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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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A week in security (July 4 – July 10)

Malwarebytes

Last week on Malwarebytes Labs: My Body, My Data Act would lock down reproductive and sexual health data “Free UK visa” offers on WhatsApp are fakes HackerOne insider fired for trying to claim other people’s bounties Update now! Chrome patches ANOTHER zero-day vulnerability Cloud-based malware is on the rise.

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Building a Cyber Resilient Business: The Protection Layer

Webroot

This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley. The best way to weather these challenges is to become a cyber resilient business.

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How to Decrypt Ransomware Files – And What to Do When That Fails

eSecurity Planet

However, even with the best planning, organizations can find a few users, machines, or systems that were overlooked or whose backup may be corrupted or encrypted. First, call the cyber insurance company that issued the organization’s cybersecurity policy. How Does Ransomware Encryption Work?

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Security Compliance & Data Privacy Regulations

eSecurity Planet

See the Top Governance, Risk and Compliance (GRC) Tools. Healthcare Data Privacy Laws. Trotter further argued that encryption of Anthem’s data at rest would have offered only minimal security benefits and would not have prevented the hack. Compliance Comes Down to Risk Management. PIPL Raises the Bar – And the Stakes.

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Ransomware Protection in 2021

eSecurity Planet

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark. Screenshot example.

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5 Reasons Ransomware Is Now a 'Perfect Storm'

SecureWorld News

A storm made more severe by the pandemic, with so many employees working remotely, exacerbating the risk of ransomware. The data that has been stolen or encrypted is essential to operations and without it, even for a short time, the organization could fail. And now some researchers are labeling it the "perfect storm.".