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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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34 Most Common Types of Network Security Protections

eSecurity Planet

Managed Detection and Response Product Guide Top MDR Services and Solutions Encryption Full disk encryption, sometimes called whole disk encryption, is a data encryption approach for both hardware and software that involves encrypting all disk data, including system files and programs.

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Conti Ransomware Group Diaries, Part III: Weaponry

Krebs on Security

In a months-long project last year, Conti invested $60,000 in acquiring a valid license to Cobalt Strike , a commercial network penetration testing and reconnaissance tool that is sold only to vetted partners. For now, take a look at the documents and see if there is insurance and bank statements.”

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SHARED INTEL Q&A: My thoughts and opinions about cyber threats — as discussed with OneRep

The Last Watchdog

Byron: It’s gone from simple file encryption to multifaceted, multi-staged attacks that leverage Dark Web services, such as initial access brokers (IABs,) as well as make use of Living off the Land (LotL) embedded tools. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

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. Attempt access to file and SQL servers with privileged accounts.

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How to Recover From a Ransomware Attack

eSecurity Planet

We should encrypt data at rest. Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyber insurance policy.

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Ransomware in 2020

Cytelligence

Cybercriminals or threat actors release a kind of malware which enters a computer system or network through fraudulent means and locks down files from access by encrypting them until a demanded ransom is paid to hackers in return for a decryption key. The need for cyber insurance for companies will increase significantly in 2020.