Avoid Data Breach

While businesses are increasingly aware of the many dangers that cyber-attacks can present to their company, it seems that they still aren’t entirely sure how to deal with data loss or breaches. The majority of modern businesses workings are dealt with online, and if a malware attack or other bugs enter their network, they can be left completely crippled.

You can minimize the risk of a data breach and ensure your company is well equipped to deal with the fallout by follow a few simple steps:

  1. Understand the Threats – Be proactive and make sure that you and your employees understand the risks they face. Identifying the most sensitive and important data in your network so that you can devise a plan to back it up before an attack occurs.
  2. Protect Yourself – Making sure that adequate security measures are in place in case of an attack is crucial.
  3. Keep Updated – Meet regularly with your board of directors, your company’s CEO, and your I.T. security team to keep everyone updated on potential security and online threats. This is a good way to ensure that everyone is on the same page and that all parties are prepared for a potential breach.
  4. Test Yourself – The best way to determine how ready you are for an attack is a drill.
  5. Train Your Staff – Reduce employee mistakes and negligence in the handling of sensitive information with regular training and awareness programs. This can help to prevent any careless errors such as opening an e-mail containing data-destroying malware.
  6. Security Team – Select a security leader and apoint an expert staff to be ready todeal with incident response. Should your company fall victim to an online threat, having a unified team to deal with the issue will ensure a quick response.

Bitcoin Value Drops

Recent cyber attacks have affected Bitcoin performance, causing a drop in trade value.

One of the suspected culprits is a a randsomware name WannaCry. This computer worm has spread worldwide, with about 150 countries, and Europol estimating around 200,000 computers being infected since its release in May 12, 2017.
Once infected, the computer files are encrypted and a prompt demanding payment fo $300 in bitcoin within 3 days or double on the 4th day. It is believed that as of 16 May 2017 at 12:00 UTC, a total of 238 payments and $65,970.35 in bitcoin had been transferred with no one recovering their information
The second cause for the drop in Bitcoin is attributed to expectations that withdrawal restrictions in Bitfinex exchange will soon be lifted. Analyst speculate this has caused Chinese trading volume to drastically increase its share, from 8.2 percent on May 1 to 22.8 percent Monday.
It is important to note that even with the resent decline, this volatile currency had doubled in value since March.