Mexico’s Pemex Oil Struck with Ransomware

Hackers Ask for $5 Million in Bitcoin Mexico’s Pemex oil has been struggling to keep it’s credit rating from dropping while it battles declining oil production and paying down heavy debts. In the midst of this turmoil, it was struck this week with a ransomware attack. The hackers gave a “discount period” to the company, […]

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Over Half of SMBs Confirm – They’d Pay Ransom Demands

55% of SMBs Will Meet Hacker’s Demands According to a recent study, 55% of SMBs confirmed they would pay any ransom demands the hackers set forth, if they were to become a victim of ransomware. The exact reasoning behind their willingness to pay is unclear. However, there are several factors to consider including, the hope […]

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Ransom Payments or Downtime – Which is Worse for SMBs?

Which Creates More Issues for SMBs? Asking questions like this is simply asking, which is the lesser of these two evils?  Neither is wanted or preferred.  And both cause substantial damage.  So forgive my bluntness, but which sucks less? Reports have suggested downtime is more damaging, financially than paying the ransom demand.  This is contingent upon several […]

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96% of Employees and Businesses Paid Ransom Demands

Majority of Employees Personally Pay Ransom Demands In a survey completed by Intermedia, it was found that a vast majority of employees paid up after being hit with ransomware.  Ransomware is a malicious software that infiltrates devices, servers, and networks which encrypts data.  After encryption a ransom note will be displayed, stating in order to […]

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45% of SMBs Don’t Retrieve Files After Paying Ransom Demands

SMBs Short Changed After Meeting Cyber Criminals Demands One of the many risks ransomware victims face is, the likelihood they pay the ransom but don’t get the decryption keys to actually unlock their files.  In a recent study done by SpiceWorks, a shocking 45% of small and medium sized businesses (SMBs) are not retrieving their […]

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