Ransomware gangs are plundering companies in Viking like raids, say Britain’s former top cyber spy. Ciaran Martin, the former chief executive of Britain’s National Cyber Security Centre, said: “We should start from the presumption that large scale transfers of wealth to Russian hackers should not be allowed.”
US-based legal giant Campbell Conroy & O’Neil that serves Fortune 500 firms, including Apple and Pfizer, is continuing its investigation on a ransomware attack that resulted in unauthorized access to certain client data.
Ukrainian police have arrested members of a notorious ransomware gang that recently targeted American universities. The Ukraine National Police said it had worked with Interpol and the US and South Korean authorities to charge six members of the Ukraine-based Cl0p hacker group who are allegedly responsible for a half billion-dollar cyber crimewave.
A nasty cyber gang claims to take a bite out of Apple with $50 million ransom. The gang of cyber criminals are demanding the Cupertino-based firm pay up the money or they will release Apple device blueprints.
The US Justice Department is creating a task force to tackle the growing threat of ransomware and extortion schemes targeting school districts.
Ransomware Backup Protection: Image-based backup, and a hybrid cloud model, delivering enterprise-grade functionality at a small business price. Ransomware backup detection is provided through a Total Protection Solution, devices actively monitor backups, and when a ransomware footprint is detected, it notifies admins that they have a likely ransomware attack.
In the past, cyber attackers have often been unaware of how much stolen data is worth to organisations. However, the implementation of GDPR means that organisations can be fined up to 4% of their global annual turnover or €20m, whichever is greater, if found to have a data breach. These fines effectively provide cyber criminals with a price point for criminals to understand how much the data is worth to organisations.
Incidents infecting hundreds of thousands of computers globally bring problems into rather sharp focus. Ransomware has been with us for many years. We’ve seen a number of customer cases that prove it’s possible to survive these attacks. Without having to pay. As the ransomware threat continues, it’s imperative to understand how you can protect your business. Having a strategy is a really good start.