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Firms risk closure as cyber attacks surge, new report warns
Daily and Sunday Express ^ | May 31, 2021 | Maisha Frost

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 ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: closure; cyber
Ransomware going main stream.

Threatens 17% of surveyed companie's futures.

The proportion paying a ransom was 71 percent.

1 posted on 05/31/2021 8:17:09 AM PDT by C210N
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To: C210N

One word” “PCmatic”! :-}


2 posted on 05/31/2021 8:18:20 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this?)
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To: C210N

“Phishing emails”

Always a good bet for scammers.


3 posted on 05/31/2021 8:23:05 AM PDT by dynachrome ("I will not be reconstructed, and I do not give a damn.")
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To: C210N

So much of this has been brought on by the work from home model. Left many companies very vulnerable


4 posted on 05/31/2021 8:35:14 AM PDT by spacejunkie2001
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To: C210N

And what do they have in common? Why running Bill Gates’ software, I bet.


5 posted on 05/31/2021 8:35:19 AM PDT by Shady (Prince Andrew must be dethroned...And who killed Ashli Babbitt? )
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To: C210N

Time to go with the Adama program on the Galactica.


6 posted on 05/31/2021 8:40:17 AM PDT by corkoman
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To: spacejunkie2001

“So much of this has been brought on by the work from home model.”

Evidence?


7 posted on 05/31/2021 8:42:05 AM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
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To: C210N

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.)


8 posted on 05/31/2021 8:45:12 AM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
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To: Shady
Why running Bill Gates’ software...

Funny you should mention...


9 posted on 05/31/2021 8:47:46 AM PDT by C210N (You can trust government or you can understand history. But you CANNOT do both)
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To: rktman

Where does that come from?

Does remind of the term “PANIC”.


10 posted on 05/31/2021 8:48:58 AM PDT by C210N (You can trust government or you can understand history. But you CANNOT do both)
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To: C210N

LOL.

5.56mm


11 posted on 05/31/2021 8:49:10 AM PDT by M Kehoe (Quid Pro Joe and the Ho need to go.)
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To: NobleFree

Part of the problem is that many businesses hire a lot of stupid people both as workers and managers.

You can’t fix stupid.


12 posted on 05/31/2021 8:51:26 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: NobleFree

Lots of it, look around.


13 posted on 05/31/2021 9:01:39 AM PDT by spacejunkie2001
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To: spacejunkie2001

So you have no evidence for your claim - got it.


14 posted on 05/31/2021 9:05:18 AM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
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To: spacejunkie2001
So much of this has been brought on by the work from home model when implemented by businesses in a half-***ed insecure way.

Fixed it.

15 posted on 05/31/2021 9:15:51 AM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
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To: C210N

Yep, the “Blue Screen of Death..” How prophetic!


16 posted on 05/31/2021 9:43:26 AM PDT by Shady (Prince Andrew must be dethroned...And who killed Ashli Babbitt? )
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To: spacejunkie2001

Was a massive, major issue before (and outside of) the surge in work from home.


17 posted on 08/09/2021 10:06:54 AM PDT by 9YearLurker
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