ransomware News
Attorneys: Ransomware a Multi-Layered Risk for Policyholders
The evolution of ransomware is bringing a wider range of risks to insurance policyholders, with new government regulations, exfiltration of data and state-sponsored ...
Fraudulent Funds Transfer, Ransomware Are Main Drivers of Cyber Loss: Corvus
According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations.
Many Cyber Criminals Return After Ransomware Payments Are Made
Over a third (36 percent) of companies that paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from ...
U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury
U.S. financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian ...
Cyber Officials From 37 Countries, 13 Firms to Meet in Washington on Ransomware
The White House will host officials from 37 countries and 13 global companies in Washington this week to address the growing threat of ransomware and other cyber crime, ...
How to Avoid Being a ‘Sitting Duck’ During a Disaster-Related Ransomware Attack
Atlantic Hurricane Season, which runs from June 1 through Nov. 30, had a slow start this year but has begun ramping up as Hurricane Fiona made its way across the Atlantic last week and brought with ...
Report: While Hackers Eye Small Businesses, Ransomware Attacks Decline
A new cyber trends mid-year report released by cyber insurer Coalition suggests that while small businesses continue to be targeted, overall incidents are down and ransomware attacks are declining as ...
Cyber Insurance Gap Growing: Survey Report
According to a survey report released yesterday, not only are most North American businesses still not buying cyber insurance, but those that are don't buy enough limit to cover last year's median ...