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2023 Predictions for Storage and Backup Ransomware

CyberSecurity Insiders

Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. And backup and storage systems are rife with unpatched CVEs. Similarly in cybersecurity, enterprises typically proof themselves up against last year’s strategies and attack vectors.

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The future of cyber insurance

IT Security Guru

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.

Insiders

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World Backup Day on March 31 Seeks to Protect Data Before It's Gone

SecureWorld News

However, data is as vulnerable as it is valuable, and World Backup Day on Friday, March 31st, is a welcome reminder of the need to have a well thought out data protection strategy in place. The campaign began in 2011 as World Backup Month and was changed to World Backup Day later.

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Cyber Attack news headlines trending on Google

CyberSecurity Insiders

The intelligence committee, funded by South Korea’s National Assembly, has revealed that a cyber attack launched on Pfizer at the end of last year was launched by North Korean hackers to steal the intelligence of vaccine research that was co-sponsored by BioNTech.

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Scant evidence that cyber insurance boom is leading to better security

SC Magazine

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. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

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Ransomware: Number One Cyber Insurance Claim

SecureWorld News

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.

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Healthcare providers prefer paying ransom in ransomware attacks

CyberSecurity Insiders

Healthcare providers are opting to pay a ransom in the event of ransomware attacks, instead of recovering it from data backups. The State of Ransomware in Healthcare 2022 report is against what is being urged by the law enforcement agencies such as CISA and the FBI.