CYBER INSIGHTS: Wednesday 28 August 2024 – Today’s SME Cybersecurity News & Intelligence

Helping keep European SMEs CYBERSafe!
Gibraltar: Wednesday 28 August 2024 at 07:00 CET

CYBER INSIGHTS: The Latest SME Cybersecurity News & Intelligence …
Written & Curated By Iain Fraser – Cybersecurity Journalist
via CYBERInsights
First for SME Cybersecurity News
Google Indexed on 280824 at 08:15 CET

Welcome to Today’s Edition of CYBERInsights – My Daily Roundup of the Latest European SME Cybersecurity News including: 1). The True Cost of Ransomware 2). Cyber Criminals investing in Scam Infrastructure 3). Ransomware Explained

#CyberInsights #SMECyberNews #Cybersecurity #SMECybersecurity #CyberCriminals #Scams #Ransomware

1). RANSOMWARE: TRENDS & THE TRUE COST TO VI – Ransomware attacks have become a pervasive and evolving threat in the Cybersecurity landscape, impacting organizations of all sizes across various sectors. Understanding the latest trends in Ransomware attacks is essential for organizations to bolster their defenses and protect themselves against potential threats as Cybercriminals continue to refine their tactics. Safety Detectives

2). CAVEAT EMPTOR: CYBERCRIME GROUPS INVESTING MILLION IS THEIR SCAM INFRASTRUCTURE – Cyber Criminals invested substantial sums to facilitate the next wave of Cyber Attacks. By using Domain Generation Algorithms (DGAs) they have simply automated mass domain creation, ensuring a continuous supply for their criminal activities. However, these domains must be registered to be usable. Cybercrime Group Revolver Rabbit is believed to have leverage RDG Algorithms to register over 500,000 domains, costing over €900k

3). WHAT IS RANSOMWARE & Is Your SME Vulnerable to Ransomware Attacks? – CyberKPI: Ransomware uses encryption to hold a victim’s information at a ransom, rendering it inaccessible until the attacker receives a payment. The malware used by the attackers now employ double-extortion and triple-extortion tactics. For instance, Cybercriminals not only encrypt the victim’s data but also steal it, threatening to leak it if the ransom is not paid.

ABOUT IAIN FRASER – I am a Gibraltar based, Accredited Journalist, (*NUJ, IFJ & ONA) Authority Writer, Commentator & Publisher of CYBERinsights and cover all aspects of Cybersecurity [Awareness, Threat Management, Best Practice Compliance & Mitigation] and report throughout Europe & the UK

LinkedIn Bio: IainFraserJournalist
Email: [email protected] | www.iainfraser.net

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