Cyber Insurance Cybersecurity Encryption Security Awareness 
SecureWorld News
MARCH 20, 2024
Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.
eSecurity Planet
JULY 12, 2022
Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. As we didn’t have a comprehensive cybersecurity plan in place, the attack brought the entire business to its knees.”. Cyber Insurer Provides Help. The ransom demand was $3.6 Most had been infected.
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Malwarebytes
SEPTEMBER 30, 2022
The first is that they handle troves of sensitive data, especially personally identifiable information (PII) , and the second is that they operate on shoestring budgets with little to no cybersecurity staff or leadership buy-in. We’ll break down five best practices for local government cybersecurity in this post.
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.
NetSpi Executives
APRIL 27, 2024
In addition to encrypting data and holding it hostage, ransomware attackers also upload valuable data to other systems on the internet. Rather than stealthily copying the data, ransomware attackers may upload the data quickly to a website via FTP using SSH encryption. Disable or bypass detective security controls.
Thales Cloud Protection & Licensing
FEBRUARY 15, 2023
The problem is that businesses are not yet aware of double or triple extortion ransomware and how these tactics can affect their data protection strategies. According to a separate study 2 , double extortion, which became popular in the first quarter of 2020, collects confidential business information before encrypting a victim's database.
SecureWorld News
JUNE 18, 2020
We carry cybersecurity insurance, subject to applicable deductibles and policy limits. It is considered nuclear because Maze does more than encrypt systems and data on networks, it exfiltrates data and files to use as leverage to extract payment from the victim.
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