Global Cyber Security Advisory Group’s Post

We have extensive experience in helping #communitybanks, #creditunions and others improve their #cybersecurity posture and become able to confidently recover from #ransomware attacks. Check out this solid article from the Arctic Wolf team: Why Credit Unions Need to Improve Their Cybersecurity https://lnkd.in/gNPFHTVw #CIO #bankingtrends #bankingtransformation

A recent report by Kiteworks reveals that 75% of US companies are prone to cyberattacks, with projected total revenue losses of $452 billion this year. Business email compromise (BEC) is the most financially damaging attack, causing over $1 billion in losses since 2020. Colorado, New York, Nevada, and Missouri are the states most at risk, with Colorado experiencing a 58.7% increase in victim losses since 2017. Investing in advanced security technologies and adopting a zero-trust approach can enhance company resilience against cyber threats. For more details, read the full article here: https://bit.ly/3xURtso #CyberSecurity #BusinessRisk #DataProtection #Insurance

Think your small business is safe from cyberattacks? Think again. According to a survey published by Devolutions, 69% of SMBs queried were victims of attacks in 2023, despite 80% feeling "well-protected" by their IT investments.  Read more to learn how you can protect your business and reduce security risks.

🖋 A great article by the Financial Times that came out today about the impact of Cyber Crime and potential risk management tools to mitigate loss - https://lnkd.in/ezkAAHDG 💲 With the cost estimated to be $9.5 TRILLION in 2024 and most companies looking to invest in their cyber security, one of the best way to protect your company is with a quality Cyber Insurance policy. 💪 With a number of markets now offering more proactive cover, with services such as monitoring your potential vulnerabilities alongside action on the dark web, it is a great time to review your cover. ❗ As a specialist team in the Cyber sector, the Jensten Insurance Brokers TMC team are at hand to assist with any enquiries. #CyberInsurance #CyberSecurity #CyberRiskManagement

Staggering to see that nearly 50% of Nashville businesses have faced cyberattacks! As a business banker at Bank of Tennessee, I know how crucial cybersecurity is. We're here to help businesses protect their assets and data with top-notch security measures and advice. Let's work together to keep our business community safe and strong! #Cybersecurity #BusinessBanking #Banking #SmallBusiness #NashvilleBusiness #DataProtection #CyberSafety #CommunityBanking #BankingSolutions #SecureBusiness

Some good info on why you need to carry an actual cyber risk policy and not a throw in for named malware.

Companies must rethink how they handle cyber risk- As threats morph, the cultural objections to working with the government need to change too - https://lnkd.in/gW7F2RgJ #cyberrisk

We're introducing a weekly blog post featuring our thoughts on an article about a unique story, situation, or insight relevant to the IT world. Our first article takes the impact of data breaches to an entirely new level. Five Guys had a class action suit brought against them by their employees. Read about it and our thoughts on the subject here: https://lnkd.in/e4GuwFdB #ITsecurity #Cybersecurity #ITservices #MSSP

A recent report highlighted by Financial Post underscores the increasing sophistication of cybercriminals, who are employing emerging strategies to profit or disrupt operations. The article delves into the evolving tactics adopted by cybercriminals, ranging from ransomware attacks to data breaches, showcasing the heightened threat landscape faced by businesses and individuals. As cybercriminals continue to refine their methods, organizations are urged to bolster their cybersecurity defenses and remain vigilant against evolving threats. The report serves as a stark reminder of the critical importance of robust cybersecurity measures in safeguarding against malicious activities in the digital realm. https://lnkd.in/gdu5fqDG #Cybercriminals #CybersecurityThreats #EmergingStrategies #FinancialPost #DataBreaches #RansomwareAttacks #CybersecurityDefense #CybersecurityAwareness #DigitalSecurity #TechNews #UnderstandingEnterpriseTech #EnterpriseTechnologyNow #EnterpriseTechnologyToday

The Cost of Complacency: How a Single Breach Exposed Nearly a Million Records Earlier this year, Young Consulting, a software vendor now known as Connexure, faced a devastating ransomware attack by the Blacksmith group. This breach compromised the sensitive information of nearly a million individuals, including Social Security numbers, insurance claim details, and more. The attack was discovered three days after it occurred, and by then, the damage was already done. The consequences were severe: Blacksmith not only encrypted the company's systems but also leaked stolen data on the dark web, exposing affected individuals to a range of risks, from identity theft to financial fraud. What’s more alarming is that the ransomware group claims to have leaked far more data than what the company initially disclosed. Could This Have Been Prevented? Many organizations are caught off guard by cyber threats they never saw coming. However, this doesn’t have to be the case. At OmegaBlack, we specialize in threat intelligence, dark web reconnaissance, and vulnerability scanning—tools that are crucial in identifying and mitigating risks before they escalate into a full-blown crisis. If Young Consulting had implemented a proactive approach to cybersecurity, they might have detected the initial intrusion before it led to the encryption of their systems and the subsequent data leak. By continuously monitoring the dark web, we can identify if your data has been compromised and take immediate action to prevent further damage. Don’t Wait for the Next Attack Cyber threats are relentless, and the cost of complacency is far too high. Protect your business, your data, and your reputation with OmegaBlack. We ensure that you’re not just reacting when an attack happens—you’re prepared. OmegaBlack to provides the thorough protection your operation's demand - learn how here: https://lnkd.in/euW4xB2h Content Credit: Bleeping Computer #CyberSecurity #CyberThreats #DataProtection