Ransomware is the number one cause of cyber claims and lost business income for small and medium enterprises (SMEs), and remains one of the biggest threats to businesses around the world. According to a study we conducted here at NetDiligence, the average ransomware event costs SMEs $150k, while the resulting lost-business income averages $261K. For…

In the event of a cyber attack, failure to act in accordance with best practices and relevant legislation can result in a loss of business income and reputation damage, but also steep financial penalties. For example, organizations that fail to adhere to EU General Data Protection Regulations in the aftermath of an attack can be…

As businesses around the world continue the journey of digital transformation, cyber incidents are occurring with greater frequency and severity—and costing organizations more money. According to the Allianz Risk Barometer Report, cyber incidents most commonly originate from: Data or security breaches Hack attacks Ransomware attacks Denial of service attacks Employee errors With up to 70…

Ransomware is a type of malware designed to block access to a computer system until a sum of money is paid. Typically, a ransomware attack starts with an innocent-looking email with an infected link or fake document attached. In fact, the average company received a whopping 90% of their detected malware through email, according to…

A Q&A with John Mullen, Nelson Levine de Luca & Hamilton, LLP
The hours and days following the initial discovery of a breach are full of confusion and chaos. However, companies can save themselves from a lot of trouble later on down the line if they stay focused. We spoke to lawyer John F. Mullen Sr. of Nelson Levine de Luca & Hamilton, LLP in Blue Bell, PA, about dos and don’ts for companies in this situation—mostly don’ts.