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Insurance and Ransomware

Schneier on Security

As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. However, the most pressing challenge currently facing the industry is ransomware.

Insurance 331
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Ransomware Victims That Pay Up Could Incur Steep Fines from Uncle Sam

Krebs on Security

Companies victimized by ransomware and firms that facilitate negotiations with ransomware extortionists could face steep fines from the U.S. While it may seem unlikely that companies victimized by ransomware might somehow be able to know whether their extortionists are currently being sanctioned by the U.S. Image: Shutterstock.

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GUESST ESSAY: Cybercrime for hire: small businesses are the new bullseye of the Dark Web

The Last Watchdog

And thanks to an explosion of inexpensive cybercrime-as-a-service offerings on the dark web, launching an attack is easier and cheaper than ever. Cybercrime industrialized The dark web has become a marketplace where bad actors can buy tools and access with the ease of shopping for software.

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Ransomware negotiator investigated over criminal gang kickbacks

Malwarebytes

That might not have been the case at Digital Mint, a ransomware negotiation company where one worker allegedly went rogue. According to Bloomberg , Digital Mint is cooperating with the US Department of Justive (DoJ) to investigate allegations that a former employee had worked with ransomware criminals.

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

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.

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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?

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Security Affairs newsletter Round 494 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

CISA adds Fortinet products and Ivanti CSA bugs to its Known Exploited Vulnerabilities catalog Nation-state actor exploited three Ivanti CSA zero-days Dutch police dismantled dual dark web market ‘Bohemia/Cannabia’ macOS HM Surf flaw in TCC allows bypass Safari privacy settings Iran-linked actors target critical infrastructure organizations (..)