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.

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CyberSecurity Insiders

DECEMBER 29, 2022

Otherwise, the insurance provider can quash of the policy coverage as the malware infected only the software. Thus, a ransomware attack on the software doesn’t qualify to be covered under the policy. Owners Insurance was claiming a loss coverage via a property insurance policy.

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SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware.

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SC Magazine

APRIL 23, 2021

Today’s columnist, Tom Richards of GroupSense, writes that the FBI reported a 400% increase in ransomware attacks during the height of the pandemic. And, because of this, cyber insurance companies using these scores rely on an inaccurate assessment of target-company risk. Does it truly reflect the security of the company?

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Joseph Steinberg

JULY 8, 2021

Not only are they not protected against their own losses, but many have zero liability protection in the event that they somehow become a hacker’s catalyst for inflicting cyber-damage on others. iBynd also has a first-of-its-kind Personal Cyber Insurance offering that it delivers directly to consumers through CyberInsurancePlus.com.

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CyberSecurity Insiders

DECEMBER 9, 2021

Lloyd’s of London Insurance, simply known as Lloyd’s Insurance, has released a media update that it will no longer cover losses that were incurred because of cyber wars among nations. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

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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.

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Ransomware Cyber Insurance Education Insurance 76

Adam Levin

MARCH 2, 2020

You couldn’t go a week last year without seeing a ransomware headline in the news. And it wasn’t because the media paid more attention to this relative newcomer in the area of cybercrime. Ransomware attacks on businesses skyrocketed 365 percent in 2019, and all signs point to more of the same in 2020.

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SC Magazine

JULY 14, 2021

FBI’s cyber division personnel in front of a computer screen. New research finds that ransomware atracks have grabbed the attention of leaders across business sectors. The FBI reported an increase of more than 225% in total losses from ransomware in the U.S. in 2020 alone.

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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.

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SC Magazine

MARCH 12, 2021

.” Deep Instinct announced Thursday that it would back its product with a performance guarantee that delivers false positivity rates of less than 1 percent, plus a ransomware warranty of up to $3 million per company for a single breach. The post Deep Instinct to offer $3 million ransomware warranty appeared first on SC Media.

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Pen Test

OCTOBER 10, 2023

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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Security Boulevard

JUNE 2, 2022

Ransomware attacks increased by yet another 80% between February 2021 and March 2022, based on an analysis of ransomware payloads seen across the Zscaler cloud. Supply chain attacks, ransomware-as-a-service ecosystems, and multi-extortion tactics have all increased the volume and success rates of attacks. PYSA/Mespinoza.

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SC Magazine

JUNE 21, 2021

One of the most common suggestions to deal with the ransomware scourge – also one of the most controversial – is to ban the payment of ransoms. If no one paid ransom, the argument goes, there would be no market for ransomware. Ransomware is a complex policy issue. (Photo by Matthew Stockman/Getty Images).

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SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

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Joseph Steinberg

AUGUST 5, 2021

Likewise, cyber insurance policies for individuals are starting to appear in the marketplace. Remember, a cyber-insurance policy is a legal contract – it is absolutely essential that policyholders adhere to policy requirements or they may find their otherwise valid claims denied should a cybersecurity incident occur.

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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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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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CyberSecurity Insiders

APRIL 23, 2021

Poisoning a Florida based water utility through Cyber Attack- Hackers somehow infiltrated a Florida based water utility to increase the amount of Sodium Hydroxide in the water supply to dangerous level making the staff take the help of FBI to track down the culprits.

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The Last Watchdog

OCTOBER 5, 2023

Erin: What are some of the biggest cyber threats that businesses face today? Byron: The economic impact of phishing, ransomware, business logic hacking, Business Email Compromise (BEC) and Distributed Denial of Service (DDoS) attacks continues to be devastating. Erin: How has the ransomware threat evolved in recent years?

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SecureWorld News

MAY 18, 2021

The mainstream media focused on eastern U.S. This was fallout from the Colonial Pipeline shutdown due to a ransomware attack—a legitimate story, for sure. What kind of pressure hits an organization as it conducts incident response to a devastating ransomware attack? Ransomware incident response, phase 1: 'shock'.

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SC Magazine

JUNE 30, 2021

Roughly three in four individuals assert that companies should not submit to the demands of ransomware gangs in the event are infected, says one survey report. said in response to a survey that they would support their district’s decision to pay up if a ransomware were to impact their schools. Kaspersky Lab in 2014. So which is it?

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SC Magazine

FEBRUARY 24, 2021

Shaun Murphy (Freddie Highmore) interrupts his girlfriend Lea Dilallo (Paige Spara), the hospital’s IT director, as she investigates a ransomware attack on the health care facility’s network. Of course, boiling down the intricacies of a hospital ransomware incident into an hour-long drama is no easy task. ABC/Jeff Weddell).

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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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SC Magazine

FEBRUARY 25, 2021

On Wednesday – just Wednesday – news stories emerged about an airplane maker, information technology giant and computer game company all having operations disrupted by ransomware. In the past, the government would not step in because ransomware was not a national security issue. But few solutions have been formally put onto the table.

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Security Boulevard

MAY 12, 2022

Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. Cost to repair victims’ credit report and cost for external communications to the media.

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Malwarebytes

MARCH 10, 2021

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. It can have very serious consequences, with at least one tragedy involving a suicide linked to common-or-garden ransomware threats.

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SecureWorld News

MAY 12, 2020

A long list of powerful stars and media companies are nervous right now, wondering how many of their legal dealings might soon be spilled onto the web for the world to see. This all started when cybercriminals hit the law firm of Grubman, Shire, Meiselas & Sacks in early April with the REvil strain of ransomware.

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SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. Propelled by the surge of cyber incidents and ransomware attacks, businesses and insurance providers are rethinking and redefining how they engage each other, said Trent Cooksley, chief operation officer at Cowbell Cyber. “In

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SecureWorld News

NOVEMBER 12, 2020

Ransomware. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. We can't look at all of these categories, but let's talk about the number one cyber attack threat of malware. Researchers also found that file-less ransomware skyrocketed and that trend makes sense.

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Cytelligence

JANUARY 14, 2020

More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government. Increasingly, phishing involves SMS texting attacks against mobiles or use of messaging on social media and gaming platforms. These services typically include: Ransomware analysis.

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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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Malwarebytes

FEBRUARY 3, 2023

This is no surprise as phishing is often the prelude to more serious threats like ransomware, breaches, and BEC scams. Other worries were the rise in premium prices for cyber insurance, and the security implications of the rise in flexible working.

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Jane Frankland

DECEMBER 7, 2023

Ransomware attacks will become even more sophisticated and intense in 2024, with more originating via unmanaged or bring-your-own devices, and human operated ransomware attacks. Many attackers will shift their approach from double to triple extortion activities after ransomware attacks.

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SC Magazine

MAY 13, 2021

Every year, cyber events nudge up the digital risk level and we’ve become desensitized to the increasing temperature. So with the most recent Colonial Pipeline attack, we’re in a fast boil as cyber events are causing real world problems. By isolating and segmenting OT, organizations can stop the lateral spread of ransomware.

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Security Boulevard

JUNE 23, 2022

For instance, the IBM X-Force Command Cyber Tactical Operation Center offers a training platform that can run full-scale simulations of cyber incidents. 7 Practise dealing with the media. Serious cyber incidents will hit the headlines, so you need to have a media management strategy ready to limit any reputational damage.

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SC Magazine

JUNE 14, 2021

JBS facilities around the globe were impacted by a ransomware attack, forcing many of their facilities to shut down. Kurtis Minder, CEO of threat intelligence firm GroupSense, received a lot of press as a top negotiator in ransomware cases. Ransomware negotiations are sometimes portrayed as a money-making racket.

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