CyberSecurity Insiders

JANUARY 26, 2022

Merck, the Pharma giant from New Jersey, has won a legal battle with its insurer for covering costs related to the NotPetya ransomware attack that crippled its computer networks to the core incurring losses in millions. Moving ahead into the details, the year 2017 witnessed many companies falling prey to NotPetya ransomware hackers.

Ransomware 112

Ransomware Insurance Cyber Insurance Hacking 112

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time. Very important!

Insurance 79

Insurance Ransomware Cyber Insurance Malware 79

eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other.

Ransomware 98

Ransomware Backups Encryption Cybersecurity 98

Malwarebytes

NOVEMBER 15, 2023

This article is based on research by Marcelo Rivero, Malwarebytes’ ransomware specialist, who monitors information published by ransomware gangs on their Dark Web sites. This provides the best overall picture of ransomware activity, but the true number of attacks is far higher.

Ransomware 95

Ransomware Education Backups Cyber Insurance 95

CyberSecurity Insiders

SEPTEMBER 21, 2021

As soon as we hear or read about a ransomware attack on a company, we are in a state of mind that the business needs to pay only the ransom in order to avoid a loss to its data continuity on a permanent loss. But we never think or bother about the hidden/unexpected costs that a file encrypting malware attack brings with it.

Ransomware 116

Ransomware Cyber Insurance Insurance Cyber Attacks 116

Security Affairs

AUGUST 21, 2020

The University of Utah admitted to have paid a $457,059 ransom in order to avoid having ransomware operators leak student information online. The university did not reveal the ransomware family involved in the attack. ” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers.

Ransomware 143

Ransomware Cyber Insurance Insurance Advertising 143

Adam Levin

MARCH 2, 2020

You couldn’t go a week last year without seeing a ransomware headline in the news. Ransomware attacks on businesses skyrocketed 365 percent in 2019, and all signs point to more of the same in 2020. As bad as the ransomware scourge was for businesses, local governments arguably had it worse. What Is Ransomware?

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215

CyberSecurity Insiders

JUNE 23, 2021

As many companies are falling prey to Ransomware Attacks in the United States these days, there is a high probability that such payments might earn the victim a tax reimbursement from the Internal Revenue Service (IRS) as per the little-known legal clause. . . And so is interested in paying back the victims in one way or the other. .

Ransomware 76

Ransomware Cyber Insurance Insurance Cryptocurrency 76

eSecurity Planet

OCTOBER 5, 2021

First, we prepare a plan for the possibility, then when a ransomware attack occurs we execute the plan. To help, we break down the process into the following steps: How to Prepare for Ransomware. Ransomware Response. Simple Ransomware Recovery. How to Prepare for Ransomware. Ransomware Security.

Ransomware 130

Ransomware Backups Insurance Cyber Insurance 130

Krebs on Security

MARCH 4, 2022

Part I of this series examined newly-leaked internal chats from the Conti ransomware group, and how the crime gang dealt with its own internal breaches. Conti is by far the most aggressive and profitable ransomware group in operation today. 12, 2021, in regards to their ransomware negotiations with LeMans Corp.,

Ransomware 212

Ransomware Insurance Cyber Insurance Accountability 212

CyberSecurity Insiders

JUNE 24, 2021

The International Information System Security Certification Consortium (ISC)², has made an official announcement that its Professional Development Institute(PDI) Courses related to ransomware: Identity, protect, defend and recover will be available for free of cost until July 31st this year.

Ransomware 76

Ransomware Cyber Insurance Education Insurance 76

Pen Test

OCTOBER 10, 2023

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Webroot

OCTOBER 14, 2022

In other words, 2022 has been an eventful year in the threat landscape, with malware continuing to take center stage. The 6 Nastiest Malware of 2022. The ransomware double extortion tactic continues to wreak havoc, with ransomware attackers threating to both steal your data and also leak it if you don’t pay up.

Malware 61

Malware Antivirus DDOS Cyber Insurance 61

Thales Cloud Protection & Licensing

AUGUST 11, 2021

No Soup For You, Ransomware! Ransomware campaigns such as WannaCry and Petya attacks made this malware type a top threat to all organizations worldwide. Cyber crooks are getting more sophisticated and IT professionals have tough times struggling to detect and block malicious interventions at early stages.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

Security Affairs

MAY 1, 2020

Maze Ransomware operators claim to have gained access to the network of Banco BCR of Costa Rica and stolen 11 million credit card credentials. Maze Ransomware operators claim to have hacked the network of the state-owned Bank of Costa Rica Banco BCR and to have stolen internal data, including 11 million credit card credentials.

Ransomware 133

Ransomware Banking Cyber Insurance Advertising 133

CyberSecurity Insiders

JUNE 10, 2021

To recover from the ransomware attack in less than a day, JBS USA has reportedly paid $11 million to hackers says a statement released by the company’s CEO Andre Nogueira, on Wednesday. Those spreading REvil or Sodinokibi ransomware are said to be involved in the cyberattack on JBS Foods.

Ransomware 73

Ransomware Cyber Insurance Insurance Encryption 73

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

Ransomware 97

Ransomware Backups Software Encryption 97

Malwarebytes

JULY 11, 2022

Chrome patches ANOTHER zero-day vulnerability Cloud-based malware is on the rise. 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!

Cyber Insurance 78

Cyber Insurance Insurance Spyware Healthcare 78

Security Boulevard

JUNE 2, 2022

Ransomware attacks increased by yet another 80% between February 2021 and March 2022, based on an analysis of ransomware payloads seen across the Zscaler cloud. Double-extortion attacks, which include data exfiltration in addition to encryption, are rising even faster at 117% year-over-year. PYSA/Mespinoza. REvil/Sodinokibi.

Ransomware 105

Ransomware Architecture Manufacturing Encryption 105

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. An act of war? Lloyd’s of London.

Insurance 89

Insurance Cyber Insurance Ransomware Data breaches 89

Webroot

SEPTEMBER 7, 2023

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. Depending on the size of the business, one-third to two-thirds of businesses suffer malware attacks in any given year. The best way to weather these challenges is to become a cyber resilient business.

Encryption 88

Encryption Cyber Insurance Cybercrime Phishing 88

Cytelligence

JANUARY 27, 2020

Ransomware is becoming an epidemic in the cybersecurity world, with new strains being created continuously by criminals to extort money out of unsuspecting users. What is Ransomware? Ransomware is a devastating attack on an organization’s or individual’s digital assets. Damages from ransomware in 2019 rose to over $11.5

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

Malwarebytes

JULY 27, 2022

Fighting against ransomware can be difficult—especially if your organization has limited IT resources to begin with. But Adam Kujawa, security evangelist and director of Malwarebytes Labs, has a few tips for overburdened IT folks looking to simplify their fight against ransomware. 3 tips to simplify the fight against ransomware.

Ransomware 70

Ransomware Backups Penetration Testing Cyber Insurance 70

CyberSecurity Insiders

APRIL 23, 2021

Initially, the channel claimed that it was a disruption caused because of some technical difficulties, but later confirmed the cyber incident. Harris Federation Cyber Attack- A ransomware attack targeted educational institute Harris Federation disrupting online studies and correspondence to nearly 37K students in March 2021.

Cyber Attacks 145

Cyber Attacks Insurance Cyber Insurance Ransomware 145

SC Magazine

FEBRUARY 24, 2021

Shaun Murphy (Freddie Highmore) interrupts his girlfriend Lea Dilallo (Paige Spara), the hospital’s IT director, as she investigates a ransomware attack on the health care facility’s network. Of course, boiling down the intricacies of a hospital ransomware incident into an hour-long drama is no easy task. ABC/Jeff Weddell).

Ransomware 94

Ransomware Backups Insurance Cyber Insurance 94

SecureWorld News

NOVEMBER 12, 2020

First, however, let's look at the top 15 cyber threats organizations face right now, according to the report: Malware. Ransomware. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. So that is the top 15 list of cyber threats according to the European Union.

Cyber threats 107

Cyber threats Insurance Cyber Insurance Ransomware 107

Malwarebytes

MARCH 10, 2021

The REvil ransomware (AKA Sodinokibi , which operates as a Ransomware as a Service ) is adopting some outreach techniques after initial compromise , designed to shame victims into paying up. Malware authors and social engineers have relied on shame and the threat of exposure for years. Shaming victims into action.

Ransomware 118

Ransomware Insurance Cyber Insurance Social Engineering 118

Malwarebytes

SEPTEMBER 14, 2022

Especially ransomware. Read Our Defender's Guide to Ransomware Resilience ! 5 technologies that help prevent cyber attacks for SMBs (ranked in order of importance). A DNS filter prevents you from accessing unsafe websites—including those posing a strong malware risk. Read more: Cloud-based malware is on the rise.

Technology 67

Technology DNS Cyber Insurance Insurance 67

SC Magazine

FEBRUARY 25, 2021

On Wednesday – just Wednesday – news stories emerged about an airplane maker, information technology giant and computer game company all having operations disrupted by ransomware. In the past, the government would not step in because ransomware was not a national security issue. But few solutions have been formally put onto the table.

Ransomware 104

Ransomware Insurance Government Cryptocurrency 104

Spinone

OCTOBER 13, 2020

Like a terrible disease epidemic, ransomware infects and destroys any data in its path. Preventing a ransomware infection is much more desirable than having to recover from one. In this post, we will take a look at ransomware trends, costs, targets, and ransomware prevention software. What do these costs include?

Ransomware 52

Ransomware Backups Data breaches Encryption 52

Cytelligence

JANUARY 14, 2020

More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government. Evolution of mobile malware attacks – The first half of 2019 saw a 50% increase in attacks by mobile banking malware compared to 2018. Cyber Security Awareness Training .

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

SecureWorld News

AUGUST 11, 2020

One Colorado city's response to a ransomware attack caused us to ask a serious question: how much taxpayer money is being handed over to cybercriminals in the form of ransom? Ransomware attack on Colorado city. The ransomware operators demanded $45,000 in ransom, and the city decided to pay it. Let's explore this topic further.

Ransomware 68

Ransomware Cyber Insurance Insurance Scams 68

eSecurity Planet

MARCH 17, 2023

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.

Network Security 117

Network Security Penetration Testing Firewall Antivirus 117

eSecurity Planet

JULY 8, 2022

Ransomware has now emerged as one of the key reasons to have a DR plan and DR technology in place. Disaster Recovery and Ransomware. In the event of ransomware, the enterprise needs to have access to an uncorrupted copy of its data, so it can refuse to submit to cyber criminals’ demands.

Backups 142

Backups Ransomware Technology Marketing 142

CyberSecurity Insiders

DECEMBER 18, 2022

In 2023, ‘knowing thy enemy’ in cyber will be more complicated than ever before – but it is critical that organizations remain aware of the realities of cyber risk and cease to focus on the ‘boogie man’ of the internet that features in sensationalist reporting. 4 – Ransomware rushes to the cloud.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

SecureWorld News

JANUARY 21, 2024

Remember, sometimes a little common sense goes a lot further than the fanciest encryption out there. Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release. The key here is implementing smart, affordable cybersecurity strategies that work best for nonprofits.

Cybersecurity 92

Cybersecurity Backups Cyber threats Software 92

The Security Ledger

OCTOBER 23, 2018

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat.

Insurance 40

Insurance Cyber Risk Risk Cyber Insurance 40