cybersecurity

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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Operation Endgame: The ultimate troll patrol.

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Operation Endgame: The ultimate troll patrol.

Welcome in! You’ve entered, Only Malware in the Building. Join us each month to sip tea and solve mysteries about today’s most interesting threats. Your host is Selena Larson, Proofpoint intelligence analyst and host of their podcast DISCARDED. Inspired by the residents of a building in New York’s exclusive upper west side, Selena is joined by N2K Networks Dave Bittner and Rick Howard to uncover the stories behind notable cyberattacks.  Being a security researcher is…

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Ransomware Cheat Sheet for 2024: What Is Ransomware?

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Ransomware Cheat Sheet for 2024: What Is Ransomware?

Ransomware is arguably the most high-profile security threat of the moment. Cybercriminals across the world are demanding money from victims by holding their devices and data hostage. This type of attack, in which data is encrypted or claimed to be and victims are prompted to pay for the key to restore access, has been growing rapidly since 2013 and is now one of the most common types of malware. TechRepublic’s cheat sheet about ransomware is…

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Digital Forensics for Investigating the Metaverse

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Digital Forensics for Investigating the Metaverse

The intriguing realm of the metaverse should not make us overlook its cybersecurity hazards. Metaverse adoption has been steadily increasing worldwide, with various existing examples such as virtual weddings, auctions, and the establishment of government offices and law enforcement agencies. Prominent organizations like INTERPOL and others are investing considerable time and resources, underscoring the importance of the metaverse. While the growth of the metaverse has been substantial, its full potential has not yet been realized…

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America's drinking water is facing attack, with links back to China, Russia and Iran

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America's drinking water is facing attack, with links back to China, Russia and Iran

Houston Chronicle/hearst Newspapers Via Getty Images | Hearst Newspapers | Getty Images The city of Wichita, Kansas, recently had an experience that’s become all too common — its water system was hacked. The cyberattack, which targeted water metering, billing and payment processing, followed the targeting of water utilities across the U.S. in recent years. In going after America’s water, hackers aren’t doing anything special. Despite rising fears of AI use in cyber threats, the go-to…

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Gartner: 3 Actions to Achieve Cybersecurity Consolidation

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Gartner: 3 Actions to Achieve Cybersecurity Consolidation

Cybersecurity leaders are grappling with the complexity, overlap and blind spots that come from using multiple cybersecurity vendors and tools. Many of the products offered by cybersecurity vendors have overlapping capabilities, making it easy for misconfigurations to occur and difficult to uncover security gaps. Consolidating cybersecurity products reduces this complexity by streamlining the number of products and their interactions, thus improving efficiency of security outcomes. Organizations consolidate security solutions for a variety of reasons, such…

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European Cyber Resilience: How the EU Can Patch the Weak Spots in its Collective Armour

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European Cyber Resilience: How the EU Can Patch the Weak Spots in its Collective Armour

In the thrust and parry of cyber resilience, the European Union (EU) has forged a legal framework made of many pieces to fortify its digital defences. Yet, there remain two clear weak spots in Europe’s collective armour: the presence of unsupported connected devices within critical infrastructure networks and the opacity surrounding the handling of newly discovered, or obtained, vulnerabilities by government agencies. In this blog, I delve into these two crucial issues for EU policymakers…

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As Companies Flood Into Security AI, Do Large Players Have A Data Advantage?

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As Companies Flood Into Security AI, Do Large Players Have A Data Advantage?

Executives from major cybersecurity vendors such as Palo Alto Networks and Proofpoint see the arrival of GenAI as a different story from prior technology shifts — with the need for having massive customer data being paramount. The history of technology shifts in recent decades has tended to center around scrappy upstarts, which burst onto the scene with a big new idea and disrupt more-established players. Generative AI may play out differently, however. While the initiation…

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Snowflake Users Targeted for Data Theft and Extortion

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Snowflake Users Targeted for Data Theft and Extortion

A new report from Mandiant, part of Google Cloud, reveals that a financially motivated threat actor named UNC5537 collected and exfiltrated data from about 165 organizations’ Snowflake customer instances. Snowflake is a cloud data platform used for storing and analyzing large volumes of data. The threat actor managed to get access to these data by triggering credentials that were previously stolen by infostealer malware or purchased from other cybercriminals. According to Mandiant, the threat actor…

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Downtime Costs Large Companies $400 Billion a Year, According to Splunk Report

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Downtime Costs Large Companies 0 Billion a Year, According to Splunk Report

Unplanned downtime is costing the world’s largest companies $400 billion a year, or roughly 9% of their profits, a new report has found. This is the equivalent of about $9,000 lost for every minute of system failure or service degradation. The report, published by the data management platform Splunk, also revealed that it takes 75 days for revenue for a Forbes Global 2000 company to recover to where it stood financially prior to the incident….

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