On May 19th, 2021, Carrillo Asesores attended the APD Conference held in Valencia. One of the top presentations we would like to highlight today was titled just like the movie: "Sleeping with the enemy". We would like to thank JMR for his funny presentation, and on the other hand, we would like to share with you his desire to raise awareness; so today, we will tell you a little bit about CYBER-CRIME WARE.
What is ransomware?
Ransomware is a form of malware that is on the rise; it locks a user's files or devices and then demands an anonymous online payment to restore access.
What happens if you pay the ransom for your data?
A formal charge of belonging to a criminal organisation, as set out in article 570 bis of the Penal Code, considering that the criminals and those who collaborate with them by paying the ransom were an organised group with high technological preparation, where each one had a specific function and task, may be the consequence. We therefore strictly advise against such a payment.
So what am I supposed to do?
Stay calm, tell your security team what has happened and report it to the institutions in any case. Although statistics tell us that only 10% of cases are publicised, the growth of cybercrime is increasing by more than 480%.
How many attacks are there in Spain?
The official figure, according to the WEF, is that the threat of previous years in terms of turnover is 445 billion dollars.
Moreover, the estimation is just the tip of the iceberg, because no one wants to face a cybersecurity communication crisis, although the best thing to do is always to stay calm and report the attack to the authorities, immediately.
Real Cybercrime Case
Just view the prominent example of the Marriot cyber-attack.
In 2018 (still suffering the consequences today), where 500 million customers of the hotel group were revealed.
For more than 4 years the ransomware was inside their system and stole the identities and data of their (best and most VIP) customers, and then encrypted not only their data, but threatened to publish those of their customers.
Actually, the lawsuits rise to more than $13.000 M.
As a result of the attack, the chain's shares dropped down by 5%, so prevention is mandatory.
The solution and the problem IS undoubtedly on US, the people. We therefore recommend having an independent PASSWORD for each sector, cloud, email, data, and constructing it as a safe barrier. Your child's birthday and name are an easy attraction for a security breach.
Let’s end with a warning. If you would not enter a dark street with a gang of thieves, then you should not enter a page that is not quite secure with a trivial 1234 password or use your credit card because you will offer a green light for being the person who is mugged.
Our Consulting Department can help you with these and other issues, such as GDPR, the legal protection of your data...etc., related to the Internet. Reach out for us; we will be delighted to help you.
