Cyber Insurance: A Few Security Technologies, a Big Difference in Premiums
ID: ecd506e7-6704-534a-9ff3-0f13d753afb9
STIX ID: report--ecd506e7-6704-534a-9ff3-0f13d753afb9
Feed Name: Dark Reading
The article reviews a surge in ransomware and extortion activity in 2024 using the Change Healthcare/BlackCat incident as a focal example, noting failures such as unprotected Citrix access, lack of MFA, inadequate backups, and no cyber insurance. It presents insurer and insursec analysis showing increased frequency and impact (e.g., 1,248 victims posted in Q2 2024, 93% of incidents involving data theft), emphasizes third-party aggregation risks, and recommends mitigations including robust backups (3-2-1), MFA, secure email/VPN, and managed EDR/MDR services.
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