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HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost

Security Affairs

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time. Very important!

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How to Decrypt Ransomware Files – And What to Do When That Fails

eSecurity Planet

However, even with the best planning, organizations can find a few users, machines, or systems that were overlooked or whose backup may be corrupted or encrypted. First, call the cyber insurance company that issued the organization’s cybersecurity policy. Insured companies often will not have options. Eliminate attacker access.

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Security Blueprints of Many Companies Leaked in Hack of Swedish Firm Gunnebo

Krebs on Security

In March 2020, KrebsOnSecurity alerted Swedish security giant Gunnebo Group that hackers had broken into its network and sold the access to a criminal group which specializes in deploying ransomware. The company has operations in 25 countries, more than 4,000 employees, and billions in revenue annually.

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Don’t Wanna Pay Ransom Gangs? Test Your Backups.

Krebs on Security

This story isn’t about what organizations do in response to cybercriminals holding their data for hostage , which has become something of a best practice among most of the top ransomware crime groups today. We have backups, the data is there, but the application to actually do the restoration is encrypted.’

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One Year Later: What Have We Learned Since the Colonial Pipeline Attack

Thales Cloud Protection & Licensing

Service was then resumed in mid-May, and a group called Darkside was involved in the attack, according to the FBI. For example, both directives makes it mandatory for all agencies to deploy multi-factor authentication and encryption. Cyber insurance coverage ramps up. Encrypt sensitive data at rest, in motion and in use.

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Daixin Team targets health organizations with ransomware, US agencies warn

Security Affairs

US government agencies warned that the Daixin Team cybercrime group is actively targeting the U.S. CISA, the FBI, and the Department of Health and Human Services (HHS) warned that the Daixin Team cybercrime group is actively targeting U.S. Healthcare and Public Health sector with ransomware. ” reads the alert. administrative?accounts,

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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.