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4 ways businesses can save money on cyber insurance

Malwarebytes

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

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Hive Ransomware group demands £500000 from School in England

CyberSecurity Insiders

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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26 Cyber Security Stats Every User Should Be Aware Of in 2024

Security Affairs

Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals.

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

Table of Contents What is ransomware? Ransomware trends Ransomware prevention Ransomware detection Ransomware simulation Ransomware security terms How NetSPI can help What is ransomware? Ransomware adversaries hold the data hostage until a victim pays the ransom. How does ransomware work?

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The Surge of Double Extortion Ransomware Attacks

Pen Test

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.

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Cybersecurity threats: what awaits us in 2023?

SecureList

Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns. Businesses will still be mostly concerned with ransomware. will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable.

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REvil ransomware’s calling, and it’s not good news

Malwarebytes

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.