Ransomware Insurance

NordVPN Launches NordProtect: New Identity Theft Protection Tool Offering Up to $1 Million Recovery

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NordVPN, a leading VPN provider, has launched NordProtect, an identity theft protection service that functions like a personal cyber insurance policy. Currently available to NordVPN Prime users in the US, it combines cybersecurity expertise with advanced technology to safeguard users from identity theft. “NordProtect is another step to fully secure customers as online threats advance,” … Read more

Howden’s 2024 Cyber Report: Navigating a Complex Threat Landscape

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The Howden 2024 Cyber Report reveals a dynamic and evolving cyber threat landscape. According to NCC Group data, the frequency of ransomware attacks surged by 85% over the past year. This rise follows a dip due to geopolitical disruptions like Russia’s invasion of Ukraine. Ransomware remains the most costly form of cyber attack, driven by … Read more

MGM Shares Up Almost 5% On News Cyber Insurance Will Cover Hacker Attack

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MGM Resorts International’s stock saw a 4.86% increase, closing at $36.48 on Friday. The move was buoyed by news that the company possesses ample cyber insurance to mitigate losses from a recent cyberattack. Over the past month, the stock had suffered a 16% decline. The Las Vegas-based firm projects that the September cyberattack will negatively … Read more

MGM Resorts Hack Covered By Cyber Insurance – WSJ

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Amid the Wall Street Journal exclusive report on the MGM hack, an intriguing detail emerges. MGM has affirmed that it is poised to mitigate the financial impact of the cyberattack with its cyber insurance. The indication? It won’t significantly affect MGM’s performance for the year. The WSJ headline centers on MGM’s refusal to pay the … Read more

Ransomware Risk: Things To Know

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Ransomware is a type of malware that encrypts files on a victim’s computer, making them inaccessible. The attackers then demand a ransom payment in exchange for the decryption key. The Department of Homeland Security (DHS) and the Department of Justice (DOJ) offer a resource, StopRansomware.gov, to help businesses mitigate their ransomware risk. The site provides … Read more

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