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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

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Artificial Intelligence blocks RYUK Ransomware invasion

CyberSecurity Insiders

France-based Dordogne Groupements Hospitaliers de Territoire (Dordogne GHT) has stopped RYUK Ransomware attack on its servers by using the AI propelled DarkTrace Threat monitoring and detection solution. DarkTrace offers Antigena, an autonomous response technology against cyber threats such as ransomware attacks.

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MOVEit Vulnerability: Active Exploitation by CL0P Ransomware

Cytelligence

One such concerning case involves the MOVEit Managed File Transfer (MFT) software, which has fallen victim to active exploitation by CL0P ransomware. Additionally, amidst these challenging times, CYPFER, a leading cybersecurity firm, has emerged as a trusted partner in protecting businesses from such cyber threats.

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Pre-ransomware notifications are paying off right from the bat

Malwarebytes

CISA (Cybersecurity and Infrastructure Security Agency) has published the first results of its pre-ransomware notifications that were introduced at the start of 2023. In order to develop the pre-ransomware notifications, CISA established the Joint Cyber Defense Collaborative (JCDC) to "unify cyber defenders from organizations worldwide".

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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

Cybersecurity threats are a growing menace, wreaking havoc on businesses and individuals alike. In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents.

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LW ROUNDTABLE: Cybersecurity takeaways of 2023 — and what’s ahead in 2024 ( part 3)

The Last Watchdog

Last Watchdog posed two questions: •What should be my biggest takeaway from 2023, with respect to mitigating cyber risks at my organization? ai Antani Many speculated that the ransomware attack on a Toyota supply chain player in Kojima, Japan was in retaliation for Japan’s aid to Ukraine. Our defensive strategies must evolve.

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Understanding the Cost of Cybersecurity Breaches for Small Businesses

Cytelligence

Understanding the cost of cybersecurity breaches is crucial for small business owners to highlight the importance of a cybersecurity audit and the role of ransomware services in safeguarding their operations and reputation. Falling victim to ransomware can result in severe business disruption, data loss, and an overwhelming financial burden.