SC Magazine

MARCH 24, 2021

Insurance firm CNA Financial, a prominent provider of cyber insurance, confirmed a cyberattack against its systems, which has some concerned that cybercriminals may target policyholders. Of course, the attackers aren’t necessarily limited to a ransomware strategy. They could also phish certain policyholders.

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Cyber Insurance Insurance Hacking Ransomware 128

Krebs on Security

OCTOBER 1, 2020

Companies victimized by ransomware and firms that facilitate negotiations with ransomware extortionists could face steep fines from the U.S. While it may seem unlikely that companies victimized by ransomware might somehow be able to know whether their extortionists are currently being sanctioned by the U.S. Image: Shutterstock.

Ransomware 361

Ransomware Cyber Insurance Insurance Cybercrime 361

Graham Cluley

FEBRUARY 22, 2023

A ransomware outfit is advising its victims to secretly tell them how much insurance they have, so their extortion demands will be met. Read more in my article on the Tripwire State of Security blog.

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Insurance Cyber Insurance Ransomware Malware 113

CyberSecurity Insiders

FEBRUARY 21, 2023

All these days we have read about ransomware spreading groups stealing data and then threatening to release it online, if the victim fails to pay heed to their demands. But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover.

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Insurance Ransomware Cyber Insurance Encryption 124

The State of Security

JUNE 13, 2022

Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense.

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Ransomware Cyber Insurance Insurance Malware 134

CyberSecurity Insiders

JUNE 22, 2023

Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Remember, prevention is key when it comes to ransomware attacks. Nope, says a renowned international bank from UK.

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Ransomware Banking Cyber Insurance Insurance 96

CyberSecurity Insiders

DECEMBER 29, 2022

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.

Software 99

Software Ransomware Insurance Cyber Insurance 99

eSecurity Planet

JULY 12, 2022

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.

Ransomware 137

Ransomware Cyber Insurance Backups Insurance 137

CyberSecurity Insiders

JULY 29, 2022

Hive Ransomware group has reportedly locked down a school from digital access and is demanding £500,000 to free up data from encryption. Yes, what is being read is true as Wootton Upper School in Bedfordshire-part of Wootton Academy Trust was victimized by the file encrypting malware spreading gang and are adamant in their demand.

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Ransomware Cyber Insurance Social Engineering Education 122

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 94

Ransomware Education Backups Cyber Insurance 94

Graham Cluley

MAY 17, 2021

One week after the French branch of cyber insurance giant AXA said that it would no longer be writing policies to cover ransomware payments, the company's operations in Thailand, Malaysia, Hong Kong, and the Phillippines have reportedly been hit. by a ransomware attack.

Cyber Insurance 40

Cyber Insurance Insurance Ransomware Malware 40

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

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.

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Ransomware Cyber Insurance Insurance Cyber Attacks 116

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.

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Ransomware Insurance Cyber Insurance Hacking 112

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.

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Ransomware Cyber Insurance Insurance Advertising 144

Threatpost

OCTOBER 25, 2019

Targeted ransomware, mobile malware and other attacks will surge, while companies will adopt AI, better cloud security and cyber insurance to help defend and protect against them.

Mobile 48

Mobile Cyber Insurance Malware Ransomware 48

Security Affairs

FEBRUARY 6, 2021

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. The company reported the ransomware attack to law enforcement and notified its customers. The company is responding to the incident with the help of leading cyber defense firms.

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Ransomware Cyber Insurance Insurance Technology 142

CyberSecurity Insiders

DECEMBER 26, 2022

Insurance companies like Lloyd offer cyber insurance policies that cover a business from facing a business loss during a cyber-attack. However, in coming days, cyber attacks will become uninsurable, as per Mario Greco, the Chief of Zurich Insurance. So, will cyber insurance vanish with time?

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Insurance Cyber Attacks Cyber Insurance Ransomware 129

eSecurity Planet

OCTOBER 18, 2022

For any organization struck by ransomware , business leaders always ask “how do we decrypt the data ASAP, so we can get back in business?”. The good news is that ransomware files can be decrypted. What can be done to recover from ransomware attacks when backups are not available? How Does Ransomware Encryption Work?

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Ransomware Encryption Insurance Backups 135

Adam Levin

JUNE 30, 2020

We’re not even halfway through 2020, and already it’s been a record-breaking year for ransomware attacks. Barely a week goes by without reports of a new strain or variant of malware wreaking havoc among companies. No industry, category, size, or group is safe from this cyber scourge. We hear about the big ones.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

CyberSecurity Insiders

MAY 19, 2021

A source from the Glass and Metal-based packaging giant said that the attack was of a malware variant, but failed to acknowledge it as a ransomware attack as the investigation was still going on the issue. . Since Ardagh is covered by a Cyber insurance policy it might not show any effect on the operational costs of the company.

Malware 88

Malware Cyber Insurance Insurance Cyber Attacks 88

Security Affairs

JUNE 5, 2020

ST Engineering is the last victim of the Maze Ransomware operators that published their data on their leak website. The Maze ransomware operators announced the release of stolen data on their leak site. SecurityAffairs – Maze ransomware, cybersecurity). ” reads the post published by the experts. Pierluigi Paganini.

Engineering 119

Engineering Ransomware Cyber Insurance Insurance 119

CyberSecurity Insiders

JUNE 23, 2021

In conjunction with #RansomwareWeek, today (ISC)² announced that its popular Professional Development Institute (PDI) course titled “ Ransomware: Identify, Protect, Detect, Recover ,” is now free to the public through July 31, 2021. Join the ransomware discussion in the (ISC) 2 Community.

Education 73

Education Ransomware Cyber Insurance Insurance 73

Graham Cluley

MAY 20, 2021

Yes, you read that correctly. FORTY MILLION DOLLARS.

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Cyber Insurance Insurance Ransomware Data breaches 142

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

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

CyberSecurity Insiders

JULY 19, 2021

Nearly three weeks after (ISC)² made its highly popular Professional Development Institute (PDI) course titled “ Ransomware: Identify, Protect, Detect, Recover ,” free to the public through July 31, 2021, more than 4,500 professionals have enrolled in the course. To register for the free (ISC)² ransomware course visit [link].

Cyber Insurance 97

Cyber Insurance Ransomware Insurance Cybersecurity 97

Security Boulevard

JULY 30, 2021

The post CISO Stories Podcast: Ransomware Attacks and the True Cost to Business appeared first on Security Boulevard. The post CISO Stories Podcast: Ransomware Attacks and the True Cost to Business appeared first on Security Boulevard.

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CISO Cyber Insurance Ransomware Insurance 64

CyberSecurity Insiders

MAY 6, 2021

French multinational Insurance Company AXA has publicly announced that it will not issue any reimbursements for the victims of Ransomware attacks in France. Axa’s statement says that they don’t pay and will never pay for cyber crimes involving ransomware as per the sentence issued by prosecutor Johanna Brousse.

Insurance 76

Insurance Ransomware Cyber Insurance Healthcare 76

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.

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Ransomware Cyber Insurance Insurance Encryption 73

Threatpost

OCTOBER 2, 2020

Financial institutions, cyber-insurance firms, and security firms have all been put on notice by the U.S. Department of the Treasury.

Cyber Insurance 103

Cyber Insurance Insurance Ransomware Government 103

Security Boulevard

JUNE 12, 2022

Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense.

Ransomware 52

Ransomware Cyber Insurance Insurance Malware 52

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 86

Insurance Cyber Insurance Ransomware Data breaches 86

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.

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Ransomware Backups Software Encryption 97

Security Affairs

DECEMBER 2, 2020

was hit by Ryuk ransomware in the middle of November and now has paid a ransom to avoid data leak. has paid a ransom to the ransomware operators after the gang infected its systems in November. Bleeping Computer has learned aware that K12 was hit by Ryuk ransomware and K12 paid the ransom utilizing their cyber insurance.

Education 115

Education Cyber Insurance Insurance Ransomware 115

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.

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Ransomware Banking Cyber Insurance Advertising 132

Security Boulevard

JULY 12, 2021

The post CISO Roundtable: Ransomware Attacks and the True Cost to Business appeared first on Security Boulevard.

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CISO Cyber Insurance Ransomware Insurance 59