Ransomware

Zurich Insurance Group Refuses to Pay A Ransomware Victim

Any company that became a victim of ransomware has many expenses to expect. First in the list is the cost of the ransom payment demanded by the ransomware author. Companies with no reliable backup system in place that can recreate the lost data have no other choice but to hire professionals to rebuild the lost

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This Is How Security Needs To Evolve For The Snapchat Generation

You may be sick of hearing about Millennials. Heck, most Millennials are sick of hearing about Millennials—and many resent being lumped into one massive, stereotyped group. It was no different for the Gen Xers who came before them. But there’s a reason why those stereotypes exist—and there are distinct differences among the generations. Next up

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SamSam Ransomware Is The New Kid On The Block With The Worst Reputation

The reality of ransomware has skyrocketed in the past year, raking in millions upon millions of dollars for crafty hackers and their criminal syndicates, all of whom appear to have created the golden goose of malware. In a recent blog post, Sophos revealed that WannaCry’s spiritual successor, SamSam Ransomware, has now pulled in $5.9 million

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Why SamSam Ransomware Is The Goose Who Laid The Golden Egg

In the past year, ransomware has raked in millions for cybercriminals and their syndicates who both appear to have created the golden goose of malware.Sophos, with their blog post, has announced that WannaCry’s spiritual successor, SamSam ransomware has made $5.9 million in profit. The line chart above supplied by Sophos details the profit episodes of

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Don’t Forget These 4 Tips To Stop A Ransomware Infection In Its Tracks

Fourteen months after WannaCry has been introduced to the world, we continue to hear new stories of companies falling for its derivatives and seems like there is no end to the scourge. One way or another firms realize that the installation of an antivirus software is no longer sufficient. Employees make or break the corporate

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Ransomware Dethroned As Cryptomining Virus Takes The Lead

The time of ransomware at the top of the malware food chain is over, statistics from Kaspersky shows that there was a massive increase in incidents of ransomware infection in 2016. As per their findings: “The total number of users who encountered ransomware fell by almost 30%, from 2,581,026 in 2016-2017 to 1,811,937 in 2017-2018.

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How The 2017 WannaCry Scam Evolved Into Straight Up Extortion

May 12, 2017, will always be remembered by the corporate world, especially the healthcare industry as a date when a new cyber-extortion racket, the WannaCry malware was unleashed and no cybersecurity software was able to anticipate it. It took advantage of a flaw in Server Message Blocks (SMB) version 1.0 to penetrate an otherwise security-hardened

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Here’s The Right Mindset Against Ransomware

Businesses of all sizes have been investing in security software and fundamental cybersecurity infrastructure for decades. The antivirus industry has grown into a huge industry on its own from its humble beginnings of just being a small utility a user can optionally be bought and came with a floppy disk media. In fact, the very

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Here’s Why CIOs Worry More About Ransomware Than Inside Jobs

According to a recent study, about 72% of all Chief Information Officers (CIOs) believe corporate extortion is the number one security threat facing organizations today. This is the result of a survey conducted by Logicalis Ireland, an IT solutions firm, which covered 890 CIOs from 23 countries in the world. CIOs are very aware of

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