SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

Cybersecurity 87

Cybersecurity Backups Cyber threats Software 87

eSecurity Planet

OCTOBER 5, 2021

An organization must: Prepare a good backup policy and procedure. The classic approach of a modern firewall , robust network security , and advanced endpoint security would be reasonable. We should encrypt data at rest. Is the attack small enough that we do not need to file a cyber insurance claim?

Ransomware 131

Ransomware Backups Insurance Cyber Insurance 131

Cisco Security

JULY 11, 2022

From extortion to data breaches, ransomware is always evolving, and is becoming very lucrative with Ransomware-as-a-service kit making it easier to target organizations. Downtime varied from minimal disruption (thanks to frequent data backups) to months upon months of recovery time . In 2021: . billion . ?

Ransomware 114

Ransomware Education Cyber Insurance Insurance 114

Spinone

OCTOBER 13, 2020

As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. In IBM’s Cost of a Data Breach Report 2019 cited the following: Lost business is the biggest contributor to data breach costs The average cost of lost business in 2019 was $1.42

Ransomware 52

Ransomware Backups Data breaches Encryption 52