What really happens when a company gets hacked?

Host Mike Wixson sits down with Arani Adhikari of Armor Cyber to break down the growing threat of ransomware, cyber extortion, and organized hacking groups like Shiny Hunters, Qilin, and other cybercrime networks.

What really happens when a company gets hacked? How do cybercriminals gain access to sensitive systems? Should businesses ever pay a ransom? And what can organizations do to protect themselves before becoming the next headline?

In this episode, Mike and Arani explore how ransomware has evolved from isolated hackers into sophisticated criminal enterprises operating like full-scale corporations. They discuss real-world cyberattack cases, the role of cyber insurance, the rise of AI-powered attacks, and the simple security measures that could prevent many breaches before they happen.

Topics Covered:

The rise of ransomware gangs and cyber extortion

How groups like Shiny Hunters operate

Why small and medium-sized businesses are prime targets

Multi-factor authentication (MFA) and why it matters

The role of backups in ransomware recovery

Cyber insurance and modern security requirements

How hackers negotiate ransom payments

AI's impact on cybercrime and phishing attacks

Common security mistakes businesses make

Practical cybersecurity advice for Canadian organizations

Whether you're a business owner, IT professional, entrepreneur, or simply concerned about protecting your personal data, this conversation offers valuable insight into one of the fastest-growing criminal industries in the world.

Host: Mike Wixson

Guest: Arani Adhikari, Armor Cyber

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