Tag: Startup
Ransomware gangs target law and accountancy firms
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.