Friday, May 21, 2021

g-f(2)286 The big picture of the digital age (5/21/2021), HBR, Ransomware Attacks Are Spiking. Is Your Company Prepared?


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Lesson learned, HBR,
  • With the migration to remote work over the last year, cyberattacks have increased exponentially.

Alert, HBR,

    • We saw more attacks of every kind, but the headline for 2020 was ransom attacks, which were up 150% over the previous year. The amount paid by victims of these attacks increased more than 300% in 2020.

    Warning, HBR,
    • Already 2021 has seen a dramatic increase in this activity, with high-profile ransom attacks against critical infrastructure, private companies, and municipalities grabbing headlines on a daily basis. 

    Risk, HBR,
    • The amount of ransom demanded also has significantly increased this year, with some demands reaching tens of millions of dollars. And the attacks have become more sophisticated, with threat actors seizing sensitive company data and holding it hostage for payment.

    Lesson learned, HBR,
    • These are unprecedented times in the world of cybersecurity. 
    • With good preparation and cybersecurity hygiene, and a plan in place, your company will reduce risk and be better prepared to deal with the unthinkable.


    Genioux knowledge fact condensed as an image


    Condensed knowledge



        Category 2: The Big Picture of the Digital Age

        [genioux fact deduced or extracted from HBR]

        This is a “genioux fact fast solution.”

        Tag Multiple updates for those traveling at high speed on GKPath

        Tag Lessons learned to those traveling at high speed on GKPath

        Lesson learned, HBR,
        • With the migration to remote work over the last year, cyberattacks have increased exponentially.
        Lesson learned, HBR,
        • These are unprecedented times in the world of cybersecurity. 
        • With good preparation and cybersecurity hygiene, and a plan in place, your company will reduce risk and be better prepared to deal with the unthinkable.

        Alert, HBR,
          • We saw more attacks of every kind, but the headline for 2020 was ransom attacks, which were up 150% over the previous year. The amount paid by victims of these attacks increased more than 300% in 2020.

          Warning, HBR,
          • Already 2021 has seen a dramatic increase in this activity, with high-profile ransom attacks against critical infrastructure, private companies, and municipalities grabbing headlines on a daily basis. 
          Tag Risks those travelling at high speed on GKPath

          Risk, HBR,
          • The amount of ransom demanded also has significantly increased this year, with some demands reaching tens of millions of dollars. And the attacks have become more sophisticated, with threat actors seizing sensitive company data and holding it hostage for payment.

          Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

          Type of validity of the "genioux fact". 

          • Inherited from sources + Supported by the knowledge of one or more experts.


          Authors of the genioux fact

          Fernando Machuca


          References




          ABOUT THE AUTHORS


          Brenda R. Sharton is a litigation partner and the Global Co-Chair of Dechert LLP’s Privacy + Cybersecurity practice. A pioneer in the space, Ms. Sharton has handled hundreds of data breach investigations for cyberattacks of all types, as well as defended landmark privacy litigation and regulatory enforcement actions.  She is one of just 20 lawyers in the U.S. to be ranked as a “Leading Lawyer” in Cyber Law by Legal 500, and was named to Cyberdocket’s IncidentResponse40, the best breach response lawyers in the business.


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