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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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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

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The Pain of Double Extortion Ransomware

Thales Cloud Protection & Licensing

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups.

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The 2022 ThreatLabz State of Ransomware Report

Security Boulevard

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.

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Building a Cyber Resilient Business: The Protection Layer

Webroot

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. The best way to weather these challenges is to become a cyber resilient business. In this article, we’ll discuss the importance of data security and protection. Cybercrime is on the rise.

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Tech Company Refuses to Pay Maze Ransomware Operators

SecureWorld News

Maze ransomware strikes again. Maze ransomware: to pay or not to pay? The ransomware attack has not materially affected our production and shipment capabilities, and order fulfillment has continued without material interruption. Maze ransomware attacks and the rise in nuclear ransomware.

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Cybersecurity in 2020

Cytelligence

More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government. The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities.