Remove Encryption Remove Government Remove Insurance Remove Paper
article thumbnail

After Springhill: Assessing the Impact of Ransomware Lawsuits

eSecurity Planet

” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. Cyber Regulations Could Bring Fairness.

article thumbnail

Ransomware victim Travelex forced into administration

IT Governance

It was later reported that the REvil ransomware gang encrypted more than 5GB of sensitive data and demanded $6 million (about £4.6 The majority of its business was shut down entirely, and processes that could continue were performed at a crawl, with staff resorting to pen and paper. million) for its return.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to handle a ransomware attack

IT Governance

That way, when crooks encrypt your systems, there’s no need to worry. Many ransomware victims use pen and paper instead of computers where possible. For example, you should provide them with said pens and paper, direct them to hard copies of information they might need and bring in colleagues who can’t work to help out.

article thumbnail

Preparing for Ransomware: Are Backups Enough?

eSecurity Planet

For ransomware attacks where network data gets encrypted , backups are the definitive method for restoring network infrastructure. Considering these costs, the Sophos State of Ransomware white paper reported the average cost to recover from a ransomware attack had doubled to $1.85 Beyond Encryption: Exfiltration and Extortion.

article thumbnail

Weekly podcast: Password managers, unpatched vulnerabilities, formjacking and Wendy’s

IT Governance

Hello, and welcome to the IT Governance podcast for Thursday, 21 February 2019. million of this amount, the rest being covered by insurance. The post Weekly podcast: Password managers, unpatched vulnerabilities, formjacking and Wendy’s appeared first on IT Governance Blog. Here are this week’s stories.

article thumbnail

Ransomware: Keep the Bitcoin in Your Wallet

KnowBe4

Early this month the City of Baltimore announced ransomware had seized a variety of city government computer systems. The pernicious SamSam ransomware strain forced the police department to pen and paper, gridlocked the court system, and stopped online utility bill paying in its tracks. Consider Cybersecurity Insurance.

article thumbnail

Regulatory Update: NAIC Spring 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.