Barings Law’s Post

Data breaches and cyberattacks are a constant threat. When hackers attempt to break into your secured files, it is not just a matter of personal or organisational security, but also a potential breach of trust and privacy. The consequences can be severe, leading to financial losses, reputational damage, and legal ramifications. Therefore, it is crucial to understand the methods employed by hackers and take proactive measures to protect our valuable data. #CyberSecurityMatters #DataProtection #PrivacyBreach #HackersAtWork #SecureYourFiles #FinancialLosses #ReputationalDamage #LegalRamifications #ProactiveMeasures #ValuableDataProtection #techRAM #techRAM_Australia

The US, UK, and other international agencies have joined forces to do their part in stopping #LockBit, but Trustwave VP of Consulting and Professional Services, Ed Williams, that unfortunately the efforts won't be enough to thwart the threat entirely. 👨💻👾 Other major threat groups will likely pick up the slack or #LockBit itself may be reborn. As long as organizations continue to to ignore basic #cyberhygiene, these #ransomware ploys will continue to succeed. 🔓 Dig into Ed's insights on LockBit 3.0 and the overall ransomware threat: https://hubs.ly/Q02lRC5G0

📣Security breaches are no joke and they are happening more frequently than ever. Lately, we have mostly heard about breaches in healthcare data, but they happen everywhere. Including our financial institutions 💰, creating binding situations for many Americans. 🔒 Don't let your institution fall prey to a breach. Head over to our site and check out the new blog 👩💻: Why Security is Vital in the Future Success of Credit Unions. #CyberSecurity #CreditUnions #FamilyBanking #CommunityBanking

#CyberAdvice: What can you do if you become a victim of Social Engineering? If you might have revealed sensitive information about your organization, report it to the appropriate people within the organization, including network administrators. If you believe your financial accounts may be compromised, contact your financial institution immediately. Immediately change any passwords you might have revealed. Watch for other signs of identity theft. Consider reporting the attack to the police and file a report with the Federal Trade Commission. #Cybersecurity #SocialEngineering #CyberThreats

🚨 Attention state court clerks! 🚨 As we navigate the digital landscape of 2024, it's crucial to prioritize cybersecurity. With the increasing threat of cyber breaches, it's time to ensure our defenses are fortified. Consider investing in cyber breach response insurance to protect sensitive court data and uphold public trust. Let's stay proactive in safeguarding our systems and maintaining the integrity of our judicial processes. #CyberSecurity #CourtProtection #StaySafe

It's been 7 days. LockBit has relaunched their leak site after being taken down. They're back... or are they? To be fair, global law enforcement never said they shut down LockBit for good. They mentioned that their work to disrupt the group would still continue, even after the initial takedown last week. And indeed, LockBit's leader revealed in a note that their backup systems were still operational and uncompromised. Now, their site where they leak personal information from their victims is back up and running. The first takedown isn't usually a death blow for most ransomware groups, although it still hits hard. It's like a game of cat and mouse. 𝗟𝗮𝘄 𝗲𝗻𝗳𝗼𝗿𝗰𝗲𝗺𝗲𝗻𝘁 𝘀𝘁𝗶𝗹𝗹 𝘄𝗮𝗹𝗸𝗲𝗱 𝗮𝘄𝗮𝘆 𝘄𝗶𝘁𝗵 𝘀𝗼𝗺𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗟𝗼𝗰𝗸𝗕𝗶𝘁'𝘀 𝗮𝗳𝗳𝗶𝗹𝗶𝗮𝘁𝗲𝘀, 𝗮𝗻𝗱 𝗱𝗶𝘀𝘁𝗿𝘂𝘀𝘁 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗮𝗶𝗿 𝗳𝗼𝗿 𝘁𝗵𝗲𝗺 𝗴𝗼𝗶𝗻𝗴 𝗳𝗼𝗿𝘄𝗮𝗿𝗱: 🔹 How does LockBit know its affiliates are actually themselves and not law enforcement? 🔹 How do LockBit's affiliates know that it hasn't turned into an informant? It'll take a lot to put an end to the LockBit ransomware operation, and global police agencies knew that. This is only the beginning. #cybersecurity #ransomware #hackernews #ransomwareawareness #cybersecuritynews

Older adults are increasingly targeted by online and phone scams, leading to devastating financial losses. In 2023 alone, seniors in the U.S. lost over $3 billion to fraud, according to the FBI. In our latest blog, we discuss the rising threat of scams, how they impact our senior community members, and actionable steps that can be taken to protect their wealth and well-being. Read more about how to safeguard your loved ones from these predatory tactics. 🛡️ https://lnkd.in/gE5fKsNF #ElderProtection #FinancialSecurity #ScamAwareness #CyberSecurity #CommunitySupport #WealthManagement #ElderCare #FinancialLiteracy #PhishingScams #CryptoScams

Is Your Law Firm One Email Away From a Disaster? Over 91% of data breaches begin with a phishing email. Legal firms are prime targets due to the sensitive data they handle. One click on a malicious link can lead to a data breach, lawsuits, and reputational damage. DittoCast® stops all malicious emails before they reach your inbox, eliminating the risk. Learn more today! "U.S. law firm Orrick, Herrington & Sutcliffe is facing a new class action lawsuit over a March 2023 data breach that allegedly compromised the personal information of more than 152,000 people." Reuters, August 2023 https://lnkd.in/edFRYpgh Get a free consultation with a DittoCast® security specialist today!  https://lnkd.in/etdgRdiE #legaltech #cybersecurity #databreach

As professionals and individuals, it's crucial to stay vigilant against email scams, which have soared by 111% since 2018, incurring losses over $2.7 billion in 2022 alone (FBI Internet Crimes Report). Scammers employ social engineering to misdirect funds during regular transactions, often masquerading as real estate agents, vendors, or even company executives. Key Defenses: 1. Always double-check account changes. 2. Be cautious of slightly altered email addresses. 3. Scrutinize urgent or confidential emails. You can strengthen your defenses against these sophisticated scams. Stay alert, verify meticulously, and safeguard your assets. Learn more here: tinyurl.com/596nr95u #CyberSecurity #FraudPrevention #EmailScams

Data Breach Alert: Hackers leak 2.9 billion records from National Public Data. Stolen data includes SSNs, addresses, and names. A class action lawsuit has been filed. Stay vigilant and monitor your accounts for suspicious activity. Is your organization prepared? Don't wait - strengthen your defenses now. Book a 15 minute consultation with us: https://lnkd.in/gV59dikh #DataBreachProtection #CybersecurityExperts #ProtectYourBusiness #FraudPrevention #PhishingAwareness #SecureYourData #CyberDefense #ITSecurity