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Study Downplays Cyber Insurance As Incentive to Pay Ransom

Data Breach Today

RUSI Study Finds 'No Smoking Gun' Suggesting Insureds Pay Extortion More Readily Fears that cyber insurance coverage drives companies into paying ransomware demands more easily than not appear unfounded, concludes a British think tank study that also suggests insurers should do more to enact corporate discipline.

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Ransomware Disrupts Hospital Services in Romania and France

Data Breach Today

Emergency Services Are Suspended as Digital Systems Are Pulled Offline Ransomware operators disrupted emergency healthcare services over the weekend, crippling operations in nearly two dozen hospitals in Romania and France. Ransomware attacks increase the in-hospital mortality rate for already-admitted patients, a recent study concluded.

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Study Reveals Conti Affiliates Money Laundering Practices

Data Breach Today

Affiliates Relied on Less Complex, Trackable Methods, It Says Contrary to the popular notion that ransomware hackers are sophisticated launderers of their stolen money, research shows they use straightforward mechanisms to transfer their bitcoin - allowing researchers to follow their money trail.

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Case Study: A REvil Ransom Negotiation

Data Breach Today

Security Firm Elliptic Illustrates How Group Was Willing to Reduce Its Demands The blockchain analysis firm Elliptic offers a step-by-step case study, based on its research, of how one victim of the REvil ransomware gang negotiated a lower ransom payment.

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Ransomware Attackers Don't Take Holidays

Data Breach Today

Cybereason's Sam Curry shares insight from the new study "Organizations at Risk: Ransomware Attackers Don’t Take Holidays." Cybereason's Sam Curry on the Financial and Business Impact of After-Hours Strikes Cyberattackers love to strike on weekends and holidays - that's not news.

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Tracking Ransomware: Here's Everything We Still Don’t Know

Data Breach Today

Known Unknowns Include Count of Victims and Ransoms Paid, Criminal Profits and More How many organizations fall victim to a ransomware outbreak? A new study from the EU's cybersecurity agency ENISA offers answers, but carries major caveats due to rampant underreporting of such attacks. How many victims pay a ransom?

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Study: Ransomware, Data Breaches at Hospitals tied to Uptick in Fatal Heart Attacks

Krebs on Security

Hospitals that have been hit by a data breach or ransomware attack can expect to see an increase in the death rate among heart patients in the following months or years because of cybersecurity remediation efforts, a new study posits. “There is a lot of possible research that might be unleashed by this study. .