Saturday, November 26, 2022

Arete and Cyentia Release Report Revealing Data-Driven Insights on Ransomware for Insurance Carriers

Reining In Ransomware Is Based on Data from Nearly 1,500 Ransomware Events Exceeding $1 Billion In Ransom Demands

BOCA RATON, Fla. - October 21, 2022 - (Newswire.com)

Arete, a leading global cyber risk management company, has released the second volume of its Investigative Cybercrime Series in collaboration with cybersecurity research firm Cyentia. The report, titled Reining in Ransomware, explores the most prolific ransomware strains, ransom demand and payment trends, and the implications of data exfiltration. 

The data for this research comes directly from nearly 1,500 ransomware events investigated by Arete, exceeding $1 billion in ransom demands. The insights in the report are drawn from thorough examination of tactics, techniques, and procedures (TTPs) employed by the threat actors.  

Download Reining in Ransomware. 

Key findings within the report: 

  • Seven of the top 10 ransomware strains in 2022 are new, which indicates swiftly changing dynamics among cybercriminals and their campaigns. 
  • Sixty-one percent of attacks involved infections through exploitation of poorly secured remote access services. As digitization increases, attacks also evolve. 
  • The top 10 post-compromise techniques each factor into more than 50% of ransomware incidents. 
  • Ransomware demands were five times higher when data exfiltration is involved. That is happening six times more often in 2022 than in 2019.

The report offers actionable takeaways for insurers and their insureds on how to help protect against today's most prolific cyber threats. The top 20 ransomware families account for a large majority of incidents, meaning there's an opportunity to greatly reduce risk by encouraging organizations to create a focused defense strategy. In today's hybrid world, where organizations are more connected than ever, it is essential to build a robust security infrastructure. Arete recommends a few security practices that can protect businesses from ransomware attacks, including network segmentation, multi-factor authentication (MFA), and behavior prevention at the endpoint. 

"Ransomware incidents have increased over the past few years, and attackers are also innovating their techniques to target businesses, which makes detection and recovery more challenging than ever," said Arete's Chief Data Officer Chris Martenson. "In this report, we highlighted insights to educate organizations on attack developments and how they can tackle them. In today's digital-first world, it is pivotal for companies to build cybersecurity teams in-house or collaborate with a third-party security partner to be prepared for the evolving threat landscape," Martenson added. 

In the first report of this series, Mitigating Ransomware's Impact, Arete shared data-driven insights on ransom demands and payments, victims' industry and implemented controls, likelihood to pay, and reasons for payment. The report dove into how data has helped Arete negotiate ransoms down by up to 93%, with all the requested recovery tools and reports successfully delivered to the client. Reining in Ransomware builds on these initial insights.  

Download the latest report, Reining in Ransomware. 


Contact Information:
Annemarie Cyboron
Chief of Staff
[email protected]


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Original Source: Arete and Cyentia Release Report Revealing Data-Driven Insights on Ransomware for Insurance Carriers
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Author Joshua Stevens’s New Book ‘Dark Legends: Rise of Darkness’ Explores a Vast Republic Far From Earth That Sits on the Cusp of a...

Recent release "Dark Legends: Rise of Darkness" from Newman Springs Publishing author Joshua Stevens is a thrilling fantasy which centers around a peaceful republic set in a galaxy far removed from Earth. Despite the current era of peace, war looms on the horizon as the pirate clans who faced defeat in the Pirate Wars begin their resurgence to regain power once more.

Danube, MN - November 23, 2022 - (Newswire.com)

Joshua Stevens, a Navy veteran who has been writing all his life and holds a bachelor's degree in electronics, with a minor in communications, has completed his new book "Dark Legends: Rise of Darkness": a captivating and gripping adventure that finds one brave hero assigned to defending his galaxy from the dangerous pirate clans that have returned from the depths of defeat to cause chaos and regain their positions of power.

"In a system far from Earth, a vast republic reigns with compassion and fairness," writes Stevens. "Though the republic is at peace, an ancient cold war is heating up. The pirate clans have begun a resurgence since their defeat in the Pirate Wars. Their new leader, hidden in the shadows, rules the clans with an iron fist. His second in command, a ghost from the past, is scared by the clans. Both men are destined to bring an end to the home world, fulfilling the prophecy that created the clans ten thousand years ago. They watched as their world and those who shunned them were obliterated in the blink of an eye.

"The only man that can stop them is the only son of a long lineage of heroes. This man is linked both to the past and the clans in ways he does not realize. He is in command of the most advanced starship the republic has ever constructed, to help find a new home. His crew is the best of the best, brave and loyal, willing to do the right thing regardless of the consequences.

"Both sides will face off with each other reveal hidden secrets that no one suspected. It is a battle between good and evil that will span the known universe in a quest for revenge. Will our hero stop another world from burning or falling like his?"

Published by Newman Springs Publishing, Joshua Stevens's thrilling tale will launch readers into an action-packed space fantasy full of unique worlds and fully realized characters. Suspenseful and mesmerizing, "Dark Legends: Rise of Darkness" will leave readers on the edge of their seats, desperate for more with each turn of the page.

Readers who wish to experience this engaging work can purchase "Dark Legends: Rise of Darkness" at bookstores everywhere, or online at the Apple iBooks Store, Amazon, or Barnes & Noble.

For additional information or media inquiries, contact Newman Springs Publishing at 732-243-8512.

About Newman Springs Publishing: 

Newman Springs Publishing is a full-service publishing house for serious authors. Each title produced by Newman Springs Publishing undergoes every step of the professional publishing process, including editing, layout, cover design, circulation, distribution, and publicity. All titles are made available in both eBook and print formats. Newman Springs Publishing distributes to tens of thousands of retail outlets throughout North America and internationally. All manuscripts in any genre are welcome to be submitted for review; If the manuscript meets the necessary criteria and is accepted for publication, Newman Springs Publishing will work closely with the author to bring the book to the retail market for a relatively inexpensive initial investment.


Contact Information:
Media Relations
[email protected]


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Original Source: Author Joshua Stevens's New Book 'Dark Legends: Rise of Darkness' Explores a Vast Republic Far From Earth That Sits on the Cusp of a Brewing War Between 2 Factions
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