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With cyberattacks around the world escalating rapidly, insurance companies are ramping up the requirements to qualify for a cyber insurance policy. Ransomware attacks were up 80% last year, prompting underwriters to put in place a number of new provisions designed to prevent ransomware and stem the record number of claims. Among these are a mandate to enforce multi-factor authentication (MFA)

The first-ever Linux variant of the Clop ransomware has been detected in the wild, but with a faulty encryption algorithm that has made it possible to reverse engineer the process. "The ELF executable contains a flawed encryption algorithm making it possible to decrypt locked files without paying the ransom," SentinelOne researcher Antonis Terefos said in a report shared with The Hacker News.