thats bad because kaseya protects other companies
US companies hit by 'colossal' cyber-attack
91–100 of 514 posts
Re: US companies hit by 'colossal' cyber-attack
#92Earlier quoted context omitted.
I feel like this is a bold claim. I understand this to mean that you assume without crypto there would be less of a way to get payed for attacks like these? Or am I missing something here. Also, Do you have an evidence to support the argument: Crypto has increased cyber crime? (I hope that is an acceptable parse of your sentiment)
These attacks didn't exist before crypto.
Another way to look at it is that cryptocurrency has been around for what, ten years? And it seems in the past six months or so there’s been more ransomware attacks, certainly more high-profile ones, than there has been in the previous 9.5 years. So clearly there’s more to it than just the existence of cryptocurrency.
Re: US companies hit by 'colossal' cyber-attack
#93Earlier quoted context omitted.
like everything else in america, #1 priority is fèeding ceo salary and shareholder value. everything in corporate america is derived from the growing wealth inequality and these shake downs are precisely targetting the glut. soon enough, itll still be cheaper to have a bribe fund, just like tax evasion lawyers, lobbiests and the rest of the feeder classes than a holisitic defense.
This is a tiresome, meaningless religious mantra nowadays. Yes there is corruption. No not everybody is corrupt. No it does not only exist in USA nor is USA anywhere near the worst. No you can't blame anything and everything you don't like on corruption and greed.
Perhaps, but of all the leading developed nations on Earth, the US has a particularly corrupt government that sells itself to the highest bidder thanks to Citizens United and armies of lobbyists.
Our healthcare, prison, and student loan systems, for example, prey on US citizens without repercussions at lengths that don’t fly in most developed countries.
I think it’s safe to say that corruption and greed are at the root of most problems in the US, and it’s important to call it like it is.
Re: US companies hit by 'colossal' cyber-attack
#94After the Equifax breach, everyone learned that until there are actual repercussions for cyber attacks (like fines and people going to jail for negligence), if you can weather the storm, over the course of a year or two, there is effectively zero impact to your bottom line. You can also see this in the Solarwinds stock price. Year over year, they are down a hair under 4 percent... After being directly responsible for…
This isn't really true. Stock price is not an indicator of a company's "bottom line". As someone who helps respond to major breaches at big companies, these types of breaches often result in enormous expenditures on company-wide efforts to close security gaps or revamp processes. Either a regulatory agency, or more often the company's board of directors, will make a mandate to the C-suite that something must be done.…
Share price doesn't regularly continue to go up while profits continue to contract.
Re: US companies hit by 'colossal' cyber-attack
#95After the Equifax breach, everyone learned that until there are actual repercussions for cyber attacks (like fines and people going to jail for negligence), if you can weather the storm, over the course of a year or two, there is effectively zero impact to your bottom line. You can also see this in the Solarwinds stock price. Year over year, they are down a hair under 4 percent... After being directly responsible for…
This isn't really true. Stock price is not an indicator of a company's "bottom line". As someone who helps respond to major breaches at big companies, these types of breaches often result in enormous expenditures on company-wide efforts to close security gaps or revamp processes. Either a regulatory agency, or more often the company's board of directors, will make a mandate to the C-suite that something must be done.…
Dude, if you look at Equifaxes and Solarwinds EBITDA/earnings statements following their respective breaches, you will clearly see that there has been no major impact to their bottom line. Sure, expenses rise a bit for a short period of time, but these are not catastrophic by any means.
I mean, I'm looking at Solarwinds last earnings statement and comparing quarters from last year to now, they are up about 3.5% in revenue (3/31/2020 vs 3/31/2021).
Re: US companies hit by 'colossal' cyber-attack
#96In some not-so-distant future dystopia, ransomware hackers will morph into a file encryption service w/ optional data exfiltration as a backup. Just don't stop paying the bill. Or at least that's where we're headed if companies keep giving in to the ransom demands.
Subscription based Ransom ware.
Re: US companies hit by 'colossal' cyber-attack
#97I think this should be the death knell of cryptocurrencies. Or at least exchanges that allow the exchange of them for fiat.
I feel like this is a bold claim. I understand this to mean that you assume without crypto there would be less of a way to get payed for attacks like these? Or am I missing something here. Also, Do you have an evidence to support the argument: Crypto has increased cyber crime? (I hope that is an acceptable parse of your sentiment)
That's an accurate interpretation of what I'm saying. I don't think it's particularly bold.
I don't have any hard evidence but I'm sure you could find some. I certainly don't remember ransomware attacks being very prevalent prior to last decade. They all seem to request cryptocurrencies (I can tell you're a coin head because you refer to them simply as crypto).
Without cryptocurrencies ransomeware would largely go away. Sure there'd still be cybercrime, hacking, data breeches etc...
Re: US companies hit by 'colossal' cyber-attack
#98Earlier quoted context omitted.
That's not even close to what happened. The administration left it alone for days saying they'll let private business sort it out. (Default investigation notwithstanding.) When a bunch of news media started reporting the group was Russian and then insinuate it was a state sponsored attack, DarkSide said something along the lines of, "We didn't realize this would start geopolitical conflict. We will be careful to vet…
Did they leave it alone for days? The FBI seized the ransom (claiming it was left in a Coinbase account) so clearly someone was doing something.
"Left alone" as in publicly and geopolitically.
The FBI investigated the crime as they always do. It was treated as a standard international monetary theft.
Re: US companies hit by 'colossal' cyber-attack
#99I never quite understood why these ransom-ware attackers restrict themselves to a small subset of the MSP's clients. E.g.: The SolarWinds attack affected only something like 1% of their customers, when it could easily have been 50% or more! If you're evil and out for money, wouldn't you want to cast the widest net possible? Similarly, by encrypting a huge number of corporations concurrently, you'd "exhaust" the abili…
It's not enough to just gain access - once you're in you need to compromise other defenses, you need to communicate your demand to the victim, you need to know how much to extort, you need to actually process the payment. Either you do this on a case by case basis or you take advantage of additional exploits that will only be viable for a subset of your potential targets, and this is all a race against time before so…
[deleted]
Re: US companies hit by 'colossal' cyber-attack
#100Thanks IT