Remove Encryption Remove Insurance Remove Manufacturing
article thumbnail

NEW TECH: DataLocker introduces encrypted flash drive — with key pad

The Last Watchdog

One sliver of the $90 billion, or so, companies are expected to spend this year on cybersecurity products and services is an estimated $85 million they will shell out for encrypted flash drives. We discussed why encrypted flash drives have become established as a must-have portable business tool in the digital age. Park: Exactly.

article thumbnail

New RA Group ransomware gang is the latest group using leaked Babuk source code

Security Affairs

Compromised organizations operate in different business verticals, including manufacturing, wealth management, insurance providers, and pharmaceuticals. The ransomware supports intermittent encryption to speed up the encryption process. GAGUP” to the name of the encrypted files. .”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

City of Dallas has set a budget of $8.5 million to mitigate the May Royal ransomware attack

Security Affairs

The command-and-control beacons allowed Royal to prepare the City’s network resources for the May 03, 2023, ransomware encryption attack.” . “During the surveillance period, Royal performed several actions to inject command and control software and established command-and-control beacons. ” continues the report.

article thumbnail

US CISA and FBI publish joint alert on DarkSide ransomware

Security Affairs

According to open-source reporting, since August 2020, DarkSide actors have been targeting multiple large, high-revenue organizations, resulting in the encryption and theft of sensitive data. 3 ],[ 4 ]” reads the joint alert.

article thumbnail

Security Blueprints of Many Companies Leaked in Hack of Swedish Firm Gunnebo

Krebs on Security

Ransomware attackers often spend weeks or months inside of a target’s network before attempting to deploy malware across the network that encrypts servers and desktop systems unless and until a ransom demand is met. He declined to comment on the particulars of the extortion incident.

Security 358
article thumbnail

CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Worse, for systems using BitLocker Drive Encryption, you also need to enter a special key to unlock your encrypted drive if you can’t unlock the drive using your normal method.

Insurance 104
article thumbnail

The Top 5 Reasons to Use an API Management Platform

Security Affairs

Security : API management platforms provide security features such as authentication, authorization, and encryption to protect APIs and the data they transmit. This data can help organizations identify areas for improvement and optimize their API usage. He has experience with ISO 27001 and SOC 2 Type 2 implementation and maintenance.