Security Breach Update
26 April 2019

SonicWall NextGen FirewallsRansomware attacks are one of the scariest and most reported cybersecurity threats, and a recent report found that most victims are now prepared to pay the ransom.

The Telstra’s 2019 Security Report surveyed 320 Australian businesses, more than half of which paid ransomware attackers to retrieve their data. Interestingly, only 77% of those companies successfully recovered their information after paying the ransom.

In some ways, this is a good thing. Nobody wants to lose their data to hackers. However, it also incentivizes bad actors, making it possible for them to continue victimizing more people. Having a plan to combat and address ransomware is quickly becoming a critical component of any cybersecurity strategy, and it’s one that demands more than just a cache of Bitcoin for a rainy day.

Recent Breaches

Australia – iStaySafe Pty. Ltd – Australia-based organization committed to proliferating child safety best practices across multiple domains.

Exploit: Insecure Direct Object Reference (IDOR) attack

Risk to Small Business: Severe: A penetration testing company found a flaw in the company’s TicTocTrack smartwatch – a wearable GPS watch that allows parents to track their child’s location. The flaw enabled unauthorized third-parties to access a child’s location, spoof their location, or even communicate directly with a child through the device. The company’s ethos is predicated on the priority of child safety, something that makes this event uniquely troubling and challenging.

Risk to Exploited Individuals: Severe: Currently, the company is incredulous about the viability of the risk, but, when it comes to the security of a child, those assurances aren’t particularly inspiring. Since it’s unclear what, if any, steps the company is taking to mitigate these risks, users should be extremely cautious when using this product.

Customers Impacted: Unknown.

United States – The Weather Channel

Exploit: Ransomware attack

Risk to Small Business: Severe:  The Weather Channel’s daily morning show AMHQ was unable to air at its regular time because of a ransomware attack that temporarily incapacitated the network. The downtime lasted for more than 90 minutes, and viewers saw pre-recorded footage during this time.

Risk to Exploited Individuals: Moderate: It is not currently believed that any personal information was revealed in the ransomware attack.

Customers Impacted:  Unknown.

Being proactive in developing a cybersecurity plan can be the difference in successfully defending a breach or losing millions to a harmful attack. Protect your data, privacy and reputation, talk to a TCT sales team member today.

Robert Brown
26/04/2019

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