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Good news! And it’s got something to do with ransomware ...

Looks like ransomware attacks are down but money lost is still going up. The data is still being determined so we technically can’t tell you either way for sure yet. Just scan through this edition and I’m sure you’ll find something useful for you.

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Daniel Masterson, Ai Courtrie Buson & Bard Gee
August 23, 2024

for the week August 18th, 2024, 34th edition

☝️ TOP STORY

Good news in the ransomware front heartens us as ransomware payment drops 27% compared to last year. Hexagon Center has been hammering on how critical it is that we must not pay ransom. The message is definitely getting across since we started.

Remember. DO NOT make any payments you’re not sure of. If necessary, call the Hexagon Center hotline - anytime!

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🤷‍♀️ What now?

Are we less vulnerable?

Even though the city of Flint was successfully attacked by ransomware, it seems like the message is going through as we see fewer victims making payments. But threat actors are making more - which could also be the reason why they are currently attacking less.

We are not exactly sure why there have been fewer successful ransomware attacks lately but there are several possible reasons, including people not reporting them. However, home and small business attacks are still not officially recorded.

If you’re reading this, tell people that you know to never pay ransom or any kind of suspicious payments online. That will only enable more incidents to occur. And then tell them to subscribe to HX Weekly.

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🔥 Hot Tip: Hexagon Center has a hotline.

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about this edition and Inside Hexagon

As soon as we saw that one good news, we thought we’d share it with our readers by breaking it down a little. Tell us what you think.

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HOUSEKEEPING
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Your weekly dose of HX not only strengthens your knowledge on cybersecurity but also your personal security. Each week is tied to the last so as to form a rounded security wall in your personal lives.

Glossary/Legend:

  • Cyber Attackers and Cyber Predators - these terms refer to people who use any kind of technology, including cell phones, to prey on us.

  • Hacker - a person who uses computers to gain unauthorized access to data.

  • Ransomware - a type of malicious software designed to block access to a computer system until a sum of money is paid.

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Even though we aim to provide you the most current and critical information to keep you safe, threat actors work 24/7 and this newsletter publishes only once a week. Even though we are available via a hotline, it is crucial that you stay up to date via other sources as well to be informed on how you may be at risk.

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DISCLAIMER

Cybersecurity is an ever-changing field, and threats may evolve. While Hexagon Center strives to provide accurate and timely information, we cannot guarantee absolute security. Users are responsible for implementing their security measures and staying informed about the latest cybersecurity developments.

Content of this newsletter is not officially of Hexagon Center.

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