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. The post Ohio Court rules out Ransomware Attack loss on Software appeared first on Cybersecurity Insiders.

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Adam Levin

JUNE 30, 2020

We’re not even halfway through 2020, and already it’s been a record-breaking year for ransomware attacks. No industry, category, size, or group is safe from this cyber scourge. Millions of inboxes have been hit with a variant of Avaddon ransomware. 1-99-employee companies are a target. What can CEOs do?

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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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Ransomware Cyber Insurance Backups Insurance 144

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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Insurance Cyber Insurance Ransomware InfoSec 113

SecureWorld News

FEBRUARY 5, 2025

Key findings: the cyber threat landscape in 2025 1. Ransomware and state-sponsored attacks continue to escalate Canada's critical sectorsincluding healthcare, energy, education, and retailhave become prime targets for cybercriminals. Ransomware is no longer an "if" but a "when," making proactive defense strategies essential.

InfoSec 77

InfoSec Energy and Utilities Cybersecurity Education 77

Security Affairs

JUNE 18, 2024

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers.

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SecureWorld News

APRIL 23, 2025

The DBIR breaks down breach trends across industries: Financial and Insurance: Heavily targeted by credential stuffing and phishing; fastest detection rates. Public Sector: DoS attacks and ransomware remain major concerns. Manufacturing: IP theft and ransomware are top risks; OT/ICS systems still lag in basic controls.

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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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SecureWorld News

MAY 2, 2025

Healthcare cybersecurity demand will be driven by ransomware resilience needs, FDA mandates for medical devices, and AI-powered threat detection," notes the Astute Analytica report. A primary catalyst is the sharp rise in ransomware and other attacks on hospitals and clinics.

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Bleeping Computer

AUGUST 17, 2021

Training material used by Conti ransomware affiliates was leaked online this month, allowing an inside look at how attackers abuse legitimate software seek out cyber insurance policies. [.].

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Cyber Insurance Ransomware Insurance Software 82

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.

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Digital Shadows

JANUARY 14, 2025

Key Findings The last quarter of 2024 proved to be a pivotal period for ransomware activity, marked by emerging threats and unexpected shifts among established groups. Ransomware Activity Hits All-Time High in December Ransomware attacks have been climbing steadily over the past few years, despite some temporary dips along the way.

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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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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

The Last Watchdog

OCTOBER 5, 2023

A shift from legacy, perimeter-focused network defenses to dynamic, interoperable defenses at the cloud edge, directed at ephemeral software connections, must fully play out. These emergent software and hardware advances will pave the way for factoring in quantum computers. Erin: How has the ransomware threat evolved in recent years?

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Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

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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Ransomware Architecture Manufacturing Encryption 105

Digital Shadows

OCTOBER 14, 2024

Key Points Ransomware activity grew by 2.3% In the short term, we expect a gradual increase in ransomware incidents, peaking by Q4 2024. In the long term, we anticipate a greater use of large language models (LLMs) in ransomware negotiations and a rise in exfiltration-only attacks. lower than in Q3 2023. compared to Q3 2023.

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Ransomware Social Engineering Insurance Cyber Insurance 94

Security Affairs

JANUARY 14, 2019

The US food giant Mondelez is suing Zurich for $100 Million after the insurance company rejected its claim to restore normal operations following the massive NotPetya ransomware attack. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance).

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Cyber Insurance Insurance Cyber Attacks Advertising 109

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 Malware 98

Security Affairs

FEBRUARY 8, 2024

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 Without any further ado, let’s have a look at the 7 most recent cyber security events. million, up 15% in three years.

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The Last Watchdog

APRIL 30, 2019

I had the chance at RSA 2019 to visit with George Wrenn, founder and CEO of CyberSaint Security , a cybersecurity software firm that plays directly in this space. That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” Wrenn said. “So

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Malwarebytes

JULY 27, 2022

Fighting against ransomware can be difficult—especially if your organization has limited IT resources to begin with. But Adam Kujawa, security evangelist and director of Malwarebytes Labs, has a few tips for overburdened IT folks looking to simplify their fight against ransomware. 3 tips to simplify the fight against ransomware.

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SecureList

NOVEMBER 9, 2022

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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CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

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Duo's Security Blog

DECEMBER 7, 2022

The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. One of the key areas he zoomed was why organizations should be doubling down on protecting themselves from ransomware attacks. What are you doing about backups?

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Insurance Cyber Insurance Ransomware Risk 98

Malwarebytes

MAY 2, 2022

Last week on Malwarebytes Labs: Why MITRE matters to SMBs Apple’s child safety features are coming to a Messages app near you Why software has so many vulnerabilities, with Tanya Janca: Lock and Code S03E09 Watch out for this SMS phish promising a tax refund Rogue ads phishing for cryptocurrency: Are you secure? URGENT BUSINESS PROPOSAL!!!”

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Cyber Insurance Insurance Cryptocurrency Scams 79

Digital Shadows

NOVEMBER 26, 2024

Despite a slowdown in “LockBit” ransomware activity due to law enforcement actions and a loss of affiliate trust, it remains a key player. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model. Despite the importance of employee training, sometimes it just isn’t enough.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

eSecurity Planet

JULY 8, 2022

Ransomware has now emerged as one of the key reasons to have a DR plan and DR technology in place. But it also requires software to orchestrate data movement, backup and restore technology to ensure a current copy of data is available, and the ability to recover systems and data rapidly. Disaster Recovery and Ransomware.

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Cytelligence

JANUARY 27, 2020

Ransomware is becoming an epidemic in the cybersecurity world, with new strains being created continuously by criminals to extort money out of unsuspecting users. What is Ransomware? Ransomware is a devastating attack on an organization’s or individual’s digital assets. Damages from ransomware in 2019 rose to over $11.5

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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.

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Mobile Cyber Insurance Malware Ransomware 48

CyberSecurity Insiders

DECEMBER 18, 2022

Persistent, widely available, lower-sophistication malware and run-of-the-mill phishing campaigns statistically remain a greater global risk to corporations than the newest, most devious exploit kit or ransomware typically associated with APT groups. 4 – Ransomware rushes to the cloud.

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NetSpi Executives

APRIL 27, 2024

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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Webroot

SEPTEMBER 24, 2024

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. From ransomware attacks to phishing scams, hackers are becoming more sophisticated. For SMBs: Invest in ransomware prevention and always back up your data. Patches often fix vulnerabilities that hackers could exploit.

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Webroot

OCTOBER 14, 2022

Since the mainstreaming of ransomware payloads and the adoption of cryptocurrencies that facilitate untraceable payments, malicious actors have been innovating new methods and tactics to evade the latest defenses. The 6 Nastiest Malware of 2022. 2022 was no different. Strategies for individuals.

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Duo's Security Blog

OCTOBER 18, 2021

The use of phishing to take over user accounts as a first step to gain access to a campus for a ransomware attack has been making the headlines. We’ve heard from campuses that haven’t widely implemented MFA yet that their cyber liability insurance providers are now requiring it. Higher education campuses in the U.S.

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Insurance Education Risk Cyber Insurance 97

Malwarebytes

SEPTEMBER 14, 2022

We've provided you with the basic software, call us if you have a problem.” Especially ransomware. Read Our Defender's Guide to Ransomware Resilience ! 5 technologies that help prevent cyber attacks for SMBs (ranked in order of importance). Bonus: Cyber insurance. Let’s recap.

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Technology DNS Cyber Insurance Insurance 81

SecureWorld News

OCTOBER 20, 2021

Especially because Accenture was hit with ransomware this year. On page 34 of the report, Accenture dives into the risk that cyber poses to the business. Accenture featured this earning's news on page 2 in a big, bold font.

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