Skip to content

API Best in Class

Best Video streaming website Roger Rohrs Editor

  • Categories
    • Animation
    • Art
    • Comedy
    • Education
    • Films
    • Food
    • HD
    • Life
    • Music
    • Nature
    • Parent
    • Parent Category
    • Photography
    • racing
    • Science
    • Sports
    • Travel
    • Uncategorized
    • Viral Videos
    • aciform
  • Privacy Policy
  • Register

Tag: meaning that some or all of your files remain inaccessible. Even if systems access is regained

Ransomware, costs and what to do???

Posted on June 1, 2021 by webbyadmin

Ransomware costs: here’s where the damage happens

Nathan House

May 27, 2021 by Nathan House

For organized gangs and amateur criminals alike, ransomware offers a quick way to make money. And especially with the proliferation of ransomware-as-a-service on the dark web, it doesn’t take a tech genius to get an attack off the ground.

For the businesses targeted, a ransomware attack means a big dent in company finances – and we’re not just talking about the cost of the ransom if you choose to pay it.

If your boss is skimping on cyber security, training and anti-ransomware planning, here’s how those failures could end up hitting the company in the wallet…

Ransom payments

According to Sophos, the average ransom paid by businesses last year was just over $170,000. The most common payment was $10,000.

But how many people actually pay up? Accurate figures are hard to get, because (understandably) most businesses try not to advertise the fact that they’ve given in to extortion. But if recent research from the UK is reflective of what’s happening globally, then it seems that around half of businesses do actually pay.

It’s easy to see why some businesses might go down this route. Meeting the fraudster’s demands might seem like the quickest, easiest and least costly way to get back to normal.

But costs-wise, just bear in mind the following:

  • 92% of organizations who pay a ransom do not get all of their data back. On average, they recover just 65% of it.
  • There’s a real risk of getting nothing back at all. The fraudster might simply disappear without supplying you with a decryption key, or the key may be flawed, meaning that some or all of your files remain inaccessible.
  • Even if systems access is regained, the data has already been exploited. Sensitive data (e.g. customer account details) may already be out in the wild, so you will still need to notify customers.

The FBI and other enforcement agencies advise against paying a ransom in the strongest possible terms. It doesn’t usually make the clean-up costs go away: it just means you are handing over a five-figure sum (or more) to a fraudster, on top of those costs.

Remediation and recovery

Once an attack has occurred, you need to isolate affected systems and endpoints, forensically check the location and extent of impact, before reconnecting your backup and restoring your data.

Most organizations need external help with this, and it doesn’t come cheap. The Palo Alto Networks’ 2021 report shows that the average cost across the U.S., Europe and Canada for remediation and recovery services following an attack is $73,851. Smaller businesses pay an average of $40,719.

Downtime

Let’s say your CFO is reluctant to sign off on the cost of updating your security and backup capabilities. If it seems expensive, how does it compare to 16 days’ lost revenue?

According to Coveware, the average outage time following a ransomware attack now stands at 16.2 days. If you are sensible, your restoration plan will focus on getting business-critical systems back online first of all, so sales channels should be prioritized. However, even a few days’ outage can be extremely costly.

Legal

Do you have to tell outsiders about the attack? If so, who?

It depends on what categories of data have been compromised and the severity of the breach. In the UK and Europe for instance, there’s an obligation to inform individuals as well as local data protection authorities if personal data has been compromised. The situation can get especially complicated if you have customers in multiple locations.

It’s likely that the company will need to call on legal advice to ensure compliance with your reporting obligations. It’s expensive, but often essential, to avoid sleepwalking into regulatory fines and/or civil action.

Public relations

The lawyers tell you who you need to notify, and the information you need to provide. But to get the message right, you need reputation management expertise. Once again, it may be necessary to call on outside help.

A PR expert should be able to advise you on how to frame your initial notifications. You may well be faced with an influx of customer queries, so you’ll need help in putting together a crisis communications team.

Insurance

Information security incidents – including ransomware attacks – are almost never covered by general insurance. For anti-ransomware protection, the business will need a specific cyber insurance policy.

Cyber insurance should protect you from direct loss of income as a result of an attack. Many insurers will also put you in contact with remediation and recovery services. However, some costs may not be covered, such as the long-tail reputational damage of an attack. What’s more, if you have to wait for the insurer to investigate before paying out, it can place massive pressure on cash-flow.

Don’t ignore the threat 

Knowledge of malware detection, network security, user education, backup and recovery are all essential elements of any anti-ransomware strategy.

For a head start in keeping your company safe, take a closer look at VIP membership to the StationX Cyber Security school.

Nathan House

Nathan House is the founder and CEO of Station X a cyber security training and consultancy company. He has over 25 years experience in cyber security where he has advised some of largest companies in the world, assuring security on multi-million and multi-billion pound projects. Nathan is the author of the popular “The Complete Cyber Security Course” which has been taken by over 200,000 students in 195 countries. Winner of the AI “Cyber Security Educator of the Year 2020” award. Over the years he has spoken at a number of security conferences, developed free security tools, and discovered serious security vulnerabilities in leading applications. PGP Fingerprint : CBA3FBF729FB00CB21D64FB00E7955AE6E37FEF1

Posted in Education, Technology Tagged 000. But how many people actually pay up? Accurate figures are hard to get, 000. The most common payment was $10, 2021 by Nathan House Tweet Share Share 0Share 0Pin For organized gangs and amateur criminals alike, a ransomware attack means a big dent in company finances - and we’re not just talking about the cost of the ransom if you choose to pay it. If your boss is skimping on cyber security, because (understandably) most businesses try not to advertise the fact that they’ve given in to extortion. But if recent research from the UK is reflective of what’s happening globally, easiest and least costly way to get back to normal. But costs-wise, here’s how those failures could end up hitting the company in the wallet... Ransom payments According to Sophos, it doesn’t take a tech genius to get an attack off the ground. For the businesses targeted, just bear in mind the following: 92% of organizations who pay a ransom do not get all of their data back. On average, meaning that some or all of your files remain inaccessible. Even if systems access is regained, or the key may be flawed, Ransomware costs: here’s where the damage happens Nathan House May 27, ransomware offers a quick way to make money. And especially with the proliferation of ransomware-as-a-service on the dark web, the average ransom paid by businesses last year was just over $170, the data has already been exploited. Sensitive data (e.g. customer account details) may already be out in the wild, then it seems that around half of businesses do actually pay. It’s easy to see why some businesses might go down this route. Meeting the fraudster’s demands might seem like the quickest, they recover just 65% of it. There’s a real risk of getting nothing back at all. The fraudster might simply disappear without supplying you with a decryption key, training and anti-ransomware planning

We are watching things in Scottsdale AZ

Post to look at

  • Supercars.. Upcoming
  • Tesla Plaid faster than the Corvette
  • LEAN GREEN MACHINE: Jason “Captain America” Britton’s 2009 Mercedes-Benz SL65 AMG Black Series Heads To Las Vegas
  • BACK TO THE FUTURE: 88 mph Is The Magic Number For This Fully Functional “Mr. Fusion Time Machine” Re-creation
  • 100 million dollars in show room of cars
  • SR 71 Ground speed
  • Tom Cruise test drives F1 car/ helicopter loops
  • Top of line Motor Coach
  • Aventador LP700-4 Musceo Lamborghini
  • Build your own Supercar
  • 12 upcoming supercars
  • Supercars you might never have heard about
  • Top Gun Maverick Darkstar
  • Need to be at school deliver with class. F1 McLaren
  • Super cars that never got built.

Pain Gone Dr. V

https://www.azpainmd.com

tags

#aircraft (5) Airplane (6) Amazing (6) apibestinclass.com (8) Barrett Jackson (5) bmw (5) breaking news (6) business (7) business news (6) china (9) CNBC (6) coronavirus (24) coronavirus symptoms (6) design (6) DIY (7) economy (6) featured (13) Ferrari (5) food (5) ford (6) Health (13) how to (7) Jet (5) magazine (5) money (14) New (5) news (17) photo (37) photography (5) Plane (5) politics (6) recession (6) review (12) social (5) stock market (12) stocks (10) technology (5) tips (5) Top 10 (6) Travel (5) us news (6) UV light (7) Video (16) virus (10) world news (6)

meta

  • July 2022 (4)
  • June 2022 (20)
  • May 2022 (6)
  • April 2022 (12)
  • March 2022 (2)
  • January 2022 (22)
  • December 2021 (1)
  • November 2021 (2)
  • October 2021 (3)
  • September 2021 (6)
  • August 2021 (7)
  • July 2021 (7)
  • June 2021 (24)
  • May 2021 (15)
  • February 2021 (17)
  • October 2020 (10)
  • September 2020 (4)
  • August 2020 (2)
  • July 2020 (2)
  • April 2020 (22)
  • March 2020 (107)
  • February 2020 (92)
  • August 2015 (14)
  • February 2015 (5)
  • January 2015 (5)
  • October 2014 (2)
  • August 2014 (4)
  • June 2014 (1)
  • May 2014 (4)
  • March 2014 (3)
  • February 2014 (12)
  • January 2014 (2)
  • December 2013 (1)
  • November 2013 (4)

posts

  • 3 d Printed Homes (4)
  • aciform (7)
  • aircraft (25)
  • Animation (14)
  • Architecture (37)
  • Art (36)
  • auction (16)
  • Cars (74)
  • cell phones (3)
  • Comedy (6)
  • Education (236)
  • Films (13)
  • Food (15)
  • Gallery (23)
  • good profit with little down side (5)
  • HD (8)
  • Health (134)
  • investing (34)
  • Life (188)
  • money (24)
  • Music (9)
  • Nature (9)
  • Parent (4)
  • Parent Category (7)
  • Photography (55)
  • Premium (29)
  • racing (71)
  • Reviews (17)
  • Science (10)
  • Soccer (3)
  • Social Media (14)
  • Sports (20)
  • Stock Photo (29)
  • Technology (109)
  • Themes (7)
  • Travel (179)
  • Uncategorized (60)
  • US & World (155)
  • Vimeo (6)
  • Viral Videos (4)
  • WordPress (5)
  • Youtube (14)
All rights reserved © API Best in Class Powered by WordPress Theme by SEOS
  • Features
  • Home
  • Contact
  • Submit
  • Tags
  • Categories
  • Photos
  • Reviews
  • Youtube
  • Media
  • Health