Cyber insurance has great potentials in improving cybersecurity practices and protecting organizations against the impact of security incidents, but these potentials “have yet to fully materialize.” This is the key highlight of a recent report developed by the Royal United Services Institute for Defence and Security Studies (RUSI) and the University of Kent in the UK. The report provides a comprehensive list of recommendations for both governments and organizations.
Cybersecurity regulations were long viewed as an esoteric afterthought, even as technology exploded into every corner of our lives. But that's no longer the case, as governments and businesses seek to get a better grip on privacy regulations and data protections. At Egnyte, we track legal and regulatory trends closely so we can better serve our customers and respond to changes. Based on those observations, here are our cybersecurity regulation predictions for 2022.
The number of ransomware attacks continues to grow, and that trend will likely continue in 2022. Organizations will be attacked, files will be encrypted, and victims will need to decide whether to pay ransom or try to implement expensive and painful recovery techniques on their own. That much, unfortunately, should come as no surprise, but what will be different is how those attacks are carried out.
Nowadays, teleworking or following a hybrid work model has become commonplace. The question we need to ask ourselves is, is our remote connection secure? The National Security Agency (NSA) in the United States has published a best practices info sheet for government workers and contractors working in areas related to national security and defense. info sheet supplies advice on how to avoid cyberattacks due to a compromised or unsecured wireless connection.
FIN7 is a well-organized criminal group composed of highly-skilled individuals that target financial institutions, hospitality, restaurant, and gambling industries. Until recently, it was known that high-level individuals of this criminal enterprise were arrested — specifically 3 of them — and extradited to the United States. This criminal group performed highly technical malicious campaigns which included effective compromise, exfiltration and fraud using stolen payment cards.
