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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Chubb set the company up with Ankura, a cybersecurity recovery specialist that has also trained the FBI on cybersecurity. Most had been infected.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

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The Pain of Double Extortion Ransomware

Thales Cloud Protection & Licensing

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Many victims wind up paying a fraction of that amount, as they may be able to negotiate these charges down or rely on cyber insurance coverage to cover a portion of these costs.

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The Week in Cyber Security and Data Privacy: 23–29 October 2023

IT Governance

Records breached: 512,000 documents, with details of insurance investigations, vehicle registration certificates, notices of car seizures and payment card details. University of Tokyo PC Infected with Malware in July 2022; Possible Leak of Students’ Addresses, Grades Date of breach: July 2022 (first reported 24 October 2023).

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CyberheistNews Vol 13 #22 [Eye on Fraud] A Closer Look at the Massive 72% Spike in Financial Phishing Attacks

KnowBe4

According to the report, the financial services industry as a target has increased by 72% over 2022 and was the single largest target of financial fraud attacks, representing 49% of all such attacks. Your email filters have an average 7-10% failure rate; you need a strong human firewall as your last line of defense.

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The Hacker Mind Podcast: Hacking High-Tech Cars

ForAllSecure

In defeating feature fatigue, researchers from the University of Maryland presented participants in a controlled study with models of a new audio and video player that differed only in the number of features offered. A second study presented participants with a list of 25 features on a new audio or video player.

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Ethical Use of Data for Training Machine Learning Technology - Part 1

AIIM

This is the first part of a 3-part series on the Ethical Use of Data for Training Machine Learning Technology by guest authors Andrew Pery and Michael Simon. Moreover, such systems have been proven to be wildly inaccurate, as recent studies in the UK show, up to 96 percent. Part 1: Bad Things Can Come from Non-neutral Technology.

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