Tag Archives: business

Ransomware is now big business on the dark web and malware developers are cashing in

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A criminal selling ransomware on the dark web can reportedly make over $100,000 a year.


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The total value of ransomware sales on dark web market places has rocketed from $250,000 to over $6m in just a year as demand for the file-encrypting malware grows.

Ransomware has hardly been

Read more at: http://www.zdnet.com/article/ransomware-is-now-big-business-on-the-dark-web-and-malware-developers-are-cashing-in/

Ransomware is now big business on the dark web and malware …

The total value of ransomware sales on dark web market places has rocketed from $250,000 to over $6m in just a year as demand for the file-encrypting malware grows.

Ransomware has hardly been away from the public eye this year, Read more at: http://www.zdnet.com/article/ransomware-is-now-big-business-on-the-dark-web-and-malware-developers-are-cashing-in/

THE READY BUSINESS PODCAST: The business opportunities to stopping cyber crime

On this week’s show, Brian Purcell discovers that, despite the threat of cyber crime, there are unique business opportunities that exist for Irish businesses to develop.

“Cyber crime should not be seen as a threat, but rather an opportunity for business growth and innovation,” says Csaba Kiss Kallo, Vodafone’s Head of Connectivity, Mobility and Security Portfolio after a new report found that cybersecurity has evolved beyond simple protection of the status quo and is being used by companies of all sizes to support and accelerate innovation and growth.

Read more at: http://www.independent.ie/podcasts/ready-business/the-ready-business-podcast-the-business-opportunities-to-stopping-cyber-crime-36213970.html

Protect Your Small Business From Cyber Attacks With These Free Tools

Cyber crime damages are predicted to cost the world $6 trillion annually by 2021, up from $3 trillion in 2015, according to a report from my company, Cybersecurity Ventures. Nearly half of all cyber attacks are committed against small businesses.

Related: 4 Vital Cybersecurity Measures Every Safety-Conscious Entrepreneur Needs to Take

Considering the statistics, it’s not a question of if a small business will be hacked, but when. Small businesses don’t have big budgets for cybersecurity, but there’s a myriad of free tools they can use to protect themselves against digital intruders.

Free email security protection

Email theft is one of the most popular cyber crimes, and it exposes small business login IDs and passwords to hackers.

The recent Equifax breach caused roughly 143 million U.S. consumers to have their email credentials and other information accessible to hackers. That equates to around 55 percent of Americans age 18 or

Read more at: https://www.entrepreneur.com/article/301193

Protect Your Small Business From Cyber Attacks With These Free …

Cyber crime damages are predicted to cost the world $6 trillion annually by 2021, up from $3 trillion in 2015, according to a report from my company, Cybersecurity Ventures. Nearly half of all cyber attacks are committed against small businesses.

Related: 4 Vital Cybersecurity Measures Every Safety-Conscious Entrepreneur Needs to Take

Considering the statistics, it’s not a question of if a small business will be hacked, but when. Small businesses don’t have big budgets for cybersecurity, but there’s a myriad of free tools they can use to protect themselves against digital intruders.

Free email security protection

Email theft is one of the most popular cyber crimes, and it exposes small business login IDs and passwords to hackers.

The recent Equifax breach caused roughly 143 million U.S. consumers to have their email credentials and other information accessible to hackers. That equates to around 55 percent of Americans age 18 or

Read more at: https://www.entrepreneur.com/article/301193

We need to talk about Ransomware – Computer Business Review

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Like bandits lurking in the shadows of the internet, cyber criminals are holding us to ransom. Are we equipped to pay the price, or take a gamble on the forfeit for non-compliance? Taking the latest Cerber Ransomware threat as an example, Charl van der Walt, Chief Security Strategy Officer at SecureData, explores how cybercriminals are turning their hands to new techniques to get their mitts on our data – and now money –

Read more at: http://www.cbronline.com/news/cybersecurity/business/need-talk-ransomware/

Hiscox hires spy chief to track cyber crime | City & Business …

Hiscox chief executive Steve Langan said: “There are few experts better-placed to advise on cyber risk than Mr Hannigan and we are hugely excited to have him on board.”

“The risks that cyber criminals pose, both to businesses and individuals in the UK, are significant and sophisticated,” Mr Hannigan warned, adding that insurers must “evolve their understanding and defence against cyber crime”.

“We know that industry is crying out for these skills in volume; not just a hand-picked elite needed to work at GCHQ to ensure national security, but an entire generation of skilled people to protect British industry,” said Marcus Scott, the group’s chief financial officer. 

Read more at: http://www.express.co.uk/finance/city/856981/Hiscox-cyber-insurance-GCHQ-Robert-Hannigan

Small business

Two months after this year’s WannaCry ransomware attack crippled the National Health Service, hit more than 100 countries, and infected 230,000 computers across the globe, the world’s oldest insurance giant, Lloyd’s of London, published an alarming 56-page report highlighting how damaging a serious cyber attack could be to the global economy.

The document warned that a major global breach might cost more than $120bn (£92bn) – an amount equal to cataclysmic natural disasters such as Katrina and Sandy, two of the most harmful hurricanes in recent memory. It also noted that the threat posed by worldwide attacks will be a significant risk to organisations and governments over the next decade and beyond.

So, it is imperative for business leaders to adopt a proactive approach to cyber security, or face the costly consequences. Urgent action is required, from the boardroom down, to change cultures and take company-wide positive steps to protect

Read more at: http://www.telegraph.co.uk/connect/small-business/tech/pc-world/proactive-cyber-security/