IG Guru

MAY 21, 2021

“The word to get out today is that, regarding ransomware, we don’t pay and we won’t pay,” cybercrime prosecutor Johanna Brousse said at the hearing. The post Insurer AXA to Stop Paying for Ransomware Crime Payments in France via Insurance Journal appeared first on IG GURU. Only the U.S. Only the U.S.

Insurance 53

Insurance Ransomware Government Cybersecurity 53

IBM Big Data Hub

JANUARY 22, 2024

It’s the news no organization wants to hear―you’ve been the victim of a ransomware attack, and now you’re wondering what to do next. Over 17 percent of all cyberattacks involve ransomware —a type of malware that keeps a victim’s data or device locked unless the victim pays the hacker a ransom.

Ransomware 107

Ransomware Encryption Analytics Data breaches 107

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization. regulations.

Insurance 71

Insurance Cybersecurity Cleanup Ransomware 71

Security Affairs

SEPTEMBER 23, 2023

The City of Dallas revealed that the Royal ransomware gang that hit the city system in May used a stolen account. In May 2023, a ransomware attack hit the IT systems at the City of Dallas , Texas. CBS News Texas obtained an image the ransomware note dropped by the malware on the infected systems. ” continues the report.

Ransomware 120

Ransomware Encryption Systems administration Cybersecurity 120

eSecurity Planet

OCTOBER 5, 2021

Malware has been around for nearly 40 years, longer even than the World Wide Web, but ransomware is a different kind of threat, capable of crippling a company and damaging or destroying its critical data. Ransomware Protection and Recovery Steps. Ransomware removal tools. Ransomware recovery services. Data backup.

Ransomware 139

Ransomware Encryption Cybersecurity Insurance 139

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. Background.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Hunton Privacy

JULY 1, 2022

(“Carnival”), the world’s largest cruise-ship operator, for violations of the Cybersecurity Regulation (23 NYCRR Part 500) in connection with four cybersecurity events between 2019 and 2021, including two ransomware events. .

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Hunton Privacy

NOVEMBER 8, 2023

The NYDFS, which regulates financial institutions including insurance companies, mortgage brokers and banks, adopted the original Cybersecurity Regulation in 2017. For certain other requirements, regulated entities will have between one and two years to reach compliance. The amended Cybersecurity Regulation will take effect in phases.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

Hunton Privacy

SEPTEMBER 22, 2021

Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments (the “Updated Advisory”) on the sanctions risks associated with facilitating ransomware payments. As a result, companies subject to U.S. jurisdiction are blocked, and U.S.

Ransomware 101

Ransomware Risk Compliance Insurance 101

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

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.

Ransomware 119

Ransomware Encryption Cybersecurity Access 119

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures. Conduct regular vulnerability scans.

Insurance 89

Insurance Data breaches Risk Information Security 89

Data Matters

OCTOBER 8, 2020

individuals and businesses comply with ransomware payment demands. Ransomware attacks use malware, often injected through phishing schemes, to encrypt a victim’s data files or programs, followed by a ransom demand by the threat actor that offers the decryption key in exchange for payment. sanctions law violations if U.S.

Ransomware 68

Ransomware Compliance Risk Government 68

Information Governance Perspectives

MAY 10, 2020

In May of 2020 I was honored to speak at the MERv conference with John Frost of Box on the topic of Using Information Governance with a Privacy Compliance Plan as the Fulcrum for Data Privacy and Continuous Compliance. Privacy makes data governance ethical and tangible, and compliance leaders understand that.

Compliance 52

Compliance Information governance Privacy Data Privacy 52

IBM Big Data Hub

MAY 28, 2024

Data availability —ensuring critical data is available for business operations even during a data breach, malware or ransomware attack. They assign all users a distinct digital identity with permissions tailored to their role, compliance needs and other factors.

Data breaches 73

Data breaches GDPR Compliance Encryption 73

eDiscovery Daily

JANUARY 30, 2020

Maryland is currently considering a bill to become only the third state after Michigan and Wyoming, to criminalize the possession and distribution of ransomware. Certainly a motivating factor may have occurred when hackers hit Baltimore, Maryland’s largest city, with a RobbinHood ransomware attack on May 7, 2019. So, what do you think?

Ransomware 69

Ransomware Cybersecurity Insurance Education 69

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: How has the ransomware threat evolved in recent years? What factors should organizations consider when selecting a cyber insurance policy?

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

The Last Watchdog

OCTOBER 26, 2021

Addressing compliance, security. And there are two other intertwined drivers in play: compliance and security. These compliance pressures stem directly from the malicious hacking that continues to devastate individuals’ privacy and generally wreak havoc with data security. The stakes are sky high to get everything right.

Digital transformation 230

Digital transformation Compliance Encryption Authentication 230

eSecurity Planet

APRIL 29, 2024

Risk then prioritizes security controls with the goal to deliver truly effective security as opposed to checkbox compliance. Governance, risk, and compliance (GRC): Tracks data risks in a daily regulatory context with less attention paid to technologies, strategies, and business goals. What Is an Integrated Risk Management Framework?

Risk 65

Risk Compliance Communications Insurance 65

eSecurity Planet

JULY 8, 2022

Ransomware has now emerged as one of the key reasons to have a DR plan and DR technology in place. Disaster Recovery and Ransomware. In the event of ransomware, the enterprise needs to have access to an uncorrupted copy of its data, so it can refuse to submit to cyber criminals’ demands.

Ransomware 142

Ransomware Cloud Encryption Marketing 142

The Last Watchdog

APRIL 30, 2019

The participation led to the idea behind CyberSaint The company supplies a platform, called CyberStrong, that automatically manages risk and compliance assessments across many types of frameworks. That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” Wrenn said. “So

Cybersecurity 173

Cybersecurity Insurance Security Privacy 173

Hunton Privacy

MAY 16, 2017

On May 12, 2017, a massive ransomware attack began affecting tens of thousands of computer systems in over 100 countries. The ransomware, known as “WannaCry,” leverages a Windows vulnerability and encrypts files on infected systems and demands payment for their release. Litigation.

Ransomware 61

Ransomware Insurance Access Information Security 61

Thales Cloud Protection & Licensing

JUNE 15, 2023

KMaaS providers typically offer features such as FIPS 140-2 certified Hardware Security Modules (HSMs) to ensure the highest security and compliance for sensitive keys. Sustained compliance: Encryption and effective key management are key requirements across all security and privacy regulations.

Encryption 134

Encryption Compliance Cloud Authentication 134

Data Protection Report

SEPTEMBER 11, 2017

Still, in what for the moment might seem like a more pedestrian risk, companies continue to be affected by ransomware. One of the unique aspects of ransomware is that it does not involve just stealing information, but makes the information unavailable to the business. General ransomware risk disclosures.

Risk 40

Risk Ransomware Insurance Data breaches 40

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust.

Cloud 74

Cloud Financial Services Risk Business Services 74

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. The SEC’s Order provides critical insight for public companies’ disclosure regimes.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Krebs on Security

DECEMBER 13, 2021

The consulting firm PricewaterhouseCoopers recently published lessons learned from the disruptive and costly ransomware attack in May 2021 on Ireland’s public health system. The unusually candid post-mortem found that nearly two months elapsed between the initial intrusion and the launching of the ransomware.

Ransomware 274

Ransomware Cybersecurity Phishing Security 274

KnowBe4

DECEMBER 6, 2022

You told us you have challenging compliance requirements, not enough time to get audits done, and keeping up with risk assessments and third-party vendor risk is a continuous problem. KCM GRC is a SaaS-based platform that includes Compliance, Risk, Policy and Vendor Risk Management modules. Blog post with links: [link]. Save My Spot!

Security awareness 89

Security awareness Phishing Risk Insurance 89

IT Governance

FEBRUARY 21, 2024

ALPHV/BlackCat ransomware gang adds 2.7 TB of ASA Electronics data to its leak site The ALPHV/BlackCat ransomware gang is attempting to extort a ransom from ASA Electronics for 2.7 Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Date breached: 384,658,212 records.

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52

IT Governance

JANUARY 9, 2020

Ransomware will continue to increase. Cyber insurance has in some regions encouraged victims to pay as it is cheaper than remediation in some cases. The complexity of ransomware is such that there have been decoders released by attackers that have bugs that prevent the decryption of the data. Open banking will be targeted.

Security 98

Security IoT Phishing Ransomware 98

IBM Big Data Hub

JULY 7, 2023

Malware attacks via backdoors made up 21% of all incidents, and 17% were ransomware attacks. Threats can come in the form of destructive malware, phishing or ransomware. Regulatory compliance efforts are just a start Amid growing public concern about data privacy, governments worldwide are introducing stringent compliance regulations.

Security 40

Security Data breaches Data Privacy Compliance 40

IT Governance

JANUARY 9, 2024

LockBit claims responsibility for Capital Health security incident The LockBit ransomware group has claimed responsibility for an attack on Capital Health , a healthcare provider in Pennington, New Jersey, last November. The compromised data allegedly includes names, email addresses and phone numbers. Data breached: 41,500,000 records.

Data Privacy 75

Data Privacy Privacy Manufacturing Data breaches 75

ForAllSecure

MAY 17, 2023

Small to Medium Business are, today, the target of APTs and ransomware. Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. VAMOSI: Cybersecurity insurance.

Insurance 40

Insurance Privacy Ransomware GDPR 40

eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other.

Ransomware 98

Ransomware Encryption Cybersecurity Risk 98

Security Affairs

NOVEMBER 11, 2018

Kraken ransomware 2.0 Group-IB and CryptoIns introduce the worlds first insurance against cyber threats for cryptocurrency exchanges. Compliance to Cybersecurity Requirements and False Claims Act. Let me inform you that my new book, “Digging in the Deep Web” is online with a special deal. 20% discount. Paper Copy.

Security 69

Security IoT Insurance Libraries 69

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.

Cybersecurity 97

Cybersecurity Access Insurance Security 97

IT Governance

MAY 3, 2018

The Department of Health and Social Care has signed a deal with Microsoft to upgrade the NHS’s extensive IT estate to Windows 10 in an attempt to bolster its cyber resilience in the wake of last year’s WannaCry ransomware outbreak. million and received payments of $50.0 million for costs incurred to date”. Well, that’ll do for this week.

Computer and Electronics 66

Computer and Electronics Insurance Data breaches Information Security 66