US$1,000,000,000. That’s the estimated cost of ransomware to individuals and businesses in 2016. In the first quarter of 2016 alone, ransomware cost organizations US$209 million. Keep in mind that ransomware is just one type of cybercriminal activity. Although final numbers for 2016 are not yet known, based on the frequency and sophistication of the attacks so far, it’s likely that 2016 will end up as the most lucrative year on record for cybercriminals. The latest numbers show that there were more than 2 billion records leaked in 2016.
Here are just a few of the biggest cyberattacks in 2016:
Even the U.S. government is not immune to cyberattacks. In February, the Department of Justice was attacked by hackers who published contact information of 20,000 FBI employees. That was just a day after the same hackers posted contact information of 10,000 Department of Homeland Security employees. Shortly after these attacks, the cybercriminals taunted the Feds, stating that they did what they said they would do.
Data from at least 500 million user accounts was stolen from Yahoo! users. The cybersecurity breach actually occurred in 2014 but was only confirmed by Yahoo! this past September. According to Yahoo!, “The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers.”
Hospitals operated by the $5 billion healthcare provider MedStar Health were attacked by ransomware in March. Thousands of patient records could not be updated and in some cases could not even be accessed by healthcare staff. As a result, patients were turned away or were treated without important computer records.
A data breach at the University of California, Berkeley, affected the institution earlier in the year, compromising the financial data of 80,000 students, alumni, employees and former employees. The hackers exposed Social Security and bank account numbers. The breach occurred when software was being patched.
No organization is immune
The attacks just mentioned are just a few of the thousands of cybercrimes that occur worldwide each day. Government, high tech, healthcare, education, etc.—no one is immune from a cyberattack. Cleary, if you’re connected, you’re vulnerable. Fortunately, there are precautions you can take to prevent a cybersecurity disaster. According to the Federal Bureau of Investigation (which is the lead federal agency for investigating cyberattacks), you can protect yourself and your organization from cyberattacks by: (more…)