Cybersecurity & Risk Ransomware Attacks on the Rise: Why Businesses Are Paying the Ransom May 9, 2023 by Vertical Axion A small retail business was hit by a ransomware attack. Cybercriminals encrypted their critical data and demanded a ransom of $50,000 for decryption. Despite having a backup system, the company decided to pay the ransom due to the lack of knowledge about the time required for restoration and the cybercriminals’ promise of faster decryption. This […] Read more » Ransomware
Cybersecurity & Risk Reduce the Risk of Business Email Compromise Attacks March 23, 2023 by Vertical Axion Email threats have been around since the early 90s. But phishing techniques are much more sophisticated now than they were back then. One of the most successful and lucrative tactics is business email compromise (BEC). BEC scams have stolen over $43 billion from businesses worldwide between July 2019 and December 2021. Threat actors are making […] Read more » Phishing Ransomware
Cybersecurity & Risk How to Protect Your Organization From Callback Phishing March 17, 2023 by Vertical Axion Callback phishing scams are one of the worst cyberattacks you can encounter. It is devastating to experience on a personal level. But it is even more disastrous if it happens to your organization. To help you, here is a guide covering how callback phishing works and the steps you should take to address it. How […] Read more » Phishing
