backups

Cyber Insurance Premiums Are Declining, Howden Insurance Brokers Report Finds

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Cyber Insurance Premiums Are Declining, Howden Insurance Brokers Report Finds

Improved cyber hygiene among businesses has led to a reduction in cyber insurance premiums by 15% worldwide over the last two years, a new report from Howden Insurance Brokers has found. This is despite the fact that cyberthreats, particularly ransomware attacks, are becoming more prevalent. Awareness of cyber hygiene practices, like multifactor authentication, EDR and cloud backups, has grown significantly since 2022. Ransomware attacks have increased by 18% this year, according to Howden and NCC…

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Sophos Study: 94% of Ransomware Victims Have Their Backups Targeted

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Sophos Study: 94% of Ransomware Victims Have Their Backups Targeted

Organisations that have backed up their sensitive data may believe they are relatively safe from ransomware attacks; however, this is not the case based on findings from a new study from IT security company Sophos. The report showed that cybercriminals attempted to compromise the backups of 94% of companies hit by ransomware in the past year. Attackers are aware that those who fall victim to ransomware must choose to either pay the ransom or recover…

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