Quick Intelligence Blog

When it comes to running your business, you know that you need to be prepared. Just like we all know what to do in the event of a fire because we practice our escape plan, it is important for your business to plan and prepare for a ransomware attack.

The Calgary Herald has reported that the Calgary Police Service, along with the RCMP, have helped arrest members of international cyber crime family Sodinokibi. Police agency Europol says that the Sodinokibi family was responsible for 7,000 internet infections worldwide, 600 of them in Canada.

A survey by data management company, Cohesity, found that 40% of American consumers don’t want businesses to pay ransomware demands to cyber criminals. The study elicited responses from more than 1,000 U.S. consumers ages 18 and older. Moreover, 23% of those surveyed said they'd stop doing business with a company that paid a ransom. Further 48% would consider not doing business with a company that paid a ransom.

Malware is loosely defined as software that, when installed on your pc, laptop, mobile device or server, does things that you really don’t want it to do. It could delete files, change your browser path, or create what’s known as a C&C (Command & Control) connection to an external server, allowing a hacker to connect directly into your PC without you knowing. It can run silently and hidden in the background, stealing your banking credentials when you log into the bank.

Computer viruses are bits of computer code that are designed to perform a specific purpose and are usually designed to propagate from one computer to another on a network. Just like viruses in the human body, a virus on a computer or network can make that computer “sick” meaning it doesn’t function the way it’s supposed to.

A new survey by the Canadian Internet Registration Authority (CIRA) says that nearly 70 per cent of Canadian organizations facing a ransomware attack last year paid the demands to avoid downtime, reputational damage and other costs. The interesting thing is that when they asked cyber security professionals if they supported legislation to make ransomware payments illegal, 64% said yes.

Whether you run a small business or a large business, you know that a ransomware attack can be devastating. Did you know that these 3 common misconceptions could give you a false sense of cyber security? Listed below are 3 of these misconceptions and what you can do to address them, and in turn, be more cyber secure.

You’ve seen some of the headlines regarding big cyber security breaches. Colonial Pipeline paid a huge ransom to get their data back and get the gas flowing again. JBS Meat also suffered an attack that shut down production for days.

One of the biggest stories of 2021 has been the big increase in ransomware attacks. While not a new phenomenon, it seems that attacks are happening more frequently, with Barracuda researchers on reporting that they’ve identified and analyzed 121 ransomware incidents so far in 2021, a 64 percent increase in attacks. The ransom demands also keep getting bigger, with Palo Alto Networks’ Unit 42 reporting an 82% increase in the amount of the average ransom.

Most business owners know they need to be protected from outside threats, but did you know you’re your employees could also be a threat? So how are your employees a risk? Is there anything you can do to mitigate that risk?