Cyberattacks Increase as Organizations Scramble to Protect Themselves

1. SMBs being pushed into bankruptcy by data breaches

A recent survey by Zogby Analytics confirmed what many people already knew: data breaches are wreaking havoc on SMBs. In particular, the financial implications of a data breach are overwhelming their capacity and forcing them to take drastic action. 

The survey, which questioned more than 1,000 small business leaders, found that 37% of SMBs that experienced a data breach suffered financial loss and 25% filed for bankruptcy. Ultimately, 10% of SMBs went out of business following a data breach. SMBs must have a disaster response plan to deal with the high likelihood of being breached.

4 Lessons Learned from Recent Breaches in Bakersfield and L.A.

Some lessons are better learned by observing what happened to others, like the negative consequences of successful cyberattacks. How to protect your organization and data is knowledge you want to acquire without experiencing a breach. The scenarios below illustrate what can go wrong and how you can prevent similar situations at your organization.

Cyber Wars: The Rise of Modern Security

It’s an old battle; one that many have almost forgotten as the enemy lies in wait, counting on inattentiveness to bolster their evil plans.

Sounds like an intergalactic war from Star Wars, huh? With the release of Star Wars: The Rise of Skywalker this December, our ongoing fight against cybercrime comes to mind. Many businesses seem to have become complacent in the fight against cybercrime as 48% of SMBs have budgeted $5,000 or less on security for the upcoming year. This is 54% less than what was spent by small- and medium-sized businesses on cybersecurity last year.

You might think this trend indicates a decrease in hacking, phishing and ransomware attacks on SMBs. Nothing is farther from the truth. Symantec reports employees of small organizations receive spam in 55% of their emails, considerably fewer than emails received by employees of larger organizations.

Cybercriminals Threaten Multiple Industries with Barrage of Attacks

1. Kaiser Permanente says data breach exposed information on nearly 1,000 Sacramento-area patients

The personal information held by Kaiser on 990 Sacramento-area patients was breached in September by an unknown and unauthorized individual. The cybercriminals had access to an email account with access to data including date of birth, gender, provider name, payer name and benefits information, along with other medical-care-specific information.

Unlike credit card and other financial information, personal health histories do not change and can be used to convince individuals that a scam is actually legitimate. At DiamondIT, we have tools and systems in place to identify, analyze and proactively monitor for any compromised or stolen employee and customer data. This prevents personal information from being used against you, your customers or employees. 

More than 4 Billion Records Stolen in First Half of 2019

1. 20 Texas cities attacked by ransomware

The City of Borger, along with 20 other Texas municipalities, recently suffered a ransomware attack that disabled the city’s ability to conduct business. The attack was part of a targeted effort, and it cut off access to basic city services like public records, bill payments and communications systems. The city has been able to restore several functions without paying the ransom, but several services remain unavailable.

Many public entities such as cities and counties struggle to implement adequate cyber security solutions. DiamondIT works closely with municipalities to manage their networks within restrained budgets and long planning cycles.

Do You Know the True Cost of Cyberattacks?

Cities, enterprises, nonprofits, small businesses and your organization are all united by one commonality: the threat cybercriminals pose. A successful attack harms more than your finances and will impact every facet of your business. 60% of small businesses will close after being hit with a cyberattack. The right IT investments prevent attacks and limit downtime and damage during a worst-case scenario. Below are 4 costs to consider and the solutions you can use to protect your business.

Ransomware Can Devastate Your City; Here’s What You Need to Know

Hackers are going to town on municipalities in California and across the country.

Municipalities are popular targets for cybercriminals because most have a variety of services on their websites that requires city residents to share credit card information, addresses and other personally identifying information. Even with the prime data cities store, they often don’t have adequate security solutions in place to prevent ransomware attacks.

Yes, Disaster Recovery Planning is Important – Here’s Why

What’s the worst technology disaster you can imagine hitting your business? An earthquake shattering all your computers, monitors and phones? Hackers stealing all of your customers’ personal information and selling it on the Dark Web? How about your server room catching fire and destroying all communications systems?

All of these and more (let your imagination run wild because it’s probably on the right track) threaten businesses worldwide – including Southern California SMBs. It’s that last one, though – the server room fire – that DiamondIT experienced firsthand with a local business.

Cyber Security Best Practices to Protect Against Hackers

1. Thousands of Los Angeles police caught up in data breach

The Los Angeles Police Department personnel records were hacked into in July. The breach went undetected until the cybercriminals contacted them to let them know names, partial Social Security numbers, dates of birth and other personally identifying information from the department were now available through “external sources.” PII for 2,500 LAPD officers was compromised along with about 17,500 records of LAPD’s Candidate Applicant program.

Every day, more experienced hackers and sophisticated phishing schemes invade businesses across California. You can’t afford to sit back and hope you have enough protection against hackers. Download your free copy of DiamondIT’s ebook: “Detect and Prevent Cybersecurity Threats to Your Business.”

2.  City of Lodi confirms ransomware behind computer troubles

Lodi city employees received ransomware emails with attachments appearing to be invoices. The malware disabled the city’s phone lines, financial data systems and other computer systems. The hackers demanded $400,000 in Bitcoin as ransom; Lodi officials declined to pay.

Balancing limited resources with cyber security best practices is complex. DiamondIT works with city and county organizations across Central and Southern California to secure government entities: Check out our solutions here.