Remove Cryptocurrency Remove Cyber Attacks Remove Cyber Insurance
article thumbnail

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. However, in practice, it is still yet to be seen if cyber insurance can fulfil this promise.”.

article thumbnail

Top Cyber Attacker Techniques, August–October 2024

Digital Shadows

The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. Compromised cloud storage can result in account breaches, data theft, or extortion in which attackers exploit reputational damage to demand ransoms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges

Security Affairs

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. Based on the risk score, CryptoIns experts have calculated insurance rates for cryptocurrency exchange users who can now insure their accounts against cyber threats.

article thumbnail

Cybersecurity threats: what awaits us in 2023?

SecureList

Arthur Laudrain, Strategic Analyst (Cyber Program), The Hague Centre for Strategic Studies. In 2023, we might see a slight decline in ransomware attacks, reflecting the slowdown of the cryptocurrency markets. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

article thumbnail

Top Cyber Attacker Techniques, August–October 2024

Digital Shadows

The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. Compromised cloud storage can result in account breaches, data theft, or extortion in which attackers exploit reputational damage to demand ransoms.

article thumbnail

2023 Cybersecurity Predictions from Marcus Fowler, Darktrace

CyberSecurity Insiders

The hijacking of computer resources to mine cryptocurrencies is one of the fastest growing types of cyber-threats globally. Cyber security is a boardroom issue, but with growing economic uncertainty, organizations are being forced to make tough decisions as they plan 2023 budgets.

article thumbnail

Ransomware Protection in 2021

eSecurity Planet

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.