In just a few years, cyber extortion has gone from a fringe hacking activity to something that is now very much mainstream. In fact, it’s now possible for hackers to make upwards of $360,000 per year by joining a cyber extortion team.
In what is shaping up to be a major test case for the entire cyber insurance industry, Zurich Insurance is refusing to pay out a $100 million claim from Mondelez, saying that the ransomware attack was actually an act of “cyber war,” and therefore, is not covered by the policy.
New report from Datto shows that ransomware attacks continue to be the leading form of cyber attack experienced by small- and medium-sized businesses, with 4 of 5 MSPs having clients hit over the last 2 years.
Almost 18 months since the 2017 massive outbreak, the WannaCry ransomware remains a cyber threat based on recent research from Kaspersky Labs showing 75,000 infections over the last three months.
The ransomware threat landscape continues to evolve and the spreading mechanism has changed, shifting from simple phishing attacks, spam and drive-by-downloads to more sophisticated techniques. These advanced techniques in ransomware has proven successful in massive global attacks for 2017. What's coming in 2018?
Individuals, business leaders, and all other types of organization leaders need to improve their ransomware protections to protect their personal data, preserve privacy, and maintain access to their other data. What are some of the simple steps to avoid being a ransomware victim?