US EditionHow Ransomware Attacks Leverage Cyber Insurance Policies
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Despite the fact that the number of ransomware attacks on retail companies fell from 69 percent in 2023 to 45 percent in 2024, the average cost of recovering these attacks went from $1.85 million to $2.73 million in the annual comparison, and almost half (47 percent) of the companies attacked could no longer recover their backs. Worse still, the retail sales sector is among the most attacked by cybercriminals as evidenced by the recent activity …
Microsegmentation brings faster incident response, lower insurance premiums
Microsegmentation reduces ransomware containment time and improves cyber insurance position. This has led to half of non-adopters to plan implementation within two years, while two-thirds of current adopters expect to increase their investment. These are among findings of research conducted by Phronesis Partners for Akamai Technologies earlier this year. It captures insights from 1,200 security and technology leaders worldwide. “Enterprises in…
How Ransomware Attacks Leverage Cyber Insurance Policies
Ransomware attacks continue to evolve into sophisticated strategic and psychological operations. Threat actors are always seeking ways to maximize their illicit gains, and they’ve now discovered a powerful piece to leverage: a company’s cyber insurance policy. When attackers gain access to cyber policy details, they come to a ransomware negotiation already holding some of their.. The post How Ransomware Attacks Leverage Cyber Insurance Policies …
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