Technology

The Risks Involved in Paying After Ransomware Attacks

Image by Pete Linforth from Pixabay Ransomware attacks do not necessarily end with the payment despite the huge sum of money involved, there are potential risks attached to the attacks.  A session at Gartner’s Security & Risk Management Summit has revealed that the average cost of a ransomware payment in Q1 2020 was $178,254. While the amount is on the high side, you should know that the downtime cost due to any attack was not taken into consideration. Depending on the size of your business and especially if it’s a midsize company, there are chances that you’ll not be getting all of your encrypted data back after you might have paid for the ransomware attack, the session went on to divulge. Paul Furtado, a senior director and analyst of MSE security at Gartner, was reported to have observed that “What we see is that about 4% of the data is non-recoverable.” What this boils down to is that you have lost both ways.  You have paid the ransom demanded but your data has been compromised and tampered with. It dawns on you that the guys you are dealing with don’t have an iota of good intention for you and your business.  Another thing…

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Technology

How Covid-19 Brought to Focus Risks to Your Data Privacy And Governance

Image by Hebi B. from Pixabay  There is no doubt that the Covid-19 pandemic and the resultant global lockdown have effectively changed the way businesses operate, which to a large extent, has serious impacts on your data privacy and governance. Out of the blues, organizations and their employees must adapt to a new way of working.  The aftermath of the radical change is that a lot of employees have relocated their offices to the home. While this may be a brand-new innovation to some organizations, a few had before the outbreak, been practicing flexible working for some time.  These organizations were more favorably disposed to adapt to the new world and way of working with relative ease. They were armed with sturdy procedures, practices, and had IT infrastructure in place to cushion the effects of working away from the office.  However, a lot of organizations were left in a sort of quandary, the change was rather impromptu, it was too much, albeit too soon, and they were not prepared for the plunge. As a result, they had to contend with data privacy breaches and the ensuing governance concerns.   Cybersecurity has been a burning issue even before the onset of the pandemic, but the…

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Healthcare, Technology

Coronavirus: Where The World Got it All Wrong

Image by cromaconceptovisual from Pixabay Coronavirus has succeeded in exposing inadequacies and shortcomings in our daily lives. As a result of the inadequacies, billions of people worldwide were under lockdown, thousands have died, and more are still dying.  Governments, businesses, and individuals have been thrown into confusion, facing an uncertain economic future. The world, whether developing or developed, was completely unprepared for COVID-19 despite our technological advancements in the areas of AI and machine learning, hence, we are suffering the consequences direly.  The coronavirus pandemic also exposed our ill-preparedness in how we have been handling our supply chains as well as security and privacy. A rundown of the following three very important sectors will bring to light where we failed and also a pointer as to what needs to be done since this may not be the last time we will be facing viral diseases. Technological advancement BlueDot, an artificial intelligence company, was able to notice that something ominous was in the offing and, therefore, went ahead to alert the world of a cluster of “unusual pneumonia” cases occurring around a market in Wuhan, China, about the midnight of December 30, 2019. The company likened the symptoms to those of the SARS, an…

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Technology

How to Avoid Buffering When Streaming Videos

Image by OpenClipart-Vectors from Pixabay  Internet streaming is an everyday common practice for almost every person. The technology of today has come to such a remarkable point that everything is at our fingertips because of smartphones, laptops, and computers.  Every tech-savvy or even just a regular user who streams videos on browsers, whether they are using Microsoft’s Internet Explorer, Mozilla Firefox, or Google Chrome faces some streaming problems on each browser while streaming even if its once in a blue moon. As online streaming has become a common pastime and people binge-watch TV show seasons thanks to Netflix and other streaming services. It is very frustrating when you are watching a movie or even a short video and your video starts buffering in between the watch session.  It ruins the immersion that you had in a movie or a TV show. If you want to watch videos in high resolution like 4K, you must first ensure that you have an internet plan with the speed that can support 4k video streaming.  You must choose Mediacom internet plans that fit within your budget and are capable of providing enough download speed that you can stream videos in the resolution you want.  These are the…

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Technology

Cybersecurity: How the “New Normal” Can Impact Your Business

Image by Katie White from Pixabay  With attempts at easing lockdowns globally and an envisaged victory over the COVID-19 pandemic, it’s proper to take into cognizance the cybersecurity impact on your business. Expectations are rife that after the victory the world is heading into a “new normal” in the way society will be organized and the way business will be conducted.  While the main preoccupation of individuals as the COVID-19 pandemic raged on has been how to protect themselves and their families from the virus and how to hold on to their jobs, for business owners, it has been a different ball game altogether. You must have focused on how to beat the pandemic without doing irreversible damage to your economy in the process. This could have led you to take all sorts of decisions that included remote working, telemedicine, outsourcing, and online marketing. All these measures taken to sustain the life of your business are in order, but you probably didn’t take the cybersecurity risks involved into consideration. As the world is grappling and fighting to overcome the pandemic, it’s expected that a “new normal” way of conducting businesses and even living, will be the order of the day. Measures such as…

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Business, Technology

CBDC (Central Bank Digital Currency): A Possible Revolution in Money

Image by WorldSpectrum from Pixabay  CBDC may eventually turn out to become a revolution in money in the post-COVID-19 world. Before the idea of a central bank digital money started gaining ground, the cryptos have been around as virtual or digital currencies. Taking into consideration that the global mobile payment market is presently estimated at US$816.50B and with the projections that it will reach over US$5.5T by 2025, the way we carry on transactions with money is set to undergo a mammoth revolution with the intended introduction of digital currencies by governments around the world. However, unlike the cryptos that encountered very stiff opposition from governments and some large corporate bodies, it seems the CBDC will enjoy their patronage. The main reason governments around the world were very equivocal in the opposition cryptos encountered is the fact that cryptocurrencies were not meant to be regulated.  The seriousness governments are attaching to CBDC is the reason why about 80% of the world’s central banks are exploring the possibility of adopting the digital currency. It’s on record, however, that China has gone very far on the project, having been working on it since 2014, when Xiaochuan Zhou, who was the Governor of the People’s Bank…

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