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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected.

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5 Trends to Watch for Cybersecurity in 2023

SecureWorld News

Cyber insurance trends in 2023. As the three previous trends discussed how certain aspects of the cybersecurity industry will continue to grow in 2023, expect the same from the cyber insurance market. Security leaders will start integrating human risk management into their overall security strategy.

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Local government cybersecurity: 5 best practices

Malwarebytes

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Prohibit use of known/fixed/default passwords and credentials. 24/7 monitoring of cyber threats. Incident response.

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Tech Company Refuses to Pay Maze Ransomware Operators

SecureWorld News

In a conversation with Roger Grimes of security awareness firm KnowBe4, he discussed the dangers associated with nuclear ransomware: "They are going to determine your company's crown jewels and take it. We have this much data and this much information, it has customer data, employee data, we have everybody's passwords.

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One of ransomware’s top negotiators would rather you not have to hire him

SC Magazine

It actually almost matches up with maybe 70% or 80% of the clients that we’re supporting, who had almost identical attacks with an old credential, with a weak password on a VPN. Credential monitoring, password policy, [multi-factor authentication], are preventable problems. And, then, upgrading security awareness training.

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

terminal services, virtual private networks (VPNs), and remote desktops—often use weak passwords and do not require MFA. Attackers guess the passwords easily, find them in open source code repositories, or collect them via phishing. Some can’t afford not to pay, and some are covered by cyber insurance.

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Law Firm to the Stars Hit by Ransomware Attack

SecureWorld News

If the law firm had cyber insurance, the policy may cover part of a ransom payment. When Florida cities paid more than a million dollars to ransomware operators in 2019, insurance covered most of it. What could be happening behind the scenes of this ransomware attack? What could be happening right now in this case?