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HardBit ransomware tailors ransom to fit your cyber insurance payout

Malwarebytes

What does the encryption warning message say? encrypts files and presents the following infection message on compromised desktops: All your important files are stolen and encrypted! All your files have been encrypted due to a security problem with your PC. Stop malicious encryption.

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Ransomware gangs increasingly targeting virtualization platforms says study 

CyberSecurity Insiders

Interestingly, nearly half of the victims have set up cryptocurrency wallets to pay ransom for the future. And that about 30% of them have sought cyber insurance as a cover to business loss, just in case another digital assault strikes them.

Insiders

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Discover 2022’s Nastiest Malware

Webroot

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. In other words, 2022 has been an eventful year in the threat landscape, with malware continuing to take center stage.

Malware 61
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Cybersecurity in 2020

Cytelligence

The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities. Insurance companies may guide their policyholders to pay ransoms, as this is generally cheaper than having to recover from a ransomware attack.

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White House Strategic Intent for Cybersecurity

SecureWorld News

"Our internet economy has inadvertently created a digital ecosystem absolutely crucial to today's society, and yet so systemically vulnerable that clicking the wrong link can allow in intruders who encrypt your data and demand a ransom to restore it.". The path to better cybersecurity. Secret Service Assistant Director Jeremy Sheridan.

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Ransomware Protection in 2021

eSecurity Planet

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!!

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As ransomware inches from economic burden to national security threat, policies may follow

SC Magazine

It’s a little blunt to be a solution,” said Mike McNerney, chief operating officer of Resilience, which provides cyber insurance, and a former policy adviser to the Department of Defense. A less abrasive way to interrupt payments could come at the cryptocurrency level. “We’re going to end up criminalizing being a victim.