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Cyber Insurance: Higher Premiums, Limited Coverage

Data Breach Today

GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.

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GUEST ESSAY: How the ‘Scattered Spiders’ youthful ring defeated MFA to plunder Vegas

The Last Watchdog

That’s largely because the splashy headlines and online buzz created by bringing down the pair of casinos will only motivate more mid-level cybercriminals to follow Scattered Spiders’ model, putting wide-reaching businesses at risk of ransomware attacks due to the rise of ransomware-as-a-service models.

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Hunters International ransomware gang claims to have hacked the Fred Hutch Cancer Center

Security Affairs

The Hunters International ransomware gang claims to have hacked the Fred Hutchinson Cancer Center (Fred Hutch). Another healthcare organization suffered a ransomware attack, the Hunters International ransomware gang claims to have hacked the Fred Hutchinson Cancer Center (Fred Hutch). ” reported the Seattle Times. “If

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The Link Between Ransomware and Cryptocurrency

eSecurity Planet

There are few guarantees in the IT industry, but one certainty is that as the world steps into 2022, ransomware will continue to be a primary cyberthreat. The dangers from ransomware have risen sharply since WannaCry and NotPetya hit the scene in 2017, and this year has been no different. Cryptocurrency Fuels Ransomware.

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Ransomware: Now Is the Time to Address This Challenge

Thales Cloud Protection & Licensing

Ransomware: Now Is the Time to Address This Challenge. Reports are indicating that cyberattacks are growing in volume and impact as ransomware tactics have become more advanced and damaging. The extent and impact of these attacks has turned ransomware into a global problem, affecting public and private organizations.

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New Ransom Payment Schemes Target Executives, Telemedicine

Krebs on Security

Ransomware groups are constantly devising new methods for infecting victims and convincing them to pay up, but a couple of strategies tested recently seem especially devious. Department of Health and Human Services (HHS) warned that Venus ransomware attacks were targeting a number of U.S. “ Cl0p ” a.k.a.

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LW ROUNDTABLE: Cybersecurity takeaways of 2023 — and what’s ahead in 2024 ( part 3)

The Last Watchdog

ai Antani Many speculated that the ransomware attack on a Toyota supply chain player in Kojima, Japan was in retaliation for Japan’s aid to Ukraine. In the next year, we will see a strong market push for tighter integration and preference for platforms that address multiple use cases vs. point solutions. Educate your workforce.