Closed blue circuit card connected to a CPU with a bright padlock symbol in the top.

Can You Imagine the Future of Ransomware?

Over the past 18 years at NetDiligence, we’ve often been asked about the future of ransomware. And the truth is that even after 18 years in this space, no one can fully predict what will happen.

Even when ransomware became more widespread during the 2000s, no one could have imagined the current magnitude of the threat of cybercrime. Ransomware incidents have skyrocketed in recent years, becoming the number one cause of loss within the cyber risk insurance industry.

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Cyber Security and Privacy Risks During the COVID-19 Pandemic

The COVID-19 outbreak has necessitated the creation of a mobile workforce practically overnight. Yet this sudden change raises cyber security and privacy issues that companies must now reckon with. The webinar “COVID-19 Emerging Issues: Managing Cyber Risks of a Remote Workforce and Global Privacy Concerns,” presented by NetDiligence and Arete Incident Response on March 24th, addressed this rapidly evolving reality.

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Hacking-theme concept image with 0s and 1s on a computer screen.

What Is a Ransomware Attack and How To Deal With It

Ransomware is a type of malware designed to block access to a computer system until a sum of money is paid. Typically, a ransomware attack starts with an innocent-looking email with an infected link or fake document attached. In fact, the average company received a whopping 90% of their detected malware through email, according to Verizon’s 2019 Data Breach Investigations Report (DBIR). Unfortunately, phishing emails are getting more clever every day. For example, you might get a message that looks like it’s from a known delivery company, asking you to click to get the status of a package.

A lot of people will click because we all come across emails like this on a daily basis. But if it’s ransomware, clicking will cause the malware to execute/install and then spread throughout the network, encrypting all your devices and data and blocking you out. Once your system is completely encrypted, a message will appear on your screen with the extortion demand. It might go something like this: “Your network is now owned by us. You are locked out. In order to regain access, you must pay a certain amount of bitcoin and here are the instructions to do it.” There are many variations of this message and many include an exact deadline.

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Deepfakes: A Rising Cyber Threat

Deepfakes: A Rising Cyber Threat
A Q&A with John Farley of Gallagher

One of the most dangerous cyberattacks emerging on the threat landscape is also among the most difficult to detect or prevent. Deepfake technology enables perpetrators to mimic the voices and images of real people and it has significant consequences for companies, individuals and the democratic process. John Farley, managing director of the cyber liability practice of Gallagher, gave us an update on this concerning development.

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