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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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New CACTUS ransomware appeared in the threat landscape

Security Affairs

Researchers warn of a new ransomware family called CACTUS that exploits known vulnerabilities in VPN appliances to gain initial access to victims’ networks. The new ransomware operation has been active since March 2023, despite the threat actors use a double-extortion model, their data leak site has yet to be discovered.

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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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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. What can you do?

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Why backups are not the panacea for recovery from a ransomware attack

SC Magazine

The most pervasive wisdom about preventing damage from ransomware is to backup systems, but that alone may not be enough. The most pervasive wisdom about preventing damage from ransomware is to backup systems. Indeed, recovering from ransomware can be tough. Amy Sacka for Microsoft). Backups can make it easier.

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Ransomware gang offers traders inside scoop on attack victims so they can short sell their stocks

SC Magazine

Brazen ransomware groups are continuing to seek out new avenues to rake in profits and ratchet up pressure on victims. An entry on the DarkSide Leaks site dated April 20 states: “Now our team and partners encrypt many companies that are trading on NASDAQ and other stock exchanges. bfishadow on Flickr, CC BY 2.0