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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

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

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The Pain of Double Extortion Ransomware

Thales Cloud Protection & Licensing

The problem is that businesses are not yet aware of double or triple extortion ransomware and how these tactics can affect their data protection strategies. According to a separate study 2 , double extortion, which became popular in the first quarter of 2020, collects confidential business information before encrypting a victim's database.

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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

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Global October Cybersecurity Events: Where You Can Find Thales

Thales Cloud Protection & Licensing

Along with celebrating Cyber Security Awareness Month, several exciting events are taking place across the world, aiming to educate people on the latest trends in cybersecurity and privacy. By collaborating closely with Google Cloud, Thales has helped cloud customers take security and control of their data to new levels.

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OCR Settlement Emphasizes Importance of Implementing Safeguards to Protect PHI

Hunton Privacy

Department of Health and Human Services’ Office for Civil Rights (“OCR”) entered into a resolution agreement with MAPFRE Life Insurance Company of Puerto Rico (“MAPFRE”) relating to a breach of protected health information (“PHI”) contained on a portable storage device. On January 18, 2017, the U.S.

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Ransomware: Keep the Bitcoin in Your Wallet

KnowBe4

Hackers break in and rely on the malware to encrypt vital files or render machines useless. The organization is not able to access the encrypted data. Consider Cybersecurity Insurance. The city of Baltimore didn’t have a cybersecurity insurance policy before the attack but is reportedly in the market for coverage.

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CyberheistNews Vol 13 #17 [Head Start] Effective Methods How To Teach Social Engineering to an AI

KnowBe4

Blog post with (lots of) links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore. link] [Head Scratcher] More Companies With Cyber Insurance Are Hit by Ransomware Than Those Without? Users beware.