Kaseya, REvil, Widespread ransomware attack

“It is absolutely the biggest non-nation-state supply-chain cyberattack that we’ve ever seen,” Allan Liska, a researcher with the cybersecurity firm Recorded Future, said Friday.

Source: Washington Post

According to the Washington Post article linked below under "Source", "A sprawling ransomware attack that hit hours before the beginning of the July Fourth holiday weekend has already affected hundreds of businesses and is likely to hit many more, researchers said.

On Saturday morning, the information technology company Kaseya confirmed that it had suffered a “sophisticated cyberattack” on its VSA software — a set of tools used by IT departments to manage and monitor computers remotely. The company said that only about 40 customers had been affected."

What does this mean for BroCoTec customers? You can breathe a sense of relief. We do not use Kaseya we use ConnectWise. Which means this attack is not something BroCoTec customers have to be concerned about. However, cyber security is something that every business and organization need to take seriously.

According to ParachuteTechs:

  • Cybercrime costs the global economy about 1 trillion — 50% more than that predicted in 2018. Also, it is more than 1% of the global GDP.

  • The average cost of a data breach in 2020 was a whopping $3.86 million.

  • A data breach compromising 1-10 million records cost $50 million on average, whereas one compromising 50 million records can cost as much as $392 million.

You might be asking, "I'm a small business how do these big numbers and issues apply to me?". First thing is to start simple. It's not so much as the question being "Will it happen?" it's "When will it happen?". You lock your business doors why? To protect your physical assets, but did you know you have digital assets too?

What are digital assets?

Digital assets could be a number of things such as:

  • IP (Intellectual Property)

  • HR documents (personal information, social security numbers, etc.)

  • Photos

  • Videos

  • Slide decks (such as PowerPoint presentations)

  • Excel spreadsheets

  • Word documents

  • Plain-text files (such as Notepad files)

Source: merlinone

Just like you lock your physical doors when you leave your business you should focus on locking your digital doors to your business. To get a quote on how BroCoTec can help you today click the button below.

Source: Washington Post



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