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Archive for the ‘Ransomware’ Category

When considering the costs associated with a ransomware attack, we tend to assume that the greatest expense is paying the actual ransom. However, this isn’t necessarily the case. There are a number of hidden costs relating to things like forensic investigations, restoring backups, down-time, damage to reputation, lawsuits and fines. It should be noted that it’s generally not a good idea to pay the ransom. After all, there’s no guarantee … Read more

The infamous WannaCry ransomware attack of May 2017, which infected more than 300,000 devices across 150 countries, is still regarded as the most prolific of its kind. Hospitals in the UK were temporarily shut down. Ambulances were diverted, surgeries were cancelled, and appointments were postponed. Yet, despite the widespread damage that was caused by WannaCry, it was by no means the most profitable, nor was it the most sophisticated type … Read more

Arguably, one good thing to come out of the recent spate of crippling ransomware attacks is a wider adoption of ransomware detection and prevention solutions. Third-party ransomware specialists are providing quality solutions that help you spot ransomware attacks early and mitigate the damages that they can cause. Unfortunately, as these prevention solutions evolve, so too do the ransomware attacks themselves. In 2018, we’re likely to see ransomware attacks that are … Read more

Since the city of Atlanta was hit by a ransomware attack that effectively crippled much of the public services in the city, we’ve been getting a lot of people asking – why didn’t they just pay the ransom? Early reports suggest that the government of Atlanta did not pay the $51,000 ransom that was demanded in return for the encryption keys that would supposedly restore the affected systems. $51,000 does … Read more

On March 22nd, the city of Atlanta was hit by a very sophisticated “SamSam” ransomware attack that effectively crippled the government and much of the public services in the state. Citizens in the capital are unable to pay their parking fines or for essential services like water. The police are having to switch to paper reports as digital services have been compromised. These effects lasted for at least 6 days … Read more

A recent study by IT Security giant Sophos, The State of Endpoint Security Today, has revealed some very interesting facts about the devastating effects that ransomware has on organizations around the globe; and, in particular, on companies in the healthcare industry. Some of the key findings included the fact that more than half of the organizations that were surveyed had been affected by a ransomware attack, and on average they … Read more

There’s no doubt that attacks will continue to increase in frequency, severity and complexity. Behind the scenes, nations are fighting what appears to be a cybersecurity war. According to the president of Microsoft, North Korea was allegedly behind the WannaCry ransomware attack that temporarily brought down numerous NHS trusts. Ukraine’s security service (SBU) claim that Russia was behind NotPetya attacks which resulted in hundreds of millions of dollars in damages. … Read more

In recent years organizations have been investing a fortune in cybersecurity, but ransomware still remains as prevalent today (and maybe even more dangerous) as it has ever been. Ransomware attacks are, in essence, simple to prevent if the right security culture is in place. But, whilst organizations have implemented sophisticated security firewalls, the attitudes towards ransomware have not changed fast enough. Recent ransomware attacks Looking back at recent security breaches, … Read more

To any of you following our blog this year (you can subscribe using the form to the left of you right now!), you know that we have reached this conclusion already. But now it has been confirmed by none other than the National Audit Office themselves; the “WannaCry” ransomware attack that crippled much of the NHS in the UK could have been avoided by following simple IT security best practices. … Read more

Dial in on malicious modifications Devastating threats, such as Ransomware and Malicious Insiders, are knocking at your door. Global ransomware damage costs will exceed $5 billion in 2017, up from $325 million in 2015, says the Ransomware Damage Report from Cybersecurity Ventures. Sixty-two-percent of insider threats involve employees profiting from sensitive company data, says “Understanding Insider Threats” from Gartner. Increasing cyberattacks are forcing organizations like yours to find solutions that … Read more