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Insurances - Risk management | publié par Loyco | 25.08.2022

Cyber news: hacker infiltration and ransomware

Following the launch of the Cyber Risk Clinic last May, we’re giving the floor to several experts in the cyber field, who are active within this new structure.
In this series of “cyber news”, they explain the stakes involved in these particular risks, and share concrete cases of cyber-attacks encountered in their professional practice. For the first episode of this series dedicated to cyber risks, we put 3 questions to Steven Meyer, CEO and Julien Bressieux, COO of ZENDATA, partner of the Cyber Risk Clinic.

Traditional antivirus and firewall solutions are simply no longer sufficient to protect you against increasingly sophisticated attacks.

Who is really affected by cyber attacks?

Cyberattacks are now one of the main threats to companies, and can jeopardize both their reputation and their business.
Traditional anti-virus and firewall solutions are simply no longer sufficient to protect against increasingly sophisticated attacks, as demonstrated by the proliferation of ransomware, which also publishes the most sensitive data.
The vast majority of hacked companies we work with have security solutions in place, but these are not continuously monitored by specialists who are able to understand and deal with alerts.
Even when they don’t handle sensitive data, SMEs are now the daily targets of criminals.
Indeed, the protection afforded to SMEs is often inadequate, and hackers are well aware of this.
But there’s no need to overdramatize: solutions exist to address this strategic risk.

Isn’t preventing cyber-attacks the role of my team or my IT service provider?

Cybersecurity and IT are two different specialties with distinct objectives, but they need to complement each other.
Cyber experts need to assess your threats, exposure and risk tolerance, so they can define the protection Services you need.
They then need to keep abreast of new hacker techniques, so that they can proactively adapt your protection.

What protection do I need?

While it’s important to choose the best solutions on the market, because not all solutions are created equal, good protection must be customized to your strategic risks and, above all, continuously managed by cyber engineers capable of detecting the slightest incident and ensuring an appropriate response as quickly as possible.
That’s why the Cyber Risk Clinic’s “Protection” package, jointly defined by Clinic.of.digital and Loyco, enables you to benefit from personalized, efficient protection to ensure that digital technology cannot affect your strategic risks.

Undercover hackers

Case study of a cyber attack Following fraudulent e-mails sent to a partner, a twenty-strong consulting firm in Geneva called on ZENDATA to carry out an investigation.
During the investigation, their engineers discovered that hackers had been present in the infrastructure for over 3 months, in order to alter backups, read all email exchanges and gain a broader view of the situation, so that the attack could be as profitable as possible.
In less than 96 hours, the engineers were able to isolate the compromised infrastructure, find the initial attack vector, correct the flaws and set up supervised protection from ZENDATA’s Geneva-based operations center (SOC).
As a result, the company’s reputation and business were preserved, and it now benefits from ongoing protection (licenses, ongoing management & interventions) for less than 1,500 francs a month.

ZENDATA is a Cyber Risk Clinic partner active in the Protection pack.
We’re delighted to be able to count on them.
Their ZEN360 protection service, specially designed for SMEs in French-speaking Switzerland, combined with their expertise and reputation, make them a partner of choice.
Thanks to this service, you’ll benefit from customized protection to safeguard both your infrastructure and your data, with market-leading solutions continuously supervised in their operations center by their cyber engineers.
As a reminder, the Cyber Risk Clinic “Protection” package comprises several options that can be activated individually or as a whole:

  • Diagnosis/audit of systems and staff, with delivery of a roadmap for operational management
  • Support or presentation of tools available on the market
  • Implementation of protection, detection and incident response tools
  • Legal action plan and legal watch

More information

Edit: Since 2024, Cyber Risk Clinic Services have been integrated into Loyco’s services. See Cyber Risk Services.

Your contact

Lionel Ducommun: lducommun@loyco.ch / +41 78 805 16 13  

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