Remove cyber-risk to-pay-or-not-to-pay-that-is-the-ransomware-question
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Ofcom Becomes the Latest Victim of MOVEit Supply Chain Attack

IT Governance

The UK’s broadcasting regulator, Ofcom, has revealed that it’s among the organisations whose data has been stolen in the massive MOVEit cyber attack. This is the latest in a series of cyber attacks exploiting a critical flaw in Progress Software’s MOVEit file transfer tool, which is used by thousands of organisations and as many as 3.5

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A Closer Look at the Snatch Data Ransom Group

Krebs on Security

Earlier this week, KrebsOnSecurity revealed that the darknet website for the Snatch ransomware group was leaking data about its users and the crime gang’s internal operations. It continues: “Prior to deploying the ransomware, Snatch threat actors were observed spending up to three months on a victim’s system.

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Medibank Defends its Security Practices as its Ransomware Woes Worsen

IT Governance

Medibank faced angry questioning during its annual general meeting yesterday as shareholders sought explanations for the organisation’s response to last month’s cyber attack. The Australian health insurance giant fell victim to ransomware in October, as a result of which the personal data of 9.7 The extent of the damage.

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Ransomware – To Pay, or Not to Pay?

Thales Cloud Protection & Licensing

Ransomware – To Pay, or Not to Pay? And when thinking about criminal innovation, ransomware attacks clearly fall into that definition of “disruptive”, especially for any business on the receiving end of that “innovation”. Tue, 06/14/2022 - 06:17. Tipping the Scales.

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Lloyd’s Will No Longer Include Nation-State Attacks in its Cyber Insurance Policies

IT Governance

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

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iNSYNQ Ransom Attack Began With Phishing Email

Krebs on Security

A ransomware outbreak that hit QuickBooks cloud hosting firm iNSYNQ in mid-July appears to have started with an email phishing attack that snared an employee working in sales for the company, KrebsOnSecurity has learned. And that posed risks based on what we did say publicly while the ransom negotiations were going on.

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Who gets to decide to pay the ransom in a ransomware attack?

Data Protection Report

The onslaught of ransomware attacks since the pandemic began has not slowed. Organizations have been faced with the task of continuously reviewing their cybersecurity programs to ensure they are following best practices to protect against ransomware groups.