CyberSecurity Insiders

OCTOBER 20, 2021

The only saving grace was that the city had invested in both on-premise and cloud backups. On the business side, the plan should address elements such as having a communication plan for the CISO, CIO and company executives as well as a risk management component that includes cyber insurance. Backup Strategy. The Attack.

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Ransomware Backups Insurance Cyber Insurance 111

Webroot

OCTOBER 14, 2022

As a result, many organizations are shifting away from cyber insurance and adopting layered defenses in an effort to achieve cyber resilience. Lock down Remote Desktop Protocols (RDP) Educate end users Install reputable cybersecurity software Set up a strong backup and disaster recovery plan.

Malware 62

Malware Antivirus DDOS Cyber Insurance 62

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Check out our government case studies and education pages for more information. Baltimore learned this the hard way. (An

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Government Cybersecurity Cyber Insurance Insurance 58

SecureWorld News

SEPTEMBER 14, 2021

2020 saw a record number of cyberattacks—and threats for school, university, and other educational institutes are growing each day. They followed the FBI’s advice to not pay the hackers and restored their system from backups they had kept for such an emergency. Unfortunately, there is no perfect profile for a cybercriminal.

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Cyber Insurance Ransomware Insurance Backups 84

SC Magazine

JUNE 15, 2021

We won’t ruin our reputation” with a security failure, said Benjamin Corll, vice president of cyber security and data protection at industrial thread company Coats. I’m not going to educate them, to say ‘Can I have your attention?’ Will our cyber insurer buy it or would we?” The news has their attention.”.

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Ransomware Insurance Cyber Insurance Risk 60

Security Boulevard

JUNE 2, 2022

Some industries saw particularly high growth of double-extortion attacks, including healthcare (643%), food service (460%), mining (229%), education (225%), media (200%), and manufacturing (190%). Double extortion ransomware increased by 117%. Have a response plan.

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Ransomware Architecture Manufacturing Encryption 104

SC Magazine

JUNE 30, 2021

Of that group, some were willing to let their districts part with sizable amount of money, even though local taxpayers would be (at the very least indirectly via cyber insurance costs) taking a hit as well. We recommend they invest in security and backups to better defend against the threat.”. It’s a balancing act.”AS.

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Ransomware Backups Cyber Insurance Media 82

NetSpi Executives

APRIL 27, 2024

Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Some can’t afford not to pay, and some are covered by cyber insurance. Protect your backup systems. Does backup protect against ransomware? That’s why off-site backups are critically important for recovery.

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Ransomware Cyber Insurance Backups Insurance 52

SC Magazine

FEBRUARY 25, 2021

It’s a little blunt to be a solution,” said Mike McNerney, chief operating officer of Resilience, which provides cyber insurance, and a former policy adviser to the Department of Defense. “We’re going to end up criminalizing being a victim. They will still pay, but it will be illegal. Part of the problem is technical.

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Ransomware Insurance Government Cryptocurrency 104

SecureWorld News

AUGUST 21, 2020

The ISO assisted the college in restoring locally managed IT services and systems from backup copies. The University had servers encrypted but restored the systems and the access from backups. It had cyber insurance: "The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.

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Ransomware Cyber Insurance Insurance Backups 73

eSecurity Planet

APRIL 6, 2023

Education, government, energy and manufacturing are others. Cyber criminals have learned that it is not only businesses that make soft targets for the attacks. Similarly, the education sector has also become a soft target for ransomware. There are, however, some industries at higher risk than others.

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Ransomware Backups Encryption Cybersecurity 98

Cisco Security

JULY 11, 2022

This institution not only provided an education but also contributed to the local economy in this rural town for over 150 years. The cyberattack occurred during the pandemic when most educational institutions had suddenly shifted to remote learning. In 2021: . Ransomware amounts varied from $100,000 to a whopping $40 million .

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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. Backups aren’t working. Restoring from backup is certainly preferable to paying the bad guys for the damage they have inflicted. Ransomware today can actually look for backup files along with user data.

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ForAllSecure

MAY 30, 2023

Obviously, organizations gotten smart to that and they started doing offline backups securing their backups differently, so that they would continue to have access and availability. By no means. Does that mean that there was no ransomware occurring? VAMOSI: Should you pay?

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Ransomware Encryption Authentication Backups 40