Quick Intelligence Blog

In general, resilience refers to the ability to bounce back quickly after adversity. Cyber resilience refers to being able to quickly recover from a cyber security challenge. In today’s cyber world, companies that are cyber resilient are the ones who will continue to thrive.

The ability for online banking has made our lives simpler. We can bank from the comfort of our homes, or anywhere in the world without having to go to a physical branch. Cryptocurrency has also brought investors a new revenue stream that keeps on growing. While all this is great, there is a risk involved when it comes to using financial information on the internet.

Compliance means: to conform by fulfilling requirements. In cybersecurity, compliance refers to fulfilling specific cybersecurity requirements, outlined by a governing body. In other words, government organizations, committees, and regulatory boards develop requirements (together called standards) outlining a baseline of cybersecurity protocols. For example, a requirement might be that organizations MUST have password restrictions in place, such as length, repetitiveness, and level of difficulty.

Many organizations feel that being prepared for a ransomware attack is futile. This couldn’t be further from the truth as told by BleepingComputer. Their article about the REvil ransomware attack on Kaseya VSA customers mentioned that many victims refused to pay the ransom. The reason: Backups!

The growth of ransomware continues, leaving many cybersecurity experts to wonder if there will ever be an end? The numbers for 2021 do not paint a good picture. Sophos says the average ransomware payment has increased to $812,260 compared with the 2020 average of $170,000. Worse still, the number of ransoms over $1 million has risen to 11% up from 4% in 2020.

One of the biggest stories in cybersecurity has been the big increase in ransomware attacks. Even though ransomware is not a new threat, it seems that attacks are happening more frequently. Barracuda researchers reported that they’ve identified and analyzed 121 ransomware incidents so far in 2021, which is a 64% increase in attacks. The ransom demands are also getting bigger, with Palo Alto Networks’ Unit 42 finding the average ransomware payment had risen to $925,162.00 during the first 5 months of 2022. That is up 71% from 2021.

Cybersecurity experts often rave about zero trust security. If you haven’t heard, zero trust is a principle that assumes every user, device, and service connecting to a network is hostile until proven otherwise. Zero trust aims to protect data wherever it may reside while allowing only authorized users and entities to access relevant resources and assets.

Congratulations on your move to the cloud! The cloud has many strategic advantages for businesses. The cloud model became so important during the COVID-19 pandemic as employees needed to be able to work remotely. Those reasons are part of what makes the cloud so appealing, however, the cloud has also introduced a host of new cybersecurity threats and challenges.

Has this ever happened to you? Company X gets breached and you receive an email telling you that your password has been stolen and you need to change your password. If you’re wondering how much time you have to reset your password before your account is compromised, the answer, according to cybersecurity researchers at Agari, is not very long.

Businesses tend to think about insuring against typical things like theft, floods, and fire. Has your business ever considered insuring its data against theft? How about insuring your business against cyber attacks?