{"id":13903,"date":"2019-08-12T15:42:56","date_gmt":"2019-08-12T15:42:56","guid":{"rendered":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/?p=13903"},"modified":"2022-10-14T18:28:33","modified_gmt":"2022-10-14T22:28:33","slug":"infographic-nations-and-hackers-unleash-destructive-malware","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/security\/infographic-nations-and-hackers-unleash-destructive-malware.html","title":{"rendered":"[Infographic] Nations and Hackers Unleash Destructive Malware!"},"content":{"rendered":"\n<p>We <a href=\"https:\/\/www.apextechservices.com\/topics\/articles\/435235-notpetya-worlds-first-10-billion-malware.htm\">broke the news NotPetya caused $10 billion dollars of damage <\/a>&#8211; we scoured SEC filings and news reports to reach this conclusion.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Another&nbsp;<a href=\"https:\/\/www.thestreet.com\/story\/14226649\/1\/cyber-attack-likely-cost-saint-gobain-1-of-first-half-sales.html\">company hit<\/a>&nbsp;was French Saint-Gobain who took a&nbsp;<strong>$230 million<\/strong>&nbsp;loss of sales due to NotPetya. England-based Reckitt Benckiser Group Plc. Lost $<strong>129 million<\/strong>&nbsp;in sales as a result of this malware.<\/p><p>Mondelez didn\u2019t specify how much the attack cost so we did the math for you. They&nbsp;<a href=\"https:\/\/seekingalpha.com\/article\/4093668-mondelez-international-mdlz-q2-2017-results-earnings-call-transcript\">earned<\/a>&nbsp;$5.99 billion in the second quarter and specified there was a&nbsp;<a href=\"http:\/\/fortune.com\/2017\/08\/02\/cyber-worm-attack-corporate-earnings\/\">5% drop<\/a>&nbsp;in sales or&nbsp;<strong>$300 million<\/strong>. Maersk said the attack cost them up to&nbsp;<strong>$300 million<\/strong>&nbsp;as well.<\/p><p>Nuance apparently got off easy with only a&nbsp;<strong>$15 million<\/strong>&nbsp;<a href=\"https:\/\/www.bankinfosecurity.com\/nuance-latest-notpetya-victim-to-report-financial-impact-a-10138\">hit<\/a>.<\/p><\/blockquote>\n\n\n\n<p>Notpetya &#8211; showed how hackers or nations could devastate their targets by making computers virtually useless. The trend continues.<br>A new&nbsp;<a href=\"https:\/\/securityintelligence.com\/posts\/from-state-sponsored-attackers-to-common-cybercriminals-destructive-attacks-on-the-rise\/\">report<\/a>&nbsp;from IBM X-Force Incident Response and Intelligence Services (IRIS) shows that these attacks have been on the rise, posing a growing threat to a wide variety of businesses that may not consider themselves an obvious target.<\/p>\n\n\n\n<p>Key findings include:<\/p>\n\n\n\n<ul><li><strong>Massive destruction, massive costs:&nbsp;<\/strong>Destructive attacks are costing multinational companies $239 million on average. As a point of comparison, this is 61 times more costly than the average&nbsp;<a href=\"https:\/\/newsroom.ibm.com\/2019-07-23-IBM-Study-Shows-Data-Breach-Costs-on-the-Rise-Financial-Impact-Felt-for-Years\" rel=\"noreferrer noopener\" target=\"_blank\">cost of a data breach<\/a>&nbsp;($3.92 million).<\/li><li><strong>The long road to recovery:<\/strong>&nbsp;The debilitating nature of these attacks requires a lot of resources and time to respond and remediate, with companies on average requiring 512 hours from their incident response team. It\u2019s also common for organizations to use multiple companies to handle the response and remediation, which would increase hours even further.<\/li><li><strong>RIP laptops:&nbsp;<\/strong>A single destructive attack destroys 12,000 machines per company on average \u2014 creating quite a tab for new devices in order to get companies\u2019 workforce back in action.<\/li><\/ul>\n\n\n\n<p>How should your organization respond to keep from being a victim?<\/p>\n\n\n\n<p>One way is to follow this blog &#8211; specifically our <a href=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/category\/security\">security-related posts<\/a>.<\/p>\n\n\n\n<p>Here are some recent ones worth reading:<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/security\/securityscorecard-joins-ibm-security-app-exchange-community.html\">SecurityScorecard Joins IBM Security App Exchange Community<\/a><\/li><li><a href=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/security\/altitude-networks-gets-9m-for-cloud-collaboration-security-platform.html\">Altitude Networks Gets $9M For Cloud Collaboration Security Platform<\/a><\/li><li><a href=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/security\/capital-one-has-multi-billion-dollar-breach-it-didnt-have-to-happen.html\">Capital One Has Multi-Billion Dollar Breach. It Didn\u2019t have to Happen<\/a><\/li><li><a href=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/security\/mimecast-launches-new-cyber-alliance-program.html\">Mimecast Launches New Cyber Alliance Program<\/a><\/li><li><a href=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/security\/armis-discovered-urgent11-affects-tens-of-millions-of-mission-critical-devices.html\">Armis Discovered Urgent11 Affects Tens of Millions of Mission Critical Devices<\/a><\/li><li><a href=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/security\/new-nsa-security-arm-a-joke-unless-it-does-this.html\">New NSA Security Arm a Joke Unless it Does This<\/a><\/li><li><a href=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/security\/sim-swap-fraud-and-fraudulent-account-transfers-could-cost-carriers.html\">SIM Swap Fraud And Fraudulent Account Transfers Could Cost Carriers<\/a><\/li><\/ul>\n\n\n\n<p>In addition to the bottom row of the infographic above, we have put together&nbsp;<a href=\"https:\/\/www.apextechservices.com\/topics\/articles\/442289-cybersecurity-essentials-every-business.htm\">cybersecurity essentials<\/a>&nbsp;\u2013 a simple list which will help most organizations become far more secure.<\/p>\n\n\n\n<p>Please go to a phishing simulation vendor now and sign up for one of their offerings.&nbsp;<a href=\"https:\/\/www.phishingbox.com\/\">Phishing Box<\/a>,&nbsp;<a href=\"https:\/\/www.knowbe4.com\/\">KnowBe4&nbsp;<\/a>and&nbsp;<a href=\"https:\/\/www.phish360.com\/\">Phish360&nbsp;<\/a>are all great.<\/p>\n\n\n\n<p>We also recommend you get a&nbsp;<a href=\"https:\/\/www.apextechservices.com\/\">free evaluation of your cybersecurity risk&nbsp;<\/a>from an MSP\/MSSP immediately.<\/p>\n\n\n\n<p><em>Finally, learn about the latest in&nbsp;<a href=\"https:\/\/cvxexpo.tmcnet.com\/east\/\">the Channel<\/a>,&nbsp;<a href=\"https:\/\/www.mspexpo.com\/\">MSPs<\/a>&nbsp;and Cybersecurity at the world\u2019s only #TechSuperShow,&nbsp;<strong><a href=\"http:\/\/www.itexpo.com\/\">ITEXPO<\/a><\/strong>,&nbsp;Feb 12-14, 2020 Fort Lauderdale, FL.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" src=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-content\/uploads\/2019\/05\/itexpo-2019-hall-7.jpg\" alt=\"\" class=\"wp-image-12172\" srcset=\"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-content\/uploads\/2019\/05\/itexpo-2019-hall-7.jpg 800w, https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-content\/uploads\/2019\/05\/itexpo-2019-hall-7-768x576.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>We broke the news NotPetya caused $10 billion dollars of damage &#8211; we scoured SEC filings and news reports to reach this conclusion. Another&nbsp;company hit&nbsp;was French Saint-Gobain who took a&nbsp;$230 million&nbsp;loss of sales due to NotPetya. England-based Reckitt Benckiser Group Plc. Lost $129 million&nbsp;in sales as a result of this malware. Mondelez didn\u2019t specify how<\/p>\n","protected":false},"author":44,"featured_media":13907,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[156],"tags":[1796,1929,300,1973],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/13903"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=13903"}],"version-history":[{"count":2,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/13903\/revisions"}],"predecessor-version":[{"id":13908,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/13903\/revisions\/13908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media\/13907"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=13903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=13903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=13903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}