Ransomware Becomes Biggest Cyber Threat Facing Businesses

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Ransomware is turning out to be the biggest cyber threat facing companies in 2017 after attacks more than quadrupled in 2016 from the year prior, according to a new study. If you are not familiar with this fast-evolving cyber threat, typically the perpetrators will essentially lock down your database and/or computer system and make it unusable, then demand that you pay a ransom to unlock the system. The “Beazley Breach Insights Report January 2017” highlights a massive and sustained increase in ransomware attacks. Another report, the “2017 SonicWall Annual Threat Report,” found that cyber criminals are shifting their attention from…
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Ransom Often the Smallest Cost of Ransomware

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One of the least understood cyber threats to businesses is ransomware, which hackers use to shut down an organization’s computer system until the victim pays a ransom to unlock it. While most organizations focus on the cost of the ransom, which is typically less than $1,000, the costlier damage is to the company’s operations, which can be hampered or completely shut down after their systems are rendered unusable. Ransomware is one of the fastest-growing cyber threats and attacks are expected to grow 300% in 2016 from the year prior, making it vital for your organization to have in place systems…
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Watch Out for the Newest Cyber Threat: Ransomware

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The cyber-security stakes have gotten higher for enterprises with the recent news that a hospital in Los Angeles had to fork out $17,000 to pay cyber criminals after they crippled its network. The ransomware that infected Hollywood Presbyterian Medical Center and the ransom they had to pay the hackers to unlock their system reflect the newest danger facing any organization that has a computer network. The hospital’s case is not an isolated one, and experts are warning that cyber criminals have increasingly switched their targets from big companies to small and mid-sized businesses as their networks are easier to infiltrate,…
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Cyber Threat Mounts with Human Error and Ransomware

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Two new reports show two significant trends in the increasingly busy area of cyber security: Careless employees are a prime reason many companies’ databases are getting “phished” for data; and the rising tide of ransomware, where hackers freeze up a computer and demand payment to release it. And in a majority of cases, it is small and mid-sized firms that are being targeted. Don’t think you need to worry? Think again. When these malicious code-bearing e-mails (phishing and ransomware alike) are sent, there is an 11% chance that an employee will click on the link that will let the phishing…
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