In an exclusive interview with Cyber Intelligence, Brian Buiwe, Technology Specialist at Sage, explains how SMEs and other smaller organizations urgently need to re-address their approach to cybersecurity. There is a huge knowledge gap among C-suite executives of small-to-medium-sized enterprises (SMEs), as well as among other professionals such as senior doctors and lawyers, where cybersecurity is concerned. Many do not yet grasp the urgent need for cybersecurity. The mainstream media has actually done a very poor job of keeping them informed of the growing threat facing all sectors.
In what is bad news for law and accounting firms, the professional and technical services sector has now overtaken the manufacturing sector as the prime target for ransomware attacks of Q3 2024. According to cybersecurity company Nuspire: “These firms handle highly sensitive client data, such as financial records, legal documents, and business strategies, making them prime targets for ransomware operators.” Nuspire predicts that, with ransom demands averaging around $2.5 million a hit for law firms, ransomware operators will continue to target this sector as long as the potential rewards outweigh the effort. The situation is particularly dire for smaller practices, which may lack the resources to protect against today’s increasingly ruthless and sophisticated cyber-attacks.
Microsoft announced the launch of its new cybersecurity program to support hospitals in rural America from cyber attacks. Microsoft's new security suite and cyber training offering will provide nonprofit pricing and discounts to critical access hospitals and rural emergency hospitals.
The Department of Justice announced that the Russian national behind the malware tool Trickbot, used to launch ransomware attacks on American hospitals, pleaded guilty to his role in the malware tool's development. Trickbot was used to facilitate ransomware attacks on a string of American hospitals and health systems, disrupting care delivery and risking patient safety.
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