Remove Insurance Remove Ransomware Remove Security awareness
article thumbnail

How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

article thumbnail

Cyber Insurance: Is Paying a Ransom Counter-Productive?

KnowBe4

Food for thought as discussed on May 18, 2023, an article posted in The Australian Insurance Council: Banning paying a ransom to cyber hackers is counter-productive where Andrew Hall, the Chief Executive of the Insurance Council of Australia (ICA), stated that “attempts to ban businesses from paying ransoms for cyber attacks risks eroding trust and (..)

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

KnowBe4

Blog post with (lots of) links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore. link] [Head Scratcher] More Companies With Cyber Insurance Are Hit by Ransomware Than Those Without? Users beware.

Insurance 103
article thumbnail

[BUDGET AMMO] Companies Are Ditching Cybersecurity Insurance as Premiums Rise, Coverage Shrinks

KnowBe4

It's great budget ammo for security awareness training. You saw the title and are reading this, so I think you agree. Here is s short extract and I recommend you reading the whole article, link is below.

article thumbnail

CyberheistNews Vol 13 #20 [Foot in the Door] The Q1 2023's Top-Clicked Phishing Scams | INFOGRAPHIC

KnowBe4

[link] Munich Re: '3X Growth Estimated in Cyber Crime Costs Over the Next 4 Years' As cyber attacks continue to grow in sophistication and frequency, cyber insurers are expecting their market to double in the next two years. I've also talked quite a bit about cyber insurance and the recent trends. billion by 2027. "3x

Phishing 105
article thumbnail

CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks

KnowBe4

Security awareness training still has a place to play here." New-school security awareness training with simulated phishing tests enables your employees to recognize increasingly sophisticated phishing attacks and builds a strong security culture. We must ask: 'Is the email expected? Is the from address legit?

Phishing 105
article thumbnail

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. Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups.