Duo's Security Blog

JUNE 21, 2021

The advancing ransomware business is a threat not just for the big guys, but for organizations of every size. According to Verizon’s most recent Data Breach Incident Report , instances of advanced ransomware have doubled in the past year, alongside major upticks in phishing attacks and social engineering.

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CyberSecurity Insiders

JULY 29, 2022

Hive Ransomware group has reportedly locked down a school from digital access and is demanding £500,000 to free up data from encryption. What’s surprising about the incident is that the Hive Group has details that Wootton Educational Trust is covered under a cyber insurance and so is demanding the authorities to pay up huge i.e., £500,000.

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Javvad Malik

FEBRUARY 27, 2023

According to a German study, lightning strikes accounted for 80% of wind turbine insurance claims. The German electric power company Energieerzeugungswerke Helgoland GmbH shut down and dismantled their Helgoland Island wind power plant after being denied insurance against further lightning losses.

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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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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 Generative AI Impact : Generative AI will have a big role in cyber security, especially in areas like email protection and fighting social engineering attacks.

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The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

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Security Affairs

AUGUST 11, 2022

The Conti ransomware gang is using BazarCall phishing attacks as an initial attack vector to access targeted networks. BazarCall attack, aka call back phishing, is an attack vector that utilizes targeted phishing methodology and was first used by the Ryuk ransomware gang in 2020/2021. Stage Three. Stage Four.

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CyberSecurity Insiders

JANUARY 24, 2022

CINCINNATI–( BUSINESS WIRE )–Great American Insurance Group recently launched EagleEye? According to Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. We jumped at the opportunity to build a compelling solution for insureds.

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Malwarebytes

JANUARY 11, 2022

The group is behind major attacks such as the notorious colonial pipeline ransomware incident. There’s elements of social engineering involved, too. Social engineering their way to USB victory. The sticks have been sent to “ US businesses in the transportation, insurance, and defence industries ”.

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SecureWorld News

OCTOBER 18, 2022

But SecureWorld did just that on October 13th when we spoke with Theresa Payton on the topic of "Ransomware: Malware as an Ongoing Email Issue." Why is ransomware a popular attack method? Payton said it's still prominent simply "because it works for ransomware syndicates. Social engagement works; it's very sneaky," he said.

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Pen Test

OCTOBER 10, 2023

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

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SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

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eSecurity Planet

SEPTEMBER 10, 2021

In a year where ransomware has raised the alert levels everywhere, the go-to answer from many is redundancy through offline, remote backups – but are they enough? As ransomware threats loom, we look at where backups fall short, and what to keep in mind to optimize network and data security. Where Backups Fall Short Against Ransomware.

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eSecurity Planet

MAY 30, 2024

Ransomware attacks and data breaches make headlines when they shut down huge connected healthcare providers such as Ascension Healthcare or Change Healthcare. 2024 looks like it will only increase the number of affected individuals considering the scale of ransomware attacks from the first half of the year in the USA, Canada, and Australia.

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The Last Watchdog

DECEMBER 27, 2021

The Solar Winds hack demonstrated supply chain exposures; the attempted poisoning of a Tampa suburb’s water supply highlighted public utilities at risk; and the Colonial Winds ransomware attack signaled cyber extortionist rings continuing to run rampant. Ransomware has been working well for the bad guys for quite some time now.

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Herjavec Group

JULY 20, 2021

We’ve all seen and heard about the most recent surge in ransomware attacks on business and government entities. Ransomware” is a weaponized type of malware and viruses specially crafted by cybercriminals that uses encryption to lock up an organization’s critical information assets and sensitive data. Why Ransomware has Increased.

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Malwarebytes

MARCH 10, 2021

The REvil ransomware (AKA Sodinokibi , which operates as a Ransomware as a Service ) is adopting some outreach techniques after initial compromise , designed to shame victims into paying up. Malware authors and social engineers have relied on shame and the threat of exposure for years. Shaming victims into action.

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The Last Watchdog

DECEMBER 12, 2023

Camellia Chan , Co-Founder and CEO, Flexxon Chan In a single month, major breaches hit MGM, DP World Australia, Philippine Health Insurance – just to name a few. The majority of ransomware attacks gained initial access by defeating legacy MFA. I really feel as though the bad guys have the upper hand. For 2024, it will take a village!

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Security Affairs

FEBRUARY 26, 2023

Clasiopa group targets materials research in Asia CERT of Ukraine says Russia-linked APT backdoored multiple govt sites UK won the Military Cyberwarfare exercise Defence Cyber Marvel 2 (DCM2) CISA warns of disruptive attacks amid the anniversary of Russia’s invasion of Ukraine Highly evasive cryptocurrency miner targets macOS Hackers are actively exploiting (..)

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SecureWorld News

DECEMBER 7, 2022

From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity. Cyber insurance trends in 2023. I t will be crucial for everyone to stay informed and prepared.

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SecureWorld News

OCTOBER 4, 2021

Still, little was reported about the details of the cyber incident, including who the attackers are, how the cyberattack happened, and the social engineering methods used to make the email look official. Peterborough has insurance through NH Primex. BEC attacks continue, with less fanfare than ransomware.

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eSecurity Planet

SEPTEMBER 14, 2022

As a matter of fact, the most-reported crime in the 2021 Internet Crime Report report was phishing , a social engineering scam wherein the victim receives a deceptive message from someone in an attempt to get the victim to reveal personal information or account credentials or to trick them into downloading malware. Social Tactics.

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Security Boulevard

MAY 12, 2022

Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. The Role Of Cybersecurity Insurance In A Predictive Security. What Is Not Covered Under Cyber Insurance?

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SecureWorld News

APRIL 1, 2021

Ransomware has been one of the hottest topics in cybersecurity during the last year. A storm made more severe by the pandemic, with so many employees working remotely, exacerbating the risk of ransomware. However, there are other contributing factors to the rise in ransomware the world witnessed in 2020.

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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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Herjavec Group

AUGUST 23, 2021

LockBit ransomware was initially discovered in September 2019. Since then, the malware has been used in ransomware attacks against a range of industries located across the globe. 0”, a double-extortive Ransomware-As-A-Service (RaaS) operation. . ” as their new and improved version of the ransomware.

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BH Consulting

NOVEMBER 15, 2022

He analysed ten years of ransomware and found the problem, in terms of volume and frequency, was in 2014. “So So something good is already happening… We’ve already survived peak ransomware in the historical view,” he said. Ransomware: don’t pay later. He also warned against using insurance payouts to cover losses.

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Security Affairs

APRIL 28, 2022

The criminal group had been mailing malware-ridden USBs to various entities in the transport, insurance, and defense industries under the guise that they originated from a trusted source, such as Amazon and the US Department of Health and Human Services. Social engineering is a prerequisite to almost all cyberattacks.

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The Last Watchdog

OCTOBER 5, 2023

Byron: The economic impact of phishing, ransomware, business logic hacking, Business Email Compromise (BEC) and Distributed Denial of Service (DDoS) attacks continues to be devastating. Erin: What are some of the most common social engineering tactics that cybercriminals use? Byron: It’s an important risk management tool.

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BH Consulting

JUNE 13, 2023

Almost three-quarters of breaches (74 per cent) involve the human element through error, social engineering, stolen credentials or misusing privileges. Half of all social engineering attacks involve ‘pretexting’, where criminals fabricate a story to trick the victim. When is a cybersecurity incident a GDPR data breach?

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Malwarebytes

JULY 5, 2021

Other cybersecurity news.

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BH Consulting

SEPTEMBER 7, 2022

As demand for cyber risk insurance increases, two recent developments could have policyholders scrambling to check their cover. In the United States, a judge dismissed a claim against an insurance company that refused to pay extra for losses due to business email compromise. And the cyber insurance market keeps growing.

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eSecurity Planet

JUNE 7, 2022

Between high-profile ransomware attacks and mergers, it is a time of high stakes and great change for the industry. The products in question are Heimdal Threat Prevention, Patch & Asset Management, Ransomware Encryption Protection, Antivirus, Privileged Access Management, Application Control, Email Security, and Remote Desktop.

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Identity IQ

DECEMBER 20, 2023

Major Breaches of 2023 Casino operator attacks: Casino giants MGM and Caesars were hit by disruptive cyberattacks in September involving concerning tactics such as social engineering. The evolving tactics of cybercriminals, from ransomware to data theft and extortion, demonstrate the urgency of fortifying personal information.

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SecureWorld News

SEPTEMBER 27, 2020

It might be the worst-kept secret in all of cybersecurity: the FBI says don't pay ransomware gangs. corporations report being attacked by ransomware last year. RELATED: Watching a 7-Figure Ransomware Negotiation ]. How to stop or at least stall the exponential growth of ransomware attacks? That's what Art Ehuan does.

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SecureWorld News

OCTOBER 20, 2021

Especially because Accenture was hit with ransomware this year. In addition, our liability insurance, which includes cyber insurance, might not be sufficient in type or amount to cover us against claims related to security incidents, cyberattacks and other related incidents.". And that is the end of the section on cyber risk.

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Security Boulevard

SEPTEMBER 19, 2022

Often organizations will leverage cybersecurity insurance and managed services to respond to the negative impact of current and future incidents. Do the current SecOps and DevOps processes provide relevant and sustainable support for emerging threats, including ransomware, email phishing attacks, and social engineering?

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