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
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
Consumers Must Prioritize Safety Over Convenience
Morning Consult recently conducted a global survey on behalf of IBM Security which recorded responses of around 22,000 individuals across 22 different markets. The survey highlighted the harmful effects that the pandemic had on consumer security behavior. As the work we do has shifted from physical to online platforms, it has become increasingly difficult to protect themselves from hackers who … [Read more...] about Consumers Must Prioritize Safety Over Convenience
Reasons Why Businesses Must Take Cybersecurity Seriously Than Ever
It is a well-known fact that the COVID-19 pandemic has caused an increase in cybersecurity threats faced by organizations. The necessity of shifting all operations from physical to online modes, as well as the aura of uncertainty and chaos, has allowed cybercriminals to have a field day in carrying out their notorious affairs. A report published by the UK government's Department for … [Read more...] about Reasons Why Businesses Must Take Cybersecurity Seriously Than Ever