data extortion

Ransomware Crews Haven’t Needed AI To Get In. The Old Ways Still Work, Travelers’ Lauren Winchester Says.

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Cyber Insurance News story on ransomware groups with Travelers' Lauren Winchester, showing a city wall at night covered in layers of torn posters under a streetlight

Ransomware crews could use AI to find new ways in. Most haven’t needed to, says Travelers’ Lauren Winchester. Vulnerable VPNs and cheap access from brokers still work. Cyber Insurance News sat down with her after she moderated a panel on the year’s threats. Lauren Winchester leads Cyber Risk Services at Travelers. She moderated “No Standing … Read more

Fewer Ransomware Victims Pay. Those Who Do Pay More, GuidePoint Finds

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Cyber Insurance News story on ransomware payments showing a wide stream of lights narrowing to a gate where only a few pass through

Ransomware victims hit a record 2,760 in the third quarter, GuidePoint Security’s research team found. Its own data on ransomware payments carries the insurance story. Fewer clients paid ransoms. Those who paid, paid more. GuidePoint also says risk models built on attacker effort need revisiting. Fewer ransomware victims are paying. The ones who pay are … Read more

State of Cybercrime “Unprecedented” Sophistication: KELA Report

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Infostealers and Ransomware Surge as Cybercriminals Expand Tactics Cybercrime has reached “an unprecedented level of sophistication,” according to KELA’s State of Cybercrime 2024 cybersecurity report. The study highlights how cybercriminals are forming alliances, adopting artificial intelligence (AI), and exploiting vulnerabilities at a scale never seen before. A Year of Alarming Growth in Cyber Threats Infostealer … Read more

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