Ransomware

Keepit Ransomware Seminar Emphasizes Continuous Learning in Cybersecurity and Insurance Amid Growing Threats

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In the ever-changing arena of cybersecurity and insurance, constant learning is crucial. Bad actors are continuously evolving, which significantly burdens individuals and companies to stay updated. To address this need, Keepit is hosting a webinar on cyber insurance strategies amid the surge in ransomware attacks. Keepit, a global cloud backup and recovery solutions provider, will … Read more

Cyber Insurance Sunday – Upload

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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: Marsh and others look at Ransomware; Partnerships abound Backblaze and Coalition as well as Cavelo and DataStream: Vantage Risk Launches; And a reminder cybercriminals take out targets large and small. Some we reported on, and others we found … Read more

Marsh Report Reveals Ransomware’s Persistent Threat in 2023 Cyber Insurance Claims

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The persistent threat of ransomware continues to pose significant dangers to organizations worldwide. Recent news from around the world highlights the idea that combating this menace should involve banning ransomware payments to curb the growing threat. In light of these developments, the Marsh report, “Ransomware: A Persistent Challenge in Cyber Insurance Claims,” provides valuable insights … Read more

1/3 of Ransomware Victims Did Not Recover Data Even After Paying Up

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In the world of cybercrime, few experiences are as frustrating as paying a ransom to recover stolen data only to remain empty-handed. This stark reality is highlighted in the issue of ransomware data recovery where recent studies reveal that 1/3 of ransomware victims did not recover data even after paying up. For individuals and businesses, … Read more

Ransomware Ravages Organizations, Leaving Lasting Damage

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Ransomware, a form of malicious software, kidnaps an organization’s data, encrypts it, and demands a ransom for its release. This modern-day digital extortion has historical roots in the practice of demanding ransom for kidnapped individuals, a method used by pirates and bandits for centuries. The digital age has transformed this age-old crime into a significant … Read more