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HardBit ransomware tailors ransom to fit your cyber insurance payout

Malwarebytes

What does the encryption warning message say? encrypts files and presents the following infection message on compromised desktops: All your important files are stolen and encrypted! All your files have been encrypted due to a security problem with your PC. Stop malicious encryption.

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How to Decrypt Ransomware Files – And What to Do When That Fails

eSecurity Planet

The best defense and the best option for recovery will always be the availability of sufficient, isolated data backups and a practiced restoration process. However, even with the best planning, organizations can find a few users, machines, or systems that were overlooked or whose backup may be corrupted or encrypted.

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

Security Affairs

For those who have cyber insurance against ransomware attacks. Insurance companies require you to keep your insurance information secret, this is to never pay the maximum amount specified in the contract or to pay nothing at all, disrupting negotiations. Very important! reads the ransom note.

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Education Sector has Seen a 44% Rise in Cyber Attacks Since 2021

CyberSecurity Insiders

This breach was of physically present servers, rather than a breach of third-party cloud security and also shows how typical security protocol is sometimes less effective than, say, blockchain -based systems. Cyber insurance. Often, educational institutions see cyber insurance as a needless expense. Conclusion.

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Online Schools Company Pays Hacker Ransom

SecureWorld News

We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. This topic came up during a virtual SecureWorld conference when Attorney Daniel Pepper presented on ransomware and digital extortion. "If Can we restore from these backups?

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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 ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.”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.