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Ransomware realities in 2023: one employee mistake can cost a company millions

Security Affairs

What is the impact of ransomware on organizations? Studies show that human error is the root cause of more than 80% of all cyber breaches, whether malicious or unintended. Why should employers educate employees about cyber security? One employee’s mistake can cost a company millions of dollars.

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Spotlight: When Ransomware Comes Calling

The Security Ledger

With the attention given to the threats posed by ransomware, why do organizations still fall victim to these attacks? Max Henderson, the Manager of Incident Response at Pondurance joins us to talk about what companies get wrong in responding to ransomware and other threats. So what should companies worried about ransomware do?

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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. The ransom demand was $3.6

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Companies Get Better at Fighting Ransomware Despite Escalating Threats

eSecurity Planet

In a year in which ransomware attacks seem to get worse by the day, companies have made surprising progress defending themselves against attacks. Ransomware protection spending (source: Cymulate). Where the greatest optimism comes in is in what tends to happen when a company is hit with ransomware, according to the report.

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News alert: AppDirect poll reveals company leaders losing sleep over cyber risks, compliance

The Last Watchdog

The study, conducted by independent research firm Propeller Insights, dives into how IT business leaders feel about their security posture in a world where the technologies they embrace to grow and thrive are also vulnerable to constant and increasing threats. San Francisco, Calif., Human error is among the top causes of security breaches.

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BEST PRACTICES: Mock attacks help local agencies, schools prepare for targeted cyber scams

The Last Watchdog

Related : How ransomware became a scourge Ransomware attacks and email fraud have spiked to record levels across the U.S. They also studied the employees who handled the transactions. The trigger for ransomware and APT hacks is to get a targeted employee to click on a corrupted email attachment or poisoned web link.

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Payroll Provider Gives Extortionists a Payday

Krebs on Security

Payroll software provider Apex Human Capital Management suffered a ransomware attack this week that severed payroll management services for hundreds of the company’s customers for nearly three days. The company declined to specify how much was paid or what strain of ransomware was responsible for the attack. Roswell, Ga.