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Posts Tagged ‘ransomware’

Ransomware payments hit an all-time high of $1.1 billion in 2023, following a steep drop in total payouts in 2022. Some factors that may have contributed to the decline in 2022 were the Ukraine conflict, fewer victims paying ransoms and cyber group takedowns by legal authorities. In 2023, however, ransomware payouts came roaring back to […]

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Expect attackers to continue refining their tactics for maximizing profits via a grab bag of the same strategies, including forcibly encrypting systems and charging for a decryptor, stealing data and threatening to dump it, creating scary public personae, or a combination of the above. LockBit, which was disrupted this week by law enforcement, is one […]

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As corporate directors and security teams scramble to ensure they meet the Securities and Exchange Commission’s (SEC) new cybersecurity regulations, claims due to mishandling protected personally identifiable information (PII) could rival the cost of ransomware attacks, warns David Anderson, vice president of cyber liability at Woodruff Sawyer, a national insurance brokerage. While privacy claims take […]

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