Malwarebytes

JANUARY 15, 2023

As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law. Ensure your RDP points are locked down with a good password and multi-factor authentication. Backup your data. Make an emergency plan sooner, rather than later.

Ransomware 96

Ransomware Backups Education VPN 96

Webroot

OCTOBER 14, 2022

As a result, many organizations are shifting away from cyber insurance and adopting layered defenses in an effort to achieve cyber resilience. Lock down Remote Desktop Protocols (RDP) Educate end users Install reputable cybersecurity software Set up a strong backup and disaster recovery plan. Strategies for individuals.

Malware 89

Malware Antivirus DDOS Cyber Insurance 89

Malwarebytes

OCTOBER 19, 2022

There is no need for criminals to jimmy a lock if they can steal a key, and the keys to your kingdom are your users’ passwords. In theory , putting those keys out of reach is easy: You just need all your users to choose strong, unique passwords for every account they use, all the time. Make offsite, offline backups.

Passwords 92

Passwords Ransomware Backups Cyber Insurance 92

Malwarebytes

DECEMBER 20, 2022

A little recovery time Don’t wait until ransomware is in your network and encrypting everything to ask if someone has a backup. Law enforcement, cyber insurance (if you have it), external security contractors may well be some of the first entities on your list. When an attack happens, who is contacted first?

Ransomware 97

Ransomware Backups Cyber Insurance Encryption 97

eSecurity Planet

FEBRUARY 16, 2021

Ransomware frequently contains extraction capabilities that can steal critical information like usernames and passwords, so stopping ransomware is serious business. Offline Backups. While virtual backups are great, if you’re not storing data backups offline, you’re at risk of losing that data. Ransomware predictions.

Ransomware 97

Ransomware Backups Software Encryption 97

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Prohibit use of known/fixed/default passwords and credentials. Baltimore learned this the hard way. (An

Government 74

Government Cybersecurity Cyber Insurance Insurance 74

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. For instance, disable password-saving in web browsers via Group Policy Management to prevent credential theft.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

CyberSecurity Insiders

OCTOBER 24, 2022

In July, poor password hygiene led to another ransomware attack. The group known as LockBit is notorious for sending email attachments to trick gullible workers into providing access or passwords to access systems before capturing data and holding it hostage. . Cyber insurance. Whitworth University compromised.

Education 58

Education Cyber Attacks Cyber Insurance Insurance 58

Digital Shadows

JANUARY 14, 2025

We advise customers incorporate the following Automated Response Playbooks into their incident response plans for a more robust and efficient defense strategy: Terminate Active Sessions and Reset Passwords: Ransomware operators abuse stolen credentials to move laterally, gaining access to high-value data.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

Webroot

SEPTEMBER 27, 2024

Having regular backups means you can recover without having to pay a ransom. For consumers: Keep personal backups of important files (photos, documents, etc.) Use strong, unique passwords : Weak or reused passwords are an easy way in for cybercriminals. Use a password manager to create and store strong passwords.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

Digital Shadows

OCTOBER 14, 2024

English-speaking countries, particularly the US, UK, Canada, and Australia, have well-developed insurance markets and higher cybersecurity awareness, resulting in higher ransomware insurance adoption. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

NetSpi Executives

APRIL 27, 2024

terminal services, virtual private networks (VPNs), and remote desktops—often use weak passwords and do not require MFA. Attackers guess the passwords easily, find them in open source code repositories, or collect them via phishing. Some can’t afford not to pay, and some are covered by cyber insurance.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

Centraleyes

JUNE 11, 2024

Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering. Implement MFA solutions combining multiple authentication factors, such as passwords, physical tokens, biometric identifiers, and one-time passcodes, to enhance security and mitigate the risk of credential theft or misuse risk.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

SC Magazine

JUNE 14, 2021

It actually almost matches up with maybe 70% or 80% of the clients that we’re supporting, who had almost identical attacks with an old credential, with a weak password on a VPN. Credential monitoring, password policy, [multi-factor authentication], are preventable problems. Sometimes they have the cyber insurance policy.

Ransomware 85

Ransomware Passwords VPN Cyber Insurance 85

Spinone

OCTOBER 13, 2020

As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. Restoring from backup is certainly preferable to paying the bad guys for the damage they have inflicted. Ransomware today can actually look for backup files along with user data.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

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. For instance, disable password-saving in web browsers via Group Policy Management to prevent credential theft.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Schneier on Security

FEBRUARY 28, 2024

One possible solution, touted by former Department of Homeland Security Secretary Michael Chertoff on a recent podcast , would be for the federal government to step in and help pay for these sorts of attacks by providing a cyber insurance backstop. But this is easier said than done.

Cyber Insurance 306

Cyber Insurance Insurance Government Cyber Risk 306

SC Magazine

JUNE 21, 2021

Ransomware prevention starts with the smallest businesses developing a password policy and ends with complex geopolitical negotiations with countries that harbor ransomware criminals. Backups often fail as a solution because of multiple extortion vectors or technological issues.

Ransomware 118

Ransomware Insurance Government Cyber Insurance 118

SC Magazine

MAY 13, 2021

Despite the sensitivity of OT environments, many organizations use single-factor user names and passwords to access assets. In some cases, they use shared passwords. Are the backup and restore capabilities in place? Does the company have cyber insurance in place to pay a ransom? Segment the network.

Energy and Utilities 64

Energy and Utilities Ransomware Cyber Insurance Risk 64

Adam Levin

DECEMBER 27, 2019

We will also see better backup practices that will help minimize or neutralize the threat of these attacks. . Unfortunately, many are not secure because they are protected by nothing more than manufacturer default passwords readily available online. You’re going to have personal cyber insurance. The cloud will leak.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100

SecureWorld News

MAY 12, 2020

If the law firm had cyber insurance, the policy may cover part of a ransom payment. When Florida cities paid more than a million dollars to ransomware operators in 2019, insurance covered most of it. The company says we're not going to pay the ransom, or we've got the backups.

Ransomware 96

Ransomware Insurance Backups Passwords 96