Backups, Cyber Insurance, Cybercrime and Ransomware

2023 Predictions for Storage and Backup Ransomware

CyberSecurity Insiders

JANUARY 6, 2023

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. Slow Gains on Storage and Backup Security. Make it extremely difficult to tamper with backups and exfiltrate data.

Backups

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What’s happening in the world of personal cyber insurance?

Malwarebytes

APRIL 27, 2022

You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Most commonly, it’s cited with regard to ransomware attacks in the workplace, or associated data loss. Personal insurance plans are slowly becoming a more visible and talked about topic. A transactional offering.

Cyber Insurance

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University of Utah pays a $457,000 ransom to ransomware gang

Security Affairs

AUGUST 21, 2020

The University of Utah admitted to have paid a $457,059 ransom in order to avoid having ransomware operators leak student information online. The university did not reveal the ransomware family involved in the attack. ” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers.

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Multiple schools hit by Vice Society ransomware attack

Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment.

Ransomware

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HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time. Very important!

Insurance

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Ransomware Protection in 2021

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

Ransomware

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U.S. Secret Service on Ransomware: 'What's at Stake Is Disruption'

SecureWorld News

SEPTEMBER 23, 2021

This includes the fight against ransomware. His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. This ranges from Secret Service agents discussing elements of cyber hygiene with those they protect to tracking down cybercrime fugitives.

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Ransomware in 2020

Cytelligence

JANUARY 27, 2020

Ransomware is becoming an epidemic in the cybersecurity world, with new strains being created continuously by criminals to extort money out of unsuspecting users. What is Ransomware? Ransomware is a devastating attack on an organization’s or individual’s digital assets. Damages from ransomware in 2019 rose to over $11.5

Ransomware

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Online Schools Company Pays Hacker Ransom

SecureWorld News

DECEMBER 2, 2020

What happened in this K12 ransomware attack. What happened in this ransomware attack? The cybercriminals who deployed the ransomware threatened to publish that confidential data about students and teachers. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack?

Cyber Insurance

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School Cyberattack Aftermath: What Happens to Kids' Data?

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. With the rise in ransomware attacks on government and healthcare organizations, as well as schools, this will continue to be a significant challenge.

Cyber Insurance

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How Not to Pay the Ransom? No Soup For You, Ransomware!

Thales Cloud Protection & Licensing

AUGUST 11, 2021

No Soup For You, Ransomware! Ransomware campaigns such as WannaCry and Petya attacks made this malware type a top threat to all organizations worldwide. Cyber crooks are getting more sophisticated and IT professionals have tough times struggling to detect and block malicious interventions at early stages.

Ransomware

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Ransomware Prevention Guide for Enterprise

Spinone

OCTOBER 13, 2020

Like a terrible disease epidemic, ransomware infects and destroys any data in its path. Preventing a ransomware infection is much more desirable than having to recover from one. In this post, we will take a look at ransomware trends, costs, targets, and ransomware prevention software. What do these costs include?

Ransomware

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Ransomware Is the No. 1 Cyber Threat This Year. Here’s What You Can Do

Adam Levin

MARCH 2, 2020

You couldn’t go a week last year without seeing a ransomware headline in the news. And it wasn’t because the media paid more attention to this relative newcomer in the area of cybercrime. Ransomware attacks on businesses skyrocketed 365 percent in 2019, and all signs point to more of the same in 2020.

Cyber threats

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Conti Ransomware Group Diaries, Part III: Weaponry

Krebs on Security

MARCH 4, 2022

Part I of this series examined newly-leaked internal chats from the Conti ransomware group, and how the crime gang dealt with its own internal breaches. Conti is by far the most aggressive and profitable ransomware group in operation today. 12, 2021, in regards to their ransomware negotiations with LeMans Corp.,

Ransomware

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Law Firm to the Stars Hit by Ransomware Attack

SecureWorld News

MAY 12, 2020

But the group posted on its website this week that negotiations with ransomware middle-man Coveware were a failure and time has run out on that initial ransom demand: "Next.the hottest news, which we associate with GRUBMAN SHIRE MEISELAS & SACKS. We'll have more on the Travelex ransomware attack in a minute.

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What we’ve learned from the Colonial Pipeline cyberattack, and what to do about it

SC Magazine

MAY 13, 2021

Every year, cyber events nudge up the digital risk level and we’ve become desensitized to the increasing temperature. So with the most recent Colonial Pipeline attack, we’re in a fast boil as cyber events are causing real world problems. By isolating and segmenting OT, organizations can stop the lateral spread of ransomware.

Energy and Utilities

Energy and Utilities Ransomware Cyber Insurance Risk

Cyber Security Informer

2023 Predictions for Storage and Backup Ransomware

What’s happening in the world of personal cyber insurance?

Trending Sources

University of Utah pays a $457,000 ransom to ransomware gang

Multiple schools hit by Vice Society ransomware attack

HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost

Ransomware Protection in 2021

U.S. Secret Service on Ransomware: 'What's at Stake Is Disruption'

Ransomware in 2020

Online Schools Company Pays Hacker Ransom

School Cyberattack Aftermath: What Happens to Kids' Data?

How Not to Pay the Ransom? No Soup For You, Ransomware!

Ransomware Prevention Guide for Enterprise

Ransomware Is the No. 1 Cyber Threat This Year. Here’s What You Can Do

Conti Ransomware Group Diaries, Part III: Weaponry

Law Firm to the Stars Hit by Ransomware Attack

What we’ve learned from the Colonial Pipeline cyberattack, and what to do about it

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