Research has shown that the fear of fines through GDPR is making some firms more likely to pay cyber ransom than report the breach. This is a very scary thought and extremely counterproductive. Why is this happening and what could be done to prevent this?
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Entrepreneurs trying to grow their businesses are juggling so many demands on their time that they may find themselves unwittingly leaving the back door open to cybercriminals.
Sir Arthur C. Clarke said that: “any sufficiently advanced technology is equivalent to magic”. Well, I thought that transferring money from a country to another without paying any fees could only happen in a magical world, but since I have started travelling around the world of technology on my journey with Serviceteam IT, I would totally agree with Arthur.
Phishing Protection: Get enterprise-class reliability and protect against phishing, spoof, spam and malware, while maintaining access to email during and after emergencies. Exchange Online Protection provides a layer of protection features that are deployed across a global network of datacenters, helping you simplify the administration of your messaging environments. A cloud-based email filtering service that helps protect your organisation with extensive use of machine learning to detect risky attachments and web-links; phishing, scam and fake emails are discovered and destroyed before they even reach your inbox.
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.
UK business, infrastructure and government face an unprecedented level of threat from cyber-security attacks. The new National Cyber-Security Centre (NCSC) contended with 480 major incidents in its first 8 months, from global ransomware outbreaks to smaller breaches at British businesses, and the pace shows no sign of slowing.
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.
We use a number of methods and vendors to help completely secure our customers data. Backups for ransomware protection, password managers for credentials, multi-factor authentication, anti-spoof & anti-phishing protection, RADIUS authentication and device audit and management. Read more about how we help organisations.
Attackers accessed Social Security numbers, birth dates, addresses, and driver’s license numbers.
Bitcoin, has risen to fame in recent years and become especially prevalent due to the recent media coverage linked to cyber-fraud, particularly the WannaCry ransomware attack. They’re anonymous and not in the control of banks and governments. Despite its affiliations with the illegal economy, and the association with cyber-fraud, major banks and companies across the world are in talks to adopt digital currencies such as Bitcoins.
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