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LW ROUNDTABLE: Compliance pressures intensify as new cybersecurity standards take hold

The Last Watchdog

Part three of a four-part series In 2024, global pressure on companies to implement advanced data protection measures intensified, with new standards in encryption and software transparency raising the bar. Similarly, software bills of materials (SBOMs) underscore the need for better accountability in third-party software.

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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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Ransomware Bites Dental Data Backup Firm

Krebs on Security

26, and encrypted dental records for some — but not all — of the practices that rely on DDS Safe. Original story: However, some affected dental offices have reported that the decryptor did not work to unlock at least some of the files encrypted by the ransomware. PercSoft did not respond to requests for comment.

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MSPs: Becoming the Trusted Cyber Insurance Advisor

Duo's Security Blog

In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. CyberCube, a company specializing in quantifying cyber risk, estimates that the U.S. standalone cyber insurance market could reach $45 billion in premiums by 2034.

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Ohio Court rules out Ransomware Attack loss on Software

CyberSecurity Insiders

In one of the strange decisions taken by Ohio Supreme Court over a previous judgement pronounced earlier by Ohio Second District Court, the law stated that there must be a direct physical loss or damage to a company in the event of a file encrypting malware disaster.

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Healthcare Cybersecurity Market Soars: Key Trends and Insights

SecureWorld News

Attackers are not only encrypting data but also engaging in "double extortion," stealing sensitive patient information to demand higher ransoms. Many healthcare providers now undergo annual security audits and risk assessments as required by regulators or cyber insurance providers.

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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?