Corvus Insurance

Happy Fourth of July from Corvus! 🎇

On February 20, 2024, an international operation involving ten countries targeted the LockBit group’s infrastructure to disrupt their operations. A few days later, on February 25, the LockBit administrator established a new leak site and resumed posting data. The group may be attempting to project an image of resilience, but it does not seem like the group is anywhere near its former strength in launching new attacks. Get the full story from our threat intel team in our ransomware report: https://lnkd.in/gNJVJyWS #Ransomware #Cybersecurity #ThreatIntel

Join us in giving a warm welcome to Mark Pawula! Mark joins the Corvus team as a Senior Underwriter for Cyber and Tech E&O. We're glad to have you on the team! #LifeAtCorvus #Underwriting #CyberInsurance

The manufacturing industry is under siege, with ransomware attacks skyrocketing by a staggering 1177% from Q1 2021 to Q1 2023, according to Corvus's Threat Intel team. Despite the grim statistics, there's a silver lining: manufacturers are learning to fight back. Our Threat Intel data reveals key insights into their vulnerabilities and the strategies they're using to fend off cyber threats: https://lnkd.in/gMwDN862 #CyberInsurance #Ransomware #Cybersecurity

18 newly discovered leak sites emerged in Q1, higher than in any prior quarter. This indicates an intensification of activity within established groups coupled with a surge in new entrants. The disconcerting conclusion is that, rather than experiencing a decline followed by stabilization, the ransomware ecosystem has swiftly adjusted to significant disturbances with minimal disruption to its overall activity. The hydra simply grew new heads: https://lnkd.in/gNJVJyWS #Ransomware #Cybersecurity #ThreatIntel

Despite a slowdown in ransomware activity in 2022, ransomware is back and busier than ever. In Q1, our threat intel team observed that the number of active leak sites reached an unprecedented high, totaling 60 in the first quarter of this year. Read our full ransomware report to get the latest insights: https://lnkd.in/gNJVJyWS #Ransomware #Cybersecurity #ThreatIntel

In Q1, the thoroughness of law enforcement represents a considerable advancement in global efforts to prevent cybercrime. As shown in the table below, the speed and comprehensiveness of the LockBit takedown exceeds every other notable attempt in the recent past. But our threat intel team found that despite these best efforts, ransomware groups aren't slowing down: https://lnkd.in/gNJVJyWS #Ransomware #Cybersecurity #ThreatIntel

Recently, the UK Corvids took part in a Charity Clean Up activity removing 60kg of rubbish out of the River Thames in Hammersmith/London. The team had the pleasure of meeting Flora from the Washed Up Cards campaign — she provided great insight into how the beach clean ups helped the environment and local wildlife. Over 200 tonnes of plastic is found from the River Thames every year, which is equivalent to the weight of 100 elephants! 🐘 Well done team!

Despite a record-breaking and tumultuous 2023, the early months of 2024 have not brought respite. With 1,075 leak site victims reported in Q1, this quarter has seen a 21% increase over the same period last year and is the most active first quarter ever recorded on ransomware leak sites. Get more ransomware insights in our threat intel team's Q1 ransomware report: https://lnkd.in/gNJVJyWS #Ransomware #ThreatIntel #Cybersecurity

With 1,075 victims reported in Q1 on leak sites, we've seen a 21% increase from last year: the busiest Q1 ever recorded. 📈 How can this happen when two of the most active groups have scaled back or stopped? Watch this on-demand webinar with Corvus threat intel and claims experts as they delve into our latest ransomware report. Understand the impact of ransomware across industries, including a surge in healthcare targets, and stay updated with the latest trends and statistics on ransomware from last quarter: https://lnkd.in/gvFcCJ6s #Ransomware #Cybersecurity #ThreatIntel