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Advanced Data Security: Safeguarding Your Business In The Digital Age  

VISTA InfoSec

Backup Your Data Regularly Safeguarding your vital data is non-negotiable. Implement a solid backup strategy to renew your operations after disruptive incidents like ransomware encryptions, hardware failures, or accidental deletions. A crafty hacker could infiltrate accounts secured by flimsy credentials.

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Cohesity Reveals over 9 in 10 UK Firms Have Paid Ransoms Despite Alleged “No Pay” Stances

The Fintech Times

Despite many organisations putting forward a defensive stance that they will never pay out a ransomware attack, research from Cohesity , the AI-powered data and security firm, has revealed that over 97 per cent of UK firms have paid a ransom in the last two years.

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When SMBs Are Priced Out Of Ransomware Protection, They Face An Uphill Battle

PYMNTS

When a company is hit by ransomware, the cost of paying the ransom is rarely, if ever, the full cost of the cyberattack. And while most said they acknowledged ransomware as a significant threat, less than half said they were confident they would be able to deal with a ransomware attack.

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City Held Hostage — Via Bitcoin Ransomware

PYMNTS

When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. But this time, the case is a bit more serious as it has to do with hackers using bitcoin ransomware to lock out local government employees from their own computers. The result? million in losses for victims.

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Private Sector, Health Care, Government All Face Data Security Risks

PYMNTS

The latest report from the Identity Theft Resource Center (ITRC) and CyberScout finds a worrying trend: 2016 was a record year for data breaches, with businesses emerging as the largest target for hackers by far. Health care entities and government agencies, too, are at risk for their data security.

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System Intrusion Rises to Dominance in APAC Threat Landscape

Fintech News

These intrusions are often used as entry points to carry out various malicious objectives, such as deploying ransomware, stealing data, or maintaining covert access. Within the category, ransomware accounted for 51% of breaches, reinforcing its profitability as a favored tool among cybercriminals.

APACS 90
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Ransomware attacks are more mob shakedown and computer hack

Payments Source

Then a layered approach to security and recovery plan can ward off the crooks, says Nominet's Stuart Reed. The first line of defense is to not pay the ransom.