phishing | GIGE IT Solutions: IT Services Mississauga

Maastricht University Hit By Clop Ransomware, Pays $220 000 USD for Decryption

February 12, 2020

Netherlands’ Maastricht University was hit by a ransomware attack on December 23rd, 2019. The university paid the cyberattackers 30 bitcoins, worth at around $220 000 USD, in order to restore the infected computers to working conditions. The ransomware malware strain, called “Clop ransomware”, encrypted 267 of the university’s Windows servers, including backups. The University’s full…
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Human Error is still a Leading Cause of Cyber Insurance Incidents, says CFC Underwriting

July 8, 2019

Multinational insurance company CFC Underwriting says that human error still remains a primary factor in the thousands of cybersecurity insurance claims that the company handles. In 2018, the insurance company received over a thousand claims relating to ransomware, malware, data breaches, and data theft. Of these incidents, CFC Underwriting notes that the following human-driven errors…
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Phishing Scams: what are they, and how do you protect yourself?

October 15, 2018

Phishing scams are a type of cyberattack that is designed to steal sensitive data such as login credentials and credit card information. The term ‘phishing’ originates from the word ‘fishing’, due to the cyberattack strategy using ‘baits’ to lure out victims. Often, phishing scams will be distributed through fraudulent email addresses that direct users to…
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How do you protect yourself against CEO Fraud?

September 12, 2018

CEO Fraud, or Business E-Mail Compromise (BEC), is an e-mail scam that aims to trick business employees into transferring money or sending sensitive information to a fraudulent account. In a recent study conducted by the Internet Crime Complaint Centre, it was found that these email scams have resulted in financial damages of more than $5…
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Why Protecting Your Server is Critical to your Company’s Cybersecurity

July 23, 2018

A server is a computer that is connected to other systems in a company through either the internet or a local network, and that dedicates its resources to ‘serving’ these computers. Because of this, servers are in constant communication with all company systems, storing, processing, and communicating data. Due to the fact that they are…
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What is Security Best Practice?

July 10, 2017

BACK What are IT Security Best Practices? Company integrity hinges on its ability to protect confidential or critical information from cyberattacks. Failure to do so will result in irreparable damage to a customer’s trust in the stability of an organization. As such, informational security should be of utmost importance to any…
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Tag: phishing

Maastricht University Hit By Clop Ransomware, Pays $220 000 USD for Decryption

Human Error is still a Leading Cause of Cyber Insurance Incidents, says CFC Underwriting

Phishing Scams: what are they, and how do you protect yourself?

How do you protect yourself against CEO Fraud?

Why Protecting Your Server is Critical to your Company’s Cybersecurity

What is Security Best Practice?

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