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CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance BC

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Back in 2020, most organisations hadn’t planned for a pandemic, for example. Then there’s insurance. In just a few days, between 18 and 22 July, CrowdStrike ($CRWD) lost 23.1%

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What Is Cyber Extortion? Tips for Securing Your Data

Pure Storage

Once installed, the malware locks critical files and displays a ransom note demanding payment, often in cryptocurrency. Sextortion scams surged during the COVID-19 pandemic, with attackers sending emails claiming to have hacked webcams or email accounts, demanding Bitcoin to delete the alleged footage. million paid to cybercriminals.

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Combating Fraudulent COVID Unemployment Claims

Risk Management Monitor

The threat will continue beyond the pandemic. It is also advisable to use a secure email gateway, which protects from spam, viruses, malware and denial-of-service attacks, and make sure employees working remotely are using secure company devices. Unemployment or tax fraud targeting multiple employees may indicate a data breach.

Alert 75
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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

Attacks attributed to Russia have been launched against a range of targets in Ukraine, including new destructive malware campaigns , targeted information-gathering against a range of civilian and government targets, and attacks on critical infrastructure. Evaluate and if possible, test your business continuity plans.

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Helpful tips for New Jersey remote workers to stay HIPAA-compliant

Online Computers

It has always been challenging for companies and individuals to stay compliant with the privacy standards of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). These threat agents can send malware to your devices to eavesdrop, steal data, or hold your device for ransom. Protect electronic PHI in all your devices.

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Business Continuity and Cybersecurity

everbridge

According to the Cyber Readiness report by the British insurer Hiscox, nearly half of all companies reported a cyberattack last year, with one in five saying those attacks threatened their solvency. You’ve got mail” might as well be subtitled “you’ve got malware.” Sixty percent of small businesses won’t survive one.

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Risk Assessment vs Risk Analysis

Reciprocity

Risk can be affected by numerous external factors, including natural disasters, global pandemics, raw material prices, increased levels of competition, or changes to current government regulations. Put another way, risk refers to the fact that an organization’s ambitions may not work out as planned or that its objectives might go unmet.