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University of Utah pays a $457,000 ransom to ransomware gang

Security Affairs

The University was able to recover the operations from the backups, but decided to pay the ransom to avoid having ransomware operators leak student information online. University of Utah officials explained that the university’s cyber insurance policy covered part of the ransom. ” continues the statement.

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Ransomware Attack Hits Carnival Cruise Corporation: What We Know

SecureWorld News

Security researcher and pentester Vinny Troia tells SecureWorld that although some hackers love making headlines and the notoriety of it all, most have a very specific motivation for their attacks: "Money, money. Ransomware attacks: another argument for cyber insurance? And number one is cyber insurance.

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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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How Information Security Breaks The Classic IT Model

Security Boulevard

How Information Security Breaks The Classic IT Model. That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. How does information security fit into the producer/consumer model? In some cases, yes, information security does fit into this in several ways: a.

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C-suites adapt to ransomware as a cost of doing business

SC Magazine

Coats is a member of the Cybersecurity Collaborative , a chief information security officer membership organization owned by SC Media parent company CyberRisk Alliance. I do believe wholeheartedly that companies are waking up to recognize that cyber is a business driver and a business risk, and ransomware is [a] cost of doing business.

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How to build a cyber capable board

Security Boulevard

Ask your cyber exec to explain the threats facing the organisation. Few chief information security officers (CISOs) have a close relationship with the board in their organisations?—?many Your HR, IT and security teams should work together on this?—?discuss 2 Talk to your CISO. many do not report to it directly.

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Securing Government Agencies: Essential Eight and Other Efforts

Duo's Security Blog

The eight areas are: Application Control Patch Applications Configure Microsoft Office Macro Settings User Application Hardening Restrict Administrative Privileges Patch Operating Systems Multi Factor Authentication Daily Backups Each area comes with guidance to improve maturity of the area. Watch this space — there’s more to come!