SecureWorld News

SEPTEMBER 14, 2021

This is also true for victims of cybercrimes, too. They followed the FBI’s advice to not pay the hackers and restored their system from backups they had kept for such an emergency. This example might seem extreme, but for some parents this exact scenario played out after hackers managed to steal their child’s data.

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Cyber Insurance Ransomware Insurance Backups 84

eSecurity Planet

FEBRUARY 16, 2021

With vulnerabilities rooted in unsuspecting users, the task of preventing these attacks means both staff training and a robust email and network security system that includes a strong backup program so you have a recent copy of your data that you can roll back to. Offline Backups. Screenshot example. Version restores.

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Cytelligence

JANUARY 27, 2020

Effectiveness of data backup strategies. Unlocking – Organizations can either pay the ransom and hope for the cybercriminals to actually decrypt the affected files (which in many cases does not happen), or they can attempt a recovery by removing infected files and systems from the network and restoring data from clean backups.

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Ransomware Cyber Insurance Insurance Encryption 53

Thales Cloud Protection & Licensing

AUGUST 11, 2021

Even the most critical damages caused by ransomware are repairable as long as you have a solid backup strategy. Successful attacks against high-profile organizations propel this cybercrime model the most. Ransomware incidents covered by cyber insurance policies.

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Spinone

OCTOBER 13, 2020

As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. It has been noted that paying a ransom demand only encourages this type of cybercrime and funds it. Backups aren’t working. Ransomware today can actually look for backup files along with user data.

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Adam Levin

MARCH 2, 2020

And it wasn’t because the media paid more attention to this relative newcomer in the area of cybercrime. Bear in mind that your data backups will be of no use if they are also encrypted by a ransomware attack, so keep them stored separately and offline. If your company already has cyber insurance coverage, consider increasing it.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215

SC Magazine

MAY 13, 2021

Are the backup and restore capabilities in place? Does the company have cyber insurance in place to pay a ransom? Running a tabletop exercise can help various stakeholders understand organizational and technical preparedness for an event of this nature. Are board members prepared to act? supply chain and national security.

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Energy and Utilities Ransomware Cyber Insurance Risk 64

Krebs on Security

MARCH 4, 2022

.” Conti managers were hyper aware that their employees handled incredibly sensitive and invaluable data stolen from companies, information that would sell like hotcakes on the underground cybercrime forums. For now, take a look at the documents and see if there is insurance and bank statements.” “We are Conti Group.

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SecureWorld News

MAY 12, 2020

If the law firm had cyber insurance, the policy may cover part of a ransom payment. When Florida cities paid more than a million dollars to ransomware operators in 2019, insurance covered most of it. The company says we're not going to pay the ransom, or we've got the backups. Related podcast on cybercrime sophistication.

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