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Worrying Ransomware Trends, and What to Do About Them

IT Governance

This trend was confirmed by the 2024 Data Breach Investigations Report : Verizon found a significant jump in ransomware/extortion attacks compared to the 2023 report. So, I sat down with cyber incident responder Vanessa Horton to get her expert insights into this trend. What ransomware trends have you noticed?

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Insurance 119
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GUEST ESSAY: Cyber insurance 101 — for any business operating in today’s digital environment

The Last Watchdog

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

Insurance 222
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Crypto Bug Uncovers 'WannaCry 2.0' Clues

Data Breach Today

The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean Monero laundering. Also featured are cyber insurance trends and cybercrime innovation.

Insurance 269
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The False Economy of Deprioritising Security

IT Governance

In the UK, cyber security has been dropping down the board’s list of priorities. The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. Fewer directors, trustees and other senior managers of both UK businesses and charities see cyber security as a high priority in 2023 compared to 2022.

Security 114
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Medical Debt Collection Firm R1 RCM Hit in Ransomware Attack

Krebs on Security

The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.

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Top financial services trends of 2024

IBM Big Data Hub

While high interest rates and inflation concerns are carrying over into the new year, financial services trends signal to prepare for major changes in real-time by staying up-to-date on all financial services-related matters, including in banking and capital markets sectors. One example of this is in insurance.