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Cyber Criminals- Holding Small Business Data Hostage For Money

Posted By Matt Maggiora, TeamLogicIT, Friday, April 15, 2016

Attend our Free April 27th Event on cyber security for small businesses and learn how to protect yourself.

Event Time- April 27th, 20016  from 11:30 to 1:00pm

Where: 2730 W. Augua Fria Freeway ( the café downstairs)

Who Should Attend: Businesses with 6 or more employees

Contact: Matt Maggiora at 480-436-7747 or email him at mmaggiora@teamlogicit.com

 

Criminals are targeting small businesses 

Extortionists have again stepped up their global assaults, this time unleashing an especially elusive and destructive bug called Locky. It didn’t take long for February’s large-scale attack to claim victims, including medical facilities in California and Kentucky.

Seasoned IT pros will recognize Locky’s malicious attack-mode, which mimics the poisoned document macro-attack of Dridex, a notorious bank-industry Trojan.

In Dridex fashion, a Locky-laced document arrives in the inbox as an invoice or other “urgent” correspondence. If users click, and macros (usually disabled by default) are turned on, Locky quickly spreads to all connected drives. A single infected text-document can hijack your entire system, paralyzing operations until a ransom is paid.

Locky also does something that makes its smarter and scarier than other programs.

“It gathers detailed statistics about each victim, which is highly unusual for ransomware,” reports security company Kaspersky. Crooks apparently use this information to determine the value of encrypted files so they can set the ransom amount for maximum profit.

Interestingly, the California and Kentucky hospitals reportedly paid less than $2,000 each to liberate ransomed data, perhaps signaling something of a “volume” strategy. Instead of demanding large amounts from just a few victims, attackers could have been going for smaller payments from more companies. Even if only a quarter of those extorted paid up, at two-grand each, the crooks’ take would still be a cool two-hundred-mil. That’s a lot of Bitcoin in anybody’s book.

Keeping Locky Outside

Regardless of their MO, Locky and thousands of its ugly cousins are clearly getting smarter and more destructive since we began reporting on the ransomware plague, which means that businesses should also be getting smarter in response.

Security experts, such as TeamLogicIT Managed Services providers, recommend that any organization that relies heavily on data–especially those in the healthcare, financial, legal, education and professional-service sectors–be more vigilant and proactive in two key areas: regular complete, system backups, and ongoing email-security training. These two precautions, (plus these others), can significantly reduce your risk of infection, and keep Locky and its cohorts outside your networks, where they belong.

Does your team need a hand updating company security policies, practices or cybercrime training curriculum?  Come to the free event and learn. Contact Team Logic IT today

Tags:  broadcasting  estate planning  events  hackers  small business  tech 

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A Conversation about Facebook New LIVE VIDEO feature

Posted By Gabriel Salcido, Arizona Small Business Association, Wednesday, April 6, 2016

Conversation on the new Facebook live video update and options. Featuring:

Brian Fanzo

Vincenzo Landino

Tags:  broadcasting  facebook  live streaming  live video  periscope 

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