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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. The ransom demand was $3.6

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

Thales Cloud Protection & Licensing

While implementation of security technologies such as multi-factor authentication and encryption have slightly increased, we have not yet reached the level where the majority of applications, data and operational technology are fully protected. Cyber insurance coverage ramps up. Governments step up to protect all businesses.

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Best Disaster Recovery Solutions for 2022

eSecurity Planet

But it also requires software to orchestrate data movement, backup and restore technology to ensure a current copy of data is available, and the ability to recover systems and data rapidly. This type of backup and DR technology offers RPOs measured in hours. See the Best Backup Solutions for Ransomware Protection.

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Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

Remember, sometimes a little common sense goes a lot further than the fanciest encryption out there. Phishing attacks, for instance, are extremely common: these are deceptive emails or messages designed to steal data. The key here is implementing smart, affordable cybersecurity strategies that work best for nonprofits.

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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers. Affiliates are the actors who distribute the ransomware through phishing emails, exploit kits, or compromised websites, while access brokers sell access to compromised networks.

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Ransomware Protection in 2021

eSecurity Planet

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” Offline Backups.

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Ransomware in 2020

Cytelligence

Cybercriminals or threat actors release a kind of malware which enters a computer system or network through fraudulent means and locks down files from access by encrypting them until a demanded ransom is paid to hackers in return for a decryption key. Effectiveness of data backup strategies. Increased speeds. Increased reliability.