Cybercrime has seen a widespread increase during the COVID-19 era due to organizations and citizens being vulnerable to attacks because of the panic and uncertainty brought on by the pandemic. This spells trouble as Insurance company Hiscox reported that insured cyber losses for organizations amounted to around $1.8 billion in 2019, a 50% increase from 2018. With a probable rise in cyberattacks … [Read more...] about Can We Rely On Cyber Insurance?
Cybersecurity: Tips for Workplace Social Media Hygiene
Social media in the workplace has evolved from being something that was thought of as a waste of time to something which is now generally acceptable to look at from time to time, especially while taking breaks. Despite its widespread acceptance, there are plenty of cybersecurity concerns that come along with social media. The prime example is that of the professional networking site … [Read more...] about Cybersecurity: Tips for Workplace Social Media Hygiene
What the G7 Summit Means for the Future of US-Russia Cybersecurity
The previous year saw a rise in state-sponsored cybercrime with the Russian government authorizing the SolarWinds attack, which was used to spy on multiple US organizations such as the Treasury Department and the Department of Homeland Security. The US government responded by imposing sanctions on Russian intelligence officials. There aren’t any signs that suggest that things are about to get … [Read more...] about What the G7 Summit Means for the Future of US-Russia Cybersecurity
Ransomware Attacks Continue to Grow
A widescale cyberattack took place last month at a Colonial Pipeline facility in Alabama. The attack resulted in the company's systems, which were responsible for providing 45% of the fuel supply for the entire East Coast, being halted. Eventually, a ransom had to be paid to the hackers worth $5 million worth in Bitcoin, of which only $2.3 million were recovered by authorities. The attack was … [Read more...] about Ransomware Attacks Continue to Grow
Top Cyber Power Revealed With the US at the Top of the List
A research paper published by the International Institute for Strategic Studies (IISS) classified the United States of America as the only top-tier cyber-power nation in the world. The British research institute evaluated the cyber proficiency of 15 countries over a span of two years before dividing each country into tiers by their global state cyber-capacity. In order to … [Read more...] about Top Cyber Power Revealed With the US at the Top of the List