eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other.

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Ransomware Backups Encryption Cybersecurity 98

SecureWorld News

JUNE 18, 2020

Maze ransomware strikes again. This time, the victim is a tech company, prominent chipset manufacturer MaxLinear. Maze ransomware: to pay or not to pay? The chip manufacturer says it will not pay the ransom. We carry cybersecurity insurance, subject to applicable deductibles and policy limits.

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Ransomware Insurance Cyber Insurance Manufacturing 53

SC Magazine

JUNE 15, 2021

WestRock was hit by a ransomware attack in January. In a May 5 earnings call for WestRock, Wall Street analysts got a rundown of losses resulting from a ransomware attack that hit the corrugated packaging company in January. And that did not factor in $20 million paid in ransomware recovery costs. We’re a 250-year-old company.

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Ransomware Insurance Cyber Insurance Risk 60

The Last Watchdog

SEPTEMBER 20, 2019

However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering. Related: Free tools that can help protect elections I had a deep discussion about this with Todd Weller, chief strategy officer at Bandura Cyber.

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Ransomware Government Firewall Cyber Insurance 153

Centraleyes

APRIL 9, 2024

For instance, in manufacturing, where processes are often highly dependent on continuous operations, the cost per minute of downtime is easily measurable. This can result in substantial financial losses, often reaching millions of dollars per day for large manufacturing enterprises. or USD 470,000.

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Data breaches Cyber Insurance Insurance Ransomware 52

SC Magazine

MAY 28, 2021

Some saw this as a typical ransomware attack, albeit on a vulnerable target. And while it turned out the ransomware did not leak from the IT systems to the industrial control systems and create a dangerous situation, the pipeline still needed its IT systems functional in order to manage an extremely complex logistical framework.

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Insurance Government Ransomware Risk 117

Spinone

OCTOBER 13, 2020

Like a terrible disease epidemic, ransomware infects and destroys any data in its path. Preventing a ransomware infection is much more desirable than having to recover from one. In this post, we will take a look at ransomware trends, costs, targets, and ransomware prevention software. What do these costs include?

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Ransomware Backups Data breaches Encryption 52

ForAllSecure

MAY 30, 2023

Say you’re an organization that’s been hit with ransomware. At what point do you need to bring in a ransomware negotiator? Mark Lance, the VP of DFIR and Threat intelligence for GuidePoint Security, provides The Hacker Mind with stories of ransomware cases he’s handled. The same is true with ransomware.

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Ransomware Encryption Authentication Backups 40

The Security Ledger

OCTOBER 23, 2018

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat.

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Insurance Cyber Risk Risk Cyber Insurance 40

SC Magazine

JULY 13, 2021

The data supports a June Avanan report , which confirmed health care has been among the most targeted with phishing attacks during the first half of 2021, alongside the IT and manufacturing industries. Lastly, the report warns entities not to rely on cyber insurance as the rates have skyrocketed in response to the rise in ransomware attacks.

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Adam Levin

DECEMBER 27, 2019

Ransomware will continue to thrive. As long as humans are well……human, phishing attacks will lead to ransomware infecting more and more networks, and businesses, municipalities and other organizations will continue to pay whatever they must in order to regain control of their data and systems.

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ForAllSecure

MAY 17, 2023

Small to Medium Business are, today, the target of APTs and ransomware. Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. GRAY: Absolutely.

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