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Fortive Hostage Data: Ransomware and Protecting Your Digital Information

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Healthcare Provider Update: Fortive Corporation partners with various healthcare providers through its Advanced Healthcare Solutions segment, focusing on delivering mission-critical technologies for medical instruments and healthcare facilities. As of 2025, Fortive is well-positioned to navigate the anticipated shifts in healthcare costs and innovations related to connected workflows. Looking ahead to 2026, healthcare costs are expected to rise significantly, potentially impacting many American families. Record premium increases for Affordable Care Act (ACA) marketplace plans are projected, with some state premiums soaring by over 60%. This surge in costs is largely driven by higher medical expenses, the potential cessation of federal premium subsidies, and increased rates from major insurers. Without congressional action to extend these subsidies, many policyholders could see their premiums spike by up to 75%, highlighting the urgent need for consumers to prepare for these financial changes. Click here to learn more

As cyber attacks are on the rise, it is important that all Fortive employees ensure that they are using good password habits and multi-step verifications to protect the company data, recommends Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement Group.

It is therefore important that Fortive employees take conscious measures to prevent their personal and company data from being compromised by ransomware attacks by being aware of phishing scams and ensuring that their systems are up to date, stresses Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement Group.

Here are three brief main topics for your article:

  1. The Colonial Pipeline attack and other recent ransomware attacks on critical infrastructure.

  2. How ransomware works, and the rising risk to people and businesses.

  3. Some practical ways to secure electronic information, with a focus on good passwords and other safety tips.

Have you noticed that gas prices in your area are through the roof? Colonial Pipeline, which carries almost 50% of East Coast crude oil from Texas to New Jersey halted operations on May 7, 2021, after a ransomware attack. The pipeline was restarted in one week after Colonial paid the $4.4 million ransom, after the group behind the attack notified the company of the breach.

Although there was enough gas in storage to stabilize demand, panic buying led to shortages on the East Coast of the United States and pushed the national average gas price above $3.00 per gallon for the first time since 2014 although there was enough gas to meet demand.[1]. Ransomware has been around for some time, but the Colonial Pipeline attack highlighted the risk to critical infrastructure and triggered a strong federal response. Interestingly enough, the DOJ was able to recover most of the ransom, and DarkSide, the group behind the attack, announced that it would be halting its operations.[2.]

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The Department of Homeland Security has issued new rules that require critical pipeline owners and operators to report cybersecurity incidents within 12 hours and review their cybersecurity posture and submit the results within 30 days.[3] As we have seen the incident has underscored the need for government efforts to improve the nation’s cybersecurity and to form an international partnership to hold nations that shelter cybercriminals accountable.[4.]

Malicious Code:

As a Fortive company, it is important that you understand the basics of cyber attacks in order to protect your assets from threats. Ransomware is a type of malicious code (malware) that compromises the victim’s computer system and the attacker uses the compromised system to encrypt files for which a ransom is demanded in exchange for the decryption key. Some of the attackers may also threaten to leak the company’s data. Globally, an estimated 305 million ransomware attacks were recorded in the year 2020 as compared to a 62% increase from the previous year, 2019. More than 200 million were reported in the United States.[5] Cybercriminal gangs have shifted their attention from targeting ‘data-intensive’ organizations such as retailers, insurers, and financial services to targeting businesses and other entities that are critical to the public health. JBS USA Holdings, a company that handles one-fifth of the U.S. livestock production, paid $11 million ransom, one week after the Colonial Pipeline attack.[6] As a result of relatively low spending on cybersecurity, healthcare systems are also a prime target, putting patient care at risk.[7] State and local governments, schools, and private companies of all sizes are also frequently attacked.[8]

As cyber attackers have chosen Fortive employees as their target audience, it is crucial to enhance cybersecurity at your workplace and residential networks to avoid risks. Typically, ransomware groups, which are mainly from Russia and other countries in the Eastern region, set their ransoms based on the level of the victim company’s funds. Large operations may end in negotiation between the middle men and the victims or the cyber insurance companies. Although the FBI doesn’t recommend paying the ransom, key organizations and entities might not be able to afford to rebuild their IT systems and the cost of doing so may well be higher than the ransom demanded.[9]

Protecting Your Data:

Do you know that ransomware attacks are increasingly targeting seniors? According to the FBI, older people are especially vulnerable to ransomware scams because they are not very familiar with the cyber security measures and tend to open any email or make any call from an unknown number. Scammers especially target retirees, taking advantage of their fear of losing important information or their access to certain accounts. It is crucial for people in their 60s, including those working for Fortive or retiring, to know the dangers and how to protect their electronic information. Major ransomware groups tend to target more profitable targets, but many cybercriminals attack individual consumers and demand ransom to lock their data, access their financial accounts, and sell their personal data.

If you work for Fortive and you think that you or your company is at risk of being targeted by ransomware, the following will assist you in protecting your data.[10] Use good passwords and keep them safe. The Colonial Pipeline attack occurred through a leaked password of an old account that had remote server access,[11] which is why, as an employee of Fortive and a potential target, your first line of defence is a good password. Use between 8 and 12 characters, including a mix of case, numbers, and special characters. Passwords that are longer and more complex are better than those that are short and simple. Avoid using personal information and words that can be found in the dictionary.

One way to do this is to use a password that can be transformed and remembered. For instance, Jack and Jill going up the hill to get a pail of water can be written as J&jwuth!!2faPow. It is more advisable to have different passwords for different accounts than to reuse a good password. You should use a password manager that generates random passwords that can be remembered using a strong master password. Do not share or write down your passwords. No simple solutions. When creating security questions that can be used to recover a password, be careful. Given that there is a lot of actual information that can be found online, it might be beneficial for employees of Fortive to use fictitious answers that they can remember. If a criminal can guess your answer from the information that he or she got from the internet (for example, from your online profile), then he or she will be able to change your password and gain access to your account. Take two measures. Even if a thief gets your password, two-factor authentication, which is usually a text or email code sent to your phone, provides an extra protection.

Consider before clicking. As an employee of Fortive using work systems, it is necessary to know that the most common way of transmitting ransomware and other malicious code to the affected computer is through a ‘phishing’ email that would require the recipient to open a link. There is no need to click on a link in an email or text message unless you know who sent it and where it is leading to. Install anti-virus software. Get and keep anti-virus software, a firewall, and an email filter. Old antivirus software does not provide protection against the latest infections. Backup your data. Back up to an external hard drive at regular intervals. The drive should be disconnected from the network during the intervals to enhance security. Maintain system updates. Use the latest operating system that is compatible with your computer and install security updates.

Most of the ransomware attacks are based on operating system and application vulnerabilities. If you get a message on your personal or company computer that you are infected with a virus or that your data is being demanded as a ransom, it is more likely a fake pop-up than an actual attack. These pop-ups are usually followed by a phone number for so-called technical support or to make a payment. As an employee of Fortive, it is crucial that you do not make a call and do not click on the window and any links to avoid compromising the system. Try to close your browser and shut down your computer. More information and other tips can be found at the Cybersecurity & Infrastructure Security Agency website at us-cert.cisa.gov/ncas/tips.

Conclusion:

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Think of your digital information as a valuable property, like a family heirloom. This is why it is crucial to protect your data from ransomware as you do with your valuable items. Ransomware can be regarded as a clever burglar who steals your digital family heirloom and demands a ransom for it. By using strong passwords, having anti-virus software and being careful of phishing, you are in a way locking the digital safe. Another way of protecting your data is to make sure that you are backing up your data. This is because just as you would keep a copy of your heirloom in a different place, you do not want to leave your precious assets unattended. Hence, it is crucial to be proactive in protecting your digital assets so that you do not lose control over them.

Sources:

1. Morgan Stanley.  Cybersecurity for Seniors: A Guide for Loved Ones . 2021.  morganstanley.com .

2. National Council on Aging.  Improving Personal Cybersecurity: 5 Tips for Seniors . 2021.  ncoa.org .

3. Texas Department of Information Resources.  Cybersecurity Tips for Retirees and Retirement-age Individuals . 2024.  dir.texas.gov .

4. Wyoming Enterprise Technology Services.  Seniors Online Safety Tips . 2021.  ets.wyo.gov .

5. Florida Senior Consulting.  Cybersecurity Guide for Seniors: A 2025 Update . 2025.  floridaseniorconsulting.com .

What type of retirement plan does Fortive offer to its employees?

Fortive offers a 401(k) retirement savings plan to help employees save for their future.

Does Fortive provide a company match for contributions made to the 401(k) plan?

Yes, Fortive provides a company match on employee contributions to the 401(k) plan, enhancing the overall savings potential.

What is the eligibility requirement to participate in Fortive's 401(k) plan?

Employees are eligible to participate in Fortive's 401(k) plan after completing a specified period of employment, typically 30 days.

Can employees at Fortive choose their contribution percentage to the 401(k) plan?

Yes, employees at Fortive can choose their contribution percentage, allowing for flexibility in saving according to their financial goals.

What investment options are available in Fortive's 401(k) plan?

Fortive's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can employees change their contribution amounts to Fortive's 401(k) plan?

Employees can change their contribution amounts to Fortive's 401(k) plan at any time, subject to plan rules and limits.

Does Fortive allow for loans against the 401(k) balance?

Yes, Fortive's 401(k) plan may allow employees to take loans against their balance, subject to specific terms and conditions.

What happens to my 401(k) account if I leave Fortive?

If you leave Fortive, you can choose to leave your funds in the plan, roll them over to another qualified plan, or withdraw them, subject to tax implications.

Is there a vesting schedule for Fortive's company match in the 401(k) plan?

Yes, Fortive has a vesting schedule for the company match, meaning employees must work for a certain period to fully own the matched contributions.

Can I access my Fortive 401(k) funds in case of financial hardship?

Yes, Fortive allows for hardship withdrawals under certain conditions, following IRS guidelines and plan rules.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Fortive offers a defined benefit pension plan, specifically a cash balance plan, which provides a guaranteed retirement benefit based on a formula that combines elements of both traditional defined benefit plans and defined contribution plans. In a cash balance plan, Fortive credits a participant's account with a set percentage of their annual salary, plus interest, which grows over time. Eligibility typically includes full-time employees who meet certain service or age requirements, although specifics can vary based on employment status and tenure. In recent years, Fortive has adapted its cash balance plan to reflect changes in tax laws and interest rate strategies. For instance, in 2022, the company adjusted its plan interest crediting rates to align with prevailing market conditions and IRS regulations. By 2023 and 2024, Fortive continued to refine these rates to ensure compliance with updated tax laws and to optimize the financial performance of the plan.
Restructuring and Layoffs: In early 2024, Fortive announced a significant restructuring initiative aimed at streamlining its operations and reducing operational redundancies. This move resulted in layoffs affecting approximately 5% of its workforce across various divisions. The restructuring is part of Fortive's broader strategy to optimize its portfolio and focus on core growth areas. This is critical to follow given the ongoing economic volatility and investment uncertainties, which may impact both job security and company performance.
In 2022, Fortive granted stock options and RSUs to key employees and executives. Stock options were performance-based, and RSUs were part of long-term incentives. (Source: Fortive 2022 Annual Report, p. 49)
Health Insurance: Fortive offers a range of health insurance options including medical, dental, and vision coverage. The company provides comprehensive coverage plans with options for employees to choose from based on their needs. Wellness Programs: Fortive emphasizes wellness through programs that may include health screenings, fitness reimbursements, and mental health resources. Flexible Spending Accounts (FSAs): Employees can use FSAs for eligible medical expenses. Employee Assistance Programs (EAPs): Access to confidential counseling services for personal and work-related issues. Company Annual Reports or SEC Filings Benefit Details: Recent reports confirm that Fortive provides competitive health benefits in line with industry standards. They continue to offer robust health insurance packages and wellness programs to support employee well-being. Benefit Trends: There has been a focus on enhancing mental health resources and expanding access to telehealth services.
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For more information you can reach the plan administrator for Fortive at , ; or by calling them at .

https://www.thelayoff.com/https://www.sec.gov/ https://www.finra.org/ https://www.firstsolar.com/ https://benefitslink.com/ https://www.bing.com/?ref=aka&shorturl=9849950 https://www.fortive.com/ https://www.pbgc.gov/

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