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Report: Cyber Insurance Not Driving Ransomware Market

SecureWorld News

-based Royal United Services Institute (RUSI) for Defence and Security Studies conducted an extensive 12-month research project , which aimed to examine the role of cyber insurance in addressing the threats posed by ransomware. RUSI's research challenges the notion that cyber insurance is a direct catalyst for ransomware.

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HardBit ransomware tailors ransom to fit your cyber insurance payout

Malwarebytes

What does the encryption warning message say? encrypts files and presents the following infection message on compromised desktops: All your important files are stolen and encrypted! All your files have been encrypted due to a security problem with your PC. Stop malicious encryption. Detect intrusions.

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HardBit ransomware demands ransom based on insurance cover

CyberSecurity Insiders

But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover. ransomware does so during negotiations and tries to find the exact amount to be covered with the cyber insurance and then demands ransom.

Insurance 124
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University of Utah pays a $457,000 ransom to ransomware gang

Security Affairs

.” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers. University of Utah officials explained that the university’s cyber insurance policy covered part of the ransom. ” continues the statement. ” continues the statement.

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

An attacker can easily scan the internet for websites that haven’t patched a vulnerability for which the attacker has an exploit. In addition to encrypting data and holding it hostage, ransomware attackers also upload valuable data to other systems on the internet. Unpatched exploits. Ransomware-as-a-Service (RaaS).

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

The Last Watchdog

Byron: Since I started, the cyber threat landscape has grown exponentially, with more sophisticated attacks and diverse attackers ranging from individual hackers to professional criminal rings to state-sponsored entities. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?