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 114

Ransomware Encryption Analytics Data breaches 114

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. The events of the past two years have made this shift clear: from ransomware attacks to the challenges of managing distributed workforces, digital risk is different. When security fails, cyber insurance can become crucial for ensuring continuity.

Insurance 82

Insurance Risk Cybersecurity Ransomware 82

IT Governance

OCTOBER 15, 2020

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

Insurance 122

Insurance Data breaches Risk Security 122

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

eSecurity Planet

OCTOBER 5, 2021

Spending money you hadn’t budgeted to hire experts to clean up an unexpected mess is at the bottom of every manager’s wish list, but in the case of a cyber attack as damaging as ransomware , turning incident response over to a pro may be the best thing you can do. Further reading: Best Ransomware Removal and Recovery Services.

Ransomware 136

Ransomware Insurance Cleanup Cybersecurity 136

DLA Piper Privacy Matters

MARCH 27, 2023

LOPMI introduces amendments to the insurability of losses and damages paid in response to cyber-attacks, including in relation to ransom payments – requiring that the payment of insurance compensation be conditional on the filing of a complaint, within a 72 hour time frame, to competent authorities.

Insurance 52

Insurance Risk Ransomware Cybersecurity 52

IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 105

Insurance IT Government Risk 105

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

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

Krebs on Security

JULY 19, 2021

Browse the comments on virtually any story about a ransomware attack and you will almost surely encounter the view that the victim organization could have avoided paying their extortionists if only they’d had proper data backups. “That is still somewhat rare,” Wosar said. “So you’re like, ‘Oh great. .'”

Ransomware 342

Ransomware Encryption Insurance Cybersecurity 342

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No.

Insurance 70

Insurance Cybersecurity Risk Education 70

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 Protection Report

FEBRUARY 27, 2020

Given the level of interest in the case, we have prepared a deeper-dive into the facts and the implications of the decision, with a focus on the important role played in the case by cyber insurance. Until recently, there had not been an example of a cyber insurer actively participating in a recovery action. The context.

Insurance 81

Insurance Risk Data breaches Personal data 81

Krebs on Security

OCTOBER 28, 2020

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. Reached by phone today, Jansson said he quit the company in August, right around the time Gunnebo disclosed the thwarted ransomware attack.

Ransomware 341

Ransomware Security Agriculture Cybersecurity 341

IT Governance

JULY 11, 2019

That’s a question more organisations are having to ask themselves nowadays, with at least 55 ransomware attacks reported in the first half of 2019. Identify that the attack is ransomware. Don’t assume that the person who has spotted the attack knows that it’s ransomware. See also: How does ransomware infect your systems?

Ransomware 99

Ransomware Insurance Encryption Paper 99

Security Affairs

OCTOBER 22, 2022

Healthcare and Public Health sector with ransomware. businesses, mainly in the Healthcare and Public Health (HPH) Sector, with ransomware operations. The Daixin Team is a ransomware and data extortion group that has been active since at least June 2022. ” reads the alert. .” ” reads the alert.

Ransomware 70

Ransomware IoT Phishing Encryption 70

Adam Levin

JUNE 30, 2020

We’re not even halfway through 2020, and already it’s been a record-breaking year for ransomware attacks. Millions of inboxes have been hit with a variant of Avaddon ransomware. Know the risks, get help if you need it, get insured, and take it seriously. 1-99-employee companies are a target. What can CEOs do?

Ransomware 74

Ransomware Insurance Cybersecurity Manufacturing 74

Thales Cloud Protection & Licensing

MAY 9, 2022

It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. This attack was one of the biggest ransomware ones to date. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. Mon, 05/09/2022 - 05:40.

Insurance 71

Insurance Ransomware Encryption Authentication 71

Krebs on Security

JUNE 15, 2023

CISA’s mandate follows a slew of recent attacks wherein attackers exploited zero-day flaws in popular networking products to conduct ransomware and cyber espionage attacks on victim organizations.

Risk 205

Risk Ransomware Cybersecurity Access 205

Krebs on Security

MARCH 5, 2024

healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. BlackCat is known as a “ransomware-as-service” collective, meaning they rely on freelancers or affiliates to infect new networks with their ransomware. There are indications that U.S.

Ransomware 331

Ransomware Insurance Government IT 331

IT Governance

JUNE 15, 2022

Attackers can guess these details if they know the victim personally or if they’re able to find the information online (for example, by searching for them on a social media site). Ransomware. Ransomware is the fastest-growing threat that organisations face. The service also comes with cyber insurance coverage of up to £500,000.

Risk 144

Risk Security Passwords Phishing 144

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

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

eSecurity Planet

DECEMBER 9, 2021

For cybersecurity personnel, our scope of responsibility may be limited to cyberattacks on IT systems, such as ransomware attacks, phishing attacks, and DDoS attacks. See the Best Ransomware Removal and Recovery Services. Be in-line with insurance policies. Incident Response Preparation. List incident response contacts.

Insurance 125

Insurance Ransomware Data breaches Cloud 125

IT Governance

JANUARY 5, 2024

These are only two examples, but combined already account for 484 incidents: 36% of this month’s total. *We AIC) 26,000,000 9 Snappfood >20,000,000 10 Alborz Insurance Company 19,500,000 Note 1: Where ‘around’, ‘about’, etc. Iran also significantly suffered in the insurance sector this month. We log this as 41 incidents.

Data breaches 97

Data breaches Insurance Manufacturing Ransomware 97

eSecurity Planet

DECEMBER 7, 2023

For example, The Health Insurance Portability and Accountability Act (HIPAA) requires security features such as encryption to protect patients’ health information. For example, the Hypertext Transfer Protocol Secure (HTTPS) protocol enables secure web connections that provide both security and integrity for connections.

Encryption 111

Encryption IT Passwords IoT 111

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 139

Ransomware Cloud Encryption Marketing 139

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

Security Affairs

APRIL 30, 2019

I can tell you that potential damages could be very expensive for companies, for example, the transportation giant Maersk announced in 2017 that it would incur hundreds of millions in U.S. Dollar losses due to the NotPetya ransomware massive attack. How much cost a security breach? percent in early trading on the Oslo Stock Exchange.

Insurance 80

Insurance Ransomware Security IT 80

eSecurity Planet

APRIL 29, 2024

For example, a clothing brand might select a business objective such as to develop unique and appealing designs. In the examples above, the clothing brand will use traditional and computer-aided design prototyping and marketing research. What objectives deliver maximum value to shareholders?

Risk 67

Risk Compliance Communications Insurance 67

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 257

Ransomware Cybersecurity Phishing Security 257

Data Matters

JANUARY 28, 2022

A few days after the Advisory, Ukrainian government websites were attacked by Russian actors while the Russian government simultaneously arrested members of the notorious ransomware gang REvil.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

Hunton Privacy

NOVEMBER 15, 2023

In March 2022, the Australian Cyber Security Centre (the “ACSC”, an agency within the Australian federal government) contacted the company to advise that it had received intelligence that Medlab may have been the victim of a ransomware incident. Class actions. The company also faces a risk of class actions.

Data breaches 128

Data breaches Privacy Risk Information Security 128

IT Governance

JUNE 18, 2018

One in five schools and colleges have fallen victim to cyber crime, according to research from the specialist insurer Ecclesiastical, yet the majority (74%) of educational establishments claim to be “fully prepared” to deal with such attacks. . Phishing and ransomware e-learning course . Describe ransomware and crypto-ransomware. .

Phishing 84

Phishing Ransomware Education Insurance 84

Security Affairs

NOVEMBER 8, 2020

Luxottica was hit by a ransomware attack that took place on September 18. In October, the Italian website “ Difesa e Sicurezza ” reported that that the Nefilim ransomware operators have posted a long list of files that appear to belong to Luxottica. The Italian company employs over 80,000 people and generated 9.4

Data breaches 76

Data breaches Insurance Retail Ransomware 76

IT Governance

APRIL 11, 2023

For instance, it could monitor users’ keystrokes or encrypt the user’s files in a ransomware attack. It can be used to launch ransomware, steal passwords and intellectual property, or act as a conduit to other organisations. YouTube has said its team are investigating the phishing campaign. “We’re

Phishing 114

Phishing Passwords Ransomware Insurance 114

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