A quick Saturday digest of cybersecurity news articles from other sources.
Fallout and Blame: Ransomware Attack on World’s Largest Meat Supplier
If the cyberattack against meat giant JBS was a game of Clue, it would be over already. The winner would have cracked the whodunnit: “It was the Russians, in the meatpacking plant, with the ransomware.” The attack this week led to a cascading series of shift cancellations, plant closures, and urgent work behind the scenes to restore it all. The truth of this attack is that it could have been worse—much worse. But then corporate IT backups came through and saved the day, something cyber attorney Shawn Tuma says is becoming extremely rare. “The threat actors know backups are the kryptonite here, right? So they get in and they infect or forensically delete your backups before you ever get hit.” Somehow, JBS, and the food supply chain, dodged that bullet. JBS managed to restore most operations in just a few days. If the shutdown had lingered, or extended beyond… Read more
The Cybersecurity Insurance Landscape Is Fundamentally Changing Right Now
There is a sea change happening you need to know about. We have observed significant developments in the cybersecurity landscape recently, to a large extent driven by the enormous damage caused by ransomware.
“Ransomware has been so successful in compromising victims and getting big payouts that it has led to a rapid, fundamental change in the cybersecurity industry. Many previous cybersecurity insurance players are getting out of the industry or refusing to insure for ransomware and other cyber crime. Those that are left are charging more, insuring for less and requiring proof of far stronger controls before a policy is issued.”
Expect significantly higher premiums, less coverage, more outs, less options, and stronger requirements.
“If you already have a cybersecurity insurance policy call your broker to see if anything has changed because for sure the terms you had in the past will not be the terms you have going forward.
Additionally, you may want to check out if they offer any other services that they didn’t use to offer. To paraphrase an old commercial, today’s cybersecurity insurance industry was not your father’s cybersecurity industry. In fact, it isn’t even what your cybersecurity insurance industry was just a few months ago.”
Here is the whole post from May 26, it’s a 6-minute read, and again you need to know this before you find out it’s too late.
Please forward to your friends:
https://blog.knowbe4.com/cybersecurity-insurance-landscape-is-fundamentally-changing-right-now
The global chip shortage: What caused it, how long will it last?
Analysts offer observations on why it happened, the industries that will and won’t be prioritized and what to expect in the short term.
“Have I Been Pwned” breach site partners with… the FBI!
If your password gets stolen as part of a data breach, you’ll probably be told. But what if your password gets pwned some other way?
JUN
About the Author:
I am a cybersecurity and IT instructor, cybersecurity analyst, pen-tester, trainer, and speaker. I am an owner of the WyzCo Group Inc. In addition to consulting on security products and services, I also conduct security audits, compliance audits, vulnerability assessments and penetration tests. I also teach Cybersecurity Awareness Training classes. I work as an information technology and cybersecurity instructor for several training and certification organizations. I have worked in corporate, military, government, and workforce development training environments I am a frequent speaker at professional conferences such as the Minnesota Bloggers Conference, Secure360 Security Conference in 2016, 2017, 2018, 2019, the (ISC)2 World Congress 2016, and the ISSA International Conference 2017, and many local community organizations, including Chambers of Commerce, SCORE, and several school districts. I have been blogging on cybersecurity since 2006 at http://wyzguyscybersecurity.com