IT Governance

OCTOBER 4, 2021

Ransomware – malware that aims to prevent victims from accessing their data unless they pay their attackers – seems to be in the news more than ever before. Sophos’s most recent annual ransomware survey, The State of Ransomware 2021 , found that 37% of organisations surveyed in 2021 had been affected by ransomware in the previous year.

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Ransomware Insurance Phishing Access 134

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

KnowBe4

MAY 22, 2023

Food for thought as discussed on May 18, 2023, an article posted in The Australian Insurance Council: Banning paying a ransom to cyber hackers is counter-productive where Andrew Hall, the Chief Executive of the Insurance Council of Australia (ICA), stated that “attempts to ban businesses from paying ransoms for cyber attacks risks eroding trust and (..)

Insurance 82

Insurance Risk Government Security awareness 82

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

Data Protection Report

DECEMBER 8, 2022

Norton Rose Fulbright Canada’s cyber litigation team recently obtained an order in favour of an insurer, granting it relief from forfeiture in respect of more than 11 bitcoins from the assets seized from a prolific ransomware gang. [1] Insurers excluded from restitution order.

Ransomware 98

Ransomware Insurance IT Data breaches 98

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Risk 189

Risk Insurance Energy and Utilities Marketing 189

eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other.

Ransomware 98

Ransomware Encryption Cybersecurity Risk 98

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. Background.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

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

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups.

Ransomware 71

Ransomware Encryption Security awareness Cybersecurity 71

Hunton Privacy

JULY 1, 2022

(“Carnival”), the world’s largest cruise-ship operator, for violations of the Cybersecurity Regulation (23 NYCRR Part 500) in connection with four cybersecurity events between 2019 and 2021, including two ransomware events. .

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

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. Perform staff awareness training.

Insurance 89

Insurance Data breaches Risk Information Security 89

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. Regular training and simulations can help reduce risks associated with human errors. Erin: How has the ransomware threat evolved in recent years?

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

Security Affairs

MAY 13, 2021

FBI and DHS’s CISA have published a joint alert on DarkSide ransomware activity after the disruptive attack on Colonial Pipeline. FBI and DHS’s CISA have published a joint alert to warn of ransomware attacks conducted by the DarkSide group. The group provides Ransomware-as-a-Service (RaaS) to a network of affiliates.

Ransomware 107

Ransomware Phishing Encryption Risk 107

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. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

KnowBe4

MAY 16, 2023

[link] Munich Re: '3X Growth Estimated in Cyber Crime Costs Over the Next 4 Years' As cyber attacks continue to grow in sophistication and frequency, cyber insurers are expecting their market to double in the next two years. I've also talked quite a bit about cyber insurance and the recent trends. billion by 2027. "3x

Phishing 81

Phishing Insurance Passwords Ransomware 81

KnowBe4

APRIL 25, 2023

Once those bots—or agents—are trained, and autonomous enough to work on their own, that would be an important step in the direction of a world where AI-driven systems are able to be used for both good and bad. Get a look at THREE NEW FEATURES and see how easy it is to train and phish your users. Did you know? Did you know?

Insurance 72

Insurance Security awareness Phishing Ransomware 72

Hunton Privacy

NOVEMBER 8, 2023

The NYDFS, which regulates financial institutions including insurance companies, mortgage brokers and banks, adopted the original Cybersecurity Regulation in 2017. In the coming weeks, NYDFS will host an upcoming series of training sessions on the amended Cybersecurity Regulation to help regulated entities plan for compliance.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

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. Barely a week goes by without reports of a new strain or variant of malware wreaking havoc among companies. We hear about the big ones.

Ransomware 74

Ransomware Insurance Cybersecurity Manufacturing 74

The Last Watchdog

DECEMBER 27, 2021

The Solar Winds hack demonstrated supply chain exposures; the attempted poisoning of a Tampa suburb’s water supply highlighted public utilities at risk; and the Colonial Winds ransomware attack signaled cyber extortionist rings continuing to run rampant. Ransomware has been working well for the bad guys for quite some time now.

Privacy 235

Privacy Cybersecurity Ransomware Insurance 235

The Last Watchdog

SEPTEMBER 20, 2019

However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering. population 12,046, paid $460,000, respectively, for ransomware decryption keys. Ransomware attacks are trendy again,” Weller told me. “If

Ransomware 153

Ransomware Government Retail Security 153

IT Governance

SEPTEMBER 6, 2023

You can find the full list below, divided into four categories: cyber attacks, ransomware, data breaches, and malicious insiders and miscellaneous incidents. IT Governance found 73 publicly disclosed security incidents in August 2023, accounting for 79,729,271 breached records.

Data breaches 104

Data breaches Ransomware Insurance Privacy 104

Adam Levin

MARCH 2, 2020

You couldn’t go a week last year without seeing a ransomware headline in the news. Ransomware attacks on businesses skyrocketed 365 percent in 2019, and all signs point to more of the same in 2020. As bad as the ransomware scourge was for businesses, local governments arguably had it worse. What Is Ransomware?

Ransomware 86

Ransomware Encryption Insurance Cybersecurity 86

The Security Ledger

OCTOBER 23, 2018

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat. Read the whole entry. »

Insurance 40

Insurance Risk Digital transformation Ransomware 40

IT Governance

FEBRUARY 15, 2022

Cyber insurance will become more popular and more comprehensive. It’s led to a growing trend for organisations to purchase cyber insurance, which Forbes contributor Emil Sayegh believes will continue in 2022. This market squeeze will certainly affect the cyber insurance industry itself. “We

Security 142

Security Insurance Authentication Passwords 142

KnowBe4

MARCH 28, 2023

Security awareness training still has a place to play here." New-school security awareness training with simulated phishing tests enables your employees to recognize increasingly sophisticated phishing attacks and builds a strong security culture. Get a look at THREE NEW FEATURES and see how easy it is to train and phish your users.

Phishing 84

Phishing Security awareness Insurance Cybersecurity 84

IT Governance

DECEMBER 1, 2022

Ransomware. Brazilian health insurance firm Fisco Saúde hit by cyber attack (unknown). Brazilian health insurance firm Fisco Saúde hit by cyber attack (unknown). Cyber attack at Supeo disrupts trains in Denmark (unknown). Spain’s Generali España insurance company says it was hacked (unknown). Ransomware.

Data breaches 115

Data breaches Ransomware Personal data Insurance 115

eSecurity Planet

JUNE 16, 2022

Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 Cisco Umbrella , analyzing the threat environment for 2022, found that 86% of organizations experienced phishing, 69% experienced unsolicited crypto mining, 50% were affected by ransomware, and 48% experienced some form of information-stealing malware. Ransomware.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

eSecurity Planet

JUNE 7, 2022

Between high-profile ransomware attacks and mergers, it is a time of high stakes and great change for the industry. NINJIO Cybersecurity Awareness Training. NINJIO prepares organizations to defend against cyber threats through their engaging, video-based training courses. Visit website. ESET PROTECT Advanced. Visit website.

Cybersecurity 124

Cybersecurity Encryption Cloud Insurance 124

Security Affairs

NOVEMBER 14, 2022

As the risk of a cyberattack grows, it is pivotal to consider whether the directors of a company hit by a ransomware attack, for example, can bear any liability for negligence in failing to take steps to limit the risk. in the case of ransomware attacks. million, which increases to US$ 4.54

Insurance 116

Insurance Risk Ransomware Encryption 116

KnowBe4

MAY 29, 2019

Ransomware continues to rack up victims. Early this month the City of Baltimore announced ransomware had seized a variety of city government computer systems. One of the most distressing facts about ransomware is that it can be deployed across numerous devices within an organization to maximize the impact. Show Me the Money.

Ransomware 40

Ransomware Security awareness Insurance Cybersecurity 40

The Last Watchdog

DECEMBER 12, 2023

Focus on implementing robust backup and disaster recovery plans, user training, and the sharing of threat intelligence. Camellia Chan , Co-Founder and CEO, Flexxon Chan In a single month, major breaches hit MGM, DP World Australia, Philippine Health Insurance – just to name a few. For 2024, it will take a village!

Cybersecurity 258

Cybersecurity Phishing Authentication Analytics 258

IT Governance

MARCH 1, 2023

We offer a variety of resources to help understand and mitigate threats, from training courses and consultancy services to free guides. IT Governance is dedicated to helping organisations tackle the threat of cyber crime and other information security weaknesses. You can find the full list of data breaches and cyber attacks below.

Data breaches 130

Data breaches Ransomware e-Delivery Government 130

IT Governance

JUNE 15, 2022

Ransomware. Ransomware is the fastest-growing threat that organisations face. To mitigate the risk of ransomware, organisations must address both preventative and responsive measures. Although ransomware is the most talked-about form of malware, there are plenty of other types that organisations must be aware of.

Risk 144

Risk Security Passwords Phishing 144

KnowBe4

AUGUST 24, 2022

It's great budget ammo for security awareness training. You saw the title and are reading this, so I think you agree. Here is s short extract and I recommend you reading the whole article, link is below.

Insurance 73

Insurance Security awareness Cybersecurity Security 73

eSecurity Planet

MAY 2, 2024

Fortunately, vendor surveys identify five key cybersecurity threats to watch for in 2024: compromised credentials, attacks on infrastructure, organized and advanced adversaries, ransomware, and uncontrolled devices. No specific tool exists to defend specifically against nation state attacks, ransomware gangs, or hacktivists.

Cybersecurity 93

Cybersecurity Ransomware Passwords Cloud 93

KnowBe4

MAY 31, 2023

The next layer in your defense should be a user that's properly educated using security awareness training to easily identify financial fraud and other phishing-based threats, stopping them before they do actual damage. Get a look at THREE NEW FEATURES and see how easy it is to train and phish your users. By Jacqueline Jayne.

Phishing 77

Phishing File names Security awareness Risk 77