Businesses are a prime target for cybercriminals, regardless of their size, industry, or location. Due to poor cybersecurity practices, companies can end up paying millions of dollars, so nothing is cheaper than the Internet and its effects.
According to the latest report of ibm, the average cost of a data breach in Latin America increased by almost 15% over the previous year, reaching a record US$2.09 million. In addition, it also contributes to the rise in the prices of goods and services. In fact, 60% of organizations increase the prices of their products or services because of the breach, at a time when costs are already skyrocketing worldwide due to inflation.
For this reason, most millionaires are historical cases of corporate hacks. According to Visual Capitalist, one of the emblematic cases of Internet piracy is that of KIA Motors, which was supposed to distribute US$20 million. It fell victim to a ransomware attack in February by a group of hackers called DoppelPaymer, who threatened to release the stolen data within two to three weeks if the aforementioned ransom amount was not paid.
Another case where technology became a headache was that of Accenture, one of the world’s largest IT (information technology) consultants, which fell victim to a ransomware attack in August 2021. While this may sound ironic, it goes to show that any business, regardless of industry, can be susceptible to hackers. The hack was traced back to LockBit, which claims to have stolen several terabytes of data from Accenture’s servers. A ransom of US$50 million was demanded, although it is unknown whether the company actually made any payments.
A third example is JBS, one of the world’s largest meat processing companies, which experienced a reduction in its North American facilities in May. Shortly after, the company confirmed that it had paid a ransom of $11 million in bitcoins to the hackers.
Cases most emblematic of hackers for their millionaire figures. And it is that, for example, in regions such as Latin America, the average time to identify and attend to a data breach in 2022 was 331.5 days. Similarly, the IBM report shows that 83% of companies worldwide have experienced an excess of data breach. With your life, health and finances being affected the most.