Healthcare Identity Threats: Why Almost 20% of Breaches Lead to Injury
The healthcare industry faces significant threats from data breaches and compromised medical devices, resulting not only in high financial losses but also endangering patients’ health. In a survey of US healthcare experts conducted in 2022, 53% reported an increase in mortality rates due to ransomware attacks. In 2021, 30% of cyberattacks targeting healthcare organizations caused […]
The Clock Is Ticking on NY-DFS MFA Requirements
On March 1, 2017, the Department of Financial Services enacted a regulation establishing cybersecurity requirements for financial services companies, 23 NYCRR Part 500 (referred to below as “Part 500” or “the Cybersecurity Regulation”). As a result of investigating hundreds of cybersecurity incidents, Part 500 was amended, increasing the amount and type of security measures organizations […]
MGM Breach Takeaway: On-Prem Has Become Attackers’ Gateway to the Cloud
Last week, the BlackCat ransomware group (also known as ALPHV) attacked the operations of MGM Resorts and forced them to shut down their IT systems. What sets this attack apart from more traditional ransomware attacks is that at a certain point attackers were able to leverage their domain dominance of the on-prem environment to compromise […]
Much More Than a Checkbox: Cyber Insurance Can Stop Ransomware Attacks
Qualifying for a cyber insurance policy is just one more checkbox that security teams are required to tick. We’ve heard this statement over and over. For most organizations, this is the main reason to purchase cyber insurance. While this mindset is not entirely without grounds. It turns out that by implementing the identity protection controls […]
Why Ransomware Has Become a Major Identity Threat
Ransomware continues to plague organizations around the world, with more than 493.3 million attacks detected in 2022. Despite a proliferation of products in the security stack, companies keep falling victim to these attacks, paying an average of $812,360 in ransom demands. And the total cost to an organization is estimated be $4.5 million, due to […]