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Cyber ​​insurance: The quality of defense determines the premium

Insurance against cybercrime is now standard protection for companies. But the insurance conditions depend on your own defense quality. The Sophos report on cyber insurance shows that those who have insurance are more likely to pay criminals ransom. In the new report "The Critical Role of Frontline Cyber ​​Defenses in Cyber ​​Insurance Adoption", Sophos has examined the connections between defense quality, insurability and insurance conditions for companies. 95 percent of organizations that purchased a cyber insurance policy in the last year say the quality of their organization's cyber defenses directly impacts their insurance terms. For 60 percent, the quality influences…

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Despite ransomware ransom: Only 24 percent receive all data 
Despite ransomware ransom: Only 24 percent receive all data

As a study shows, despite paying a ransom, only 24 percent of German companies are able to recover all their data after a ransomware attack. The majority of businesses struggle with backup and recovery solutions. 91 percent of German IT and cybersecurity leaders are concerned that their company might not be able to maintain business continuity after a cyber attack. That's according to the second report from Rubrik Zero Labs, the research arm of Zero Trust Data Security™ company Rubrik. The issue, entitled The Hard Truths of Data Security, provides an insight into the challenges...

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Profitable ransomware attacks
B2B Cyber ​​Security ShortNews

A study titled “Cybersecurity Fails Increase Costs and Ransomware Risks” shows a correlation between cybersecurity failures and increased vulnerability to cybersecurity incidents, including ransomware, among organizations around the world. The study, which compares how IT leaders approach cybersecurity to the reality of the attack landscape, found that organizations experienced a significant rise in ransomware, from an average of four attacks in five years in 2021 to four attacks in a year in 2022 Of those who fell victim to ransomware, 83% admitted…

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Is HIVE behind the attack on the Potsdam administration?
B2B Cyber ​​Security ShortNews

It is not yet entirely clear whether HIVE is behind the cyber attack on the Potsdam administration. A message from the administration speaks of HIVE and that even after the APT group has been broken up, the systems are still being switched off. The misery does not end for the city administration of Potsdam. Although the IT experts restarted the attacked and then repaired systems in January, they shut everything down again on January 24th. After an expanded virus scanner was activated, there were a large number of automated communication attempts from the state capital's internal network...

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Ransomware Report: Attacks down for the first time
Ransomware Report: Attacks down for the first time

The ransomware threat landscape is beginning to ease, according to Delinea's 2022 State of Ransomware Report. The number of ransomware attacks has dropped significantly in the last twelve months, and many affected companies no longer pay ransoms. However, this is no reason for IT and security teams to lay back now: If the downward trend is to continue, appropriate budgets must be maintained and cybersecurity measures must continue to be implemented consistently. Sharp decrease in attacks compared to the previous year As the survey of 300 IT decision-makers reveals, only 25 percent of the companies have been…

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Cyber ​​attack on Hamburg University of Applied Sciences
B2B Cyber ​​Security ShortNews

With the HAW - the Hamburg University of Applied Sciences, another educational institution was hit by a cyber attack. At times, all computer systems and even the university's locks were affected. Things are now under control again. Shortly before the turn of the year, the cyber attack was carried out on the HAW - the Hamburg University of Applied Sciences. The attack was so massive that the university took everything offline to prevent further damage. To date, however, the damage is still so great that all communication by telephone or e-mail has not yet...

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Cyber ​​attack on Continental - what is happening now
Cyber ​​attack on Continental - what is happening now

For a long time there was no statement from Continental on the cyber attack, the theft of 40 TB of data and the ransom demand of first 50 and then 40 million dollars. Continental is now clarifying what happened and how to react. The actual attack on Continental probably took place in August 2022. At that time, Continental announced that everything was fine. It was announced that the attack had been noticed and warded off. But far from it: the hackers were probably still on the Continental network at the time or still had access. In daily operation...

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Cyber ​​attack on logistics company Meyer & Meyer
B2B Cyber ​​Security ShortNews

Cyber ​​attack: The list of well-known German companies that were victims of an attack has grown: the Osnabrück logistics company Meyer & Meyer with 1.800 employees and a turnover of 200 million. A lot of things have to be done manually at the moment. Already on December 6th there was a successful cyber attack on the systems of the well-known textile logistics company Meyer & Meyer. The company can still be reached, but various processes had to be converted to good old manual work. Meyer & Meyer openly communicated the attack on its systems, but did not provide any further information on...

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Are Many Companies Denying LockBit the Ransom?
B2B Cyber ​​Security ShortNews

Once LockBit has encrypted a site and stolen its data, the group posts a payment request with a countdown on its leak page on the dark web. If you don't pay, you can download data there. A lot of companies don't pay. Many attacked companies are listed on the LockBit leak page. Current ransom payment deadlines are marked in red. If an ultimatum has expired and it has not been paid, LockBit will color the entry for the published data green. The leak page from July to December 2022 currently contains the information…

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LockBit lowers Continental data price to $40 million
LockBit lowers Continental data price to $40 million

LockBit stole over 40.000 gigabytes of data in its ransomware attack on Continental. Also included: confidential documents from VW, BMW, Mercedes. Now LockBit is lowering the price for the data from $50 million to $40 million. Continental will probably not calm down anytime soon. After the data was stolen by the ransomware group LockBit, more and more information is coming to the public. At first it seems that Continental has negotiated the buyback of the data. But then again not anymore. After some parts of the data were published, as well as a file list, it became clear that among them...

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