Stu Sjouwerman is the founder and CEO of KnowBe4 Inc., a security awareness training and simulated phishing platform. Read Stu Sjouwerman's full executive profile here.
rental companies in Europe fell victim to a fabricated cyberattack. Why would adversaries claim a mock attack? To understand the real intentions and motivations behind such attacks, it is important to understand how the cyber extortion business works and is evolving.of ransomware attacks involved the encryption of sensitive data and systems. Once encryption was successful, attackers demanded ransom in exchange for the decryption keys.
To make matters worse, attackers started “milking” the victims or monetizing the stolen data even more. For instance, they started brokering stolen data to other cybercriminals who would then launch repeat attacks password manager to avoid password reuse. DeployIn the event of a cyberattack, employees should be well-informed of the necessary protocols to follow, as well as roles and responsibilities defined for incident responders and other important stakeholders.
The digital age has revolutionized the way we prosper and do business, but it's also blurring the lines between what’s fabricated and what’s bona fide. And if fake emails, fake news, fake videos, fake voices, fake attachments and, pushing the boundaries of scams and extortion tactics with no foreseeable limit in sight. Organizations must take precautions seriously, boost awareness and security maturity and deploy tools and processes that help mitigate cybercrime root causes.
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