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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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Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

Battling cybersecurity threats can often feel like an uphill struggle. Nonprofits often juggle tight budgets and unique operational demands, making it even more difficult to keep sensitive information safeā€”but here's the thing: you don't need a fortune to build a strong defense against the possible cyber threats out there.

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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

As we didnā€™t have a comprehensive cybersecurity plan in place, the attack brought the entire business to its knees.ā€. Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Most had been infected.

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Cyber Liability Insurance ā€“ What You Need to Know

Duo's Security Blog

Cyber incidents rose 35% in 2020 with data breaches costing businesses an average of $4.24 million per year , resulting in cyber insurance premiums jumping up by 50-100%. No doubt, cyber insurance is a hot topic right now. It's no longer a question of should you buy cyber insurance and what does it cover?

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Local government cybersecurity: 5 best practices

Malwarebytes

The first is that they handle troves of sensitive data, especially personally identifiable information (PII) , and the second is that they operate on shoestring budgets with little to no cybersecurity staff or leadership buy-in. We’ll break down five best practices for local government cybersecurity in this post.

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One Year Later: What Have We Learned Since the Colonial Pipeline Attack

Thales Cloud Protection & Licensing

Therefore, immediate action is needed to deploy more robust cybersecurity strategies. The White House Executive Order on Improving the Nationā€™s Cybersecurity from May 12, 2021 and the supporting Office of Management Budget Federal Strategy to Move the U.S. Cyber insurance coverage ramps up. everywhere.

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

Attackers guess the passwords easily, find them in open source code repositories, or collect them via phishing. Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Some canā€™t afford not to pay, and some are covered by cyber insurance. Protect your backup systems.