February 18, 2016
A large Los Angeles hospital chose to pay hackers who were holding its computer network hostage, a move its CEO said was in its best interest and the most efficient way to end the problem.
Hollywood Presbyterian Medical Center showed uncommon transparency in saying Wednesday that it paid the 40 bitcoins – or about $17,000 – demanded when it fell victim to what’s commonly called “ransomware.”
The hacking tactic is growing fast against both individuals and institutions, but it’s difficult to say exactly how fast, and even tougher to say how many pay up.
“Unfortunately, a lot of companies don’t tell anybody if they had fallen victim to ransomware and especially if they have paid the criminals,” said Adam Kujawa, Head of Malware Intelligence for Malwarebytes, a San Jose-based company that recently released anti-ransomware software. “I know from the experiences I hear about from various industry professionals that it’s a pretty common practice to just hand over the cash.”
September 1, 2015
I just read an interesting article from WindowsNetworking.com. Article reposted here.
Here is my executive summary:
1. EMC says the world is losing $1.7 Trillion per year in data loss
2. IT Web says the world will lose $2.1 Trillion by 2019
3. Small losses for small business are $18,000 to $550,000 per loss
4. Larger losses are $5 Million to $200 Million per loss
5. Lost enterprise data has increased 400% in the last 2 years
6. Moving to the cloud, mobile is increasing the losses.
7. More than just financial loss is legal and compliance losses.
8. Downtime has to be considered but so does “Slowdown” time.
9. Threats are from the outside but more predominately from the inside
10. Psuedo IT inside company’s that is not official IT is a large cause
Great article. From my perspective here is what you do about it:
1. CIO Magazine says “Start with the basics”: Regular Data Backups
2. I would add. Test the backups, have the backups tested. Did I say test the backups? Most companies “say” they do regular backups however, things change, things get stale. The orginal working backup quickly becomes non-functional or reliable in months without someone being assigned as part of their “income” role to check and modify as necessary.
3. Follow the 321Rule. Have more than one backup and have it in more than one location. You can NEVER have enough backups.