Sixty percent of small businesses will go out of business following a cyberattack. (Photo: momius/Adobe Stock). Sixty percent of small businesses will go out of business following a cyberattack. (Photo: momius/Adobe Stock).

With names like AstraLocker, RedAlert, CheckMate and Maui, today’s ransomware programs sound more like video games than programs that will shut down a network, steal customer information and disrupt a business for weeks or longer. According to CFC, a specialist insurance provider, you can add another ransomware risk to the list. The latest entrant, known as “BazarCall,” targets small businesses in particular.

alm small biz adviser logo - 7-6-22CFC said in a press release that “the BazarCall attack method has been growing in use among well-known ransomware groups and is responsible for an increasing number of malware infections observed by CFC over the past three months.”

The attack involves the use of a phishing email that tricks a target into phoning a call center, where they are then instructed to download malicious software and basically infect their own computers. Once the software is downloaded, hackers can implement undetected ransomware attacks.

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Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]

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