Ransomware is no laughing matter, especially in terms of the costs it can impose on its victims—this is, after all, what ransomware is famous for. However, some of these costs can be derived from unexpected expenses and exacerbate the already significant issues that ransomware poses. Let’s go over some of the costs that you should anticipate, should you be targeted by a successful ransomware attempt.
Let’s begin with a cold, hard fact—if a business has been targeted by cybercrime from an outside source, there is a 68 percent chance that another attempt to access their network will come within one year. This statistic comes from Crowdstrike, a cybersecurity solutions provider. Despite this reality, there seems to be a perception that there’s some unwritten rule somewhere that a company can only be attacked once.
When people talk about cybersecurity nowadays, there certainly seems to be a lot of emphasis put on phishing attacks and ransomware. This is for good reason. Not only can either of these attack vectors create significant difficulties for a business, they are often used in tandem. Let’s discuss why these threats are so potent, and why they so often show up together.
When people talk about cybersecurity nowadays, there certainly seems to be a lot of emphasis put on phishing attacks and ransomware. This is for good reason. Not only can either of these attack vectors create significant difficulties for a business, they are often used in tandem. Let’s discuss why these threats are so potent, and why they so often show up together.
Ransomware has been a major problem for several years now, and 2018 continues to see this threat develop in unforeseen ways. Ransomware is malicious software that can encrypt data located on your device or network, with the encryption key only being available to those who pay a ransom. Ransomware is known today as one of the most pervasive threats out there. We’ll take a look at how ransomware has changed, what the future looks like, and how you can keep yourself safe.
2018 will see many changes to the way that businesses manage security, but unlike 2017, when many companies suffered from large high-profile data breaches, the trends aren’t as obvious as you might think. We’ll go over some of the potential trends we could see as a result of 2018’s security developments and why they matter to your business.
The do-it-yourselfers of the world have enjoyed the autonomy that the Internet brings into their lives. They can now look up how-to guides and YouTube videos on how to do just about anything. However, the Internet has also given hackers and other cybercriminals access to all sorts of technology that makes using malware and other threats easier than ever before--even for inexperienced users.
The business world has been presented a lot of threats recently, and perhaps one of the most notable is ransomware. The reason it has become so notorious is because it’s incredibly difficult to remove from a system; and, the way that it spreads is constantly changing and adapting to further its influence. How can your business prepare against such a volatile threat? It all starts by remaining mindful of how ransomware spreads.
While many youngsters enjoy it when their school shuts down, this was likely not the case in Flathead Valley, Montana, where the cybercriminal group ‘TheDarkOverlord Solutions’ targeted the entire Columbia Falls school district. This attack caused the three-day closure and otherwise disrupted over 30 schools, and the personal information of teachers, students, and school administrators was supposedly to be released if the group didn’t receive a ransom payment.
Ransomware has grown in popularity since it first made itself known, but it wasn’t until just last year where it became a powerful presence in the cyber world. Ransomware encrypts the files of its victims and demands payment for the decryption key. In just one year, ransomware stole approximately $1 billion from its victims. Most notable, though, is that these victims were not just from large enterprises, but small companies, too.
