Did you know that the United States is the leader in ransomware payments? According to a survey from Mimecast titled “The State of Ransomware Readiness,” the U.S. has the highest average payment for ransomware out of the entire world at more than $6 million per victim. These shocking numbers likely stem from high-profile ransomware attacks, but they are also indicative of a larger problem, that being people who still pay the ransom.
We often discuss how your business can avoid the impact of ransomware, but what we don’t often discuss is what happens to businesses that do, in fact, suffer from such a devastating attack. We want to use today’s blog as an opportunity to share what your business should (and should not) do in the event of a ransomware attack, as well as measures you can take to avoid suffering from yet another in the future.
All industries today are susceptible to cyberattacks, but it’s easy for certain types of businesses to feel they are the exception. Take construction for example. Many people wouldn’t anticipate the construction industry to be a viable or worthwhile target for cybercriminals and hackers. Unfortunately, cybercriminals don’t see it this way.
Ransomware has become THE topic of conversation in the IT world, and it seems that there is a new ransomware headline every day. Unfortunately, this can lead some business owners to become indifferent to the threat, exposing their networks to compromise. Here’s why you should consider ransomware an existential threat to your business.
We know, we know; you’re probably sick of seeing ransomware in headlines, and so are we, but we cannot stress enough how important having an awareness of it is for any business owner. A new study has found that businesses infected by ransomware who choose to pay up experience a different type of fallout--one that is a major cause for concern and a stark reminder that there are no guarantees with ransomware. Ever.
What if I told you that 92 percent of all organizations that are hit by a ransomware attack and agree to settle with the scammers, don’t ever see their data again? You’d probably say that you would never, ever pay and those that do, don’t make sense. Most people keep that stance until their choices are to pay for the data in the hopes of getting it back, or lose it completely. Let’s unpack ransomware and the strategy that hackers most utilize to deploy it: Phishing.
Many businesses still think they can’t be targeted by cybercriminals because of their size or industry. Companies feel that if they aren’t handling millions of dollars, they have nothing to worry about. As ransomware attacks continue, cybercriminals are turning their attention to the transportation industry.
Many Massachusetts organizations have found themselves face-to-face with cyberattacks in the form of ransomware. While cyberattacks may seem inevitable, there are steps you can take to protect your business. Here is why 2FA is the one thing you can implement to reduce the chances of a data breach.
Many businesses don’t think about ransomware until they suddenly can’t access any of their data without paying off a cybercriminal. However, Massachusetts has one of the most robust data protection laws in the nation. This means that even if you manage to regain your data, your business may still be in jeopardy if you don’t follow Massachusetts’ data protection laws. Here’s how you can protect your business.
Cybercriminals will always target your team first, as your team is, unfortunately, the weakest link in your cybersecurity chain. However, it doesn’t have to be that way. Here are three tips to transform your team from the weakest link to your first line of defense protecting your data.
Are you backing up your data regularly? With ransomware attacks increasing, your backup is your best defense, but only if it's done right. Take a moment to see if you're following best practices to back up and retrieve your data in case of a disaster.
For the past several years, ransomware has been a major thorn in the sides of businesses. Hackers that were once known for “hacking” into networks, changed tactics when encryption just got too strong. Today, these “hackers” use confidence tactics to gain access to accounts. Once they’re in, their strongest tool is ransomware. Let’s look at what makes ransomware so dangerous and how your company can combat the constant attacks that come your way.
Medical offices are treasure troves of valuable sensitive data - from patient records, insurance information, payment details, to payroll, there is no shortage of the kind of information a cybercriminal would be quite interested in. No matter, that’s part of what HIPAA (the Health Insurance Portability and Accountability Act) compliance is for, ensuring that medical data is adequately protected… right?
65 of any currency doesn’t seem like a lot of money, but when you are dealing in the cryptocurrency Bitcoin, it adds up quick. One city on Florida’s Atlantic coast is finding that out the hard way after getting hit with a ransomware that stymied the city of 35,000 government’s ability to function. Let’s take a look at the situation that made the city’s leaders agree to pay hundreds of thousands of dollars to scammers.
Let me ask you a question… let’s say that you’re about one year from your projected retirement, when a ransomware attack encrypts all of your files. What do you do? Pack it in and retire early? This is precisely the situation that the practitioners of Brookside ENT & Hearing Services of Battle Creek, Michigan, have found themselves in - and it may not be over yet.
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