Verizon’s analysis of 1600 cybersecurity incidents and 800 breaches found that phishing was involved in 90% of successful attacks. Despite years of phishing awareness training, employees are still getting fooled. Verizon even included a section in this year’s Data Breaches Investigations Report (DBIR) called, “Attack the Humans.

Graphus®  is used by organizations of all sizes and various industries. Many of our customers that use Microsoft Office 365 also have implemented Microsoft’s Advanced Threat Protection (ATP) with the goal of protecting their organization from sophisticated cyber attacks.

Three years ago, Martin Engineering IT Manager Mike Komnick started to see a rise in spear phishing emails. They were supposedly from the CEO and sought to initiate wire transfers. One was even in process, but thankfully, canceled before completion.

A new infographic from Crozdesk illustrates the negative impact a cyber security attack can have on a business. Cyber attacks are becoming more sophisticated and more frequent making companies even more vulnerable. And the consequences are becoming more severe.

The New York Times reported last week that spear phishing attacks have escalated recently targeting nuclear power plants, utilities and manufacturers. The article focused specifically on the threat to nuclear facilities where “spear phishing” was the common cyber attack technique.

While there is debate about how the WannaCry ransomware attack in May was spread, it seems fairly clear that yesterday’s Goldeneye attack was delivered via spear phishing. Reuters reported:

An adviser to Ukraine's interior minister said earlier in the day that the virus got into computer systems via "phishing" emails written in Russian and Ukrainian designed to lure employees into opening them.

Today Graphus is pleased to announce a new channel partnership with the Intelligence Systems Group (ISG). ISG is a Service Disabled Veteran-Owned Small Business that provides cyber security software and services to the Intelligence Community. The company will initially offer the Graphus solution to its corporate and governmental client’s using G-Suite by Google to detect, eliminate and alert their security personnel in real-time about sophisticated social engineering attacks.

Trend Micro reported last month that Ransomware attacks increased 752% in 2016. Ransomware families grew to 247 last year from just 29 in 2015. Why the rapid growth? Well, ransomware attacks work and attackers are getting paid. The report suggests that ransomware is now a $1 billion business.

Reston, VA – June 27, 2018 – Graphus, a social engineering defense company that provides automated protection from social engineering threats such as phishing, spear phishing, business email scams, ransomware, and malware attacks for Office 365 and G Suite users, announced today that Richard “Koz” Korzeniewski is joining their team as Vice President, Partner & Channel Sales.

The Rise in Ransomware
Ransomware is a type of malicious software designed to block access to a computer system until a sum of money is paid.

Ransomware attacks have been on the rise and all signs point to it not slowing down anytime soon. According to Radware’s Global Application and Network Security Report, the number of companies that fell victim of ransomware and paid the ransom, increased by 40% from 2016. In 2018, executives don’t expect this to go away with 26% believing it will be the biggest threat to their business.