2022 Analysis Encryption Insurance 
Security Affairs
JANUARY 6, 2024
Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.
Security Affairs
JANUARY 2, 2024
A team of researchers released a suite of tools that could help victims to decrypt data encrypted with by the Black Basta ransomware. Independent security research and consulting team SRLabs discovered a vulnerability in Black Basta ransomware’s encryption algorithm and exploited it to create a free decryptor.
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Security Affairs
JANUARY 23, 2024
The Black Basta ransomware group has been active since April 2022 , like other ransomware operations, it implements a double-extortion attack model. A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022.
eSecurity Planet
JULY 8, 2022
The global cost of ransomware has risen from $325 million to $20 billion from 2016 to 2021, and on average, only 65% of encrypted data was restored after a ransom was paid. Here are our top picks based on our analysis of the DR market. The post Best Disaster Recovery Solutions for 2022 appeared first on eSecurityPlanet.
eSecurity Planet
JUNE 16, 2022
Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Also read: Best Antivirus Software of 2022. The 2022 SonicWall Cyber Threat Report found that all types of cyberattacks increased in 2021. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4
eSecurity Planet
JULY 12, 2022
Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. The ransom demand was $3.6
Security Affairs
SEPTEMBER 23, 2023
The Royal group began reconnaissance activity in April 2023, and the analysis of system log data dates the beginning of the surveillance operations on April 7, 2023. The command-and-control beacons allowed Royal to prepare the City’s network resources for the May 03, 2023, ransomware encryption attack.”
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