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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected. Lessons Learned.

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Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

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Multiple schools hit by Vice Society ransomware attack

Malwarebytes

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.

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Discover 2022’s Nastiest Malware

Webroot

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 61
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One of ransomware’s top negotiators would rather you not have to hire him

SC Magazine

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.

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

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.