Data Breach: What YOU can do about it?
Marcelo Souccar, CEO Juritis USA and General Counsel Juritis Group, Juritis USA LLC TOTVS Official Partner, USA
In May 2017 the cyber world was under attack. The WannaCry cryptoworm spread quickly, preventing or limiting users from accessing their systems. This was the largest ransomware attack targeting commercial applications up until that point. Bloomberg estimated that this single malware could cost over $2,5 billion for insurers and the overall cost could reach $4 Billion dollars.
In June 2017, Petya, another ransomware attack caused serious business disruption at large corporations, including Siemens, Mondelez, and Maersk, among others. These attacks are just the tip of the iceberg in the money-making scheme designed by hackers, and do not include government sponsored attacks, which may target government structures, but also private strategic economic businesses, like utilities, energy, finance and even law enforcement and emergency services, which constitutes an actual cyber war.
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