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  • Cybercrime Costs Organizations Nearly $1.79 Million Per Minute

    Cybercrime costs organizations an incredible $1.79m every minute, according to RiskIQ’s 2021 Evil Internet Minute Report.  The study, which analyzed the volume of malicious activity on the internet, laid bare the scale and damage of cyber-attacks in the past year, finding that 648 cyber-threats occurred every minute.

    The researchers calculated that the average cost of a breach is $7.2 per minute, while the overall predicted cybersecurity spend is $280,060 every minute.

    The report also looked at the impact of different forms of cybercrime. It showed that per minute, there was $3615 lost to cryptocurrency scams, 525,600 records compromised and six organizations victimized by ransomware.

  • Toyota halts operations at all Japan plants due to cyberattack

    Toyota Motor on Tuesday halted operations at all of its plants in Japan after a major supplier was hit by a cyberattack, disrupting the automaker's parts supply management system.  The company is suspending 28 lines at 14 plants. Subsidiaries Hino Motors and Daihatsu Motor will also halt operations at some plants in Japan on Tuesday.

    The cyberattack hit Kojima Industries, which supplies plastic parts to Toyota. Kojima announced on Tuesday morning that it has received a message demanding ransom and that it has confirmed the existence of a virus.

  • What is the cost of a cyber attack on WordPress or Joomla?

    Anonymous
    According to a recent survey, the average cost estimate for cleaning up a cyberattack comes in at around £850,000.
     
    But this is actually a conservative estimate: For those organisations that actually calculate (versus estimate) the real cost of an attack, that number increases significantly to £1.3 million.
     
    How is this calculated and what does it entail? According to the survey:
     

    “Quantifiable monetary losses can be directly tied to the aftermath of cyberattacks in lost revenue, unexpected budget expenditures and drops in stock values,” according to the report. “Protracted repercussions are most likely to emerge as a result of negative customer experiences, damage to brand reputation and loss of customers.”

     
    This doesn't even include the actual costs of repairing the damage and updating existing systems to prevent future incidents.
     
    At Wintercorn we've seen companies large and small suffer an attack because they simply didn't know they were being attacked and didn't know what to do until it was too late. They had no IDS (Intrusion Detection Systems) operating, they had no named person responsible for their website and they didn't bother with updates because "we're not very good with computers".
     
    Some even hosted their corporate websites on $5 per month shared servers with thousands of other sites. This is actually one of the most common routes to an attack and one of the most dangerous to your website, data and brand. 
     

About Us

Wintercorn are Joomla! and WordPress specialists based in Norwich but with clients across the U.K., Europe, Middle East, Australia and the United States.

We build, manage and support mission-critical Joomla! and WordPress sites for professional organisations around the globe who care about their brand.

It's all we do, every day. 

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