Analysts have observed that ransomware attacks have doubled yearly since the beginning of the COVID-19 pandemic restricted people's movements and resulted in an increased work from home policies. Lack of cybersecurity awareness and measures in place resulted in hackers carrying out these attacks consistently and with ease on large companies and small firms across all industries. TechTarget states … [Read more...] about The Deadliest Ransomware Attacks to Lookout For
Cyber security threats
Nearly 1100 Impersonating Domains Per Year Seen By Companies
The average business sees almost 90 domains impersonating their business per month - that's approximately 1100 domains per year on average. These fraudulent domains are set up by cybercriminals and sometimes even by threat actors sponsored by states to carry out such activities. A report by a digital risk protection company called Digital Shadows showed that the industry that is most at … [Read more...] about Nearly 1100 Impersonating Domains Per Year Seen By Companies
The Future of Quantum Computers
Cybersecurity experts have reason to believe that next-generation quantum computers will have the processing power needed to break classic encryption, the process used to encode and protect the confidential information of a company. The repercussions, if this turns out to be accurate, would be severe for modern technology users as should encryption algorithms be bypassed, it would allow … [Read more...] about The Future of Quantum Computers
Can We Rely On Cyber Insurance?
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?
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
