Remove Exercises Remove Insurance Remove Ransomware
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Don’t Wanna Pay Ransom Gangs? Test Your Backups.

Krebs on Security

Browse the comments on virtually any story about a ransomware attack and you will almost surely encounter the view that the victim organization could have avoided paying their extortionists if only they’d had proper data backups. That’s why tabletop exercises are incredibly important.

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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. The weighted average loss for Fortune 500 companies [$44 million] is on a par with some of the biggest ransomware payouts ever – and this IT outage wasn’t caused by a malicious attack!

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Cybersecurity Management Lessons from Healthcare Woes

eSecurity Planet

Ransomware attacks and data breaches make headlines when they shut down huge connected healthcare providers such as Ascension Healthcare or Change Healthcare. 2024 looks like it will only increase the number of affected individuals considering the scale of ransomware attacks from the first half of the year in the USA, Canada, and Australia.

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Security Affairs newsletter Round 408 by Pierluigi Paganini

Security Affairs

If you want to also receive for free the newsletter with the international press subscribe here.

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The Week in Cyber Security and Data Privacy: 29 January – 4 February 2024

IT Governance

Schneider Electric hit by Cactus ransomware The Sustainability Business division of the energy company Schneider Electric suffered a ransomware attack on 17 January, disrupting the company’s Resource Advisor platform. Data breached: 13,300,000 records.

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The Week in Cyber Security and Data Privacy: 27 November – 3 December 2023

IT Governance

The company’s description of the incident suggested ransomware. This was confirmed about a fortnight later, in early November, when the ALPHV/BlackCat ransomware group took responsibility for the attack , claiming to have encrypted Henry Schein’s files and exfiltrated 35 TB of data. Data breached: over 300 million records.

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CyberheistNews Vol 13 #17 [Head Start] Effective Methods How To Teach Social Engineering to an AI

KnowBe4

link] [Head Scratcher] More Companies With Cyber Insurance Are Hit by Ransomware Than Those Without? In an interesting twist, new data hints that organizations with cyber insurance may be relying on it too much, instead of shoring up security to ensure attacks never succeed.