Ransomware attacks are more prevalent than you think

Jessica Davis writes on HealthITSecurity, 71% of Ransomware Attached Targeted Small Businesses in 2018. This impactful article starts off by quoting a report from Beazley Breach Response Services where “about 70% of small businesses are targets of ransomware attacks”. This is 7 out of every 10 small businesses.

When I read the article, it stated that “Beazley researchers analyzed 3,300 ransomware attacks against their clients last year and found the highest ransom demand was $8.5 million. The highest demand paid by one of their clients was $935,000”. I thought to myself, how can a small business afford to pay that type of ransom and not go out of business?

But wait, it gets even better. Hackers are not just trying to attack your small business, even though you are easy prey for a few thousand dollars here and there. A little is nice but they are getting greedy.

The war against ransomware is not just targeting small businesses, oh no. Hackers are now targeting medical, educational and governmental organizations. Trust me, they will get your information somehow if you are not protected. The ransomware map below shows the latest attacks at the time we wrote this post. Click the ransomware link for the interactive map.

Just this year here in Arizona, 4 of our own medical, educational and government organizations have been attacked.

On August 5, 2019, the first day of school, Camp Verde Unified School District was hit. Read more about it here.

In March of this year, Maffi Clinics in Paradise Valley, AZ was hit. However, they were able to recover in about 5 hours because they had a solid incident recovery plan. https://securityboulevard.com/2019/03/clinic-hit-by-ransomware-recovers-in-hours-thanks-to-solid-incident-response-plan/

In May, the Pinal County Attorney’s Office in Florence, AZ was hit with a virus, known as CryptoLocker, which infects and encrypts files until a ransom is paid to unlock them. Although, we don’t know the amount of money the county paid we are sure they paid something. Read more about this attack here.

In Tucson, the Superior Court was attacked this past February. In the article, it states that no data was lost due to the response of the country’s technical team.

On August 28, 2019, Maggie Miller published this story in The Hill. The report discusses how in 2019, THE YEAR ISN’T 3/4 OVER YET, ransomware attacks are targeting state and local governments. A report published by Barracuda Networks, “counted a total of 55 ransomware attacks on U.S. state and local government entities between January and July of 2019. These attacks involve a malicious actor or group encrypting a network and asking for money, often in the form of bitcoin, to allow the user access”.

While these attacks may not affect you yet it’s only a matter of time until you will fall victim to some type of cyber-attack. What are you doing to protect your personal information, company information, and your employees? If you are not set up with a plan, you need one soon because they are coming for you.

At Spectrum Technology Solutions, our cyber-security certified engineers will test your network for weaknesses and devise a comprehensive, defense for your business to survive even the harshest attack. Contact Spectrum Technology Solutions today for a cyber-security analysis of your current set up. We will keep you protected!

Give us a call: 602-222-3500


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