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How security pros, the insurance industry, and regulators can combat ransomware

SC Magazine

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. Insurance claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books.

Insurance 113
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Friday Five 7/9

Digital Guardian

Ransomware negotiators, cyber risks to the financial system, and why traditional passwords are here to stay - catch up on all of the week's infosec news with the Friday Five!

InfoSec 113
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This Is How Twitter Reacted to a log4j Weekend

SecureWorld News

Minecraft warned users to secure Java versions of the game: Amazon Web Services posted about the new cyber risk on its blog: "This vulnerability is severe and due to the widespread adoption of Apache Log4j, its impact is large.". Thankfully, the cyber tweets were not all doom and gloom. December 10, 2021.

InfoSec 98
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Taking a Proactive Approach to Mitigating Ransomware Part 1: You Can’t Neglect the Application Layer

Security Boulevard

Taking a Proactive Approach to Mitigating Ransomware Part 1: You Can’t Neglect the Application Layer ltabo Wed, 12/06/2023 - 18:42 Ransomware continues to dominate cybersecurity news. Recovery costs for ransomware attacks have also continued to increase year-over-year, up 30% from 2022 to 2023.

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Top 5 Security Trends this Summer: RSA Conference & Black Hat 2022

Webroot

Cyber insurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyber insurance has gained prominence across the industry. The cyber insurance market is expected to reach around $20B by 2025.

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Remember GDPR? Expect another set of cyber regulations around vulnerabilities

SC Magazine

Country-level guidelines are frequently absent or insufficient, and as a result, companies must ethically defend themselves, initiate vulnerability management programs, and decide whether to pay in ransomware attacks. Finnish infosec pros organized to track and protect patients from further abuse.

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Scattered Spider x RansomHub: A New Partnership

Digital Shadows

This English-speaking collective previously served as an affiliate for ransomware group “ALPHV” and now partners with “RansomHub.” We attributed the incident with high confidence to “Scattered Spider,” an English-speaking collective acting as an affiliate for the ransomware group “RansomHub.”