CyberSecurity Insiders

AUGUST 15, 2022

Ever wondered what is covered and what is not in your Cyber Insurance Policy? If not, you better review the guidelines and inform all your C-level employees on strategies to cope with the losses that remain out of the cyber insurance cover. Otherwise, the cyber insurer will not offer any policy coverage.

Cyber Insurance 90

Cyber Insurance Insurance Data collection Antivirus 90

SecureWorld News

AUGUST 21, 2020

The end result was hefty payment: "After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker. The University made the payment in cryptocurrency, through a third party firm. And number one is cyber insurance.

Ransomware 78

Ransomware Cyber Insurance Insurance Backups 78

Webroot

OCTOBER 14, 2022

Since the mainstreaming of ransomware payloads and the adoption of cryptocurrencies that facilitate untraceable payments, malicious actors have been innovating new methods and tactics to evade the latest defenses. The key to staying safe is a layered approach to cybersecurity backed up by a cyber resilience strategy.

Malware 61

Malware Antivirus DDOS Cyber Insurance 61

SecureList

NOVEMBER 9, 2022

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.

Cybersecurity 128

Cybersecurity Cyber Insurance Cybercrime IoT 128

NetSpi Executives

APRIL 27, 2024

Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Some can’t afford not to pay, and some are covered by cyber insurance. Should I get a ransomware cyber insurance policy? Many organizations have used cyber insurance to recover from ransomware attacks.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

CyberSecurity Insiders

DECEMBER 18, 2022

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.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

SC Magazine

JUNE 15, 2021

We won’t ruin our reputation” with a security failure, said Benjamin Corll, vice president of cyber security and data protection at industrial thread company Coats. I’m not going to educate them, to say ‘Can I have your attention?’ From a financial perspective, if we did have to pay the ransomware, do we know how to buy cryptocurrency?

Ransomware 60

Ransomware Insurance Cyber Insurance Risk 60