Duo's Security Blog

DECEMBER 7, 2022

Much has been published about how the demand — and subsequent cost — for cyber liability insurance has skyrocketed in line with increasing incidents of cyberattacks. But what are the risks with this approach? Of course, insurance cover is not the only measure that can be taken.

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Insurance Cyber Insurance Ransomware Risk 75

Adam Levin

JUNE 4, 2021

You would think that ExaGrid, a backup appliance and anti-ransomware service might know how to avoid ransomware, but it was hit. . Practice the 3Ms: Minimize your risk of exposure: Don’t take unnecessary risks and invest in cyber defenses and education.

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Ransomware Backups Insurance Healthcare 289

The Hacker News

FEBRUARY 14, 2023

From a cyber risk perspective, attacks on data are the most prominent threat to organizations. Regulators, cyber insurance firms, and auditors are paying much closer attention to the integrity, resilience, and recoverability of organization data – as well as

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Cyber Insurance Backups CISO Insurance 73

SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

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Cyber Insurance Insurance Ransomware Cyber Attacks 54

CyberSecurity Insiders

OCTOBER 23, 2021

The report provides an inside look at the insights and tools used by risk managers, IT departments, security researchers, and solution providers to hone their offerings and approaches to keeping organizations safe from evolving cyber threats. “By Ransomware claims and costs.

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Insurance Cyber Risk Technology Ransomware 59

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

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Cyber Insurance Insurance Government Cyber Risk 227

CyberSecurity Insiders

JUNE 3, 2022

Healthcare providers are opting to pay a ransom in the event of ransomware attacks, instead of recovering it from data backups. And even if they take such companies undercover, they exclude data breaches from their insurance backup as it involves a lot of risks that do not qualify in equilibrium with the payment made to the policy.

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Healthcare Ransomware Insurance Backups 120

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. Encrypting sensitive data wherever possible. ” . ”

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Healthcare Backups Ransomware Insurance 257

SecureWorld News

SEPTEMBER 5, 2023

In a recent revelation, security researcher Jeremiah Fowler uncovered a significant data leak affecting one of the United States' largest health insurance companies, Cigna Health. The exposed database offered a unique glimpse into the operations of Cigna Health, one of the nation's largest health insurance providers.

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Backups Insurance Healthcare Data breaches 87

CyberSecurity Insiders

SEPTEMBER 20, 2021

Encryption and data backup. In addition, regularly changing your password and using different passwords for all your online accounts will lower your risk of being compromised. Invest in cybersecurity insurance. Cybersecurity insurance involves the transfer of financial risk that may arise from doing business online.

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Cybersecurity Insurance Passwords Encryption 121

Spinone

DECEMBER 8, 2016

What is G Suite Security Insurance? There are many G Suite security risks. G Suite security insurance removes and mitigates major risks of malware attacks and imposes those on the insurance company. Many small businesses rely on manual backup practices such as nightly backups to external storage media.

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Insurance Small Business Backups Cyber Insurance 40

eSecurity Planet

JANUARY 12, 2021

Protecting your organization from IT security risks is an ongoing, fluid task. As a savvy tech leader, you are likely hyperfocused on performing security risk audits to keep your networks strong and protected. Components of Security Risk Assessments. Data backups. Cybersecurity preparedness/ insurance.

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Risk Penetration Testing Cyber Risk Cyber Attacks 70

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.

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CyberSecurity Insiders

JUNE 1, 2023

Information such as social security numbers, dates of birth, insurance details, and payment card information can fetch considerable sums, depending on the authenticity and novelty of the sourced data. Law enforcement agencies worldwide have been intensifying their efforts to apprehend notorious ransomware gangs.

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Ransomware Healthcare Insurance Backups 107

CyberSecurity Insiders

OCTOBER 20, 2021

The only saving grace was that the city had invested in both on-premise and cloud backups. On the business side, the plan should address elements such as having a communication plan for the CISO, CIO and company executives as well as a risk management component that includes cyber insurance. Backup Strategy. The Attack.

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Ransomware Backups Insurance Cyber Insurance 111

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.

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Cyber Insurance Insurance Backups Ransomware 71

eSecurity Planet

JULY 8, 2022

With a cyberattack, it’s more than just data that needs protecting—at risk is really the entire physical infrastructure from applications and operating systems down to low-level firmware and BIOS. This type of backup and DR technology offers RPOs measured in hours. See the Best Backup Solutions for Ransomware Protection.

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Backups Ransomware Technology Marketing 142

SecureWorld News

JANUARY 21, 2024

Additionally, nonprofits must be aware of the risks posed by inadequate security in third-party services they use, such as fundraising platforms and email services. Financial risks and consequences Various cyberattacks on nonprofits can lead to direct financial losses through stolen funds or ransom demands.

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Cybersecurity Backups Cyber threats Software 86

Webroot

AUGUST 27, 2021

“ The immediate physical and business risks posed by ransomware are compounded by the broader societal impact of the billions of dollars steered into criminal enterprises, funds that may be used for the proliferation of weapons of mass destruction, human trafficking, and other virulent global criminal activity.

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Ransomware Backups Antivirus Security Awareness 137

Spinone

NOVEMBER 20, 2018

In traditional on-site backup systems security is mainly a physical concern – ensuring data is backed up in more than one location in case of hardware loss or failure and restricting access to the physical backup media to only trusted employees. In cloud backup, security concerns are different.

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CyberSecurity Insiders

MAY 17, 2023

This can include measures such as firewalls , antivirus, access management and data backup policies, etc. Health Insurance Portability and Accountability Act (HIPAA) HIPAA is a U.S. It applies to healthcare providers, insurance companies, and other organizations that handle PHI. National Institute of Standards and Technology.

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Cybersecurity Risk Insurance Firewall 124

Security Affairs

JANUARY 17, 2022

.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

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Big data Financial Services Retail Insurance 107

Security Boulevard

JUNE 23, 2022

In just a few years, cyber has transformed from the nerd in the corner into the Kim Kardashian of risk. businesses can be built on, and destroyed by, cyber risk. Then give them clear guidance on how quickly you want these addressed and what level of risk you can live with. 9 Challenge Risk Transfer Strategies.

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Insurance Cyber Risk CISO Cyber Insurance 52

SecureWorld News

AUGUST 18, 2020

Ransomware attacks: another argument for cyber insurance? Business interruption, loss of revenue and reputational damages are all financial burdens that cyber insurance can provide relief for. Partnering with a trusted insurance carrier with dedicated cybersecurity expertise is a must.". And number one is cyber insurance.

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Security Affairs

OCTOBER 8, 2020

The availability of the data on the dark web could pose organizations to serious risk, threat actors could use this data to carry out multiple malicious attacks. Cybersecurity researchers from Cyble have found a threat actor sharing leaked data of Airlink International UAE for free on two platforms on the dark web.

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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. Number one, we're going to want to think about the viability of the backups? Not only do we have backups but also have we tested them? Can we restore from these backups?

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Cyber Insurance Insurance Ransomware Backups 53

Malwarebytes

FEBRUARY 19, 2023

The full scope of the costs and related impacts of this incident, including the extent to which the company’s cybersecurity insurance may offset some of these costs, has not been determined. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. Write an incident response plan.

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Ransomware Backups Manufacturing Marketing 90

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. Backup your data. Backups are the last line of defence against an attack that encrypts your data. Backups are not a defence against attackers that steal and leak the data.

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Ransomware Backups Education VPN 77

Spinone

DECEMBER 26, 2018

In this article we will learn how to address and effectively respond to major enterprise cybersecurity threats and provide tips to mitigate IT security risk. Be On Your Guard with the Most Treacherous Insider Roles A paramount priority when addressing the threat is to distinguish the fundamental insider risks.

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Security Awareness Risk Cyber threats Cyber Risk 40

eSecurity Planet

OCTOBER 5, 2021

Data backup. The first is high-integrity, air-gapped data backups , which is the quickest and cheapest way to recover from an attack. Determines the initial vector of infection, where your current data backups are, and the sensitivity of encrypted files. Digital forensics for insurance, medical, legal, and Fortune 500 companies.

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Ransomware Backups Encryption Insurance 139

Malwarebytes

AUGUST 28, 2023

million people's personal data may be at risk, after the company suffered a ransomware attack earlier in the year. Create offsite, offline backups. Keep backups offsite and offline, beyond the reach of attackers. An organisation that provides home delivery meals has revealed that around 1.2 Don’t get attacked twice.

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Data breaches Ransomware Identity Theft Backups 68

IT Security Guru

NOVEMBER 29, 2022

Usually, any profit-making business is constantly exposed to several risks that can cause massive losses or total collapse of the organization. To protect themselves, it is paramount that businesses can identify the risk that can wipe out the organization’s income. Typical Security And Safety Risks For A Business.

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SecureWorld News

SEPTEMBER 23, 2021

His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. The latest estimates are around 20% of actual ransomware instances get reported to law enforcement or insurance or regulators," Sheridan said. The evolution of the Secret Service.

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Ransomware Cyber Insurance Insurance Government 65

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. Description. Staff Awareness.

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Malwarebytes

SEPTEMBER 30, 2022

And a key part of building out any cybersecurity policy for your local government is to develop an organizational understanding of risk to systems, people, data, and so on. Take cyber insurance , for example. Also delivered free of charge by the NCATS team. Adopt the fundamentals. Baltimore learned this the hard way. (An

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Government Cybersecurity Cyber Insurance Insurance 59

eSecurity Planet

JUNE 16, 2022

This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, is exponentially larger than the damage inflicted from natural disasters in a year, and will be more profitable than the global trade of all major illegal drugs combined,” the report warned. Backup and encryption.

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Cisco Security

OCTOBER 18, 2021

About 15 years ago, the idiom began to be applied to cybersecurity, where the risk management continuum values the investment in protection to mitigate the negative consequences of a cyber incident. We can never eliminate risk entirely, but we can manage it effectively with “Left of Boom” processes and procedures.

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