Newark, NJ City Computers Struck By Ransomware Attack

Posted by Jon Edwards on Apr 25, 2017 2:06:29 PM

 

Multiple sources reported yesterday that hackers encrypted files on computers belonging to the city of Newark and have demanded $30,000 worth of Bitcoin to restore them.

Read More

Topics: Cyber Breach, Cyber Insurance, Cyber Security, Ransomware, cyber attacks

Should You Pay Ransomware? No. Do These 6 Things Instead

Posted by Jon Edwards on Apr 3, 2017 11:06:10 AM

Ransomware strikes. Your critical data files have been encrypted and your business grinds to a halt.

Do you

a) spend countless hours rebuilding from backups (if you were diligent enough to ensure they'll work) or

b) pay the perpetrator to unlock your files?

Now that ransomware is spreading like wildfire through malicious emails, "malvertising" campaigns, and exploit kits, many firms and individuals face this exact scenario.

Read More

Topics: Cyber Risk, Cyber Security, Ransomware, Risk Management Blog

Four Ways to Protect Your Employees’ W-2 Information from Cyber Thieves

Posted by Jon Edwards on Feb 7, 2017 4:17:25 PM

Most companies today opt to distribute their employees’ W-2 tax forms electronically; either through email or some type of download service. Because these forms contain a good deal of Personally Identifiable Information (“PII”), such as name, address, social security number and salary information – cyber thieves are using several simple, yet, tried-and-true methods to fraudulently obtain them.

 

Read More

Topics: Breach of Security, Cyber Breach, Cyber Insurance, Cyber Liability, Cyber Risk, Cyber Security, Data Breach, Ransomware, Risk management, Risk Management Blog

2017’s Latest Cyber Security Threat: The Ransomware Bluff

Posted by Jon Edwards on Jan 24, 2017 6:14:09 PM

2016 was a big year for ransomware. It saw a massive increase in ransomware events and payouts to criminals, which, most experts say, only exacerbates the issue.

 

A 2015 report by the Herjavec Group (an Information Security company) noted that the total cost of ransomware reached $1 billion in 2016. With new “strains” of ransomware spreading worldwide (such as the Russian “spora”), we should all be on high alert for this business-impacting cyber threat.

Read More

Topics: Breach of Security, Cyber Breach, Cyber Insurance, Cyber Liability, Cyber Risk, Cyber Security, Data Breach, Ransomware, Risk Management Blog

Ransomware Events are on the Rise | Protect your Networks Now (Part 2)

Posted by Jon Edwards on Sep 6, 2016 3:08:17 PM

In Part 1 of this post, I noted that ransomware events are occurring much more frequently; as many as 4,000 a day since January 1st of 2016. We took a look at some preventative measures that may protect your company and its network/data against a ransomware event.

Read More

Topics: Breach of Security, Cyber Breach, Cyber Liability, Cyber Risk, Cyber Security, Data Breach, Incident Response Plan, Ransomware, Risk management, Risk Management Blog

Ransomware Events are on the Rise | Protect your Networks Now (Part 1)

Posted by Jon Edwards on Aug 23, 2016 4:19:14 PM

The U.S. Department of Justice stated that “More than 4,000 ransomware attacks have occurred daily since January 1, 2016. This is a 300 percent increase over the approximately 1,000 attacks per day seen in 2015.”

Read More

Topics: Breach of Security, Cyber Breach, Cyber Liability, Cyber Risk, Cyber Security, Data Breach, Healthcare, Ransomware, Retail, Risk Management Blog

Just Wait … It Gets Worse | the Sequel to Ransomware

Posted by Jon Edwards on Aug 3, 2016 10:18:56 AM

Cisco has released the 2016 Midyear Cybersecurity Report and their findings point to future, more sophisticated types of ransomware that will take full advantage of systems with less than satisfactory security measures, patching practices, and detection rates.

Read More

Topics: Breach of Security, Cisco Midyear Cybersecurity Report 2016, Cyber Breach, Cyber Risk, Cyber Security, Ransomware, Risk Management Blog

The ALS Group

Risk Management Blog

We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe. 

Our areas of expertise include:

  • Enterprise Risk Management (ERM)
  • Cyber Security & Cyber Liability Insurance
  • Construction Management
  • Customized Risk Management Assessments (RMAs)

Subscribe to Email Updates

Recent Posts

Posts by Topic

see all