August 1 – One in four companies experience a data breach,
The cost and frequency of cyberattacks on businesses, local governments and infrastructure have increased dramatically in recent years. The FBI reported that dollars exposed to losses from email fraud, which accounts for the vast majority of cyberattacks, increased by 65% between 2019 and 2021. According to Verizon’s 2022 Cybersecurity Report, ransomware attacks, in which hackers take data hostage and demand payment, have increased by 13%.
In the quad-cities, at least three local governments more than paid out
“So it’s not like it’s increasing, but it’s become more readily available to these bad people because now they don’t have to smash windows or kick down doors to get in,” Jenista said.
Jenista shared tips on Monday to avoid those losses in an increasingly connected world.
The agency, called CISA, conducts various types of free security assessments to determine the cyber preparedness of local governments and businesses.
Jenista said he did about 60 reviews for
Common ways to prevent this are turning on multi-factor authentication — which means adding an extra step beyond a password to make it harder for someone to hack your account, updating software to close loopholes, and Create a response plan so business leaders know what to do in the event of a crisis.
When asked whether companies go to CISA voluntarily or after a breach, Jenista said companies often say they can’t afford to take precautions until after a costly breach.
Cyber insurance premiums have also increased.
“Cyberinsurance is kind of a wild, wild west,” Jenista said.
Jenista said he sees ransomware attacks as the biggest threat to American infrastructure, such as the water supply and energy grids.
Meat supplier JBS who has one
“A good backup system is much cheaper than
“We are speaking to the American public and all levels of government and the private sector, down to the individual level, to explain to people that the threat is real,” Kirk said. “And the simple things they can do to reduce their chances of becoming a victim. And then also to encourage the larger corporations, the private sector, the owners and operators of governments…that they need to think about and look at the incident response plan.”
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