eSecurity Planet

OCTOBER 18, 2022

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.

Ransomware 145

Ransomware Encryption Insurance Backups 145

Webroot

SEPTEMBER 24, 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.) Practical security tips for SMBs and consumers The report emphasizes simple yet effective security measures that can protect both businesses and individuals from cyber threats.

Cyber threats 116

Cyber threats Small Business Scams Cybercrime 116

Security Affairs

JUNE 18, 2024

Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers. Even if the ransom is not paid, the costs associated with restoring data from backups and strengthening security can be substantial.

Ransomware 142

Ransomware Cryptocurrency Insurance Cybercrime 142

eSecurity Planet

FEBRUARY 16, 2021

With vulnerabilities rooted in unsuspecting users, the task of preventing these attacks means both staff training and a robust email and network security system that includes a strong backup program so you have a recent copy of your data that you can roll back to. Also Read: Best Encryption Tools & Software for 2021. Zero Trust.

Ransomware 97

Ransomware Backups Software Encryption 97

Duo's Security Blog

DECEMBER 7, 2022

The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. What are you doing about backups? How are you protecting your endpoints? Are all of your network ports closed?”

Insurance 98

Insurance Cyber Insurance Ransomware Risk 98

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. It's also important to be picky when it comes to software purchases since things like using invoice financing platforms with weak security can override any internal security efforts you've already undertaken.

Cybersecurity 104

Cybersecurity Backups Cyber threats Software 104

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.

Malware 89

Malware Antivirus DDOS Cyber Insurance 89

Malwarebytes

NOVEMBER 15, 2023

Use endpoint security software that can prevent exploits and malware used to deliver ransomware. Deploy Endpoint Detection and Response software like Malwarebytes EDR that uses multiple different detection techniques to identify ransomware, and ransomware rollback to restore damaged system files. Create offsite, offline backups.

Ransomware 120

Ransomware Education Backups Cyber Insurance 120

eSecurity Planet

APRIL 6, 2023

Ransomware attacks followed on Ireland’s Health Service Executive System and meat processing giant JBS Foods, and then in July 2021, IT service management company Kaseya had a number of its downstream customers targeted by ransomware in a software supply chain attack. But make sure you manage the encryption keys well.

Ransomware 98

Ransomware Backups Encryption Malware 98

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. Enterprises should prioritize patching software and adopt a risk-based approach, focusing on vulnerabilities with the greatest potential impact.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

CyberSecurity Insiders

OCTOBER 24, 2022

Amongst other things, the Albuquerque attack illustrates the importance of dispersing critical services amongst multiple systems, providers, or software, even if doing so disparately is inconvenient. Cyber insurance. Often, educational institutions see cyber insurance as a needless expense. Until they need it.

Education 58

Education Cyber Attacks Cyber Insurance Insurance 58

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. End use of unsupported/end of life software and hardware that are accessible from the Internet. Baltimore learned this the hard way.

Government 71

Government Cybersecurity Cyber Insurance Insurance 71

Malwarebytes

OCTOBER 19, 2022

Criminals often break into computers by exploiting known flaws in the software they’re running (you can think of this like jimmying a broken lock). Make offsite, offline backups. To make this possible you’ll need comprehensive, recently tested, backups that are both offline and offsite, beyond the reach of your attackers.

Passwords 89

Passwords Ransomware Backups Cyber Insurance 89

Malwarebytes

JULY 27, 2022

Choose an effective and easy-to-use Endpoint Detection and Response (EDR) software. How do you restore from backups , and what backups are most important to restore from first? Do you have resources that can help you , such as law enforcement agencies or a cyber insurance firm?

Ransomware 87

Ransomware Backups Penetration Testing Cyber Insurance 87

Centraleyes

JUNE 11, 2024

Update and Upgrade Software Apply all available software updates promptly to address known vulnerabilities. Additionally, ensure that updates are authentic and delivered over secure channels to maintain the integrity of software installations. Wherever possible, use automation technology to streamline the patching process.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

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

Cytelligence

JANUARY 27, 2020

Effectiveness of data backup strategies. Inherent software bugs within the ransomware variant used in certain attacks. Criminal programmers are also competing among themselves by attempting to create a more effective software that offers: Automation capabilities to increase the scope of impact. Ransomware in 2019 .

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

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.) Practical security tips for SMBs and consumers The report emphasizes simple yet effective security measures that can protect both businesses and individuals from cyber threats.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

Digital Shadows

JANUARY 14, 2025

Take Action ReliaQuest customers can use hunt packages like Remote Monitoring & Management (RMM) Software | Windows Service Installation to assess the scope of RMM software in their environment and detect malicious use for backdoors or data exfiltration.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

Security Boulevard

JUNE 2, 2022

Keep software and training up to date. Apply software security patches and conduct regular security awareness employee training to reduce vulnerabilities that can be exploited by cybercriminals. Prevent exfiltration of sensitive information with trust-based data loss prevention tools and policies to thwart double-extortion techniques.

Ransomware 105

Ransomware Architecture Manufacturing Encryption 105

NetSpi Executives

APRIL 27, 2024

Malicious software developers provide ready-made malware to criminal groups who already have access to environments or the ability break in. 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.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

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

Spinone

OCTOBER 13, 2020

In this post, we will take a look at ransomware trends, costs, targets, and ransomware prevention software. As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working. 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. Enterprises should prioritize patching software and adopt a risk-based approach, focusing on vulnerabilities with the greatest potential impact.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Security Boulevard

MAY 17, 2023

His name is Omar Masri and he's a software engineer and also the founder and CEO of Mamari.io, which helps businesses overcome the cost and complexities of cybersecurity, preventing attacks while meeting compliance and cyber insurance requirements. You got hacked, you’re sort of just paid, your insurance covered it.

Hacking 52

Hacking Insurance Small Business Cybersecurity 52

Centraleyes

MARCH 19, 2024

Key benefits include shorter downtimes, reduced recovery costs, lower cyber insurance, and fewer fines in heavily regulated sectors. This includes hardware, software, IT infrastructure, and data essential for business operations. How Do Disaster Recovery Plans Work? Effective DRPs are developed alongside strong BCPs and IRPs.

Risk 52

Risk Backups Technology Cyber threats 52

eSecurity Planet

OCTOBER 5, 2021

An organization must: Prepare a good backup policy and procedure. Many of us ignore the embedded options and features of our current operating systems and software that can significantly reduce the effectiveness of attacks. Is the attack small enough that we do not need to file a cyber insurance claim?

Ransomware 131

Ransomware Backups Insurance Cyber Insurance 131

Thales Cloud Protection & Licensing

MAY 9, 2022

Cyber insurance coverage ramps up. There is also huge debate around cyber insurance and whether it is fit for purpose. Cyber insurance is designed to help protect organizations against the fallout from cyber-attacks, including covering the financial costs of paying out ransomware demands and dealing with incidents.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

eSecurity Planet

OCTOBER 18, 2021

” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out.

Ransomware 104

Ransomware Cyber Insurance Insurance Digital transformation 104

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.

Cyber Insurance 309

Cyber Insurance Insurance Government Cyber Risk 309

Cisco Security

MARCH 22, 2022

Put controls in place to secure the supply chain, and require a software bill of materials (SBOM) from suppliers. Backup all critical data at least daily. Cyber insurance is not the answer! Bruce also highlights several Frameworks that offer great guidance to make your cyber decisions.

Cyber Insurance 98

Cyber Insurance Authentication Insurance Cyber Risk 98

ForAllSecure

MAY 30, 2023

Obviously, organizations gotten smart to that and they started doing offline backups securing their backups differently, so that they would continue to have access and availability. And it became clear that Conti was a large and otherwise well functioning criminal organization. By no means. VAMOSI: Should you pay?

Ransomware 40

Ransomware Encryption Authentication Backups 40

Duo's Security Blog

JULY 6, 2021

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!

Government 144

Government Backups Architecture Encryption 144

SecureWorld News

MARCH 5, 2025

Well this forces me to pivot to software-defined security, tighten third-party vendor audits, and monitor for APTs exploiting trade-driven disruptions. The domains of cybersecurity, cybercrime investigations, and cyber insurance will all be impacted. These tariffs will create real cyber risks.

Cyber Risk 117

Cyber Risk Risk Small Business Cyber Insurance 117

Krebs on Security

MARCH 4, 2022

.” Another organizational unit within Conti with its own budget allocations — called the “ Reversers ” — was responsible for finding and exploiting new security vulnerabilities in widely used hardware, software and cloud-based services. “The beta is already online, you can officially download and work.”

Ransomware 246

Ransomware Insurance Cyber Insurance Accountability 246

Adam Levin

MARCH 2, 2020

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. Phishing attacks, unpatched software vulnerabilities, and ransomware attacks all amount to an exercise of futility. Don’t be the next Heritage Company.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215