Data breaches and ransomware attacks aren’t just still occurring. They’re also becoming more frequent. According to ZDNet, the number of ransomware attacks detected and blocked by one security firm grew 715% year-over-year in 2020 alone. Another security company calculated the total number of ransomware attacks for the year to be around 65,000, wrote NPR. That’s about seven ransomware incidents every hour.
Ransomware. Nearly every day, we learn about another major attack on companies such as JBS, Kaseya, and Quanta, a key supplier to Apple. Along with the increase in attacks, recent reports have shown the average ransomware recovery cost skyrocketed to $1.85 million this year. And, as companies have become more willing to accept attackers’ ransom demands to restore their mission-critical operations, the average ransomware payment has jumped to more than $170,000.
I’m a security analyst at Orange Business Services in Paris, and one of my current projects for the Orange Group is implementing a new SIEM based on the Elastic Stack. In this blog post, I’ll share why we chose Elastic and how we were able to integrate Elastic into our existing SIEM, resulting in faster investigations and saving our engineers’ time. So follow along.
It’s no secret that Covid-19 has accelerated the number of cyber-attacks and data breaches witnessed across the globe. Increased reliance on technology as the world worked, shopped and socialised from home increased the surface area for attackers, who capitalised on a growing amount of PII (personally identifiable information) available across the internet.
Multi-factor authentication (MFA) is an increasingly popular method for securing user accounts that requires users to provide two or more pieces of identifying information when logging into an application. This information can consist of unique verification links or codes sent to the user’s phone or email address, as well as time-based one-time passwords (TOTPs) generated by authenticator applications or hardware.
The connected nature of business environments has increased the severity and frequency of cyberattacks in the insurance sector. Insurance companies face a greater threat than most industries because they deal with sensitive and valuable data stemming from numerous avenues. This has resulted in several high-profile cyberattacks on insurance providers over the past few years.
