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Ransomware 2020: A Year of Many Changes

BankInfoSecurity Compliance March 29, 2021 Compliance March 29, 2021 March 31, 2021 DougOlenick) • December 31, 2020     Get Permission Ransomware gangs entered 2020 with a full and dangerous set of weapons at their disposal and then rolled out additional tools such as extortion and new distribution methods, a trend that is expected to continue into 2021. Double extortion; Trickbot and Emotet to deliver ransomware. [This year] will be even worse. Ransomware attacks will keep trending up until secure cloud architecture is widely adopted, says Lee McKnight, an associate professor at Syracuse University s School of Information Studies. So, what stood out to cybersecurity pros in 2020? Topping the list was the widespread use of extortion to force ransom payments and the associated quick rise and then retirement of the Maze ransomware gang. Secondly, COVID-19 forced a massive shift to a work-f

Breach alerts dismissed as junk? New guide for sending emails may help

The SolarWinds supply chain attack will likely prompt scores of compromised companies to send critical data breach notifications to their customers. But how many of these email notifications will go ignored, bounced or quarantined? Bulk emails sent en masse to recipients can easily appear suspicious, but they may actually be legally required alerts informing customers about data breaches, privacy policy changes or product recalls. Some may instruct recipients to change their passwords or subscribe to a credit monitoring service. Even customers who no longer use a particular company s services, or have unsubscribed from its marketing communications, or have set emails from that company as spam must still receive these so-called mandatory emails. And so it is imperative that senders follow guidelines that make their vital communications as secure and trustworthy as possible.

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