Spinone

DECEMBER 8, 2016

Additionally, many cyber liability insurance providers struggle to put a price on high-value company assets, or are reluctant to cover them in the first place. When deciding whether or not to invest in a cybersecurity insurance policy, companies must evaluate carefully the full impact of a serious data breach.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

Pen Test

OCTOBER 10, 2023

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. Keep backups completely isolated and air-gapped offline to prevent malware from infecting those too. Use immutable object storage for backups.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

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%. Supply chain ransomware attacks are on the rise. Have a response plan.

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Ransomware Architecture Manufacturing Encryption 105

SC Magazine

JUNE 15, 2021

Coats is a member of the Cybersecurity Collaborative , a chief information security officer membership organization owned by SC Media parent company CyberRisk Alliance. Will our cyber insurer buy it or would we?” The post C-suites adapt to ransomware as a cost of doing business appeared first on SC Media.

Ransomware 60

Ransomware Insurance Cyber Insurance Risk 60

Security Boulevard

JUNE 23, 2022

For instance, the IBM X-Force Command Cyber Tactical Operation Center offers a training platform that can run full-scale simulations of cyber incidents. 7 Practise dealing with the media. Serious cyber incidents will hit the headlines, so you need to have a media management strategy ready to limit any reputational damage.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

SC Magazine

JUNE 14, 2021

SC Media spoke to Minder about the ins and outs of negotiations, and the ins and outs of never needing a negotiator. Sometimes they have the cyber insurance policy. The post One of ransomware’s top negotiators would rather you not have to hire him appeared first on SC Media. Also anti-phishing.

Ransomware 85

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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. ” The post As ransomware inches from economic burden to national security threat, policies may follow appeared first on SC Media.

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Ransomware Insurance Government Cryptocurrency 104

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

Cyber Insurance 131

Cyber Insurance Insurance Marketing Cyber Risk 131

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This includes maintaining rigorous backup policies, enhancing endpoint visibility, and ensuring all software is up to date.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

SC Magazine

FEBRUARY 24, 2021

But the season-four episode “Decrypt” did capture many of the key elements that play into an attack scenario, including incident response, the role of cyber insurance agencies, and the ethics of paying. SC Media asked two cyber experts with health care experience for their own take on which parts of the episode – written by Thomas L.

Ransomware 94

Ransomware Backups Insurance Cyber Insurance 94

SC Magazine

JUNE 21, 2021

Backups often fail as a solution because of multiple extortion vectors or technological issues. For the broader ecosystem of organizations that can be affected by ransomware, the problem can be “existential,” said Joshua Motta, CEO of cyber insurer Coalition. appeared first on SC Media.

Ransomware 118

Ransomware Insurance Government Cyber Insurance 118

SC Magazine

MAY 13, 2021

Are the backup and restore capabilities in place? Does the company have cyber insurance in place to pay a ransom? The post What we’ve learned from the Colonial Pipeline cyberattack, and what to do about it appeared first on SC Media. Are board members prepared to act? supply chain and national security.

Energy and Utilities 64

Energy and Utilities Ransomware Cyber Insurance Risk 64

SecureWorld News

MARCH 5, 2025

The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " The biggest danger is making rushed choices.

Cyber Risk 111

Cyber Risk Risk Cyber Insurance Small Business 111

Adam Levin

DECEMBER 27, 2019

We will also see better backup practices that will help minimize or neutralize the threat of these attacks. . 5G will make the cyber smash grab a thing. Social media will no longer need to be private. You’re going to have personal cyber insurance. IoT botnets will make dystopian paranoia seem normal.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100

SecureWorld News

MAY 12, 2020

A long list of powerful stars and media companies are nervous right now, wondering how many of their legal dealings might soon be spilled onto the web for the world to see. If the law firm had cyber insurance, the policy may cover part of a ransom payment. You might call it the ultimate Hollywood hush-money payment.

Ransomware 89

Ransomware Insurance Backups Cyber Insurance 89

Adam Levin

MARCH 2, 2020

And it wasn’t because the media paid more attention to this relative newcomer in the area of cybercrime. Bear in mind that your data backups will be of no use if they are also encrypted by a ransomware attack, so keep them stored separately and offline. If your company already has cyber insurance coverage, consider increasing it.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215