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Fifty-four percent of security leaders admit leaving high- or critical-severity flaws unpatched at least sometimes, a Chainguard survey finds. At companies with $1 billion or more in revenue, it is 66%. Cyber insurers already write unpatched vulnerabilities into their policies. Most security leaders expect attackers to get in through a software flaw this year. Many … Read more
Fewer healthcare organizations hit by ransomware are paying, a Ponemon Institute survey for Proofpoint finds. The costliest healthcare cyberattacks still averaged $4.2 million, mostly in downtime. The patient harm the study highlights may sit outside cyber cover. Healthcare organizations hit by ransomware are paying less often. In 2022, 51% said they paid. This year, 31% … Read more
Attackers now often exploit a flaw before a patch exists. In a conversation with Cyber Insurance News, Revelion’s Mitchell Spicer said annual penetration tests can’t keep pace. Neither can the underwriting built on them. His company sells continuous penetration testing. “An annual pen test is a snapshot, and annual underwriting is a snapshot of that … Read more
Think like a criminal. Act like an angel. Twenty-six years in cybersecurity have led Jonathan Palmer to that motto. On the CINI podcast, the CDL Cyber Intelligence CEO explains how dark web monitoring spots attackers sizing up a target. He also covers why underwriters need that intelligence and what CISOs struggle to tell their boards. … Read more
Federal prosecutors have charged the owner of MonsterCloud with wire fraud. The Florida ransomware recovery firm sold victims an alternative to paying criminals. Prosecutors say it paid the criminals and billed clients far more. ProPublica flagged the practice in 2019. A ransomware recovery firm told victims they would not have to pay. It paid anyway … Read more