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A week in security (July 4 – July 10)

Malwarebytes

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!

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No more insurance reimbursements for Ransomware Attacks in France

CyberSecurity Insiders

According to a study carried out by Emsisoft, cyber related crimes have fetched a loss of $5.5 billion last year and included victims from all industries like healthcare, finance, education and local governments.

Insiders

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Building a Cyber Resilient Business: The Protection Layer

Webroot

Depending on the size of the business, one-third to two-thirds of businesses suffer malware attacks in any given year. This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley.

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Cybersecurity threats: what awaits us in 2023?

SecureList

Malware attacks like ransomware will happen to businesses more frequently. Most probably more attacks on the education and healthcare sectors will occur plus targeted campaigns against industry leaders – especially those that hold critical information: sensitive data, top expertise, and latest technologies.

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How to Decrypt Ransomware Files – And What to Do When That Fails

eSecurity Planet

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. The First Calls After an Attack. How Does Ransomware Encryption Work?

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Another one bites the dust: Avaddon ransomware group shuts down operation

Malwarebytes

While various sectors in Australia were noted to be particularly targeted, the Avaddon strain has been instrumental in the successful network compromise of the Asian division of the AXA Group , one of the biggest cyber insurance companies in the world. A domino effect? Indeed, this is a win and something we should be grateful for.

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U.S. Government Warning on Ransomware Payments: What Does It Mean?

SecureWorld News

The OFAC Advisory on these cybercrime payments specifically warns financial institutions, cyber insurance firms, and companies that facilitate payments on behalf of victims, that they may be violating OFAC regulations. Treasury: ransomware continues to increase. persons rely on to continue conducting business.