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Don’t Wanna Pay Ransom Gangs? Test Your Backups.

Krebs on Security

Browse the comments on virtually any story about a ransomware attack and you will almost surely encounter the view that the victim organization could have avoided paying their extortionists if only they’d had proper data backups. “It can be [that they] have 50 petabytes of backups … but it’s in a … facility 30 miles away.…

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Ransomware Bites Dental Data Backup Firm

Krebs on Security

PerCSoft , a Wisconsin-based company that manages a remote data backup service relied upon by hundreds of dental offices across the country, is struggling to restore access to client systems after falling victim to a ransomware attack. Cloud data and backup services are a prime target of cybercriminals who deploy ransomware.

Backups 271
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Cyber Insurance Premiums Are Declining Worldwide as Businesses Improve Security, Howden Insurance Broker Report Finds

Tech Republic Security

Rates have declined by 15% since the market peak in 2022, according to Howden Insurance Brokers.

Insurance 190
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2023 Predictions for Storage and Backup Ransomware

CyberSecurity Insiders

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.

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Anti-Ransomware Company Exagrid Pays $2.6 Million Ransom

Adam Levin

You would think that ExaGrid, a backup appliance and anti-ransomware service might know how to avoid ransomware, but it was hit. . Manage the damage: Plan ahead in the event of a successful cyberattack and have a cyber liability insurance plan to help offset the costs. . The post Anti-Ransomware Company Exagrid Pays $2.6

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Scant evidence that cyber insurance boom is leading to better security

SC Magazine

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

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New Ransom Payment Schemes Target Executives, Telemedicine

Krebs on Security

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? ” . ”