.

Healthcare 93

Healthcare Computers and Electronics Insurance Hacking 93

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. These losses are not just monetary; the time and resources diverted to deal with the aftermath of an attack can significantly hamper operational efficiency.

Cybersecurity 86

Cybersecurity Backups Cyber threats Software 86

eSecurity Planet

OCTOBER 18, 2021

” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. Ransomware Liability.

Ransomware 103

Ransomware Cyber Insurance Insurance Digital transformation 103

Krebs on Security

OCTOBER 28, 2020

Five months later, Gunnebo disclosed it had suffered a cyber attack targeting its IT systems that forced the shutdown of internal servers. In the video, the REvil representative stated that the most desirable targets for the group were agriculture companies, manufacturers, insurance firms, and law firms.

Hacking 341

Hacking Ransomware Banking Accountability 341

CyberSecurity Insiders

APRIL 15, 2021

In 2020, ransomware was the most widely-used method of delivering cyber attacks, accounting for 23% of security events handled by the IBM Security X-Force. One attack alone scored profits of more than $123 million for the perpetrators, according to an IBM report. Finance and insurance were at the top.

Ransomware 140

Ransomware Manufacturing Phishing Insurance 140

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?

Ransomware 84

Ransomware Backups Cyber Insurance Encryption 84

Security Boulevard

JUNE 23, 2022

The World Economic Forum’s Global Risks Report has consistently ranked cyber attacks among the top seven risks facing the planet in terms of likelihood and impact, while high-profile CEOs including Warren Buffett of Berkshire Hathaway and Jamie Dimon of JPMorgan Chase see them as the number-one threat to business.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

SecureWorld News

JULY 28, 2020

NASDAQ: GRMN), today announced it was the victim of a cyber attack that encrypted some of our systems on July 23, 2020.”. Data and screenshots reveal that ransomware strain WastedLocker is behind the attack. Did the company restore from backups? The company still refuses to say, or type, the word “ransomware.”

Ransomware 56

Ransomware Cyber Attacks Encryption Insurance 56

Security Affairs

JUNE 2, 2020

In May Elexon , a middleman in the UK power grid network, was the victim of a cyber attack, its systems have been infected with the Sodinokibi ransomware. We are advising you that today that ELEXON’s internal IT systems have been impacted by a cyber attack. reads a post published by the company on its website.

Ransomware 91

Ransomware Cyber Attacks Advertising Insurance 91

eSecurity Planet

SEPTEMBER 14, 2022

According to the 2021 IBM Threat Force Intelligence Index , Manufacturing was the industry most likely to be attacked last year, comprising 23.2% of cyber attacks IBM handled. Finance and insurance finished a close second at 22.4%. Phishing attacks made up 40% of all attacks in the sector.

Social Engineering 120

Social Engineering Energy and Utilities Phishing Scams 120

Security Affairs

JULY 15, 2019

. “Two organizations in our area are recovering from recent cyber attacks. “La Porte County paid the ransom on a cyber attack that locked up part of the government’s computer system. The Ryuk virus got into the backup servers.” ” reported the WSBT.

Insurance 76

Insurance Ransomware Government Malware 76

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.

Ransomware 97

Ransomware Backups Software Encryption 97

CyberSecurity Insiders

MAY 17, 2023

This can include measures such as firewalls , antivirus, access management and data backup policies, etc. Health Insurance Portability and Accountability Act (HIPAA) HIPAA is a U.S. It applies to healthcare providers, insurance companies, and other organizations that handle PHI.

Cybersecurity 124

Cybersecurity Risk Insurance Firewall 124

Malwarebytes

OCTOBER 19, 2022

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 cyber attack prevention. Cyber threat hunting for SMBs: How MDR can help. More resources.

Passwords 72

Passwords Ransomware Backups Cyber Insurance 72

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. At this point, typical defenses for ransomware, such as backups and restoration of systems and data, do not apply. What is Double Extortion Ransomware?

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

CyberSecurity Insiders

JULY 19, 2022

According to a notice from PFC, attackers stole confidential patient information including patient names, addresses, and outstanding account balances. PFC said in some cases, SSNs and information about health insurance and medical treatment were also stolen.

Healthcare 105

Healthcare Encryption Ransomware Penetration Testing 105

eSecurity Planet

JANUARY 12, 2021

Data backups. Cybersecurity preparedness/ insurance. Here are a few core components of cyber risk assessments: Penetration testing : This type of security risk assessment, also referred to as “penetration testing,” is aimed at simulating what a cyber attacker can see and how your system’s security measures will stand up to the test.

Risk 70

Risk Penetration Testing Cyber Risk Cyber Attacks 70

Cisco Security

OCTOBER 18, 2021

Cyber hygiene is an essential aspect of effective risk management, and it must be continuous. Backup all critical data at least daily, and preferably more often, to offline storage and protected with MFA and immutable encryption. Having insurance and the ability to pay a ransom is not the answer! Frameworks.

Cybersecurity 109

Cybersecurity CISO Insurance Risk 109

Cytelligence

JANUARY 27, 2020

As these attacks increase in their frequency, threat actors have had to evolve their strategies due to the following reasons: Competition from other threat actors vying for the same “pie”. Lessons learned” from attacks that did not generate a pay-out. Effectiveness of data backup strategies. Ransomware in 2019 .

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

CyberSecurity Insiders

JANUARY 8, 2022

On November 9, 2021, MRIoA discovered that it was the victim of a sophisticated cyber-attack. health insurance policy and group plan number, group plan provider, claim information). Once MRIoA found out, MRIoA quickly took steps to secure and safely restore its systems and operations.

Data breaches 78

Data breaches Identity Theft Accountability Insurance 78

Security Boulevard

MARCH 31, 2021

implement offline storage and tape-based backup. More and More Ransomware Attacks. The Harris Federation , which runs 50 primary and secondary schools, and Birmingham College probably wished they had followed the alleged Conti gang's anti-ransomware security advice after they were taken out by ransomware attacks. .

Energy and Utilities 120

Energy and Utilities Ransomware Banking Hacking 120

Responsible Cyber

APRIL 8, 2020

Small and mid-sized enterprises (SMEs) are increasingly at risk of cyber-attacks, and often serve as a launch pad for larger threat campaigns, according to Cisco’s 2018 SMB Cybersecurity Report. Businesses must also ensure they have secure backups of their critical data. Lack of Cybersecurity Knowledge.

Cybersecurity 98

Cybersecurity DDOS Small Business Phishing 98

SecureWorld News

AUGUST 31, 2020

This follows a one-week break in learning caused by a ransomware attack against the district. A significant cyber attack forced the school system to take down most technology services in order to stop the corruption of school system servers and computers.

Ransomware 65

Ransomware Cryptocurrency Technology Insurance 65

Spinone

DECEMBER 26, 2018

How to Defend: Empowerment Through Cyber-Threat Intelligence Executive boards and departments face a greater frequency of cyber-attacks and an increased number of vulnerability types across enterprise operations. This feature is designed to guarantee an immediate response to Ransomware attacks targeting a Google Drive.

Security Awareness 40

Security Awareness Risk Cyber threats Cyber Risk 40

Joseph Steinberg

JANUARY 18, 2024

The financial implications of a successful cyber attack can be catastrophic. The costs associated with data breaches, system disruptions, and the aftermath of cyber incidents can quickly escalate. Mitigating Financial Risks Cybersecurity is an integral part of risk management for businesses.

Cybersecurity 169

Cybersecurity Education Cyber Attacks Risk 169

Security Affairs

NOVEMBER 14, 2022

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

Cyber Risk 120

Cyber Risk Insurance Cyber Attacks Risk 120

Joseph Steinberg

JANUARY 18, 2024

The financial implications of a successful cyber attack can be catastrophic. The costs associated with data breaches, system disruptions, and the aftermath of cyber incidents can quickly escalate. Mitigating Financial Risks Cybersecurity is an integral part of risk management for businesses.

Cybersecurity 161

Cybersecurity Education Cyber Attacks Risk 161

eSecurity Planet

APRIL 6, 2023

Lapsus$ was responsible for a destructive run of cyber attacks 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.

Ransomware 98

Ransomware Backups Encryption Cybersecurity 98