Security Breach – 6 June 2021

Security Breach – 6 June 2021

Ransomware has been a success story for cybercriminalsRansomware has been a success story for cybercriminals, wreaking havoc in an unprecedented wave of cybercrime.

From nation-state threat actors to scrappy freelancers working on the dark web, ransomware is everywhere and it’s the most damaging risk that many businesses face. These 10 ransomware facts tell the tale of how ransomware has grown and evolved to become the cybercrime juggernaut it is today.

After looking at all of the facts, it’s clear that every organisation must be on guard against ransomware – and our prescription for protecting your systems and data is fast, easy and affordable for everyone.

  • 61% of organisations worldwide experienced a damaging ransomware incident in 2020.
  • Ransomware demands are up by more than 40% already in 2021.
  • 85% of ransomware attacks target Windows systems.
  • IT teams are facing a 64% year-over-year increase in ransomware threat volume.
  • Two in five SMBs were impacted by ransomware in 2020.
  • The average ransomware payment in the third quarter of 2020 was $233,817,
  • The average ransom demand has increased by about 40%% over 2020.
  • Ransomware accounted for 41% of cyber insurance claims filed in 2020.
  • More than 80 % of reported security incidents are phishing related.
  • Hackers attack every 39 seconds or an average of 2,244 times a day

 

Organisations located in Asia (33%) and North America (30%) and Europe (27%) were the hardest hit by ransomware attacks in 2020 and carry the most risk in 2021. While every industry is at risk for dangerous ransomware attacks, some have a little more exposure to ransomware risk than others.

Recent Breaches

 

Australia – TPG Telecom

Exploit: Hacking

Risk to Small Business: Extreme:  TPG Telecom has announced that it had the data of two unnamed large customers improperly accessed on its legacy TrustedCloud hosting service. It added it did not believe any other customers were impacted by the breach. The service was part of a 2011 acquisition by the telecom and is set to be decommissioned in August 2021. An investigation is underway and authorities have been informed.

Risk to Exploited Individuals: No sensitive personal or financial information was announced as compromised in this incident, but the investigation is ongoing.

Customers Impacted:  Unknown

United States – Bose – Audio Equipment Maker

Exploit: Ransomware

Risk to Small Business: Moderate: Audio manufacturing titan Bose disclosed a data breach following a ransomware attack that hit the company’s systems in early March. In a regulatory filing, the company explained that a small amount of employee data had been potentially exposed as had several unnamed spreadsheets. No customer or other proprietary data was reported as compromised but the investigation is still ongoing.

Risk to Exploited Individuals: Moderate:  According to the company, a very small amount of employee personally identifying data and payroll data was compromised. Current and former employees should be alert to spear phishing and identity theft.

Customers Impacted:  Unknown

Protect your data and systems by implementing a solid cybersecurity plan today. Talk to a TCT team member today and we can show you how.

Robert Brown
4/6/2021

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