Centraleyes

JUNE 26, 2025

Australia’s national cybercrime agency says the self-reported average cost of an incident fell 8 % year-on-year, with a double-digit drop among large enterprises. Those reforms appear to be nudging key metrics in the right direction. Centraleyes is not affiliated with the Commvault study.)

Cyber Insurance 52

Cyber Insurance Insurance Backups Healthcare 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. This is likely because threat actors perceive US-based organizations to be more financially capable of paying ransoms due to well-developed cyber insurance.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

SecureWorld News

DECEMBER 27, 2024

Many related efforts, like the World Economic Forum Cybercrime Atlas initiative, of which Fortinet is a founding member, are already underway, and we anticipate that more collaborative initiatives will emerge to meaningfully disrupt cybercrime. " While resistance is important, recovery is paramount.

Cybersecurity 123

Cybersecurity CISO Risk Government 123

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 127

Cyber Risk Risk Cyber Insurance Small Business 127

CyberSecurity Insiders

JANUARY 6, 2023

Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. And backup and storage systems are rife with unpatched CVEs. Slow Gains on Storage and Backup Security. Make it extremely difficult to tamper with backups and exfiltrate data.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

Krebs on Security

DECEMBER 8, 2022

The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver. As noted in last year’s story Don’t Wanna Pay Ransom Gangs? ” . ”

Healthcare 348

Healthcare Backups Ransomware Insurance 348

Malwarebytes

APRIL 27, 2022

You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Some folks think the mere presence of insurance simply encourages more attacks , and is hurting more than it’s helping. Personal insurance plans are slowly becoming a more visible and talked about topic.

Cyber Insurance 95

Cyber Insurance Insurance Backups Cryptocurrency 95

Security Affairs

AUGUST 20, 2024

Toyota has confirmed a data breach after a threat actor leaked 240GB of data stolen from its infrastructure on a cybercrime forum. Toyota disclosed a data breach after a threat actor leaked an archive of 240GB of data stolen from its systems on a cybercrime forum, BleepingComputer reported.

Data breaches 123

Data breaches Cybercrime Financial Services Hacking 123

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

Insurance 98

Insurance Ransomware Cyber Insurance Malware 98

Krebs on Security

DECEMBER 29, 2022

Here’s a look at some of the more notable cybercrime stories from the past year, as covered by KrebsOnSecurity and elsewhere. 24, Russia invades Ukraine, and fault lines quickly begin to appear in the cybercrime underground. I will also continue to post on LinkedIn about new stories in 2023.

Cryptocurrency 331

Cryptocurrency Cybercrime Computers and Electronics Scams 331

Security Affairs

JUNE 18, 2024

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers.

Ransomware 143

Ransomware Cryptocurrency Insurance Cybercrime 143

CyberSecurity Insiders

SEPTEMBER 20, 2021

Encryption and data backup. Invest in cybersecurity insurance. Cybersecurity insurance involves the transfer of financial risk that may arise from doing business online. Due to the fluctuating nature of cybersecurity risks, these insurance policies keep changing.

Cybersecurity 121

Cybersecurity Insurance Passwords Encryption 121

Security Affairs

AUGUST 21, 2020

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.

Ransomware 145

Ransomware Cyber Insurance Insurance Advertising 145

SecureList

JUNE 26, 2023

Scammers trying to hack the work account of an insurance company employee Below, we provide several examples of phishing pages that imitate various services in an attempt to get hold of the target company’s data and money. Make regular backups of essential data to ensure that corporate information stays safe in an emergency.

Cybercrime 118

Cybercrime Phishing Banking Malware 118

Security Affairs

MAY 12, 2024

In December 2023, Elliptic and Corvus Insurance published a joint research that revealed the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, cybercrime) ” reads the CSA.

Ransomware 144

Ransomware Hacking Healthcare Cybercrime 144

Webroot

SEPTEMBER 24, 2024

Nation-states are teaming up with cybercrime gangs Cybercrime is no longer just about lone hackers. Now, nation-states like Russia and China are working with organized cybercrime groups to launch highly targeted attacks on businesses, governments, and even individuals. on an external drive or in the cloud.

Cyber threats 116

Cyber threats Small Business Scams Cybercrime 116

CyberSecurity Insiders

SEPTEMBER 16, 2022

Every nation analyzed the trends of cybercrime as apprehensions rose. If law enforcement does not attempt to match cybercrime’s rapid rise in popularity, criminals will continue to get away with their actions. Take the medical and science sectors during the pandemic, for example — this event made them relevant targets for cybercrime.

Cybercrime 134

Cybercrime Identity Theft Government Technology 134

Security Affairs

SEPTEMBER 8, 2024

Head Mare hacktivist group targets Russia and Belarus Zyxel fixed critical OS command injection flaw in multiple routers VMware fixed a code execution flaw in Fusion hypervisor U.S.

Data breaches 128

Data breaches Artificial Intelligence Social Engineering Hacking 128

Security Affairs

JULY 15, 2019

The Ryuk virus got into the backup servers.” ” It seems that $100,000 out of $130,000 are being covered by insurance. . “La Porte County paid the ransom on a cyber attack that locked up part of the government’s computer system.

Insurance 103

Insurance Ransomware Government Malware 103

The Last Watchdog

DECEMBER 12, 2023

Focus on implementing robust backup and disaster recovery plans, user training, and the sharing of threat intelligence. Camellia Chan , Co-Founder and CEO, Flexxon Chan In a single month, major breaches hit MGM, DP World Australia, Philippine Health Insurance – just to name a few.

Cybersecurity 258

Cybersecurity Social Engineering Cyber threats Phishing 258

SecureWorld News

DECEMBER 2, 2020

We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. The company is not saying but they know who it was and evaluated that cybercrime group's track record before paying. Number one, we're going to want to think about the viability of the backups?

Cyber Insurance 71

Cyber Insurance Insurance Ransomware Backups 71

SecureWorld News

SEPTEMBER 23, 2021

This ranges from Secret Service agents discussing elements of cyber hygiene with those they protect to tracking down cybercrime fugitives. The latest estimates are around 20% of actual ransomware instances get reported to law enforcement or insurance or regulators," Sheridan said. Cyberattacks now fall into its jurisdiction.

Ransomware 96

Ransomware Cyber Insurance Insurance Government 96

Security Affairs

JANUARY 3, 2022

CNA Financial (March 2021) – CNA Financial, one of the largest insurance companies in the US, reportedly paid a $40 ransom to restore access to its files following a ransomware attack that took place in March. Because the tool was too slow, the company used its backups to restore the systems.

Cyber Attacks 143

Cyber Attacks Ransomware Insurance Hacking 143

Security Affairs

OCTOBER 22, 2022

US government agencies warned that the Daixin Team cybercrime group is actively targeting the U.S. CISA, the FBI, and the Department of Health and Human Services (HHS) warned that the Daixin Team cybercrime group is actively targeting U.S. Healthcare and Public Health sector with ransomware.

Ransomware 82

Ransomware VPN Cybercrime Accountability 82

Security Affairs

JUNE 17, 2020

MaxLinear restored some of the systems using its backups, despite Maze Ransomware threatened to leak over 1TB of data allegedly stolen before encrypting the infected systems. “We carry cybersecurity insurance, subject to applicable deductibles and policy limits. ” states the SEC filing.

Ransomware 128

Ransomware Data breaches Advertising Insurance 128

Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. 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. Backup your data.

Ransomware 94

Ransomware Backups Education Cyber Insurance 94

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. Offline Backups. Screenshot example. Version restores.

Ransomware 97

Ransomware Backups Encryption Software 97

Malwarebytes

MAY 16, 2023

The incident was noticed on March 14, and a week later PharMerica identified that the personal information accessed included names, dates of birth, Social Security numbers, medication lists and health insurance information. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers.

Identity Theft 97

Identity Theft Data breaches Ransomware Passwords 97

eSecurity Planet

MAY 30, 2024

Exposed Technical Issues & Other Consequences The initial information exposes the critical importance of using MFA to protect remote access systems and testing backup systems for disaster recovery. Companies should also use free tools available to them.

Healthcare 123

Healthcare Cybersecurity Backups Ransomware 123

SecureWorld News

SEPTEMBER 14, 2021

This is also true for victims of cybercrimes, too. They followed the FBI’s advice to not pay the hackers and restored their system from backups they had kept for such an emergency. This example might seem extreme, but for some parents this exact scenario played out after hackers managed to steal their child’s data.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Backups 98

Webroot

SEPTEMBER 27, 2024

Nation-states are teaming up with cybercrime gangs Cybercrime is no longer just about lone hackers. Now, nation-states like Russia and China are working with organized cybercrime groups to launch highly targeted attacks on businesses, governments, and even individuals. on an external drive or in the cloud.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

eSecurity Planet

SEPTEMBER 14, 2022

Cybercrime is a growth industry like no other. Finance and insurance finished a close second at 22.4%. Finance and insurance companies were particularly vulnerable to the sort of phishing scams we’re talking about. In 2021 alone, IC3 received 847,376 complaints which amounted to $6.9 billion in reported losses.

Social Engineering 120

Social Engineering Energy and Utilities Phishing Scams 120

SecureWorld News

AUGUST 31, 2020

Athens ISD does have insurance coverage for cyberattacks and a claim is being processed. "We There's a lot of extradition issues with countries, so cybercrime has really grown. During an emergency Athens ISD board of trustees meeting Wednesday, the board voted to pay the ransom amount of $50,000 in cryptocurrency.

Ransomware 98

Ransomware Cryptocurrency Technology Insurance 98

Responsible Cyber

APRIL 8, 2020

As cybercrime has become well-funded and increasingly sophisticated, phishing remains one of the most effective methods used by criminals to introduce malware into businesses. Businesses must also ensure they have secure backups of their critical data. Phishing and Spear Phishing. Lack of Cybersecurity Knowledge.

Cybersecurity 98

Cybersecurity DDOS Small Business Phishing 98

SecureWorld News

JULY 7, 2022

While large and active Ransomware-as-a-Service (RaaS) gangs like Conti, LockBit, and BlackCat always make headlines with their operations, it's important to learn about smaller ransomware families, as they can provide insight and help us understand more about cybercrime gangs as a whole. What is North Korea up to?

Healthcare 98

Healthcare Ransomware Encryption Government 98

Thales Cloud Protection & Licensing

AUGUST 11, 2021

Even the most critical damages caused by ransomware are repairable as long as you have a solid backup strategy. Successful attacks against high-profile organizations propel this cybercrime model the most. Ransomware incidents covered by cyber insurance policies.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

SecureList

MAY 8, 2024

In early 2023, France implemented a law that conditioned insurance coverage on the prompt reporting of cybersecurity incidents. As officials discuss counter-ransomware measures and law authorities around the globe link up to combat cybercrime, ransomware operations are becoming increasingly fragmented.

Ransomware 123

Ransomware Encryption Small Business Cybersecurity 123