Corvus Insurance’s Post

A recent Unit 42 study by Palo Alto Networks unveils the harsh reality of #ransomware #payments. Analysing over 1,200 incidents, the findings are eye-opening: 70% of ransom payments may halt the attacks, yet in 20.6% of cases, attackers fail to honor their promises. The stark reality: paying a ransom is no guarantee of safety. The report advises against ransom payments, highlighting that it further empowers cybercriminals. However, it acknowledges that, in desperate situations without backups, some organisations may feel compelled to pay. With the average ransom demand at $695,000 and actual payments averaging $237,500, negotiation is key. The longer you negotiate, the better the potential outcome, with some organisations stretching talks up to 35 days for a favorable deal. This study underscores the critical importance of strong cybersecurity measures and preparedness. In the fight against ransomware, knowledge, and readiness are paramount. Ask our team about our "Ransomware Containment Solutions" today! ✉️ info@enterprisedefence.com ☎️ 353 (0)818 900 000 🖥️ www.enterprisedefence.com #CyberSecurity #Ransomware #Negotiation #Unit42 #PaloAltoNetworks #EnterpriseDefence #CyberRiskExperts

Protecting Businesses from Advanced Threats At Secutor Cybersecurity, we partner with industry leaders like Huntress to ensure that businesses of all sizes are equipped with cutting-edge defenses against cyber threats. One of Huntress’s recent LinkedIn posts highlights an alarming threat vector: session hijacking and credential theft—both of which are often overlooked but are highly dangerous in today’s rapidly evolving threat landscape. In the post, Huntress dives into the complexities of how attackers exploit open sessions to take over systems, bypassing traditional security measures. Their educational video explores not just the nature of these attacks but also emphasizes proactive measures businesses can take to safeguard against them. These strategies are critical for organizations looking to stay one step ahead of cybercriminals. This video reinforces the importance of robust detection and response strategies—areas where Huntress excels. Their Managed Detection and Response (MDR) solution focuses on identifying and neutralizing threats that bypass standard antivirus software and firewalls. Their approach is tailored to SMBs, offering enterprise-level protection without the massive infrastructure costs. As partners of Huntress, we at Secutor Insider Direct are proud to bring such essential tools to our clients. Our Fractional CISOs ensure that your cybersecurity strategy includes the latest and most effective tools in the fight against cybercrime, like Huntress’s solutions. Visit their website for expert security solutions that identify threats often overlooked. With real-time monitoring and threat-hunting, you can have peace of mind knowing your business is secure. Stay secure, stay ahead. #CyberSecurity #ThreatDetection #MDR #SessionHijacking #InsiderDirect #Consulting

Ransomware attacks are a reality that will affect every organization at some point, no matter the size. The attacks have far-reaching consequences, even beyond the immediate downtime and disruption of services. In his latest article for Betanews, Inc., Samuel Woodcock shares why having a solid, well tested, and flexible backup strategy is the key to cyber resilience: https://lnkd.in/g4_ZsU9C

In Corvus Insurance's latest Cyber Threat Report, it's revealed that the top 5 ransomware operations accounted for 40% of cyber-attacks in Q3 2024. The report highlights a growing trend in the complexity and competition within the ransomware ecosystem. Notably, the rise of RansomHub and the continued activity of LockBit 3.0 show how quickly attackers adapt to shifting environments. Key findings include: ▪️ 1257 victims posted to leak sites in Q3 2024 ▪️ RansomHub has seen explosive growth, with over 290 attacks in 2024 ▪️ VPN vulnerabilities contributed to nearly 30% of ransomware incidents 🔍 Want to know how these trends are impacting your business? Click the link to dive into the full report and learn how to better protect your organization from emerging ransomware threats. https://bit.ly/3VbAiLo #LockBit #LockBitBlack #RansomHub #Play #Meow #HuntersInternational #ransomware

Ransomware attacks are a reality that will affect every organization at some point, no matter the size. The attacks have far-reaching consequences, even beyond the immediate downtime and disruption of services. In his latest article for Betanews, Inc., Samuel Woodcock shares why having a solid, well tested, and flexible backup strategy is the key to cyber resilience: https://lnkd.in/g4_ZsU9C

This year has seen a concerning surge in the cost of ransomware attacks, with a staggering 68% increase in losses, averaging at $353,000. Despite a slight dip in attack frequency, the financial impact continues to rise. Here are the key points to note: - Ransom demands are soaring, now averaging at $1.3 million, with some demands reaching even higher amounts. - Ransomware groups are advancing their tactics by collaborating, utilizing sophisticated methods like doxxing, and strategically timing their strikes. - The repercussions extend to cyber insurance claims, which are becoming more expensive due to the escalating financial toll on businesses. Given these developments, it is more crucial than ever to fortify your cybersecurity defenses and ready yourself for potential ransomware threats. Stay vigilant and proactive in safeguarding your systems and data. #ransomware #cybersecurity #cyberinsurance #databreach #cyberattack #riskmanagement #ITsecurity #infosec

Ransomware attacks are a reality that will affect every organization at some point, no matter the size. The attacks have far-reaching consequences, even beyond the immediate downtime and disruption of services. In his latest article for Betanews, Inc., Samuel Woodcock shares why having a solid, well tested, and flexible backup strategy is the key to cyber resilience: https://lnkd.in/g4_ZsU9C

Ransomware attacks are a reality that will affect every organization at some point, no matter the size. The attacks have far-reaching consequences, even beyond the immediate downtime and disruption of services. In his latest article for Betanews, Inc., Samuel Woodcock shares why having a solid, well tested, and flexible backup strategy is the key to cyber resilience: https://lnkd.in/g4_ZsU9C

Ransomware attacks are a reality that will affect every organization at some point, no matter the size. The attacks have far-reaching consequences, even beyond the immediate downtime and disruption of services. In his latest article for Betanews, Inc., Samuel Woodcock shares why having a solid, well tested, and flexible backup strategy is the key to cyber resilience: https://lnkd.in/g4_ZsU9C

Cyber-attacks on critical infrastructure, data breaches, and ransomware have surged in recent years, both in frequency and severity. With attacks on the rise, preparation is key. Our colleague Matt Angland highlights essential prevention strategies in our latest LinkedIn Newsletter – check it out: #14 'Proper Prior Preparation' is Your Best Defense Against Digital Threats : https://lnkd.in/e6Bhp7Sn Additionally, a cyber insurance policy from HDI can offer peace of mind by covering everything from business interruption to first-and third-party risks, helping your business stay resilient in the face of potential threats. For more details check our factsheet: https://lnkd.in/eU3AaHRB #HDIGlobal #WeAreHDI #Cyber #PartnerInTransformation