Skip to comments.Firms risk closure as cyber attacks surge, new report warns
Posted on 05/31/2021 8:17:09 AM PDT by C210N
Cyber attacks on businesses are increasing and creating such a trail of damage it's pushing many firms to the brink of closure, a new international survey has found.
According to the Hiscox Cyber Readiness report 2021 some 43 per cent of companies report having been targeted with over a quarter experiencing five assaults or more. One in six businesses attacked (17 percent) also reveal how the financial impact has threatened the company’s future.
Ransomware now commonplace: Around one in every six firms attacked was targeted with ransomware and more than half paid up. In the US, the proportion paying a ransom was 71 percent. The costs of recovery from a ransomware attack were typically almost as high as any ransom paid (making up an average 45 per cent of overall cost). Phishing emails were the main way in for the extortionists, with small companies particularly likely to succumb.
(Excerpt) Read more at express.co.uk ...
Threatens 17% of surveyed companie's futures.
The proportion paying a ransom was 71 percent.
One word” “PCmatic”! :-}
Always a good bet for scammers.
So much of this has been brought on by the work from home model. Left many companies very vulnerable
And what do they have in common? Why running Bill Gates’ software, I bet.
Time to go with the Adama program on the Galactica.
“So much of this has been brought on by the work from home model.”
Cybersecurity costs money; too many businesses don’t look past the current quarter’s financial report. (Same reason pseudo-qualified foreign labor is so popular.)
Funny you should mention...
Where does that come from?
Does remind of the term “PANIC”.
Part of the problem is that many businesses hire a lot of stupid people both as workers and managers.
You can’t fix stupid.
Lots of it, look around.
So you have no evidence for your claim - got it.
Yep, the “Blue Screen of Death..” How prophetic!
Was a massive, major issue before (and outside of) the surge in work from home.
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