Decoding Ransomware: Essential Knowledge for Modern Cyber Defense

In today’s hyper-connected world, where technology is such an integral part of almost every industry, you have to take cybersecurity seriously. Statistics show that the rate of cyberattack attempts on businesses of all sizes is on the rise. And when it comes to cyber-crime, ransomware is one of the biggest threats of all. But what is ransomware, how does it work, and what are some steps a typical business can take to defend itself? Read [...]

By |2023-10-10T14:39:52+00:00May 31st, 2023|OIT, ransomware|0 Comments

Best Practices to Prevent Ransomware Attacks

Ransomware attacks achieved remarkable success in 2021. According to IBM’s “Cost of a Data Breach Report 2021,” the average ransomware attack cost businesses $4.62 million. Those costs cover the escalation and notifications related to the attack, in addition to the loss of business caused and the cost of a response. Note that these costs don’t include paying the ransom. The same report states that ransomware was a factor in 7.8% of data breaches where a [...]

By |2023-10-10T15:13:58+00:00November 28th, 2022|OIT, ransomware, Uncategorized|0 Comments

Data Security Leaks Prove Costly

Data security leaks come in all shapes and sizes. Many are malicious, whereas others are the result of human error. Regardless of the source or intent, data leaks can be tremendously detrimental to businesses. Consider these findings when assessing just how important data protection actually is:Malicious intent is on the rise. Previously, most data leaks resulted from human error or system glitches. According to Ponemon Institute’s 2015 "Cost of Data Breach Study", 47% of data [...]

Ransomware Will Reign Again This Year

Ransomware is the latest evolution in cyber threats and malicious Internet schemes. Last year, more businesses were struck by ransomware than ever before, and that trend is expected to continue. As a result, it’s essential for all professionals to learn more about ransomware and how to defend your company. What is ransomware? Ransomware is a program that infiltrates a computer system and restricts access to the system or certain files. The software encrypts data so [...]

Security Breaches can be Costly for Businesses

Sensitive information leaked can equal a scandal for companies. Besides the obvious loss of customer trust, reputation, sales and lowered stock price, the non-compliance fines can spell real trouble for an unwitting business. Audit committees are voracious about protecting customer-related information and corporate sensitive data. Companies are required to comply with data-privacy regulations, best practice requirements and industry guidelines regarding the usage and access to customer data. Privacy requirements for protecting non-public personal information [...]

By |2023-02-14T13:09:36+00:00December 13th, 2016|cryptolocker, data breach, Data security, information security, ransomware, Security|Comments Off on Security Breaches can be Costly for Businesses