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Ransomware negotiator investigated over criminal gang kickbacks

Malwarebytes

Since then, companies have openly advertised negotiation services, based on a willingness for cyber insurance companies to reimburse victims as part of their policy coverage. In the early days of this criminal model, ransomware operators would focus purely on encrypting data and demanding payment.

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Krispy Kreme Cyber Attack a Wake-Up Call for the Food Industry

SecureWorld News

Although there remains some ambiguity over whether ransomware was employed, the Play ransomware gang later claimed responsibility , alleging that sensitive data, such as payroll records, contracts, tax documents, and customer financial information, was exfiltrated.

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Top Cyber Attacker Techniques, August–October 2024

Digital Shadows

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. Additionally, securing internal documents with encrypted storage and using safe file-sharing platforms is crucial, especially when sharing externally.

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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

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.

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Ransomware Bites Dental Data Backup Firm

Krebs on Security

-based PerCSoft is a cloud management provider for Digital Dental Record (DDR), which operates an online data backup service called DDS Safe that archives medical records, charts, insurance documents and other personal information for various dental offices across the United States. PercSoft did not respond to requests for comment.

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Maze Ransomware operators claim to have stolen millions of credit cards from Banco BCR

Security Affairs

The hackers claim to have compromised the Banco BCR’s network in August 2019, and had the opportunity to exfiltrate its information before encrypting the files. Maze Ransomware ransomware operators recently disclose other attacks against different organizations, including IT services giant Cognizant , and cyber insurer Chubb.

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How to Protect Against the Costly Impacts of Ransomware

CyberSecurity Insiders

While many equate ransomware with encrypted files and potential ransom payments, the consequences go even further in terms of the costs and requirements of an organization. From a budgetary standpoint, ransom payments and cyber insurance premiums have continued to rise over time. The Dangers of Ransomware Attacks.