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MY TAKE: Agile cryptography is coming, now that ‘attribute-based encryption’ is ready for prime time

The Last Watchdog

Encryption agility is going to be essential as we move forward with digital transformation. All of the technical innovation cybersecurity vendors are churning out to deal with ever-expanding cyber risks, at the end of the day, come down to protecting encrypted data. Refer: The vital role of basic research.

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

SC Magazine

Backups can be damaged, untested, prohibitively difficult to deploy, encrypted by attackers, or restore to the same breached state they backed up. In fact, the law firm BakerHostetler calculated that 20% of its clients who restore from backups also end up paying the ransom. Amy Sacka for Microsoft). million in ransom.

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SHARED INTEL: What can be done — today — to keep quantum computing from killing encryption

The Last Watchdog

In fact, there’s widespread recognition in corporate circles that the planning to address fresh cyber risks associated with quantum computing should have commenced long ago. Their trepidation is focused on the potential undermining of a core security component of classical computing systems: encryption. Germany and Japan.

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

SC Magazine

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. Brett Callow, threat analyst at Emsisoft, told SC Media he suspects the second scenario is more likely what the attackers have in mind when they posted the offer online.

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Ransomware Attack Hits Carnival Cruise Corporation: What We Know

SecureWorld News

What do we know about the Carnival Cruises ransomware attack? Hackers encrypted some files. Ransomware attacks 2020: what do cybercrminals want? At the end of the day, it almost always comes back to money," says Troia. The cruise line did not specify which of its cruise brands was impacted. Remediation is underway.

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MY TAKE: New ‘cyberthreat index’ shows SMBs cognizant of big risks, ill-prepared to deal with them

The Last Watchdog

Small and midsize businesses — so-called SMBs — face an acute risk of sustaining a crippling cyberattack. This appears to be even more true today than it was when I began writing about business cyber risks at USA TODAY more than a decade ago. Last February, Dallas-based email encryption vendor Zix Corp.

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