The Biden administration announced on Friday that it would investigate recent hacks linked to Lapsus$.
Tag: malware
APCIA Offers Cybersecurity and Data Security Best Practices for Businesses
With ransomware attacks increasing in both frequency and severity, APCIA and its Cyber Insurance Subcommittee have developed a paper that outlines cybersecurity and data security best practices for businesses. “Prevention is a business’ best defense against a ransomware attack and this paper provides a range of data security hygiene steps that businesses and individuals can… Continue reading APCIA Offers Cybersecurity and Data Security Best Practices for Businesses
Companies Need to Strengthen Cyber Controls to Counter Ransomware Pandemic: Allianz
During the Covid-19 crisis another outbreak has happened in cyber space: a digital pandemic driven by ransomware. Malware attacks that encrypt company data and systems and demand a ransom payment for release are surging globally. The increasing frequency and severity of ransomware incidents is driven by several factors: the growing number of different attack patterns… Continue reading Companies Need to Strengthen Cyber Controls to Counter Ransomware Pandemic: Allianz
Cybercrime Costs to Top $1 Trillion This Year: Researchers
Cybercrime is expected to cost the global economy more than $1 trillion this year, up more than 50 percent since 2018, a research report said Monday. The report by McAfee Corp. with the Center for Strategic and International Studies (CSIS) concluded that the cost of online criminal activity is more than one percent of global… Continue reading Cybercrime Costs to Top $1 Trillion This Year: Researchers
Ransomware: Pay Attention and Get Your Clients the Compliant Help They Need
The recent OFAC and FinCEN governmental advisories surrounding ransomware payments are creating concern and uncertainty for the insurance community. This community is specifically named in the advisories, and that means all Retailers, Wholesalers, MGAs, MGUs, Carriers and Program Administrators need to pay attention and get the right experts on board before an incident occurs. Best… Continue reading Ransomware: Pay Attention and Get Your Clients the Compliant Help They Need
Study Finds Most Businesses Insured Against Traditional Cyber Insurance Risks – But Vulnerable to Emerging Risks
A new study commissioned by The Hanover Insurance Group, Inc. found the majority of business decision makers are insured against traditional cyber risks, such as breaches of personal information, but most were vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. The Hanover’s Cyber Risk Report, conducted… Continue reading Study Finds Most Businesses Insured Against Traditional Cyber Insurance Risks – But Vulnerable to Emerging Risks
Baltimore Transfers $6M to Pay for Ransomware Attack; City Considers Cyber Insurance
Baltimore officials on Wednesday voted to transfer $6 million from a fund for parks and public facilities to help pay for the devastating impact of the May ransomware attack on the city. The funds will help pay for “cyber-attack remediation and hardening of the environment,” according to the city’s spending panel, the Board of Estimates,… Continue reading Baltimore Transfers $6M to Pay for Ransomware Attack; City Considers Cyber Insurance
Healthcare Organizations Lack Money, Tools, Talent to Address Biggest Cybersecurity Threats: Survey
Third-party vendor risk and medical devices are the biggest cybersecurity threats that keep healthcare IT security executives awake at night, according to a new survey. However, the action needed to actually address these threats is lagging, the survey found. Forty percent of healthcare security leaders said third-party risk is the threat that concerns them the… Continue reading Healthcare Organizations Lack Money, Tools, Talent to Address Biggest Cybersecurity Threats: Survey