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50 MILLION RANSOM DEMANDED BY HACKERS FROM SAUDI ARAMCO, THE WORLD'S LARGEST OIL PRODUCER

50 MILLION RANSOM DEMANDED BY HACKERS FROM SAUDI ARAMCO, THE WORLD'S LARGEST OIL PRODUCER

The Saudi Arabian Oil Company, also known as Saudi Aramco, is the world's largest oil producer. 

This oil giant has been robbed of a terabyte of corporate data by a group of hackers in a ransomware attack. In fact, the cybercriminals demanded a redemptionto get the data back, of as much as $50 million in cryptocurrencies.

In the ransom demand, the criminals also indicated that they were willing to sell the stolen data not only to the company that owned it, but to anyone willing to pay that amount. 

During another attack, also on Aramco, the 'Shamoon' virus erased three quarters of the company's data, replacing it with the image of a burning American flag. The company was forced to shut down its internal corporate network to prevent the virus from spreading.

According to the World Economic Forum, 80% of computer security experts consider ransomware to be a dangerous and growing threat. 

Also according to the World Economic Forum, the real danger is for small and medium-sized enterprisesIf a company as big as Saudi Aramco has difficulty in responding to these huge ransom demands, how can a small and medium-sized company defend itself?

If you have an SME, even if they didn't ask you for 50 million ransom, but for a more proportionate sum such as 50,000€ to get back your company's sensitive data, could you handle the financial damage? 

Unfortunately, the only way to defend yourself against cybercriminals when you have a small or medium-sized business is to prevent attacks and insure yourself against the resulting damage.  

To protect and insure your business, you can register for free on our platform.

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