Webroot

OCTOBER 14, 2022

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

Malware 89

Malware Antivirus DDOS Cyber Insurance 89

Cytelligence

JANUARY 14, 2020

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.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

SC Magazine

FEBRUARY 25, 2021

Common ransomware protections could have partially mitigated either event. 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. We’re going to end up criminalizing being a victim.

Ransomware 104

Ransomware Insurance Government Cryptocurrency 104

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This demonstrates how threat actors are willing to exploit even the most sensitive of events for malicious purposes.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Thales Cloud Protection & Licensing

AUGUST 11, 2021

million) before crooks could transfer funds away from their cryptocurrency wallet, this newsmaking breach demonstrated how lucrative this foul play could get. Ransomware incidents covered by cyber insurance policies. The insurer provides funding to the insured parties in the event they suffer ransomware invasion.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

NetSpi Executives

APRIL 27, 2024

Victims pay ransomware adversaries for decryption keys through cryptocurrency, such as Bitcoin. Instead, if you can detect one or more malicious events present in most kill chains before the attackers meet their objective, then you can prevent ransomware attacks. Some can’t afford not to pay, and some are covered by cyber insurance.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

eSecurity Planet

FEBRUARY 16, 2021

For access to the decryption key, the victim must make prompt payment, often in cryptocurrency shielding the attacker’s identity. In the event of a successful breach, your team must be ready to restore systems and data recovery. Attackers will inform the victim that their data is encrypted. Rapid Response Testing.

Ransomware 97

Ransomware Backups Encryption Software 97

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This demonstrates how threat actors are willing to exploit even the most sensitive of events for malicious purposes.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Spinone

OCTOBER 13, 2020

Ransom payments are generally demanded in the form of untraceable cryptocurrency such as Bitcoin. Global Averages for a Data Breach The following statistics are cited in IBM’s Cost of a Data Breach Report 2019 as the global averages for a data breach event. Just the ransom payment alone can be tremendously expensive.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

ForAllSecure

MAY 30, 2023

And so that's when you know threat actors within the last couple of years transitioned into the double extortion model, which is where prior to actually performing the encryption event, they're going to find what they believe to be sensitive information and steal that data from the environment. of cryptocurrency. By no means.

Ransomware 40

Ransomware Encryption Authentication Backups 40