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.

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eSecurity Planet

JANUARY 12, 2021

Protecting your organization from IT security risks is an ongoing, fluid task. As a savvy tech leader, you are likely hyperfocused on performing security risk audits to keep your networks strong and protected. Components of Security Risk Assessments. Data backups. Cybersecurity preparedness/ insurance.

Risk 70

Risk Penetration Testing Cyber Risk Cyber Attacks 70

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.

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SecureWorld News

JANUARY 21, 2024

Phishing attacks, for instance, are extremely common: these are deceptive emails or messages designed to steal data. Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release.

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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. National Institute of Standards and Technology.

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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.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

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 82

Insurance Cyber Attacks Ransomware Advertising 82

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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Cyber Insurance Insurance Ransomware Backups 53

Spinone

DECEMBER 26, 2018

In this article we will learn how to address and effectively respond to major enterprise cybersecurity threats and provide tips to mitigate IT security risk. Be On Your Guard with the Most Treacherous Insider Roles A paramount priority when addressing the threat is to distinguish the fundamental insider risks.

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Cisco Security

OCTOBER 18, 2021

About 15 years ago, the idiom began to be applied to cybersecurity, where the risk management continuum values the investment in protection to mitigate the negative consequences of a cyber incident. We can never eliminate risk entirely, but we can manage it effectively with “Left of Boom” processes and procedures. Frameworks.

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Cybersecurity CISO Insurance Risk 121

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 78

Ransomware Backups Cyber Insurance Encryption 78

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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Ransomware Backups Software Encryption 97

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

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

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. DDoS Attacks.

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Cybersecurity DDOS Small Business Phishing 98

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 122

Energy and Utilities Ransomware Banking Hacking 122

Joseph Steinberg

JANUARY 18, 2024

Mitigating Financial Risks Cybersecurity is an integral part of risk management for businesses. 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.

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Cybersecurity Education Cyber Attacks Risk 169

Joseph Steinberg

JANUARY 18, 2024

Mitigating Financial Risks Cybersecurity is an integral part of risk management for businesses. 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.

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Security Affairs

NOVEMBER 14, 2022

Are the directors of a company hit by a cyberattack liable for negligence in failing to take steps to limit the risk. As the risk of a cyberattack grows, it is pivotal to consider whether the directors of a company hit by a ransomware attack, for example, can bear any liability for negligence in failing to take steps to limit the risk.

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Cyber Risk Insurance Cyber Attacks Risk 118

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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Ransomware Backups Encryption Cybersecurity 98

Spinone

MAY 22, 2020

There is arguably not a greater danger to your business than the possibility of a cyber attack that leaves your business-critical data either compromised or destroyed. However, the risks to your business for not implementing effective cybersecurity are far too grave to ignore. Why is cybersecurity so costly?

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Cybersecurity Data breaches Ransomware Financial Services 52

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.

Hacking 52

Hacking Insurance Small Business Cybersecurity 52

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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CyberSecurity Insiders

OCTOBER 19, 2022

European legislators have decided against adding a burdensome amendment to the Markets in Crypto Assets (MiCA) bill on proof-of-work-based assets, demonstrating their commitment to establishing a system that balances risk management and true financial innovation. Stringent Risk Management Environment Of Metaverse. Future Trends.

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Security Affairs

FEBRUARY 25, 2024

Not the LockBit gang is attempting to relaunch its RaaS operation, the group has set up a new infrastructure and is threatening to carry out cyber attacks on the government sector. All other servers with backup blogs that did not have PHP installed are unaffected and will continue to give out data stolen from the attacked companies.

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