Outsourced IT

SEC cracking down on vendor cybersecurity measures

Doing business with a publicly-traded company? You’d better be sure your cybersecurity measures are up to date. In the wake of several so-called supply chain breaches (think SolarWinds or Kaseya), public company boards are feeling pressure from auditors to dig deep into their vendors’ security practices. It’s no longer a casual “check the boxes” task. …

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Ransomware attacks pummeling cyber insurance industry

Have you experienced sticker shock with your cyber insurance renewal? Been unable to complete an insurer’s security questionnaire? Even been denied renewal of your policy? All this is happening as insurers stagger under the weight of growing ransomware claims. Ransomware attacks are soaring. Last year, reported ransomware attacks increased 400 percent, according to the Associated …

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Biden urges private companies to protect against ransomware

The Biden administration Wednesday urged private U.S. companies to take five key steps to protect against ransomware. These are best practices most likely to reduce an organization’s risk of succumbing to a ransomware attack. Our clients are very familiar with these five steps. They are: Back up your data, system images, and configuration. Regularly test …

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Ransomware payments may add U.S. sanctions to your costs

Did you know – the U.S. Treasury Department has warned that making ransomware payments could bring sanctions on your organization. The warning also applies to banks and insurance companies, as well as firms negotiating the payments. This is because ransomware can come from a sanctioned country or bad actor. For example, one U.S. sanctioned country, …

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Ransomware: National security risk needs global approach

The rising scourge of ransomware needs a global approach to halt its devastation, a task force with government and corporate representatives announced last week. Ransomware is “a flourishing criminal industry” which “routinely imperils lives,” the task force organized by the non-profit Institute for Security and Technology wrote. Utilities, hospitals, schools, military posts, and municipalities all …

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