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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. These industries include consumer businesses, healthcare, and financial services.

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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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Ransomware Protection in 2021

eSecurity Planet

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark. Offline Backups.

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

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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What is Ransomware? Everything You Should Know

eSecurity Planet

While a typical ransomware attack just encrypts the data, exfiltration raises the risk by threatening to make sensitive data public. The developer has fewer risks, and the buyer does all of the work. There are, however, some industries at higher risk than others. Supply chain companies are primarily at risk.

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How to Recover From a Ransomware Attack

eSecurity Planet

An organization must: Prepare a good backup policy and procedure. Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyber insurance policy.

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The Surge of Double Extortion Ransomware Attacks

Pen Test

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Sopra Steria - One of the Largest Reported Ransoms Europe's major IT services firm Sopra Steria was breached in October 2020 by the Ryuk gang, with extensive backups preventing major disruption.