Data shows a rise in ransomware claims from Q2 2020 through Q1 2021 (0.25% to 0.58% increase in frequency) but then a drop by 50% in Q2 2021 that largely sustained through Q3 2021, according to the Corvus Risk Insights Index.
Cyber insurance can still play a critical role in protecting a business during the interruption of a ransomware attack, as well as help cover potential ransom payments and/or associated legal fees.
Gigabyte Technology, a Taiwanese manufacturer and distributor of computer hardware, has allegedly suffered a massive data breach as a result of a ransomware attack.
Employees and non-employee contractors continue representing the most critical weak link in the IT chain. Too many employees, and vendors using corporate networks, are still falling for phishing attacks. Enhanced worker training on cyber risks helps, but training coupled with stronger systems offers the best protection against cyber threats.
Malware authors often take advantage of vulnerabilities in popular software. But, malware is also prone to bugs and coding errors, causing it to crash and serve as backdoors — any method by which authorized and unauthorized users can get around normal security measures and gain high-level user access — for white hat hackers.
A new Report, “Ransomware in Focus,” based on a survey of more than 250 Chief Information Security Officers (CISOs), cited ransomware as the #1 threat facing businesses and one of the primary CISO concerns for the next 12 months, with many believing an attack is inevitable.
Assessing cyber risk is essential to a business and is a key contributor to its overall reputational risk. Businesses need to take cyber risk into account in overall business strategy and planning.
Axio's 2021 State of Ransomware Preparedness report reveals that organizations are not equipped to defend against ransomware due to deficiencies in implementing and sustaining basic cybersecurity practices, including managing privileged administrator credentials and ensuring visibility of supply chain risk.
ThycoticCentrify released new research confirming that ransomware has become a preferred method for cyberattacks, with nearly two out of three companies (64%) surveyed admitting to be victims of a ransomware attack in the last 12 months.
The Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI), and National Security Agency (NSA) published a cybersecurity advisory regarding BlackMatter ransomware cyber intrusions targeting multiple U.S. critical infrastructure entities, including two U.S. food and agriculture sector organizations.
