Tag: data loss

Cybercriminals Were Paid Nearly a Million Dollars After Ransomware Attack on Canadian Insurance Company

Cybercriminals Were Paid Nearly a Million Dollars After Ransomware Attack on Canadian Insurance Company

Information Security
Cybercriminals Were Paid Nearly a Million Dollars After Ransomware Attack on Canadian Insurance Company A recently published decision by the High Court of Business and Property, a division of the High Court of England and Wales, revealed that the attacker or attackers behind the ransomware attack on a Canadian insurance company were paid nearly a million U.S. dollars. The ransomware attack at a Canadian insurance company and the issuing ransom payment, which were hidden from the public, only surfaced after the insurer of the Canadian insurance company, an insurance company based in the UK, filed a case in court to recover the ransom paid to the attackers. Ransomware is a type of malicious software (malware) that encrypts victims’ computers or data, locking out legitimate users from accessing these computers or…
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Why Data Backup Matters

Why Data Backup Matters

Data Backup
Why Data Backup Matters Loss of your company’s sensitive and important data is no longer a question of if, but when. Data loss in the corporate setting is bound to happen sooner or later. As such, it is important to backup your corporate files. What is Data Backup? A data backup is the copying of sensitive and important data for the purpose of being able to restore them in case of data loss. By having several copies of your organization’s valuable data, it does not matter if one is destroyed as you can easily get another copy. Data Loss Causes Your organization’s valuable data is susceptible to potential loss through the following: 1. Hardware Failure Hardware failure is bound to happen. Computers have a lifespan. They cannot be used forever.…
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Tag: data loss

Cybercriminals Were Paid Nearly a Million Dollars After Ransomware Attack on Canadian Insurance Company

Cybercriminals Were Paid Nearly a Million Dollars After Ransomware Attack on Canadian Insurance Company

Information Security
Cybercriminals Were Paid Nearly a Million Dollars After Ransomware Attack on Canadian Insurance Company A recently published decision by the High Court of Business and Property, a division of the High Court of England and Wales, revealed that the attacker or attackers behind the ransomware attack on a Canadian insurance company were paid nearly a million U.S. dollars. The ransomware attack at a Canadian insurance company and the issuing ransom payment, which were hidden from the public, only surfaced after the insurer of the Canadian insurance company, an insurance company based in the UK, filed a case in court to recover the ransom paid to the attackers. Ransomware is a type of malicious software (malware) that encrypts victims’ computers or data, locking out legitimate users from accessing these computers or…
Read More
Why Data Backup Matters

Why Data Backup Matters

Data Backup
Why Data Backup Matters Loss of your company’s sensitive and important data is no longer a question of if, but when. Data loss in the corporate setting is bound to happen sooner or later. As such, it is important to backup your corporate files. What is Data Backup? A data backup is the copying of sensitive and important data for the purpose of being able to restore them in case of data loss. By having several copies of your organization’s valuable data, it does not matter if one is destroyed as you can easily get another copy. Data Loss Causes Your organization’s valuable data is susceptible to potential loss through the following: 1. Hardware Failure Hardware failure is bound to happen. Computers have a lifespan. They cannot be used forever.…
Read More