Duo's Security Blog

OCTOBER 18, 2021

We need to work with many different teammates on campus — risk management, legal, compliance and institutional review boards, to name a few — to effectively manage cybersecurity risk across our communities. In a recent Duo blog post, we gave an overview of cyber liability insurance.

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eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

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Security Boulevard

NOVEMBER 12, 2021

Recent ransomware attacks have dominated the headlines this year. Predictions estimate that the financial impact caused by ransomware could reach $265 billion globally by 2031. The post Are Cyber Insurers Cybersecurity’s New Enforcers? The average ransom payment made by a business to.

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Security Boulevard

JUNE 1, 2022

cyber insurance carriers in 2021 rose 92% year-over-year, largely in response to a surge in ransomware. Cyber risk insurers are also declining coverage to companies with substandard cybersecurity controls, as well as changing the fine print for sublimits to reduce coverage for types of losses one by one.

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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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SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

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SC Magazine

JULY 14, 2021

New research finds that ransomware atracks have grabbed the attention of leaders across business sectors. A new Cybereason survey found that more than four out of five respondents from various business sectors – some 81% – said they are “highly” or “very concerned” about the risk of ransomware attacks. in 2020 alone.

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The Security Ledger

JULY 22, 2020

In this Spotlight podcast* we’re joined by Andrew Jaquith, the CISO at QOMPLX to talk about how the COVID pandemic is highlighting longstanding problems with cyber risk management and cyber resilience. We also talk about how better instrumenting of information security can help companies get a grip on fast-evolving cyber risks like.

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SecureWorld News

OCTOBER 20, 2021

Cyberrisk is business risk. But how should we communicate this risk to the business, to clients, or to investors? Accenture annual report: risks we face from cyberattacks. However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack.

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SecureWorld News

OCTOBER 18, 2022

But SecureWorld did just that on October 13th when we spoke with Theresa Payton on the topic of "Ransomware: Malware as an Ongoing Email Issue." Payton was joined by Abnormal Security CISO Mike Britton. Why is ransomware a popular attack method? Payton said it's still prominent simply "because it works for ransomware syndicates.

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Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyber insurance premiums higher. Many insurance companies spend more time evaluating claims to ensure the clients have done all the due diligence.

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CyberSecurity Insiders

OCTOBER 20, 2021

Okumu lived through the ransomware attack on the City of Baltimore in 2018, which affected 90% of the municipality’s applications. As the then-director of IT infrastructure for the city, he learned a lot of valuable lessons about defending against and recovering from a ransomware attack. It had started sometime between 4 a.m.

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SC Magazine

MARCH 30, 2021

About Tim Callahan: Tim Callahan joined Aflac in 2014, bringing more than 30 years of experience in information and physical security, business resiliency and risk management. CISOs must have a firm grasp on essential security principles and requisite capabilities, while also being creative in how those are met in various environments.

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SecureWorld News

FEBRUARY 29, 2024

Change Healthcare, a major provider of IT services to hospitals, continues to battle the BlackCat ransomware syndicate. The FBI and CISA have labeled BlackCat one of the most prolific and damaging ransomware groups currently active. BlackCat had established itself as a formidable player in the ransomware landscape. authorities.

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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. 2 Talk to your CISO. What’s stopping them?

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SC Magazine

JULY 9, 2021

Deputy National Security Advisor for Cyber and Emerging Technology Anne Neuberger, who advised them on the current ransomware epidemic and requested that city leaders “convene heads of state agencies to review their cybersecurity posture and continuity plans,” according to a White House press release. Members of the U.S.

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Security Boulevard

MAY 24, 2021

commercial and casualty insurance companies, reportedly met a $40 million ransom demand after suffering a ransomware infection earlier in the year. As of this writing, that’s the largest ransom demand ever reported to have been paid by a company following a ransomware attack. CNA, one of the largest U.S.

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BH Consulting

NOVEMBER 15, 2022

Éireann Leverett, CTO of Concinnity Risks, whose talk closed the conference, aimed to hit a similarly optimistic note. He analysed ten years of ransomware and found the problem, in terms of volume and frequency, was in 2014. “So Ransomware: don’t pay later. He also warned against using insurance payouts to cover losses.

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Security Boulevard

JUNE 15, 2021

Ransomware attacks have continued to make headlines, and for good reason: on average, there is a new ransomware attack every 11 seconds, and the losses to organizations from ransomware attacks is projected to reach $20 billion over the course of 2021 following a record increase in losses of more than 225% in 2020.

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SecureWorld News

MARCH 30, 2023

World Backup Day is an annual celebration held by the backup technology industry to encourage people to back up their data and avoid the risk of losing it forever. But similar to an insurance policy, this additional financial expense is disproportionate to the devastating consequences of a total failure.

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Duo's Security Blog

MAY 23, 2023

Immediately let the IT or security team know of a potential credential compromise According to the OAIC, a key objective of the Notifiable Data Breaches (NDB) scheme is to protect individuals by enabling them to respond quickly to a data breach to mitigate the risk of harm. Will we ever get rid of passwords completely? Likely not immediately.

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Malwarebytes

SEPTEMBER 30, 2022

Build a playbook for ransomware response and recovery. 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. Table of Contents. Adopt the fundamentals. Partner up!

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Security Boulevard

SEPTEMBER 19, 2022

Most organizations develop three to five-year phasing plans for most IT and cyber products to align with the manufacturer’s end-of-development, end-of-support, and end-of-life product life cycles and keep up with the latest security risks. Threat modeling (Risk management, vulnerability, and penetration testing).

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SecureWorld News

OCTOBER 19, 2023

Increased risk of cyberattacks The rising cost of living can lead to an increase in cybercrime, as people become more desperate to make money. I think it requires taking a step back and assessing what you can do with less," said Chris Roberts, CISO and Senior Director at Boom Supersonic. This is more critical now than it's ever been."

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McAfee

JUNE 17, 2021

Imagine if you had one place where you found a comprehensive real time security posture that tells you exactly where the looming current cyber risks are and the impact? Take, for example, the May 7th DarkSide ransomware attack that shut down Colonial Pipeline’s distribution network. Risk and Posture. Risk and Posture.

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Security Boulevard

JANUARY 18, 2024

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. For those interested in a better understanding of the oncoming risks, this is the information you are looking for. It can feel like crossing a major highway while blindfolded. Many never see the catastrophe about to happen, until it occurs.

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CyberSecurity Insiders

JULY 19, 2022

million patients have been exposed to a ransomware infection after a Colorado-based debt collection firm serving hundreds of medical facilities and hospitals across America was breached. PFC said in some cases, SSNs and information about health insurance and medical treatment were also stolen. More than 1.9

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DoublePulsar

DECEMBER 3, 2023

What it means — CitrixBleed ransomware group woes grow as over 60 credit unions, hospitals, financial services and more breached in US. This Fedcomp platform was not patched for CitrixBleed, as no Netscaler patches had been applied since May 2023: [link] A ransomware group gained entry to Trellance via Ongoing Operations.

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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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SecureWorld News

OCTOBER 8, 2021

Reporting a data breach can be a very difficult decision for CISOs and executives. And one of the biggest challenges we have: It's well known that the ransomware crimes that occur, even those that we know, are vastly underreported.

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NetSpi Executives

OCTOBER 17, 2023

This includes the provision of post-market updates and patches, addressing known unacceptable vulnerabilities on a reasonable schedule and addressing critical vulnerabilities that could pose uncontrolled risks as soon as they are discovered. Additionally, the requirements expand government involvement in this sector.

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SC Magazine

JULY 1, 2021

This creates a major gap in security awareness, considering the 65,000 ransomware attacks deployed in the U.S. But even advanced tools can’t tell you who owns it – or what it means to the organization in terms of risk.”. In health care, ransomware and data breaches frequently receive the most media attention.

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eSecurity Planet

NOVEMBER 10, 2021

Table stakes, according to respondents, include real-time threat management (76 percent), secure remote access (67 percent), a ransomware kill switch (62 percent), and zero-touch deployment (57 percent). So I assume that it’s perceived as an operational or business risk to them.” Telcos Falling Behind.

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Krebs on Security

DECEMBER 13, 2021

The consulting firm PricewaterhouseCoopers recently published lessons learned from the disruptive and costly ransomware attack in May 2021 on Ireland’s public health system. The unusually candid post-mortem found that nearly two months elapsed between the initial intrusion and the launching of the ransomware.

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SecureWorld News

NOVEMBER 30, 2020

Pivoting to cloud: "I do think that cloud adoption is a pivotal part of our journey, but cloud carries some significant risks. Protecting your cloud data from ransomware: "When it comes to primary ways to protect your organizations against ransomware, the first one is really the most important one.

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CyberSecurity Insiders

DECEMBER 18, 2022

A look ahead to 2023 we can expect to see changes in MFA, continued Hactivism from non-state actors, CISOs lean in on more proactive security and crypto-jackers will get more savvy. 4 – Ransomware rushes to the cloud. By Marcus Fowler, CEO of Darktrace Federal. 1 – Attacker tradecraft centers on identity and MFA.

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Duo's Security Blog

JUNE 27, 2023

The number-one reported motive for a cyber breach is financial gain, and ransomware 3.0 In Australia, the threat of ransomware attacks has been growing, with the Australian economy reportedly losing up to $2.59 In the final instalment of this series, we cover the rise of ransomware 3.0 The Rise of Ransomware 3.0

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